Wells Fargo & Company MN Boosts Stake in Cohen & Steers, Inc. (NYSE:CNS)

Wells Fargo & Company MN grew its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,090 shares of the asset manager's stock after acquiring an additional 3,961 shares during the period. Wells Fargo & Company MN owned about 0.10% of Cohen & Steers worth $4,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Westside Investment Management Inc. purchased a new position in shares of Cohen & Steers during the third quarter valued at about $32,000. GAMMA Investing LLC increased its position in Cohen & Steers by 19.5% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after acquiring an additional 119 shares during the last quarter. R Squared Ltd purchased a new stake in Cohen & Steers in the 4th quarter worth about $73,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Cohen & Steers during the 4th quarter worth approximately $101,000. Finally, KBC Group NV increased its stake in Cohen & Steers by 27.4% in the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock worth $130,000 after buying an additional 304 shares during the period. 51.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Evercore ISI decreased their target price on 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 Price Performance

Cohen & Steers stock traded down $0.93 during trading hours on Friday, reaching $75.92. The stock had a trading volume of 20,677 shares, compared to its average volume of 204,327. The business's 50 day moving average price is $79.48 and its 200-day moving average price is $89.89. Cohen & Steers, Inc. has a 52 week low of $67.09 and a 52 week high of $110.67. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 25.54 and a beta of 1.46.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.01). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. The company had revenue of $133.79 million for the quarter, compared to analyst estimates of $130.64 million. During the same quarter last year, the company earned $0.68 EPS.

Cohen & Steers Increases Dividend

The firm also recently declared 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. The ex-dividend date was Monday, March 3rd. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 3.27%. Cohen & Steers's dividend payout ratio (DPR) is currently 81.05%.

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.