6 days Ago By ABMN Staff
Alliancebernstein L.P. grew its stake in shares of Cohen & Steers, Inc.
( NYSE:CNS – Free Report ) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,635 shares of the asset manager’s stock after buying an additional 414 shares during the period.
Alliancebernstein L.P. owned 0.
07% of Cohen & Steers worth $3,475,000 at the end of the most recent reporting period. A number of other hedge funds also recently made changes to their positions in CNS. Raymond James Financial Inc.
bought a new stake in Cohen & Steers during the fourth quarter valued at about $44,737,000. Norges Bank purchased a new stake in Cohen & Steers during the 4th quarter valued at approximately $34,166,000. Lord Abbett & CO.
LLC bought a new stake in shares of Cohen & Steers during the third quarter valued at approximately $23,988,000. Congress Asset Management Co. boosted its position in shares of Cohen & Steers by 22.
0% during the fourth quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager’s stock worth $48,763,000 after acquiring an additional 95,185 shares during the last quarter.
Finally, Fisher Asset Management LLC grew its stake in Cohen & Steers by 1,460.1% during the fourth quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager’s stock valued at $9,232,000 after acquiring an additional 93,566 shares in the last quarter.
51.47% of the stock is currently owned by institutional investors. Analyst Ratings Changes Separately, Evercore ISI decreased 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. Cohen & Steers Stock Up 1.
3 % Shares of CNS opened at $74.55 on Tuesday. Cohen & Steers, Inc.
has a 52-week low of $64.13 and a 52-week high of $110.67.
The company has a market cap of $3.80 billion, a PE ratio of 25.10 and a beta of 1.
46. The business has a fifty day moving average of $81.40 and a 200 day moving average of $90.
91. Cohen & Steers ( NYSE:CNS – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.
78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02).
Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.
Cohen & Steers Increases Dividend The business 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%.
The ex-dividend date was Monday, March 3rd. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59.
Cohen & Steers’s dividend payout ratio (DPR) is 83.50%. Cohen & Steers Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding CNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cohen & Steers, Inc.
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