Entropy Technologies LP Makes New Investment in Cohen & Steers Inc (NYSE:CNS)

Key Points

• Entropy Technologies LP has acquired 5,500 shares of **Cohen & Steers Inc** (NYSE:CNS), valued at approximately **$441,000** during the first quarter.
• Cohen & Steers has announced a quarterly dividend of **$0.62 per share**, payable on August 21st, which results in an annualized dividend yield of **3.2%**.
• Despite a revenue increase of **11.8%** year-over-year, Cohen & Steers reported an EPS of **$0.73**, missing analysts' expectations, leading to a price objective reduction by **Bank of America**.

Entropy Technologies LP bought a new stake in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,500 shares of the asset manager's stock, valued at approximately $441,000.

Several other institutional investors have also recently made changes to their positions in CNS. Fifth Third Bancorp grew its stake in Cohen & Steers by 101.9% in the 1st quarter. Fifth Third Bancorp now owns 654 shares of the asset manager's stock valued at $52,000 after acquiring an additional 330 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cohen & Steers during the 4th quarter worth $60,000. GAMMA Investing LLC boosted its stake in 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. boosted its stake in 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, New Age Alpha Advisors LLC acquired a new stake in Cohen & Steers during the 1st quarter worth $110,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America lowered their target price on shares of Cohen & Steers from $67.00 to $66.00 and set an "underperform" rating on the stock in a research note on Monday, July 21st.

Cohen & Steers Stock Down 2.2%

CNS traded down $1.69 on Friday, reaching $74.94. The company's stock had a trading volume of 176,898 shares, compared to its average volume of 233,207. The stock has a 50 day moving average of $75.56 and a two-hundred day moving average of $78.57. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 2.47 and a beta of 1.38. Cohen & Steers Inc has a fifty-two week low of $68.99 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The asset manager reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). Cohen & Steers had a net margin of 29.82% and a return on equity of 29.95%. The firm had revenue of $135.32 million during the quarter, compared to analyst estimates of $134.59 million. During the same period in the previous year, the company posted $0.68 earnings per share. Cohen & Steers's revenue was up 11.8% compared to the same quarter last year.

Cohen & Steers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Monday, August 11th will be given a $0.62 dividend. The ex-dividend date is Monday, August 11th. This represents a $2.48 annualized dividend and a yield of 3.3%. Cohen & Steers's dividend payout ratio is presently 78.73%.

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.