Ameriprise Financial Inc. Sells 49,194 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Ameriprise Financial Inc. cut its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 43.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,694 shares of the asset manager's stock after selling 49,194 shares during the quarter. Ameriprise Financial Inc. owned about 0.13% of Cohen & Steers worth $5,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNS. R Squared Ltd purchased a new position in Cohen & Steers in the fourth quarter valued at about $73,000. Johnson Financial Group Inc. lifted its holdings in Cohen & Steers by 926.0% during the 4th quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock worth $91,000 after buying an additional 926 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Cohen & Steers during the 4th quarter worth approximately $101,000. KBC Group NV lifted its holdings in Cohen & Steers by 27.4% during the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock worth $130,000 after buying an additional 304 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Cohen & Steers by 755.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,471 shares of the asset manager's stock worth $136,000 after purchasing an additional 1,299 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 report on Friday, April 11th.

Cohen & Steers Price Performance

Shares of CNS traded down $0.41 during trading hours on Thursday, hitting $77.51. 158,323 shares of the company were exchanged, compared to its average volume of 202,338. The company has a market capitalization of $3.95 billion, a PE ratio of 26.10 and a beta of 1.39. The firm has a fifty day simple moving average of $77.31 and a 200-day simple moving average of $86.23. Cohen & Steers, Inc. has a one year low of $67.87 and a one 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). The firm had revenue of $133.79 million for the quarter, compared to analyst estimates of $130.64 million. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. During the same period in the previous year, the business posted $0.68 EPS.

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a yield of 3.20%. Cohen & Steers's payout ratio is 81.05%.

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.