Tidal Investments LLC Acquires 16,814 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Tidal Investments LLC lifted its stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 202.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,116 shares of the asset manager's stock after buying an additional 16,814 shares during the period. Tidal Investments LLC's holdings in Cohen & Steers were worth $2,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in Cohen & Steers by 3,638.5% during the 2nd quarter. Principal Financial Group Inc. now owns 130,774 shares of the asset manager's stock worth $9,489,000 after purchasing an additional 127,276 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Cohen & Steers by 20.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager's stock worth $46,934,000 after buying an additional 111,649 shares during the period. Hsbc Holdings PLC boosted its stake in Cohen & Steers by 91.1% during the second quarter. Hsbc Holdings PLC now owns 132,193 shares of the asset manager's stock worth $9,590,000 after acquiring an additional 63,019 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Cohen & Steers in the 2nd quarter valued at about $4,199,000. Finally, Renaissance Technologies LLC acquired a new position in Cohen & Steers during the 2nd quarter worth approximately $4,108,000. Institutional investors own 51.47% of the company's stock.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock traded down $0.60 during trading hours on Monday, reaching $98.44. The company had a trading volume of 153,548 shares, compared to its average volume of 219,899. The business has a fifty day simple moving average of $100.83 and a 200 day simple moving average of $88.71. Cohen & Steers, Inc. has a one year low of $64.13 and a one year high of $110.67. The firm has a market cap of $4.98 billion, a PE ratio of 36.73 and a beta of 1.52.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The company had revenue of $133.20 million during the quarter, compared to analyst estimates of $124.18 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Cohen & Steers's revenue was up 7.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.59 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.40%. Cohen & Steers's dividend payout ratio (DPR) is 88.06%.

Analyst Upgrades and Downgrades

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

About Cohen & Steers

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.