Gamco Investors INC. ET AL Sells 22,287 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Gamco Investors INC. ET AL decreased its stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276,810 shares of the asset manager's stock after selling 22,287 shares during the period. Gamco Investors INC. ET AL owned 0.55% of Cohen & Steers worth $25,561,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Westside Investment Management Inc. purchased a new stake in shares of Cohen & Steers in the third quarter valued at about $32,000. GAMMA Investing LLC grew its holdings in Cohen & Steers by 19.5% during the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after buying an additional 119 shares during the last quarter. R Squared Ltd acquired a new position in Cohen & Steers in the 4th quarter valued at about $73,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Cohen & Steers during the fourth quarter valued at approximately $101,000. Finally, KBC Group NV boosted its holdings in shares of Cohen & Steers by 27.4% during the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock worth $130,000 after purchasing an additional 304 shares during the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

Shares of NYSE:CNS traded up $0.50 during midday trading on Friday, reaching $74.39. The company had a trading volume of 335,800 shares, compared to its average volume of 230,152. The stock has a market capitalization of $3.79 billion, a P/E ratio of 25.05 and a beta of 1.46. The stock's fifty day moving average price is $80.32 and its 200-day moving average price is $90.38. Cohen & Steers, Inc. has a one year low of $67.09 and a one year high of $110.67.

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

Cohen & Steers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.33%. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. Cohen & Steers's dividend payout ratio is presently 83.50%.

Wall Street Analyst Weigh In

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

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.