Gabelli Funds LLC raised its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS – Get Rating) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,500 shares of the asset manager’s stock after acquiring an additional 2,500 shares during the quarter. Gabelli Funds LLC owned approximately 0.11% of Cohen & Steers worth $3,389,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Cohen & Steers by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,553,153 shares of the asset manager’s stock worth $219,291,000 after acquiring an additional 42,839 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Cohen & Steers by 0.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,334,745 shares of the asset manager’s stock valued at $114,641,000 after purchasing an additional 7,600 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Cohen & Steers by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,220,428 shares of the asset manager’s stock valued at $78,791,000 after purchasing an additional 85,674 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cohen & Steers by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,015,390 shares of the asset manager’s stock valued at $65,554,000 after purchasing an additional 4,362 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in shares of Cohen & Steers by 15.2% in the 4th quarter. Copeland Capital Management LLC now owns 760,246 shares of the asset manager’s stock valued at $49,081,000 after purchasing an additional 100,579 shares during the last quarter. 47.37% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CNS has been the subject of several research reports. TheStreet downgraded Cohen & Steers from a “b-” rating to a “c+” rating in a report on Tuesday, May 16th. Evercore ISI reduced their target price on Cohen & Steers from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, April 13th. Finally, StockNews.com started coverage on Cohen & Steers in a report on Thursday, May 18th. They issued a “hold” rating for the company.
Cohen & Steers Stock Down 2.5 %
Cohen & Steers (NYSE:CNS – Get Rating) last posted its quarterly earnings data on Thursday, April 20th. The asset manager reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. The firm had revenue of $126.08 million during the quarter. Cohen & Steers had a return on equity of 52.35% and a net margin of 30.50%. The firm’s revenue was down 18.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 earnings per share.
Cohen & Steers Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Monday, May 15th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, May 12th. Cohen & Steers’s dividend payout ratio is presently 68.47%.
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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