Grantham Mayo Van Otterloo & Co. LLC Has $22.18 Million Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,145 shares of the asset manager's stock after selling 55,709 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.47% of Cohen & Steers worth $22,175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CNS. GAMMA Investing LLC grew its position in Cohen & Steers by 19.5% in the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after acquiring an additional 119 shares during the period. Monument Capital Management lifted its holdings in Cohen & Steers by 6.6% during the 4th quarter. Monument Capital Management now owns 2,998 shares of the asset manager's stock valued at $277,000 after purchasing an additional 186 shares during the last quarter. MML Investors Services LLC boosted its position in Cohen & Steers by 4.8% in the third quarter. MML Investors Services LLC now owns 5,045 shares of the asset manager's stock valued at $484,000 after buying an additional 229 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Cohen & Steers by 4.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,364 shares of the asset manager's stock worth $495,000 after buying an additional 230 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Cohen & Steers by 0.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 26,353 shares of the asset manager's stock worth $2,433,000 after buying an additional 245 shares in the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Evercore ISI decreased their price target on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock in a research report on Friday.

Cohen & Steers Price Performance

Shares of NYSE:CNS traded down $1.25 during midday trading on Friday, reaching $72.50. The company's stock had a trading volume of 89,426 shares, compared to its average volume of 235,027. The business's fifty day simple moving average is $81.95 and its 200-day simple moving average is $91.24. Cohen & Steers, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $110.67. The company has a market capitalization of $3.70 billion, a P/E ratio of 24.35 and a beta of 1.46.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Cohen & Steers's previous quarterly dividend of $0.59. Cohen & Steers's payout ratio is 83.50%.

About Cohen & Steers

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.