Intech Investment Management LLC grew its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 68.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,065 shares of the asset manager's stock after buying an additional 4,512 shares during the quarter. Intech Investment Management LLC's holdings in Cohen & Steers were worth $1,022,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Westside Investment Management Inc. acquired a new stake in shares of Cohen & Steers during the third quarter valued at $32,000. GAMMA Investing LLC boosted 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 worth $67,000 after purchasing an additional 119 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Cohen & Steers during the fourth quarter worth about $73,000. KBC Group NV raised its position in shares of Cohen & Steers by 27.4% in the fourth 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 during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in shares of Cohen & Steers during the third quarter valued at approximately $239,000. 51.47% of the stock is owned by hedge funds and other institutional investors.
Cohen & Steers Stock Performance
NYSE CNS traded down $0.25 during trading hours on Wednesday, hitting $80.68. 187,563 shares of the company's stock were exchanged, compared to its average volume of 221,886. The business's 50 day moving average is $85.20 and its 200-day moving average is $92.82. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The firm has a market capitalization of $4.11 billion, a P/E ratio of 27.16 and a beta of 1.55.
Cohen & Steers (NYSE:CNS - Get Free Report) last posted 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors 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 a boost from Cohen & Steers's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 3.07%. Cohen & Steers's dividend payout ratio (DPR) is 83.50%.
About Cohen & Steers
(
Free Report)
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.
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