Congress Asset Management Co. Raises Stake in Cohen & Steers, Inc. (NYSE:CNS)

Congress Asset Management Co. boosted its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 24.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 656,397 shares of the asset manager's stock after buying an additional 128,315 shares during the quarter. Congress Asset Management Co. owned approximately 1.29% of Cohen & Steers worth $52,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CNS. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cohen & Steers in the fourth quarter valued at approximately $60,000. Johnson Financial Group Inc. lifted its position in Cohen & Steers by 926.0% in the fourth quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock valued at $91,000 after purchasing an additional 926 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Cohen & Steers in the fourth quarter valued at approximately $101,000. KBC Group NV lifted its position in Cohen & Steers by 27.4% in the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock valued at $130,000 after purchasing an additional 304 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its position in Cohen & Steers by 755.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,471 shares of the asset manager's stock valued at $136,000 after purchasing an additional 1,299 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company's stock.

Cohen & Steers Stock Performance

Shares of CNS stock opened at $76.25 on Friday. Cohen & Steers, Inc. has a fifty-two week low of $67.96 and a fifty-two week high of $110.67. The stock has a 50 day moving average price of $76.80 and a two-hundred day moving average price of $85.21. The company has a market capitalization of $3.89 billion, a P/E ratio of 25.67 and a beta of 1.35.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its earnings results on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). The business had revenue of $133.79 million for the quarter, compared to the consensus estimate of $130.64 million. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. 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. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.25%. Cohen & Steers's dividend payout ratio is presently 81.05%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI lowered their price objective 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 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.

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