Bank of America Corp DE Buys 29,558 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Bank of America Corp DE raised its stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 26.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,485 shares of the asset manager's stock after acquiring an additional 29,558 shares during the quarter. Bank of America Corp DE owned approximately 0.28% of Cohen & Steers worth $12,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CNS. Raymond James Financial Inc. bought a new stake in shares of Cohen & Steers during the 4th quarter worth $44,737,000. Norges Bank bought a new position in shares of Cohen & Steers during the fourth quarter valued at about $34,166,000. Congress Asset Management Co. raised its stake in Cohen & Steers by 22.0% in the fourth quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock worth $48,763,000 after buying an additional 95,185 shares in the last quarter. Fisher Asset Management LLC grew its stake 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 worth $9,232,000 after acquiring an additional 93,566 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Cohen & Steers by 87.5% during the fourth quarter. JPMorgan Chase & Co. now owns 163,924 shares of the asset manager's stock valued at $15,137,000 after buying an additional 76,486 shares during the last quarter. Institutional investors and hedge funds own 51.47% of the company's stock.

Cohen & Steers Stock Down 0.2%

Shares of NYSE CNS traded down $0.13 during trading on Wednesday, hitting $77.76. The company had a trading volume of 3,382 shares, compared to its average volume of 201,934. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 26.23 and a beta of 1.39. Cohen & Steers, Inc. has a fifty-two week low of $67.09 and a fifty-two week high of $110.67. The stock has a fifty day simple moving average of $77.40 and a two-hundred day simple moving average of $86.48.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 earnings per share 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 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 quarter in the previous year, the business posted $0.68 earnings per share.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.19%. The ex-dividend date was Monday, May 12th. Cohen & Steers's dividend payout ratio is currently 81.05%.

Analyst Ratings Changes

Separately, Evercore ISI cut their target price on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company 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.