Oppenheimer Asset Management Inc. Raises Position in Cohen & Steers Inc (NYSE:CNS)

Oppenheimer Asset Management Inc. grew its holdings in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) by 21.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,903 shares of the asset manager's stock after buying an additional 5,037 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.06% of Cohen & Steers worth $2,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CNS. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cohen & Steers during the fourth quarter worth $60,000. Fifth Third Bancorp boosted its holdings in Cohen & Steers by 101.9% during the 1st quarter. Fifth Third Bancorp now owns 654 shares of the asset manager's stock worth $52,000 after acquiring an additional 330 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 263 shares during the last quarter. Johnson Financial Group Inc. grew its stake in shares of Cohen & Steers by 926.0% in the 4th quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock worth $91,000 after acquiring an additional 926 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Cohen & Steers in the 4th quarter worth $101,000. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 report on Friday, April 11th.

Cohen & Steers Trading Up 1.2%

Shares of CNS stock traded up $0.95 during trading on Friday, hitting $78.14. The company's stock had a trading volume of 298,258 shares, compared to its average volume of 201,787. The company has a market cap of $3.98 billion, a PE ratio of 25.54 and a beta of 1.35. The business has a fifty day moving average of $77.13 and a 200-day moving average of $82.59. Cohen & Steers Inc has a 52 week low of $68.99 and a 52 week high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted 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). The business 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 30.46% and a net margin of 29.68%. During the same period in the prior year, the firm posted $0.68 EPS.

Cohen & Steers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Monday, May 12th. Cohen & Steers's dividend payout ratio (DPR) is currently 81.05%.

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.