Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,129,375 shares of the asset manager's stock after selling 61,647 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.23% of Cohen & Steers worth $104,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CNS. First Trust Advisors LP raised its position in shares of Cohen & Steers by 426.0% in the fourth quarter. First Trust Advisors LP now owns 41,960 shares of the asset manager's stock valued at $3,875,000 after buying an additional 33,983 shares during the last quarter. EAM Global Investors LLC acquired a new position in Cohen & Steers in the 4th quarter valued at $3,209,000. XTX Topco Ltd purchased a new position in shares of Cohen & Steers during the 4th quarter worth $301,000. Barclays PLC boosted its holdings in shares of Cohen & Steers by 11.6% during the fourth quarter. Barclays PLC now owns 56,664 shares of the asset manager's stock worth $5,233,000 after purchasing an additional 5,899 shares during the last quarter. Finally, Townsquare Capital LLC grew its position in shares of Cohen & Steers by 16.4% in the fourth quarter. Townsquare Capital LLC now owns 32,256 shares of the asset manager's stock valued at $2,979,000 after purchasing an additional 4,554 shares during the period. Institutional investors and hedge funds own 51.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI cut their price objective on shares of 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 Stock Up 2.7 %

Shares of CNS stock traded up $2.05 on Friday, reaching $78.78. 31,368 shares of the stock were exchanged, compared to its average volume of 202,924. The stock has a market cap of $4.02 billion, a P/E ratio of 26.53 and a beta of 1.46. The firm has a 50 day moving average of $78.47 and a two-hundred day moving average of $89.32. Cohen & Steers, Inc. has a 1-year low of $67.09 and a 1-year high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). The firm had revenue of $133.79 million during the quarter, compared to analysts' expectations 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 last year, the business earned $0.68 earnings per share.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.15%. Cohen & Steers's payout ratio is currently 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.