Schroder Investment Management Group Makes New Investment in Cohen & Steers, Inc. (NYSE:CNS)

Schroder Investment Management Group acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,786 shares of the asset manager's stock, valued at approximately $628,000.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Cohen & Steers in the 4th quarter valued at about $34,166,000. JPMorgan Chase & Co. lifted its holdings in shares of Cohen & Steers by 87.5% during the fourth quarter. JPMorgan Chase & Co. now owns 163,924 shares of the asset manager's stock worth $15,137,000 after purchasing an additional 76,486 shares during the period. EFG Asset Management North America Corp. boosted its holdings in Cohen & Steers by 169.6% in the fourth quarter. EFG Asset Management North America Corp. now owns 51,226 shares of the asset manager's stock valued at $4,737,000 after acquiring an additional 32,228 shares during the last quarter. Congress Wealth Management LLC DE grew its holdings in Cohen & Steers by 6.2% during the 4th quarter. Congress Wealth Management LLC DE now owns 86,075 shares of the asset manager's stock worth $7,948,000 after acquiring an additional 5,006 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Cohen & Steers by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager's stock worth $306,539,000 after buying an additional 22,012 shares during the period. Institutional investors own 51.47% of the company's stock.

Analyst Ratings Changes

Separately, Evercore ISI lowered their price target on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company in a research report on Friday.

Cohen & Steers Price Performance

Shares of NYSE CNS traded down $0.35 during midday trading on Friday, reaching $73.40. The company's stock had a trading volume of 217,969 shares, compared to its average volume of 236,074. The stock has a market capitalization of $3.74 billion, a P/E ratio of 24.71 and a beta of 1.46. The firm has a 50 day moving average price of $81.67 and a 200-day moving average price of $91.09. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67.

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 announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. Cohen & Steers's dividend payout ratio (DPR) is currently 83.50%.

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.