Tidal Investments LLC Raises Position in Cohen & Steers, Inc. (NYSE:CNS)

Tidal Investments LLC lifted its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 202.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,116 shares of the asset manager’s stock after acquiring an additional 16,814 shares during the quarter. Tidal Investments LLC’s holdings in Cohen & Steers were worth $2,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Cohen & Steers by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager’s stock worth $85,390,000 after purchasing an additional 35,905 shares during the period. State Street Corp grew its position in shares of Cohen & Steers by 0.8% during the third quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock worth $105,369,000 after buying an additional 8,774 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of Cohen & Steers by 1.0% during the third quarter. Copeland Capital Management LLC now owns 1,091,097 shares of the asset manager’s stock worth $104,691,000 after buying an additional 10,420 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Cohen & Steers by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock valued at $91,305,000 after acquiring an additional 52,103 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Cohen & Steers by 4.9% in the third quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager’s stock worth $68,071,000 after acquiring an additional 33,414 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Stock Down 1.6 %

Shares of CNS opened at $99.04 on Monday. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 36.96 and a beta of 1.52. Cohen & Steers, Inc. has a 52-week low of $64.13 and a 52-week high of $110.67. The stock has a 50 day moving average price of $100.69 and a 200 day moving average price of $88.50.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The business had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. During the same quarter in the prior year, the business posted $0.70 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Monday, November 18th. Cohen & Steers’s payout ratio is 88.06%.

Analyst Upgrades and Downgrades

CNS has been the topic of a number of recent analyst reports. Evercore ISI increased their price objective on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group upgraded shares of Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $63.00 to $102.00 in a research note on Thursday, October 17th.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.