Nebula Research & Development LLC Invests $578,000 in Cohen & Steers, Inc. (NYSE:CNS)

Nebula Research & Development LLC acquired a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,258 shares of the asset manager's stock, valued at approximately $578,000.

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

Cohen & Steers Trading Up 2.2 %

NYSE:CNS traded up $1.71 on Friday, hitting $78.44. 158,531 shares of the company's stock traded hands, compared to its average volume of 203,547. The company has a market cap of $4.00 billion, a PE ratio of 26.41 and a beta of 1.46. Cohen & Steers, Inc. has a 1 year low of $67.09 and a 1 year high of $110.67. The firm has a 50-day moving average price of $78.30 and a 200-day moving average price of $88.98.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $130.64 million. During the same quarter in the prior year, the company posted $0.68 EPS.

Cohen & Steers Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Evercore ISI cut their price target on shares of Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock in a report on Friday, April 11th.

Cohen & Steers 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.