Norges Bank Invests $34.17 Million in Cohen & Steers, Inc. (NYSE:CNS)

Norges Bank purchased a new position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 370,004 shares of the asset manager's stock, valued at approximately $34,166,000. Norges Bank owned about 0.73% of Cohen & Steers at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CNS. Vanguard Group Inc. boosted its holdings in Cohen & Steers by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager's stock valued at $306,539,000 after acquiring an additional 22,012 shares during the period. State Street Corp boosted its holdings in Cohen & Steers by 0.8% during the third quarter. State Street Corp now owns 1,098,165 shares of the asset manager's stock valued at $105,369,000 after acquiring an additional 8,774 shares during the period. Copeland Capital Management LLC lifted its stake in shares of Cohen & Steers by 0.5% in the fourth quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager's stock valued at $101,242,000 after buying an additional 5,303 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Cohen & Steers by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock valued at $92,749,000 after buying an additional 52,846 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Cohen & Steers by 4.9% in the third quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager's stock valued at $68,071,000 after buying an additional 33,414 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

Shares of NYSE CNS traded down $2.01 during mid-day trading on Thursday, hitting $74.99. The company had a trading volume of 23,395 shares, compared to its average volume of 220,638. The business's 50-day simple moving average is $82.22 and its 200-day simple moving average is $91.41. Cohen & Steers, Inc. has a 12 month low of $64.13 and a 12 month high of $110.67. The firm has a market cap of $3.82 billion, a P/E ratio of 25.25 and a beta of 1.46.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.31%. The ex-dividend date was Monday, March 3rd. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. Cohen & Steers's dividend payout ratio is 83.50%.

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.