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

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

Several other large investors have also recently added to or reduced their stakes in CNS. Barclays PLC boosted its holdings in shares of Cohen & Steers by 286.1% in the 3rd quarter. Barclays PLC now owns 50,765 shares of the asset manager's stock worth $4,871,000 after acquiring an additional 37,616 shares in the last quarter. KBC Group NV raised its position in Cohen & Steers by 27.4% in the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock valued at $130,000 after purchasing an additional 304 shares during the last quarter. R Squared Ltd acquired a new position in Cohen & Steers in the fourth quarter worth $73,000. Copeland Capital Management LLC grew its holdings 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 worth $101,242,000 after purchasing an additional 5,303 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cohen & Steers by 21.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,391 shares of the asset manager's stock worth $1,810,000 after purchasing an additional 3,366 shares during the last quarter. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Price Performance

CNS opened at $77.80 on Thursday. The stock has a market capitalization of $3.97 billion, a P/E ratio of 26.19 and a beta of 1.39. The company's 50 day simple moving average is $77.61 and its 200-day simple moving average is $87.27. Cohen & Steers, Inc. has a one year low of $67.09 and a one year 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 (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm had revenue of $133.79 million for the quarter, compared to analyst estimates 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 posted $0.68 EPS.

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 12th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.19%. The ex-dividend date is Monday, May 12th. Cohen & Steers's dividend payout ratio is 81.05%.

Analysts Set New Price Targets

Separately, Evercore ISI cut their price target 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 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.

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