Versor Investments LP reduced its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS – Get Rating) by 50.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,800 shares of the asset manager’s stock after selling 7,870 shares during the quarter. Versor Investments LP’s holdings in Cohen & Steers were worth $504,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in CNS. Copeland Capital Management LLC grew its holdings in shares of Cohen & Steers by 15.2% during the fourth quarter. Copeland Capital Management LLC now owns 760,246 shares of the asset manager’s stock valued at $49,081,000 after buying an additional 100,579 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Cohen & Steers by 56.2% during the third quarter. Nuveen Asset Management LLC now owns 257,093 shares of the asset manager’s stock valued at $16,102,000 after purchasing an additional 92,483 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Cohen & Steers by 605.7% during the second quarter. Renaissance Technologies LLC now owns 102,412 shares of the asset manager’s stock valued at $6,512,000 after purchasing an additional 87,900 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Cohen & Steers by 7.5% during the third quarter. Victory Capital Management Inc. now owns 1,134,754 shares of the asset manager’s stock valued at $71,069,000 after purchasing an additional 78,809 shares in the last quarter. Finally, Eaton Vance Management lifted its position in shares of Cohen & Steers by 12.9% during the first quarter. Eaton Vance Management now owns 431,022 shares of the asset manager’s stock valued at $37,020,000 after purchasing an additional 49,397 shares in the last quarter. 47.37% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CNS has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Cohen & Steers in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Evercore ISI dropped their price target on shares of Cohen & Steers from $77.00 to $68.00 in a research report on Thursday.
Cohen & Steers Stock Down 0.5 %
Cohen & Steers (NYSE:CNS – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The asset manager reported $0.79 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.02). The firm had revenue of $125.34 million for the quarter, compared to analysts’ expectations of $120.45 million. Cohen & Steers had a net margin of 30.17% and a return on equity of 60.65%. Cohen & Steers’s revenue was down 21.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 EPS.
Cohen & Steers Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 16th. Investors of record on Monday, March 6th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 3rd. This represents a $2.28 annualized dividend and a yield of 3.71%. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.55. Cohen & Steers’s payout ratio is currently 65.71%.
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.
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