Alps Advisors Inc. Purchases 5,101 Shares of Cohen & Steers Inc (NYSE:CNS)

Alps Advisors Inc. lifted its stake in Cohen & Steers Inc (NYSE:CNS - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,624 shares of the asset manager's stock after purchasing an additional 5,101 shares during the quarter. Alps Advisors Inc. owned 0.14% of Cohen & Steers worth $5,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of CNS. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Cohen & Steers by 15.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,500 shares of the asset manager's stock worth $877,000 after purchasing an additional 1,293 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Cohen & Steers in the 4th quarter worth about $414,000. Swiss National Bank raised its position in shares of Cohen & Steers by 0.9% in the 4th quarter. Swiss National Bank now owns 54,700 shares of the asset manager's stock worth $5,051,000 after purchasing an additional 500 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Cohen & Steers by 4.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,364 shares of the asset manager's stock worth $495,000 after purchasing an additional 230 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Cohen & Steers by 6.4% in the 4th quarter. Royce & Associates LP now owns 9,628 shares of the asset manager's stock worth $889,000 after purchasing an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company's stock.

Analysts Set New Price Targets

CNS has been the subject of several recent analyst reports. Bank of America initiated coverage on Cohen & Steers in a research report on Monday, June 30th. They issued an "underperform" rating and a $67.00 price target for the company. Evercore ISI decreased 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 Trading Up 0.2%

NYSE:CNS traded up $0.15 during mid-day trading on Monday, reaching $76.92. The company's stock had a trading volume of 212,162 shares, compared to its average volume of 205,502. Cohen & Steers Inc has a 12-month low of $68.99 and a 12-month high of $110.67. The firm's fifty day moving average price is $77.46 and its two-hundred day moving average price is $80.99. The stock has a market cap of $3.92 billion, a P/E ratio of 25.14, a PEG ratio of 2.52 and a beta of 1.32.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results 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). Cohen & Steers had a return on equity of 30.46% and a net margin of 29.68%. The business had revenue of $133.79 million during the quarter, compared to analysts' expectations of $130.64 million. During the same period last year, the firm posted $0.68 EPS.

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.62 per share. The ex-dividend date was Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.22%. Cohen & Steers's dividend 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.