XTX Topco Ltd Buys 6,016 Shares of Cohen & Steers Inc (NYSE:CNS)

XTX Topco Ltd grew its stake in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) by 184.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,281 shares of the asset manager's stock after buying 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CNS. Pillar Financial Advisors LLC grew its holdings 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 in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Cohen & Steers by 21.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 28,903 shares of the asset manager's stock worth $2,319,000 after buying an additional 5,037 shares during the period. GAMMA Investing LLC boosted its stake in Cohen & Steers by 36.1% during 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 during the period. Wells Fargo & Company MN boosted its stake in Cohen & Steers by 8.8% during the fourth quarter. Wells Fargo & Company MN now owns 49,090 shares of the asset manager's stock worth $4,533,000 after buying an additional 3,961 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Cohen & Steers by 87.5% during the fourth quarter. JPMorgan Chase & Co. now owns 163,924 shares of the asset manager's stock worth $15,137,000 after buying an additional 76,486 shares during the period. Institutional investors own 51.47% of the company's stock.

Cohen & Steers Trading Up 2.2%

Shares of CNS opened at $73.81 on Tuesday. The firm has a fifty day moving average price of $75.87 and a 200-day moving average price of $79.31. The firm has a market capitalization of $3.76 billion, a P/E ratio of 23.43, a P/E/G ratio of 2.33 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.

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 the consensus estimate of $0.75 by ($0.02). The firm had revenue of $135.32 million during 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 30.36%. The business's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share.

Cohen & Steers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Monday, August 11th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, August 11th. Cohen & Steers's payout ratio is presently 78.73%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CNS shares. Bank of America lowered their target price 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. Evercore ISI lowered their target price 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.

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.

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