Raymond James Financial Inc. Invests $44.74 Million in Cohen & Steers, Inc. (NYSE:CNS)

Raymond James Financial Inc. acquired a new position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 484,476 shares of the asset manager's stock, valued at approximately $44,737,000. Raymond James Financial Inc. owned 0.96% of Cohen & Steers as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in CNS. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 22,012 shares in the last quarter. State Street Corp grew its stake in Cohen & Steers by 0.8% during the 3rd 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 in the last quarter. Copeland Capital Management LLC increased its holdings in shares of Cohen & Steers by 0.5% in the 4th quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager's stock valued at $101,242,000 after purchasing an additional 5,303 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 worth $92,749,000 after purchasing an additional 52,846 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Cohen & Steers by 5.8% during the fourth quarter. Invesco Ltd. now owns 883,805 shares of the asset manager's stock worth $81,611,000 after purchasing an additional 48,683 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cohen & Steers Trading Up 0.7 %

CNS stock traded up $0.50 during mid-day trading on Friday, hitting $74.39. The stock had a trading volume of 335,800 shares, compared to its average volume of 230,152. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 25.05 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 company has a fifty day moving average of $80.32 and a 200 day moving average of $90.37.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued 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). The business had revenue of $133.79 million for the quarter, compared to the consensus estimate of $130.64 million. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. During the same period in the previous year, the business posted $0.68 EPS.

Cohen & Steers Increases Dividend

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

Cohen & Steers Company 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.