Sei Investments Co. Decreases Stake in Cohen & Steers, Inc. (NYSE:CNS)

Sei Investments Co. lessened its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,365 shares of the asset manager's stock after selling 79,007 shares during the period. Sei Investments Co. owned approximately 0.31% of Cohen & Steers worth $14,532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Cohen & Steers by 0.8% in the 3rd 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 in the last quarter. Copeland Capital Management LLC lifted its position in Cohen & Steers by 0.5% during the fourth quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager's stock valued at $101,242,000 after buying an additional 5,303 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Cohen & Steers by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock worth $92,749,000 after buying an additional 52,846 shares during the period. Geode Capital Management LLC increased its position in shares of Cohen & Steers by 4.9% in the third quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager's stock worth $68,071,000 after acquiring an additional 33,414 shares in the last quarter. Finally, Congress Asset Management Co. raised its stake in shares of Cohen & Steers by 22.0% in the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock valued at $48,763,000 after acquiring an additional 95,185 shares during the period. 51.47% of the stock is currently owned by institutional investors and hedge funds.

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Cohen & Steers Price Performance

NYSE CNS traded up $0.39 during trading hours on Wednesday, hitting $81.08. The company had a trading volume of 118,759 shares, compared to its average volume of 230,078. The firm's 50 day moving average is $84.29 and its 200 day moving average is $92.41. Cohen & Steers, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $110.67. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 27.30 and a beta of 1.55.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its earnings results 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 net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.62 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.06%. 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%.

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.