Alps Advisors Inc. Increases Stock Holdings in Cohen & Steers Inc (NYSE:CNS)

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

Several other institutional investors and hedge funds also recently bought and sold shares of CNS. Nisa Investment Advisors LLC raised its position in Cohen & Steers by 2.5% in the first quarter. Nisa Investment Advisors LLC now owns 6,684 shares of the asset manager's stock valued at $536,000 after purchasing an additional 165 shares during the period. Hunter Perkins Capital Management LLC raised its holdings in shares of Cohen & Steers by 1.1% in the 1st quarter. Hunter Perkins Capital Management LLC now owns 16,469 shares of the asset manager's stock valued at $1,322,000 after buying an additional 182 shares during the period. Mendel Capital Management LLC lifted its stake in Cohen & Steers by 4.3% during the 1st quarter. Mendel Capital Management LLC now owns 4,775 shares of the asset manager's stock worth $383,000 after acquiring an additional 196 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Cohen & Steers by 4.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,364 shares of the asset manager's stock valued at $495,000 after acquiring an additional 230 shares during the period. Finally, GAMMA Investing LLC grew its position in Cohen & Steers by 36.1% in the 1st quarter. GAMMA Investing LLC now owns 992 shares of the asset manager's stock valued at $80,000 after acquiring an additional 263 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CNS. Evercore ISI reduced their price target on shares of Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Bank of America started coverage on shares of Cohen & Steers in a research report on Monday, June 30th. They issued an "underperform" rating and a $67.00 price target for the company.

Cohen & Steers Stock Down 1.4%

NYSE CNS traded down $1.05 during trading hours on Friday, hitting $76.53. 191,063 shares of the company were exchanged, compared to its average volume of 202,966. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 2.55 and a beta of 1.32. The company has a 50 day moving average of $77.50 and a two-hundred day moving average of $81.28. Cohen & Steers Inc has a 52-week low of $68.99 and a 52-week high of $110.67.

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 the consensus estimate of $0.76 by ($0.01). Cohen & Steers had a net margin of 29.68% and a return on equity of 30.46%. The firm had revenue of $133.79 million during the quarter, compared to analyst estimates of $130.64 million. During the same period last year, the business earned $0.68 EPS.

Cohen & Steers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were given a dividend of $0.62 per share. The ex-dividend date was Monday, May 12th. This represents a $2.48 annualized dividend and a dividend yield of 3.24%. Cohen & Steers's dividend payout ratio (DPR) 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.