Royce & Associates LP Takes $868,000 Position in Cohen & Steers, Inc. (NYSE:CNS)

Royce & Associates LP acquired a new stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,048 shares of the asset manager's stock, valued at approximately $868,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Board of Administration of Florida Retirement System increased its position in shares of Cohen & Steers by 43.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,627 shares of the asset manager's stock valued at $817,000 after purchasing an additional 3,200 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Cohen & Steers by 23.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,309 shares of the asset manager's stock valued at $408,000 after buying an additional 1,019 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Cohen & Steers by 10.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 9,400 shares of the asset manager's stock worth $723,000 after buying an additional 883 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Cohen & Steers by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,220 shares of the asset manager's stock worth $1,248,000 after acquiring an additional 941 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC purchased a new stake in Cohen & Steers during the first quarter worth approximately $5,193,000. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock opened at $99.65 on Thursday. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 37.18 and a beta of 1.53. The firm's fifty day simple moving average is $97.98 and its 200-day simple moving average is $84.73. Cohen & Steers, Inc. has a 12 month low of $56.04 and a 12 month high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.03. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The business had revenue of $133.20 million during the quarter, compared to analysts' expectations of $124.18 million. During the same period in the prior year, the company earned $0.70 earnings per share. The business's revenue was up 7.7% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.37%. Cohen & Steers's dividend payout ratio (DPR) is currently 88.06%.

Analysts Set New Price Targets

CNS has been the topic of a number of research analyst reports. Evercore ISI raised their price objective on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. UBS Group upgraded Cohen & Steers from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $63.00 to $102.00 in a research report on Thursday, October 17th.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.