Aquatic Capital Management LLC Increases Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

Aquatic Capital Management LLC increased its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 610.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,147 shares of the asset manager's stock after acquiring an additional 20,747 shares during the period. Aquatic Capital Management LLC's holdings in Cohen & Steers were worth $2,230,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Cohen & Steers by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager's stock worth $306,539,000 after acquiring an additional 22,012 shares during the last quarter. Copeland Capital Management LLC grew 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 worth $101,242,000 after purchasing an additional 5,303 shares during the period. Charles Schwab Investment Management Inc. grew its position in Cohen & Steers by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock worth $92,749,000 after purchasing an additional 52,846 shares during the period. Invesco Ltd. grew its position in Cohen & Steers by 5.8% in the 4th quarter. Invesco Ltd. now owns 883,805 shares of the asset manager's stock worth $81,611,000 after purchasing an additional 48,683 shares during the period. Finally, Geode Capital Management LLC grew its position in Cohen & Steers by 2.2% in the 4th 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 during the period. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Stock Performance

NYSE:CNS opened at $76.20 on Tuesday. Cohen & Steers, Inc. has a 12 month low of $67.09 and a 12 month high of $110.67. The company has a 50 day simple moving average of $79.07 and a two-hundred day simple moving average of $89.63. The company has a market cap of $3.88 billion, a PE ratio of 25.66 and a beta of 1.46.

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

Cohen & Steers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were given a dividend of $0.62 per share. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. 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 3.25%. Cohen & Steers's payout ratio is presently 81.05%.

Analyst Ratings Changes

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

Cohen & Steers 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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