Crestline Management LP Makes New Investment in Cohen & Steers, Inc. (NYSE:CNS)

Crestline Management LP purchased a new stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,091 shares of the asset manager's stock, valued at approximately $932,000.

A number of other large investors have also recently added to or reduced their stakes in CNS. GAMMA Investing LLC lifted its stake 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 acquiring an additional 119 shares during the last quarter. R Squared Ltd acquired a new stake in Cohen & Steers in the fourth quarter valued at $73,000. Johnson Financial Group Inc. lifted its stake in Cohen & Steers by 926.0% in the fourth quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock valued at $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 fourth quarter valued at $101,000. Finally, KBC Group NV lifted its stake in Cohen & Steers by 27.4% in the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock valued at $130,000 after acquiring an additional 304 shares during the last quarter. Institutional investors and hedge funds own 51.47% of the company's stock.

Cohen & Steers Stock Up 1.1%

Shares of NYSE CNS traded up $0.93 during mid-day trading on Thursday, reaching $82.89. 28,117 shares of the company were exchanged, compared to its average volume of 201,910. The company's 50-day simple moving average is $77.40 and its 200-day simple moving average is $87.91. The stock has a market capitalization of $4.23 billion, a P/E ratio of 27.94 and a beta of 1.39. Cohen & Steers, Inc. has a twelve month low of $67.09 and a twelve month high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted 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). 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 quarter in the prior year, the business posted $0.68 EPS.

Cohen & Steers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Monday, May 12th. Cohen & Steers's dividend payout ratio (DPR) is 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 note 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.