Rhumbline Advisers Sells 2,996 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Rhumbline Advisers lessened its stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,174 shares of the asset manager's stock after selling 2,996 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Cohen & Steers worth $6,757,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CNS. Creative Planning boosted its stake in shares of Cohen & Steers by 54.1% during the third quarter. Creative Planning now owns 18,396 shares of the asset manager's stock valued at $1,765,000 after purchasing an additional 6,456 shares during the period. Signaturefd LLC boosted its stake in shares of Cohen & Steers by 19.8% during the third quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock valued at $62,000 after purchasing an additional 107 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Cohen & Steers by 15.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,025 shares of the asset manager's stock worth $1,534,000 after acquiring an additional 2,116 shares during the period. Trajan Wealth LLC purchased a new stake in Cohen & Steers in the third quarter worth $247,000. Finally, New York State Teachers Retirement System lifted its stake in Cohen & Steers by 4.8% in the third quarter. New York State Teachers Retirement System now owns 6,480 shares of the asset manager's stock worth $622,000 after acquiring an additional 294 shares during the period. Hedge funds and other institutional investors own 51.47% of the company's stock.

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Cohen & Steers Stock Performance

CNS stock traded up $0.89 on Friday, reaching $87.30. The company's stock had a trading volume of 206,184 shares, compared to its average volume of 193,387. The business has a fifty day simple moving average of $88.55 and a two-hundred day simple moving average of $93.36. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The firm has a market cap of $4.45 billion, a PE ratio of 29.39 and a beta of 1.56.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 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 disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd will be issued a $0.62 dividend. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date is Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a yield of 2.84%. Cohen & Steers's dividend payout ratio is 83.50%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised their price target on Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a research note 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.