Hsbc Holdings PLC Increases Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

Hsbc Holdings PLC boosted its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,275 shares of the asset manager's stock after acquiring an additional 12,735 shares during the period. Hsbc Holdings PLC owned 0.16% of Cohen & Steers worth $7,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. bought a new position in shares of Cohen & Steers in the third quarter worth approximately $32,000. GAMMA Investing LLC grew its stake in Cohen & Steers by 19.5% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock worth $67,000 after buying an additional 119 shares in the last quarter. R Squared Ltd bought a new position in shares of Cohen & Steers in the 4th quarter worth $73,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cohen & Steers during the 4th quarter valued at $101,000. Finally, KBC Group NV raised its position in shares of Cohen & Steers by 27.4% during the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock valued at $130,000 after buying an additional 304 shares in the last quarter. Institutional investors own 51.47% of the company's stock.

Cohen & Steers Stock Up 2.2 %

Shares of NYSE CNS traded up $1.71 during trading hours on Friday, reaching $78.44. 158,531 shares of the stock traded hands, compared to its average volume of 203,547. The company has a market capitalization of $4.00 billion, a P/E ratio of 26.41 and a beta of 1.46. The company's 50-day simple moving average is $78.30 and its two-hundred day simple moving average is $88.98. Cohen & Steers, Inc. has a 52-week low of $67.09 and a 52-week high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 earnings per share 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 during the quarter, compared to the consensus estimate of $130.64 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.16%. Cohen & Steers's dividend payout ratio (DPR) is currently 81.05%.

Analysts Set New Price Targets

Separately, Evercore ISI reduced their target price on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock 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.