Cohen & Steers, Inc. (NYSE:CNS) Plans Quarterly Dividend of $0.59

Cohen & Steers, Inc. (NYSE:CNS - Get Free Report) announced a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Monday, May 13th will be given a dividend of 0.59 per share by the asset manager on Thursday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, May 10th.

Cohen & Steers has increased its dividend payment by an average of 13.5% annually over the last three years and has raised its dividend every year for the last 15 years. Cohen & Steers has a payout ratio of 74.0% meaning its dividend is sufficiently covered by earnings.

Cohen & Steers Stock Performance

Cohen & Steers stock traded up $0.96 during midday trading on Friday, hitting $70.62. 189,903 shares of the company's stock were exchanged, compared to its average volume of 265,560. The company has a market cap of $3.50 billion, a PE ratio of 27.11 and a beta of 1.45. The firm has a 50-day moving average of $72.38 and a two-hundred day moving average of $67.24. Cohen & Steers has a 12 month low of $50.05 and a 12 month high of $78.58.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its earnings results on Thursday, April 18th. The asset manager reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01). The company had revenue of $122.71 million for the quarter, compared to the consensus estimate of $125.01 million. Cohen & Steers had a net margin of 26.27% and a return on equity of 36.96%. The firm's revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS.

Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their price target on shares of Cohen & Steers from $69.00 to $67.00 and set a "sell" rating for the company in a research report on Friday, April 12th.

Insider Buying and Selling

In other news, Director Richard P. Simon sold 6,942 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $71.76, for a total transaction of $498,157.92. Following the sale, the director now owns 24,973 shares in the company, valued at $1,792,062.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Cohen & Steers news, Director Edmond D. Villani sold 4,000 shares of Cohen & Steers stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $72.99, for a total transaction of $291,960.00. Following the completion of the sale, the director now directly owns 33,781 shares in the company, valued at approximately $2,465,675.19. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard P. Simon sold 6,942 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $71.76, for a total value of $498,157.92. Following the sale, the director now directly owns 24,973 shares in the company, valued at $1,792,062.48. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock worth $1,009,713 in the last ninety days. 47.60% of the stock is owned by insiders.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.

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