Intech Investment Management LLC Buys 4,512 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Intech Investment Management LLC lifted its stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 68.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,065 shares of the asset manager's stock after purchasing an additional 4,512 shares during the quarter. Intech Investment Management LLC's holdings in Cohen & Steers were worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Cohen & Steers in the 4th quarter valued at approximately $44,737,000. Lord Abbett & CO. LLC purchased a new position in shares of Cohen & Steers during the 3rd quarter valued at $23,988,000. Congress Asset Management Co. increased its stake in shares of Cohen & Steers by 22.0% in the fourth quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock worth $48,763,000 after acquiring an additional 95,185 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Cohen & Steers by 1,460.1% during the fourth quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager's stock worth $9,232,000 after acquiring an additional 93,566 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Cohen & Steers by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock valued at $92,749,000 after purchasing an additional 52,846 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

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Cohen & Steers Trading Up 0.2 %

NYSE CNS traded up $0.13 on Tuesday, reaching $81.10. The stock had a trading volume of 182,537 shares, compared to its average volume of 222,206. Cohen & Steers, Inc. has a 1 year low of $64.13 and a 1 year high of $110.67. The business has a 50 day moving average price of $85.20 and a 200 day moving average price of $92.82. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 27.31 and a beta of 1.55.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 EPS 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.62 per share. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.48 annualized dividend and a dividend yield of 3.06%. Cohen & Steers's dividend payout ratio is 83.50%.

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.