BNP Paribas Financial Markets Cuts Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

BNP Paribas Financial Markets trimmed its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 66.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,907 shares of the asset manager's stock after selling 9,656 shares during the period. BNP Paribas Financial Markets' holdings in Cohen & Steers were worth $453,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Cohen & Steers in the fourth quarter worth $73,000. Johnson Financial Group Inc. increased its position in shares of Cohen & Steers by 926.0% during 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 in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Cohen & Steers in the fourth quarter worth approximately $101,000. KBC Group NV grew its position in Cohen & Steers by 27.4% during the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock valued at $130,000 after buying an additional 304 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its stake in shares of Cohen & Steers by 755.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,471 shares of the asset manager's stock valued at $136,000 after acquiring an additional 1,299 shares during the period. 51.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cohen & Steers Price Performance

Cohen & Steers stock traded down $0.61 during trading hours on Friday, hitting $76.86. 4,692 shares of the stock traded hands, compared to its average volume of 201,553. The firm's 50 day moving average price is $77.31 and its 200-day moving average price is $86.23. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 25.88 and a beta of 1.39. Cohen & Steers, Inc. has a 1 year low of $67.87 and a 1 year high of $110.67.

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

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were paid a $0.62 dividend. 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 3.23%. Cohen & Steers's dividend payout ratio is currently 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.