Los Angeles Capital Management LLC Takes $1.19 Million Position in Cohen & Steers, Inc. (NYSE:CNS)

Los Angeles Capital Management LLC acquired a new stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,855 shares of the asset manager's stock, valued at approximately $1,187,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its position in shares of Cohen & Steers by 0.8% in the third quarter. State Street Corp now owns 1,098,165 shares of the asset manager's stock valued at $105,369,000 after purchasing an additional 8,774 shares during the last quarter. Copeland Capital Management LLC raised its stake in Cohen & Steers by 0.5% in the 4th quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager's stock worth $101,242,000 after purchasing an additional 5,303 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cohen & Steers by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager's stock valued at $91,305,000 after purchasing an additional 52,103 shares during the period. Geode Capital Management LLC grew its position in shares of Cohen & Steers by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager's stock worth $68,071,000 after purchasing an additional 33,414 shares in the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of Cohen & Steers by 22.0% during the fourth quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock worth $48,763,000 after purchasing an additional 95,185 shares during the period. Institutional investors own 51.47% of the company's stock.

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Cohen & Steers Price Performance

CNS traded up $0.36 on Wednesday, hitting $82.92. 355,915 shares of the stock were exchanged, compared to its average volume of 198,408. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 27.92 and a beta of 1.56. Cohen & Steers, Inc. has a 12 month low of $64.13 and a 12 month high of $110.67. The business has a 50-day moving average of $88.18 and a two-hundred day moving average of $93.50.

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

Cohen & Steers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, March 3rd will be paid a $0.62 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 2.99%. Cohen & Steers's dividend payout ratio (DPR) is 83.50%.

Wall Street Analyst Weigh In

Separately, Evercore ISI increased their price target on Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th.

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.