Pillar Financial Advisors LLC Acquires 7,781 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Pillar Financial Advisors LLC increased its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 125.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,008 shares of the asset manager's stock after purchasing an additional 7,781 shares during the quarter. Cohen & Steers accounts for 0.8% of Pillar Financial Advisors LLC's portfolio, making the stock its 19th biggest holding. Pillar Financial Advisors LLC's holdings in Cohen & Steers were worth $1,124,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Cohen & Steers by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager's stock worth $306,539,000 after buying an additional 22,012 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Cohen & Steers by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock valued at $92,749,000 after buying an additional 52,846 shares during the last quarter. Invesco Ltd. boosted its stake in Cohen & Steers by 5.8% during the fourth quarter. Invesco Ltd. now owns 883,805 shares of the asset manager's stock valued at $81,611,000 after buying an additional 48,683 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cohen & Steers by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 724,849 shares of the asset manager's stock valued at $66,946,000 after buying an additional 15,526 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in shares of Cohen & Steers by 24.3% in the 1st quarter. Congress Asset Management Co. now owns 656,397 shares of the asset manager's stock valued at $52,676,000 after purchasing an additional 128,315 shares during the last quarter. Institutional investors own 51.47% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI dropped their target price on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company in a report on Friday, April 11th.

Cohen & Steers Stock Performance

Shares of CNS stock opened at $76.25 on Friday. Cohen & Steers, Inc. has a 52-week low of $67.96 and a 52-week high of $110.67. The firm has a market capitalization of $3.89 billion, a P/E ratio of 25.67 and a beta of 1.35. The stock has a 50 day moving average price of $76.80 and a 200 day moving average price of $85.11.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results on Wednesday, April 16th. The asset manager reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). The firm had revenue of $133.79 million for the quarter, compared to the consensus estimate of $130.64 million. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. During the same period last year, the firm earned $0.68 earnings per share.

Cohen & Steers Dividend Announcement

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

Cohen & Steers Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.