Occudo Quantitative Strategies LP Invests $350,000 in Cohen & Steers, Inc. (NYSE:CNS)

Occudo Quantitative Strategies LP purchased a new position in shares of 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 3,794 shares of the asset manager's stock, valued at approximately $350,000.

Several other hedge funds have also recently made changes to their positions in CNS. R Squared Ltd acquired a new position in shares of Cohen & Steers in the 4th quarter valued at $73,000. Johnson Financial Group Inc. increased its position in shares of Cohen & Steers by 926.0% in the 4th quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock valued at $91,000 after acquiring an additional 926 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Cohen & Steers in the 4th quarter valued at $101,000. KBC Group NV increased its position in shares of Cohen & Steers by 27.4% in the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock valued at $130,000 after acquiring an additional 304 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Cohen & Steers by 755.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,471 shares of the asset manager's stock valued at $136,000 after acquiring an additional 1,299 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

NYSE CNS opened at $83.62 on Friday. The stock's fifty day moving average price is $77.36 and its 200 day moving average price is $87.79. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 28.15 and a beta of 1.39. Cohen & Steers, Inc. has a 1 year low of $67.09 and a 1 year high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $133.79 million for the quarter, compared to analyst estimates of $130.64 million. Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. During the same period in the prior year, the business posted $0.68 earnings per share.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Monday, May 12th. Cohen & Steers's dividend payout ratio is currently 81.05%.

Analyst Ratings Changes

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

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