53,319 Shares in Cohen & Steers, Inc. (NYSE:CNS) Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC purchased a new stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,319 shares of the asset manager's stock, valued at approximately $4,923,000. Voloridge Investment Management LLC owned approximately 0.11% of Cohen & Steers as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Barclays PLC raised its stake in Cohen & Steers by 286.1% during the 3rd quarter. Barclays PLC now owns 50,765 shares of the asset manager's stock valued at $4,871,000 after purchasing an additional 37,616 shares during the period. KBC Group NV raised its stake in Cohen & Steers by 27.4% during 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 period. R Squared Ltd acquired a new stake in Cohen & Steers during the 4th quarter valued at $73,000. Copeland Capital Management LLC raised its stake in Cohen & Steers by 0.5% during the 4th quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager's stock valued at $101,242,000 after purchasing an additional 5,303 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Cohen & Steers by 21.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,391 shares of the asset manager's stock valued at $1,810,000 after purchasing an additional 3,366 shares during the period. Institutional investors own 51.47% of the company's stock.

Cohen & Steers Trading Down 0.5%

NYSE:CNS traded down $0.41 during trading hours on Thursday, hitting $77.51. 158,323 shares of the stock traded hands, compared to its average volume of 202,387. The firm has a 50 day moving average price of $77.38 and a 200 day moving average price of $86.42. Cohen & Steers, Inc. has a fifty-two week low of $67.09 and a fifty-two week high of $110.67. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 26.10 and a beta of 1.39.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly 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 net margin of 29.24% and a return on equity of 33.13%. The company had revenue of $133.79 million for the quarter, compared to analysts' expectations of $130.64 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, May 12th. Cohen & Steers's dividend payout ratio is currently 81.05%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI cut their target price on shares of Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock in a research note 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.