Boston Trust Walden Corp lessened its holdings in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 911,431 shares of the asset manager's stock after selling 9,152 shares during the period. Boston Trust Walden Corp owned approximately 1.79% of Cohen & Steers worth $73,142,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Cohen & Steers by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager's stock valued at $306,539,000 after purchasing an additional 22,012 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cohen & Steers by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock valued at $92,749,000 after purchasing an additional 52,846 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Cohen & Steers by 5.8% during the 4th quarter. Invesco Ltd. now owns 883,805 shares of the asset manager's stock valued at $81,611,000 after purchasing an additional 48,683 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cohen & Steers by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 724,849 shares of the asset manager's stock valued at $66,946,000 after purchasing an additional 15,526 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in shares of Cohen & Steers by 24.3% during the 1st quarter. Congress Asset Management Co. now owns 656,397 shares of the asset manager's stock valued at $52,676,000 after purchasing an additional 128,315 shares in the last quarter. Institutional investors own 51.47% of the company's stock.
Cohen & Steers Stock Up 0.5%
NYSE:CNS opened at $74.37 on Thursday. Cohen & Steers Inc has a twelve month low of $68.99 and a twelve month high of $110.67. The business has a 50 day moving average price of $76.92 and a two-hundred day moving average price of $83.66. The company has a market cap of $3.79 billion, a P/E ratio of 24.30 and a beta of 1.35.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). Cohen & Steers had a return on equity of 30.46% and a net margin of 29.68%. The company had revenue of $133.79 million for the quarter, compared to the consensus estimate of $130.64 million. During the same quarter in the prior year, the company earned $0.68 EPS.
Cohen & Steers Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Monday, May 12th. Cohen & Steers's payout ratio is presently 81.05%.
Wall Street Analyst Weigh In
Separately, Evercore ISI cut their price objective on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock in a report on Friday, April 11th.
Check Out Our Latest Analysis on Cohen & Steers
Cohen & Steers Profile
(
Free Report)
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.
Further Reading
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