Wasatch Advisors LP Has $173.45 Million Stake in Cohen & Steers, Inc. (NYSE:CNS)

Wasatch Advisors LP trimmed its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 38.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,878,421 shares of the asset manager's stock after selling 1,153,418 shares during the quarter. Wasatch Advisors LP owned 3.72% of Cohen & Steers worth $173,453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CNS. EAM Global Investors LLC acquired a new position in shares of Cohen & Steers in the fourth quarter worth $3,209,000. XTX Topco Ltd bought a new stake in shares of Cohen & Steers in the 4th quarter worth about $301,000. Barclays PLC raised its holdings in shares of Cohen & Steers by 11.6% during the fourth quarter. Barclays PLC now owns 56,664 shares of the asset manager's stock worth $5,233,000 after purchasing an additional 5,899 shares during the period. Townsquare Capital LLC grew its stake in Cohen & Steers by 16.4% during the 4th quarter. Townsquare Capital LLC now owns 32,256 shares of the asset manager's stock worth $2,979,000 after buying an additional 4,554 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Cohen & Steers in the 4th quarter worth approximately $44,737,000. 51.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Cohen & Steers Stock Down 4.0 %

NYSE CNS traded down $2.98 during midday trading on Monday, hitting $71.28. The company had a trading volume of 57,731 shares, compared to its average volume of 229,493. The firm has a fifty day simple moving average of $80.32 and a two-hundred day simple moving average of $90.37. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 24.00 and a beta of 1.46. Cohen & Steers, Inc. has a fifty-two week low of $67.09 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its earnings results on Wednesday, April 16th. The asset manager reported $0.75 EPS 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 return on equity of 33.13% and a net margin of 29.24%. During the same quarter in the previous year, the company posted $0.68 EPS.

Cohen & Steers Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.48%. 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 (DPR) is currently 83.50%.

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.