GAMMA Investing LLC Acquires 78,879 Shares of Cohen & Steers, Inc. (NYSE:CNS)

GAMMA Investing LLC grew its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 10,820.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,608 shares of the asset manager's stock after purchasing an additional 78,879 shares during the quarter. GAMMA Investing LLC owned approximately 0.16% of Cohen & Steers worth $6,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNS. Monument Capital Management grew its stake in shares of Cohen & Steers by 6.6% during the 4th quarter. Monument Capital Management now owns 2,998 shares of the asset manager's stock worth $277,000 after acquiring an additional 186 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Cohen & Steers by 4.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,364 shares of the asset manager's stock valued at $495,000 after purchasing an additional 230 shares during the last quarter. Legal & General Group Plc boosted its position in Cohen & Steers by 0.3% during the fourth quarter. Legal & General Group Plc now owns 83,671 shares of the asset manager's stock worth $7,726,000 after purchasing an additional 289 shares during the period. Bank of Montreal Can increased its stake in shares of Cohen & Steers by 9.6% in the fourth quarter. Bank of Montreal Can now owns 3,528 shares of the asset manager's stock worth $326,000 after purchasing an additional 310 shares in the last quarter. Finally, Snowden Capital Advisors LLC increased its stake in shares of Cohen & Steers by 5.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,771 shares of the asset manager's stock worth $625,000 after purchasing an additional 348 shares in the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock traded down $1.32 during trading hours on Wednesday, reaching $76.13. The company had a trading volume of 311,535 shares, compared to its average volume of 203,126. The business has a fifty day simple moving average of $76.73 and a 200 day simple moving average of $84.76. The firm has a market cap of $3.88 billion, a PE ratio of 25.63 and a beta of 1.35. Cohen & Steers, Inc. has a one year low of $68.99 and a one year high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $133.79 million during the quarter, compared to analysts' expectations 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 company posted $0.68 earnings per share.

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. This represents a $2.48 annualized dividend and a yield of 3.26%. The ex-dividend date was Monday, May 12th. Cohen & Steers's dividend payout ratio (DPR) is currently 81.05%.

Analyst Upgrades and Downgrades

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