Voloridge Investment Management LLC Invests $4.92 Million in Cohen & Steers, Inc. (NYSE:CNS)

Voloridge Investment Management LLC purchased a new position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 53,319 shares of the asset manager's stock, valued at approximately $4,923,000. Voloridge Investment Management LLC owned about 0.11% of Cohen & Steers at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings 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 valued at $306,539,000 after acquiring an additional 22,012 shares during the period. Copeland Capital Management LLC raised its holdings 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 worth $101,242,000 after buying an additional 5,303 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Cohen & Steers by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock worth $92,749,000 after buying an additional 52,846 shares during the period. Invesco Ltd. raised its holdings in Cohen & Steers by 5.8% during the 4th quarter. Invesco Ltd. now owns 883,805 shares of the asset manager's stock worth $81,611,000 after buying an additional 48,683 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Cohen & Steers by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 724,849 shares of the asset manager's stock worth $66,946,000 after buying an additional 15,526 shares during the period. Institutional investors own 51.47% of the company's stock.

Cohen & Steers Stock Performance

Shares of NYSE CNS traded down $0.57 during trading hours on Friday, hitting $76.89. The stock had a trading volume of 155,314 shares, compared to its average volume of 202,361. The company has a market capitalization of $3.92 billion, a P/E ratio of 25.89 and a beta of 1.39. The firm's 50-day moving average price is $77.23 and its two-hundred day moving average price is $85.96. Cohen & Steers, Inc. has a 52 week low of $67.96 and a 52 week high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. The business had revenue of $133.79 million for the quarter, compared to analyst estimates of $130.64 million. During the same quarter last year, the firm earned $0.68 earnings per share.

Cohen & Steers Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, May 12th. This represents a $2.48 annualized dividend and a yield of 3.23%. Cohen & Steers's dividend payout ratio is currently 81.05%.

Wall Street Analyst Weigh In

Separately, Evercore ISI reduced their price target on shares of Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company in a research report on Friday, April 11th.

About Cohen & Steers

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.