Point72 Asset Management L.P. Takes Position in Cohen & Steers, Inc. (NYSE:CNS)

Point72 Asset Management L.P. bought a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,200 shares of the asset manager's stock, valued at approximately $1,219,000.

Several other large investors have also recently made changes to their positions in CNS. Vanguard Group Inc. lifted its position in shares of Cohen & Steers by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager's stock worth $306,539,000 after acquiring an additional 22,012 shares in the last quarter. Copeland Capital Management LLC increased its position in shares of Cohen & Steers by 0.5% during the fourth quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager's stock valued at $101,242,000 after buying an additional 5,303 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of 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 period. Invesco Ltd. increased its position in shares of 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 period. Finally, Geode Capital Management LLC increased its position in shares of 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 period. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Price Performance

Shares of CNS traded up $1.43 during midday trading on Tuesday, hitting $77.18. 11,121 shares of the company traded hands, compared to its average volume of 202,039. The stock has a 50-day moving average of $77.42 and a 200-day moving average of $86.54. Cohen & Steers, Inc. has a one year low of $67.09 and a one year high of $110.67. The firm has a market cap of $3.93 billion, a P/E ratio of 25.96 and a beta of 1.39.

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 (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm 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 33.13% and a net margin of 29.24%. During the same period in the prior year, the company earned $0.68 EPS.

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Monday, May 12th. Cohen & Steers's payout ratio is currently 81.05%.

Analysts Set New Price Targets

Separately, Evercore ISI decreased their price target on 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 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.