Copeland Capital Management LLC Trims Stake in Cohen & Steers Inc (NYSE:CNS)

Copeland Capital Management LLC lessened its stake in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) by 9.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 997,296 shares of the asset manager's stock after selling 99,104 shares during the period. Cohen & Steers comprises about 1.6% of Copeland Capital Management LLC's holdings, making the stock its 12th biggest position. Copeland Capital Management LLC owned about 1.96% of Cohen & Steers worth $80,033,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cohen & Steers during the 4th quarter worth approximately $60,000. Fifth Third Bancorp increased its stake in shares of Cohen & Steers by 101.9% during the 1st quarter. Fifth Third Bancorp now owns 654 shares of the asset manager's stock worth $52,000 after purchasing an additional 330 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Cohen & Steers by 36.1% during the 1st quarter. GAMMA Investing LLC now owns 992 shares of the asset manager's stock worth $80,000 after purchasing an additional 263 shares during the last quarter. Johnson Financial Group Inc. increased 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 worth $91,000 after purchasing an additional 926 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Cohen & Steers during the 4th quarter worth approximately $101,000. Institutional investors own 51.47% of the company's stock.

Cohen & Steers Trading Up 1.2%

Shares of NYSE CNS traded up $0.95 during midday trading on Friday, hitting $78.14. The company's stock had a trading volume of 298,258 shares, compared to its average volume of 200,024. The stock has a fifty day moving average price of $77.20 and a 200 day moving average price of $82.32. Cohen & Steers Inc has a one year low of $68.99 and a one year high of $110.67. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 25.54 and a beta of 1.35.

Cohen & Steers (NYSE:CNS - Get Free Report) last released 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). The company 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 29.68% and a return on equity of 30.46%. During the same quarter in the previous year, the firm posted $0.68 earnings per share.

Cohen & Steers Announces Dividend

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 $0.62 dividend. 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 3.17%. Cohen & Steers's dividend payout ratio (DPR) is currently 81.05%.

Analysts Set New Price Targets

Separately, Evercore ISI decreased their price target on shares of Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company 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.