Cohen & Steers, Inc. (NYSE:CNS) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 883,805 shares of the asset manager's stock after purchasing an additional 48,683 shares during the quarter. Invesco Ltd. owned approximately 1.75% of Cohen & Steers worth $81,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in shares of Cohen & Steers during the 3rd quarter valued at about $32,000. GAMMA Investing LLC raised its stake in Cohen & Steers by 19.5% during the fourth 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 period. R Squared Ltd acquired a new position in shares of Cohen & Steers in the 4th quarter valued at $73,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cohen & Steers during the 4th quarter valued at $101,000. Finally, KBC Group NV increased its holdings in shares of Cohen & Steers by 27.4% during the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock worth $130,000 after buying an additional 304 shares during the last quarter. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI reduced their target price on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock in a report on Friday, April 11th.

Cohen & Steers Stock Performance

CNS traded up $0.50 on Thursday, reaching $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 twelve month low of $64.13 and a twelve month high of $110.67. The company's 50 day moving average is $80.80 and its 200-day moving average is $90.68. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 25.05 and a beta of 1.46.

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

Cohen & Steers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were given a $0.62 dividend. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. This represents a $2.48 annualized dividend and a dividend yield of 3.33%. Cohen & Steers's dividend payout ratio (DPR) is presently 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.