Parallel Advisors LLC grew its position in Cohen & Steers, Inc. (NYSE:CNS – Get Rating) by 281.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,289 shares of the asset manager’s stock after purchasing an additional 951 shares during the quarter. Parallel Advisors LLC’s holdings in Cohen & Steers were worth $83,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of Cohen & Steers by 67.0% in the 3rd quarter. Van ECK Associates Corp now owns 481 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 193 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of Cohen & Steers by 24.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 1,084 shares of the asset manager’s stock valued at $69,000 after purchasing an additional 216 shares in the last quarter. Keybank National Association OH raised its holdings in shares of Cohen & Steers by 4.7% in the 3rd quarter. Keybank National Association OH now owns 6,860 shares of the asset manager’s stock valued at $430,000 after purchasing an additional 310 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Cohen & Steers by 14.0% in the 2nd quarter. Captrust Financial Advisors now owns 2,812 shares of the asset manager’s stock valued at $179,000 after purchasing an additional 346 shares in the last quarter. Finally, Congress Wealth Management LLC DE raised its holdings in shares of Cohen & Steers by 0.7% in the 3rd quarter. Congress Wealth Management LLC DE now owns 51,917 shares of the asset manager’s stock valued at $3,252,000 after purchasing an additional 354 shares in the last quarter. 47.37% of the stock is currently owned by institutional investors and hedge funds.
Cohen & Steers Price Performance
NYSE CNS opened at $57.91 on Wednesday. The firm’s fifty day moving average price is $64.23 and its 200 day moving average price is $65.95. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 17.39 and a beta of 1.34. Cohen & Steers, Inc. has a 12 month low of $52.34 and a 12 month high of $80.11.
Cohen & Steers Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Monday, March 6th were given a dividend of $0.57 per share. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.94%. The ex-dividend date was Friday, March 3rd. Cohen & Steers’s dividend payout ratio (DPR) is presently 68.47%.
Analyst Upgrades and Downgrades
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 issued a “hold” rating on the stock. Evercore ISI dropped their target price on shares of Cohen & Steers from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, April 13th.
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.
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