Deutsche Bank AG Increases Stake in Cohen & Steers, Inc. (NYSE:CNS)

Deutsche Bank AG grew its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 46.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,298 shares of the asset manager's stock after buying an additional 8,059 shares during the period. Deutsche Bank AG owned approximately 0.05% of Cohen & Steers worth $2,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Crestline Management LP purchased a new position in Cohen & Steers in the 4th quarter worth approximately $932,000. Cubist Systematic Strategies LLC purchased a new position in shares of Cohen & Steers in the fourth quarter worth $213,000. Brevan Howard Capital Management LP purchased a new stake in shares of Cohen & Steers during the fourth quarter valued at $471,000. Bank of America Corp DE increased its holdings in Cohen & Steers by 26.9% in the 4th quarter. Bank of America Corp DE now owns 139,485 shares of the asset manager's stock worth $12,880,000 after buying an additional 29,558 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Cohen & Steers in the 4th quarter worth about $248,000. Institutional investors own 51.47% of the company's stock.

Analysts Set New Price Targets

Separately, Evercore ISI reduced 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.

Cohen & Steers Trading Down 2.1%

NYSE:CNS opened at $76.08 on Friday. The company has a market cap of $3.88 billion, a PE ratio of 25.62 and a beta of 1.39. The company has a 50 day simple moving average of $77.55 and a two-hundred day simple moving average of $87.12. Cohen & Steers, Inc. has a 12 month low of $67.09 and a 12 month high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $133.79 million during the quarter, compared to the consensus estimate of $130.64 million. Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. During the same period in the previous year, the firm earned $0.68 EPS.

Cohen & Steers Announces Dividend

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 of this dividend was Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.26%. Cohen & Steers's dividend payout ratio 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.

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