Geode Capital Management LLC Buys 15,526 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Geode Capital Management LLC raised its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 724,849 shares of the asset manager's stock after buying an additional 15,526 shares during the quarter. Geode Capital Management LLC owned about 1.43% of Cohen & Steers worth $66,946,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in Cohen & Steers during the 3rd quarter valued at $32,000. GAMMA Investing LLC raised its stake in shares of Cohen & Steers by 19.5% during the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after purchasing an additional 119 shares during the period. R Squared Ltd purchased a new stake in Cohen & Steers during the 4th quarter worth about $73,000. Harvest Fund Management Co. Ltd bought a new position in Cohen & Steers in the 4th quarter worth about $101,000. Finally, KBC Group NV grew its holdings in Cohen & Steers by 27.4% during the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock valued at $130,000 after buying an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 51.47% of the company's stock.

Cohen & Steers Trading Up 0.7 %

Shares of NYSE CNS traded up $0.50 during midday trading on Thursday, hitting $74.39. 273,542 shares of the company's stock were exchanged, compared to its average volume of 237,296. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 25.05 and a beta of 1.46. The business's fifty day moving average price is $80.80 and its two-hundred day moving average price is $90.68.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. The company had revenue of $133.79 million for the quarter, compared to the consensus estimate of $130.64 million. During the same period in the prior year, the firm posted $0.68 earnings per share.

Cohen & Steers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 3.33%. Cohen & Steers's dividend payout ratio (DPR) is 83.50%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI cut their price objective on shares of Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company in a research report on Friday, April 11th.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.