Brevan Howard Capital Management LP Takes Position in Cohen & Steers, Inc. (NYSE:CNS)

Brevan Howard Capital Management LP acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,096 shares of the asset manager's stock, valued at approximately $471,000.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Cohen & Steers by 19.5% during the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after purchasing an additional 119 shares during the last quarter. Monument Capital Management increased its holdings in shares of Cohen & Steers by 6.6% during the fourth quarter. Monument Capital Management now owns 2,998 shares of the asset manager's stock worth $277,000 after buying an additional 186 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Cohen & Steers by 4.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,364 shares of the asset manager's stock valued at $495,000 after acquiring an additional 230 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Cohen & Steers by 0.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 26,353 shares of the asset manager's stock valued at $2,433,000 after acquiring an additional 245 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Cohen & Steers by 0.3% during the 4th quarter. Legal & General Group Plc now owns 83,671 shares of the asset manager's stock worth $7,726,000 after acquiring an additional 289 shares during the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cohen & Steers Stock Performance

CNS stock opened at $80.21 on Friday. The company has a market capitalization of $4.09 billion, a P/E ratio of 27.01 and a beta of 1.39. The company has a fifty day moving average price of $77.59 and a 200-day moving average price of $88.29. Cohen & Steers, Inc. has a 52-week low of $67.09 and a 52-week high of $110.67.

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

Cohen & Steers Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, May 12th. This represents a $2.48 annualized dividend and a yield of 3.09%. Cohen & Steers's payout ratio is 81.05%.

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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