Tudor Investment Corp ET AL Takes $638,000 Position in Cohen & Steers, Inc. (NYSE:CNS)

Tudor Investment Corp ET AL purchased a new position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,904 shares of the asset manager's stock, valued at approximately $638,000.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Cohen & Steers by 19.5% in the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after buying an additional 119 shares in the last quarter. R Squared Ltd acquired a new position in Cohen & Steers during the 4th quarter worth about $73,000. Johnson Financial Group Inc. grew its holdings in Cohen & Steers by 926.0% during the 4th quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock worth $91,000 after acquiring an additional 926 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Cohen & Steers in the 4th quarter valued at about $101,000. Finally, KBC Group NV lifted its position in shares of Cohen & Steers by 27.4% during the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock worth $130,000 after purchasing an additional 304 shares in the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Cohen & Steers Price Performance

Shares of NYSE CNS traded down $0.41 during mid-day trading on Tuesday, hitting $82.46. The company's stock had a trading volume of 22,100 shares, compared to its average volume of 202,103. Cohen & Steers, Inc. has a one year low of $67.09 and a one year high of $110.67. The company's fifty day simple moving average is $77.58 and its 200-day simple moving average is $88.00. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 27.76 and a beta of 1.39.

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

Cohen & Steers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Monday, May 12th. Cohen & Steers's dividend payout ratio (DPR) is currently 81.05%.

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.