Principal Financial Group Inc. Grows Position in Cohen & Steers, Inc. (NYSE:CNS)

Principal Financial Group Inc. increased its stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,825 shares of the asset manager's stock after acquiring an additional 3,835 shares during the period. Principal Financial Group Inc. owned about 0.26% of Cohen & Steers worth $12,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cohen & Steers by 15.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,025 shares of the asset manager's stock valued at $1,534,000 after buying an additional 2,116 shares in the last quarter. Trajan Wealth LLC purchased a new stake in shares of Cohen & Steers during the third quarter worth approximately $247,000. New York State Teachers Retirement System raised its stake in Cohen & Steers by 4.8% in the 3rd quarter. New York State Teachers Retirement System now owns 6,480 shares of the asset manager's stock valued at $622,000 after purchasing an additional 294 shares during the last quarter. Congress Asset Management Co. raised its stake in Cohen & Steers by 3.4% in the 3rd quarter. Congress Asset Management Co. now owns 432,897 shares of the asset manager's stock valued at $41,536,000 after purchasing an additional 14,370 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Cohen & Steers by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager's stock valued at $79,000 after purchasing an additional 119 shares in the last quarter. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

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Cohen & Steers Stock Performance

Shares of CNS stock traded down $1.51 during trading hours on Monday, reaching $85.27. The company had a trading volume of 120,487 shares, compared to its average volume of 191,094. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 28.71 and a beta of 1.56. The stock has a fifty day moving average of $88.55 and a 200-day moving average of $93.51.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) 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 company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.62 per share. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, March 3rd. Cohen & Steers's dividend payout ratio (DPR) is currently 83.50%.

Analyst Upgrades and Downgrades

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

About Cohen & Steers

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.