UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 9,879 Shares of Cohen & Steers, Inc. (NYSE:CNS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,587 shares of the asset manager's stock after buying an additional 9,879 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Cohen & Steers worth $6,518,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CNS. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cohen & Steers during the 4th quarter valued at $60,000. Johnson Financial Group Inc. lifted its stake in shares of Cohen & Steers by 926.0% during the 4th quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock valued at $91,000 after buying an additional 926 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Cohen & Steers during the 4th quarter valued at $101,000. KBC Group NV lifted its stake in shares of Cohen & Steers by 27.4% during the 4th 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted 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 buying an additional 1,299 shares in the last quarter. Hedge funds and other institutional investors own 51.47% of the company's stock.

Cohen & Steers Stock Down 0.7%

CNS stock traded down $0.56 during mid-day trading on Thursday, hitting $75.19. The company had a trading volume of 138,582 shares, compared to its average volume of 202,256. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 25.31 and a beta of 1.39. Cohen & Steers, Inc. has a 12-month low of $67.96 and a 12-month high of $110.67. The company has a 50-day moving average price of $76.89 and a 200 day moving average price of $85.37.

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

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.30%. The ex-dividend date was Monday, May 12th. Cohen & Steers's payout ratio is currently 81.05%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI decreased 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 note on Friday, April 11th.

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.