3,265 Shares in Cohen & Steers, Inc. (NYSE:CNS) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,265 shares of the asset manager's stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CNS. Raymond James Financial Inc. purchased a new stake in Cohen & Steers in the 4th quarter valued at about $44,737,000. Norges Bank purchased a new stake in shares of Cohen & Steers in the fourth quarter valued at approximately $34,166,000. Lord Abbett & CO. LLC bought a new position in Cohen & Steers in the third quarter worth approximately $23,988,000. Congress Asset Management Co. increased its holdings in Cohen & Steers by 22.0% during the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock worth $48,763,000 after purchasing an additional 95,185 shares during the period. Finally, Fisher Asset Management LLC raised its position in Cohen & Steers by 1,460.1% during the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager's stock valued at $9,232,000 after purchasing an additional 93,566 shares in the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Trading Down 1.3 %

Shares of NYSE:CNS traded down $1.04 on Wednesday, reaching $76.09. The company had a trading volume of 173,844 shares, compared to its average volume of 203,956. Cohen & Steers, Inc. has a 52-week low of $67.09 and a 52-week high of $110.67. The firm's 50 day simple moving average is $78.67 and its 200-day simple moving average is $89.45. The firm has a market capitalization of $3.88 billion, a PE ratio of 25.62 and a beta of 1.46.

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

Cohen & Steers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were issued a $0.62 dividend. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, March 3rd. Cohen & Steers's dividend payout ratio is 81.05%.

Analyst Ratings Changes

Separately, Evercore ISI cut their price target on 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 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.