Cohen & Steers, Inc. (NYSE:CNS) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 46.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,298 shares of the asset manager's stock after buying an additional 8,059 shares during the quarter. Deutsche Bank AG owned 0.05% of Cohen & Steers worth $2,336,000 at the end of the most recent quarter.

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

Cohen & Steers Price Performance

Shares of CNS stock traded down $0.19 during trading hours on Wednesday, hitting $77.70. The company had a trading volume of 6,703 shares, compared to its average volume of 208,985. The company's fifty day moving average is $77.40 and its 200 day moving average is $86.48. Cohen & Steers, Inc. has a fifty-two week low of $67.09 and a fifty-two week high of $110.67. The stock has a market capitalization of $3.96 billion, a PE ratio of 26.16 and a beta of 1.39.

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 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 analyst estimates 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 business posted $0.68 EPS.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.19%. The ex-dividend date was Monday, May 12th. Cohen & Steers's payout ratio is 81.05%.

Wall Street Analyst Weigh In

Separately, Evercore ISI reduced their price target 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.

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.