Jane Street Group LLC Sells 6,745 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Jane Street Group LLC decreased its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,065 shares of the asset manager's stock after selling 6,745 shares during the period. Jane Street Group LLC's holdings in Cohen & Steers were worth $837,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Cohen & Steers during the fourth quarter worth about $73,000. Johnson Financial Group Inc. boosted its holdings in Cohen & Steers by 926.0% during the fourth quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock worth $91,000 after buying an additional 926 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Cohen & Steers during the fourth quarter worth about $101,000. KBC Group NV boosted its holdings in Cohen & Steers by 27.4% during the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock worth $130,000 after buying an additional 304 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its holdings in Cohen & Steers by 755.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,471 shares of the asset manager's stock worth $136,000 after buying an additional 1,299 shares during the last quarter. Institutional investors own 51.47% of the company's stock.

Cohen & Steers Trading Down 0.5%

Shares of NYSE:CNS traded down $0.41 during trading on Thursday, hitting $77.51. 158,323 shares of the company's stock traded hands, compared to its average volume of 202,338. Cohen & Steers, Inc. has a 52 week low of $67.87 and a 52 week high of $110.67. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 26.10 and a beta of 1.39. The company has a 50-day moving average price of $77.31 and a 200-day moving average price of $86.23.

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 the consensus estimate of $0.76 by ($0.01). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. The business had revenue of $133.79 million for the quarter, compared to the consensus estimate of $130.64 million. During the same quarter last year, the firm earned $0.68 EPS.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, May 12th. Cohen & Steers's dividend payout ratio (DPR) is presently 81.05%.

Wall Street Analysts Forecast Growth

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