Cohen & Steers, Inc. (NYSE:CNS) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 87.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,924 shares of the asset manager's stock after buying an additional 76,486 shares during the period. JPMorgan Chase & Co. owned about 0.32% of Cohen & Steers worth $15,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Cohen & Steers by 19.5% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock worth $67,000 after buying an additional 119 shares in the last quarter. Monument Capital Management increased its stake in shares of Cohen & Steers by 6.6% during the 4th quarter. Monument Capital Management now owns 2,998 shares of the asset manager's stock worth $277,000 after purchasing an additional 186 shares in the last quarter. MML Investors Services LLC raised its position in shares of Cohen & Steers by 4.8% during the 3rd quarter. MML Investors Services LLC now owns 5,045 shares of the asset manager's stock worth $484,000 after purchasing an additional 229 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Cohen & Steers by 4.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,364 shares of the asset manager's stock valued at $495,000 after buying an additional 230 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in 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 currently owned by institutional investors and hedge funds.

Cohen & Steers Stock Performance

NYSE CNS traded up $1.54 during mid-day trading on Thursday, reaching $75.43. 54,227 shares of the stock were exchanged, compared to its average volume of 221,911. The business's fifty day simple moving average is $80.80 and its 200 day simple moving average is $90.68. The stock has a market capitalization of $3.84 billion, a PE ratio of 25.40 and a beta of 1.46. Cohen & Steers, Inc. has a 1-year low of $64.13 and a 1-year high of $110.67.

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

Cohen & Steers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.29%. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. Cohen & Steers's payout ratio is presently 83.50%.

Analyst Ratings Changes

Separately, Evercore ISI dropped their price objective on 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 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.