Victory Capital Management Inc. Sells 124,085 Shares of Cohen & Steers Inc (NYSE:CNS)

Victory Capital Management Inc. lowered its stake in Cohen & Steers Inc (NYSE:CNS - Free Report) by 11.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 995,795 shares of the asset manager's stock after selling 124,085 shares during the period. Victory Capital Management Inc. owned 1.95% of Cohen & Steers worth $79,913,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Pillar Financial Advisors LLC raised its position in shares of Cohen & Steers by 125.0% in the first quarter. Pillar Financial Advisors LLC now owns 14,008 shares of the asset manager's stock valued at $1,124,000 after purchasing an additional 7,781 shares during the period. Norges Bank bought a new stake in shares of Cohen & Steers in the fourth quarter worth approximately $34,166,000. GAMMA Investing LLC lifted its holdings in shares of Cohen & Steers by 36.1% in the first quarter. GAMMA Investing LLC now owns 992 shares of the asset manager's stock worth $80,000 after buying an additional 263 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Cohen & Steers during the fourth quarter valued at $536,000. Finally, Wells Fargo & Company MN grew its holdings in Cohen & Steers by 8.8% during the 4th quarter. Wells Fargo & Company MN now owns 49,090 shares of the asset manager's stock worth $4,533,000 after acquiring an additional 3,961 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company's stock.

Cohen & Steers Stock Performance

Shares of CNS opened at $75.65 on Friday. The stock has a market capitalization of $3.86 billion, a PE ratio of 24.72, a PEG ratio of 2.49 and a beta of 1.32. The company has a 50 day moving average price of $77.27 and a 200-day moving average price of $80.67. Cohen & Steers Inc has a fifty-two week low of $68.99 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The asset manager reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $135.32 million during the quarter, compared to analysts' expectations of $134.59 million. Cohen & Steers had a net margin of 29.68% and a return on equity of 30.46%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $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 paid a $0.62 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a yield of 3.28%. Cohen & Steers's dividend payout ratio is currently 81.05%.

Analyst Ratings Changes

CNS has been the topic of several research analyst reports. Bank of America began coverage on shares of Cohen & Steers in a report on Monday, June 30th. They issued an "underperform" rating and a $67.00 price objective on the stock. Evercore ISI decreased their target price on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company in a research report on Friday, April 11th.

Cohen & Steers 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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