Teacher Retirement System of Texas Takes Position in Cohen & Steers, Inc. (NYSE:CNS)

Teacher Retirement System of Texas bought a new position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,936 shares of the asset manager's stock, valued at approximately $1,933,000.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Cohen & Steers by 19.5% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after buying an additional 119 shares in the last quarter. Monument Capital Management increased its holdings in shares of Cohen & Steers by 6.6% during the 4th quarter. Monument Capital Management now owns 2,998 shares of the asset manager's stock worth $277,000 after buying an additional 186 shares during the last quarter. MML Investors Services LLC raised its position in shares of Cohen & Steers by 4.8% during the 3rd quarter. MML Investors Services LLC now owns 5,045 shares of the asset manager's stock valued at $484,000 after buying an additional 229 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Cohen & Steers by 4.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,364 shares of the asset manager's stock valued at $495,000 after purchasing an additional 230 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Cohen & Steers by 0.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 26,353 shares of the asset manager's stock worth $2,433,000 after purchasing an additional 245 shares during the period. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

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Cohen & Steers Stock Up 2.4 %

NYSE CNS traded up $1.87 on Monday, reaching $80.43. The stock had a trading volume of 221,642 shares, compared to its average volume of 229,888. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 27.08 and a beta of 1.55. The stock has a fifty day moving average price of $84.57 and a two-hundred day moving average price of $92.57. 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 announced its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 issued a $0.62 dividend. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Monday, March 3rd. Cohen & Steers's dividend payout ratio is presently 83.50%.

Cohen & Steers 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.