XTX Topco Ltd Increases Stock Position in Cohen & Steers Inc (NYSE:CNS)

XTX Topco Ltd lifted its stake in Cohen & Steers Inc (NYSE:CNS - Free Report) by 184.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,281 shares of the asset manager's stock after purchasing an additional 6,016 shares during the period. XTX Topco Ltd's holdings in Cohen & Steers were worth $745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of Cohen & Steers in the 4th quarter worth about $44,737,000. Congress Asset Management Co. increased its stake in shares of Cohen & Steers by 24.3% in the 1st 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 in the last quarter. GAMMA Investing LLC increased its stake in shares of Cohen & Steers by 10,820.2% in the 1st quarter. GAMMA Investing LLC now owns 79,608 shares of the asset manager's stock worth $6,389,000 after acquiring an additional 78,879 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cohen & Steers by 87.5% in the 4th quarter. JPMorgan Chase & Co. now owns 163,924 shares of the asset manager's stock worth $15,137,000 after acquiring an additional 76,486 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Cohen & Steers in the 4th quarter worth about $4,923,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Trading Up 0.8%

NYSE:CNS traded up $0.61 on Friday, reaching $73.57. 63,225 shares of the stock traded hands, compared to its average volume of 208,778. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 2.41 and a beta of 1.38. Cohen & Steers Inc has a 12 month low of $68.99 and a 12 month high of $110.67. The company's fifty day simple moving average is $75.64 and its 200 day simple moving average is $79.14.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The asset manager reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The firm had revenue of $135.32 million for the quarter, compared to the consensus estimate of $134.59 million. Cohen & Steers had a net margin of 29.82% and a return on equity of 29.95%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Monday, August 11th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, August 11th. Cohen & Steers's dividend payout ratio (DPR) is presently 78.73%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CNS. Evercore ISI decreased 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 note on Friday, April 11th. Bank of America reduced their price objective on shares of Cohen & Steers from $67.00 to $66.00 and set an "underperform" rating for the company in a research note on Monday, July 21st.

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.