Wells Fargo & Company MN Purchases 3,961 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Wells Fargo & Company MN increased its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 8.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,090 shares of the asset manager's stock after buying an additional 3,961 shares during the period. Wells Fargo & Company MN owned about 0.10% of Cohen & Steers worth $4,533,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Cohen & Steers by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager's stock valued at $306,539,000 after buying an additional 22,012 shares during the last quarter. Copeland Capital Management LLC increased its position in Cohen & Steers by 0.5% in the 4th quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager's stock valued at $101,242,000 after acquiring an additional 5,303 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Cohen & Steers by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock valued at $92,749,000 after acquiring an additional 52,846 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Cohen & Steers by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 724,849 shares of the asset manager's stock worth $66,946,000 after purchasing an additional 15,526 shares in the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of Cohen & Steers by 22.0% during the fourth quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock valued at $48,763,000 after purchasing an additional 95,185 shares during the period. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Stock Performance

Shares of NYSE CNS traded up $2.26 during trading on Thursday, hitting $76.51. The company had a trading volume of 54,268 shares, compared to its average volume of 205,001. Cohen & Steers, Inc. has a 52 week low of $67.09 and a 52 week high of $110.67. The business's 50-day moving average is $79.65 and its 200 day moving average is $89.99. The company has a market cap of $3.90 billion, a P/E ratio of 25.76 and a beta of 1.46.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its earnings results on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. The firm had revenue of $133.79 million during the quarter, compared to analyst estimates of $130.64 million. During the same quarter in the previous year, the business earned $0.68 earnings per share.

Cohen & Steers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. Cohen & Steers's dividend payout ratio (DPR) is 81.05%.

Analyst Ratings Changes

Separately, Evercore ISI decreased their price objective on shares of Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company in a report on Friday, April 11th.

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.