Cohen & Steers, Inc. (NYSE:CNS) Holdings Increased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 724,849 shares of the asset manager's stock after acquiring an additional 15,526 shares during the period. Geode Capital Management LLC owned about 1.43% of Cohen & Steers worth $66,946,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CNS. Raymond James Financial Inc. purchased a new stake in Cohen & Steers in the fourth quarter valued at approximately $44,737,000. Norges Bank purchased a new position in Cohen & Steers in the fourth quarter worth $34,166,000. Lord Abbett & CO. LLC acquired a new stake in Cohen & Steers in the third quarter valued at $23,988,000. Congress Asset Management Co. grew its stake in shares of Cohen & Steers by 22.0% during the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock worth $48,763,000 after purchasing an additional 95,185 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Cohen & Steers by 1,460.1% in the fourth quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager's stock valued at $9,232,000 after purchasing an additional 93,566 shares during the period. Hedge funds and other institutional investors own 51.47% of the company's stock.

Cohen & Steers Stock Up 0.7 %

Shares of CNS stock traded up $0.50 on Friday, reaching $74.39. 335,800 shares of the stock were exchanged, compared to its average volume of 237,440. The firm has a 50 day moving average of $80.55 and a two-hundred day moving average of $90.53. Cohen & Steers, Inc. has a 1-year low of $64.13 and a 1-year high of $110.67. The stock has a market cap of $3.79 billion, a P/E ratio of 25.05 and a beta of 1.46.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted 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). 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 period last year, the company posted $0.68 EPS.

Cohen & Steers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were given a dividend of $0.62 per share. This is a boost from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.48 annualized dividend and a dividend yield of 3.33%. Cohen & Steers's dividend payout ratio (DPR) is presently 83.50%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI dropped their target price on shares of 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.