Cohen & Steers, Inc. (NYSE:CNS) Shares Acquired by Invesco Ltd.

Invesco Ltd. grew its stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 883,805 shares of the asset manager's stock after purchasing an additional 48,683 shares during the quarter. Invesco Ltd. owned approximately 1.75% of Cohen & Steers worth $81,611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CNS. Westside Investment Management Inc. purchased a new position in Cohen & Steers in the 3rd quarter valued at about $32,000. GAMMA Investing LLC raised its holdings in shares of Cohen & Steers by 19.5% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after acquiring an additional 119 shares during the last quarter. R Squared Ltd purchased a new position in shares of Cohen & Steers in the fourth quarter valued at approximately $73,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Cohen & Steers in the fourth quarter worth approximately $101,000. Finally, KBC Group NV increased its position 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 in the last quarter. Hedge funds and other institutional investors own 51.47% of the company's stock.

Cohen & Steers Price Performance

NYSE CNS traded up $0.50 during trading hours on Friday, hitting $74.39. 335,800 shares of the company's stock traded hands, compared to its average volume of 237,440. The company has a market capitalization of $3.79 billion, a PE ratio of 25.05 and a beta of 1.46. Cohen & Steers, Inc. has a 52-week low of $64.13 and a 52-week high of $110.67. The firm's 50-day moving average is $80.55 and its 200-day moving average is $90.53.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly 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 net margin of 29.24% and a return on equity of 33.13%. The company had revenue of $133.79 million during the quarter, compared to analysts' expectations of $130.64 million. During the same quarter last year, the company earned $0.68 earnings per share.

Cohen & Steers Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Evercore ISI decreased their price objective on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock in a report 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.