Teacher Retirement System of Texas Cuts Holdings in Cohen & Steers Inc (NYSE:CNS)

Teacher Retirement System of Texas reduced its position in Cohen & Steers Inc (NYSE:CNS - Free Report) by 38.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,801 shares of the asset manager's stock after selling 8,135 shares during the quarter. Teacher Retirement System of Texas' holdings in Cohen & Steers were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CNS. Vanguard Group Inc. raised 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 valued at $306,539,000 after purchasing an additional 22,012 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 worth $81,611,000 after acquiring an additional 48,683 shares during the last quarter. 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 worth $66,946,000 after acquiring an additional 15,526 shares during the last quarter. Congress Asset Management Co. increased its position in shares of Cohen & Steers by 24.3% during the first quarter. Congress Asset Management Co. now owns 656,397 shares of the asset manager's stock worth $52,676,000 after acquiring an additional 128,315 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Cohen & Steers during the fourth quarter worth about $44,737,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Trading Down 1.4%

Shares of NYSE CNS opened at $76.53 on Monday. The stock has a 50 day simple moving average of $77.46 and a 200-day simple moving average of $80.99. The company has a market cap of $3.90 billion, a PE ratio of 25.01, a P/E/G ratio of 2.52 and a beta of 1.32. Cohen & Steers Inc has a 12-month low of $68.99 and a 12-month high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its earnings results on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01). Cohen & Steers had a return on equity of 30.46% and a net margin of 29.68%. The firm had revenue of $133.79 million for the quarter, compared to the consensus estimate of $130.64 million. During the same period in the previous year, the firm earned $0.68 EPS.

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Monday, May 12th. Cohen & Steers's dividend payout ratio (DPR) is currently 81.05%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Bank of America initiated coverage on shares of Cohen & Steers in a research note on Monday, June 30th. They set an "underperform" rating and a $67.00 price objective on the stock. Evercore ISI lowered their price objective 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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