Barclays PLC Raises Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

Barclays PLC boosted its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 11.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 56,664 shares of the asset manager's stock after purchasing an additional 5,899 shares during the period. Barclays PLC owned approximately 0.11% of Cohen & Steers worth $5,233,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Cohen & Steers during the fourth quarter worth about $44,737,000. Norges Bank acquired a new stake in Cohen & Steers during the 4th quarter worth approximately $34,166,000. Lord Abbett & CO. LLC purchased a new position in shares of Cohen & Steers in the 3rd quarter valued at approximately $23,988,000. Congress Asset Management Co. grew its stake in shares of Cohen & Steers by 22.0% in the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock valued at $48,763,000 after purchasing an additional 95,185 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Cohen & Steers by 1,460.1% in the fourth quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager's stock valued at $9,232,000 after purchasing an additional 93,566 shares during the period. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Stock Up 1.6 %

NYSE CNS traded up $1.26 during trading hours on Friday, hitting $77.99. 14,534 shares of the stock were exchanged, compared to its average volume of 202,862. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 26.29 and a beta of 1.46. Cohen & Steers, Inc. has a 12-month low of $67.09 and a 12-month high of $110.67. The stock has a 50-day moving average of $78.47 and a 200 day moving average of $89.32.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results 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 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 analysts' expectations of $130.64 million. During the same period last year, the company posted $0.68 earnings per share.

Cohen & Steers Announces Dividend

The firm 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 $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.18%. Cohen & Steers's dividend payout ratio (DPR) is currently 81.05%.

Wall Street Analysts Forecast Growth

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

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.