Millennium Management LLC Acquires Shares of 15,924 Cohen & Steers, Inc. (NYSE:CNS)

Millennium Management LLC bought a new position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,924 shares of the asset manager's stock, valued at approximately $1,470,000.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Cohen & Steers during the 4th quarter valued at approximately $44,737,000. Norges Bank acquired a new stake in Cohen & Steers during the 4th quarter valued at approximately $34,166,000. Congress Asset Management Co. lifted its stake in Cohen & Steers by 22.0% during the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock valued at $48,763,000 after acquiring an additional 95,185 shares during the period. Fisher Asset Management LLC lifted its stake in Cohen & Steers by 1,460.1% during the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager's stock valued at $9,232,000 after acquiring an additional 93,566 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Cohen & Steers by 87.5% during the 4th quarter. JPMorgan Chase & Co. now owns 163,924 shares of the asset manager's stock valued at $15,137,000 after acquiring an additional 76,486 shares during the period. Hedge funds and other institutional investors own 51.47% of the company's stock.

Cohen & Steers Stock Performance

Shares of CNS traded up $1.15 during trading hours on Friday, hitting $76.25. The stock had a trading volume of 198,296 shares, compared to its average volume of 202,501. The firm has a 50-day moving average price of $76.80 and a 200 day moving average price of $85.21. Cohen & Steers, Inc. has a fifty-two week low of $67.96 and a fifty-two week high of $110.67. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 25.67 and a beta of 1.35.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its earnings results on Wednesday, April 16th. The asset manager reported $0.75 earnings per share (EPS) 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 firm had revenue of $133.79 million during the quarter, compared to analyst estimates of $130.64 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share.

Cohen & Steers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Monday, May 12th. Cohen & Steers's dividend payout ratio is currently 81.05%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI decreased their price objective on shares of Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company 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.