Jefferies Financial Group Inc. Invests $707,000 in Cohen & Steers Inc (NYSE:CNS)

Key Points

• Jefferies Financial Group Inc. acquired 8,812 shares of Cohen & Steers Inc, totaling approximately $707,000, as stated in their latest SEC filing.
• Cohen & Steers announced a quarterly dividend of $0.62 per share, representing a 3.3% annual yield, with the ex-dividend date set for August 11th.
• Despite reporting a miss in EPS estimates for the last quarter, Cohen & Steers showed an 11.8% increase in revenue year-over-year.

Jefferies Financial Group Inc. bought a new stake in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,812 shares of the asset manager's stock, valued at approximately $707,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CNS. Fifth Third Bancorp lifted its holdings in shares of Cohen & Steers by 101.9% during 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cohen & Steers during the 4th quarter valued at $60,000. GAMMA Investing LLC lifted its holdings in shares of Cohen & Steers by 36.1% during the 1st quarter. GAMMA Investing LLC now owns 992 shares of the asset manager's stock valued at $80,000 after acquiring an additional 263 shares in the last quarter. Johnson Financial Group Inc. lifted its holdings in shares of Cohen & Steers by 926.0% during the 4th quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock valued at $91,000 after acquiring an additional 926 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Cohen & Steers by 755.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,471 shares of the asset manager's stock valued at $136,000 after acquiring an additional 1,299 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company's stock.

Cohen & Steers Price Performance

Cohen & Steers stock traded up $0.23 during midday trading on Friday, hitting $73.19. 238,377 shares of the stock were exchanged, compared to its average volume of 237,008. Cohen & Steers Inc has a 1 year low of $68.99 and a 1 year high of $110.67. The firm has a market cap of $3.73 billion, a P/E ratio of 23.23, a P/E/G ratio of 2.36 and a beta of 1.38. The company has a 50 day moving average price of $75.57 and a two-hundred day moving average price of $79.03.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its earnings results 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). The company had revenue of $135.32 million during the quarter, compared to the consensus estimate of $134.59 million. Cohen & Steers had a return on equity of 29.95% and a net margin of 29.82%. Cohen & Steers's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Monday, August 11th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $2.48 annualized dividend and a dividend yield of 3.4%. Cohen & Steers's payout ratio is 78.73%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CNS shares. Bank of America dropped their price target 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. 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.

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.