Cohen & Steers, Inc. (NYSE:CNS) Shares Purchased by Royce & Associates LP

Royce & Associates LP lifted its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,628 shares of the asset manager’s stock after acquiring an additional 580 shares during the quarter. Royce & Associates LP’s holdings in Cohen & Steers were worth $889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. acquired a new stake in shares of Cohen & Steers in the third quarter worth $32,000. GAMMA Investing LLC increased its stake in shares of Cohen & Steers by 19.5% in the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock worth $67,000 after acquiring an additional 119 shares during the period. R Squared Ltd purchased a new stake in Cohen & Steers during the fourth quarter worth $73,000. KBC Group NV purchased a new stake in Cohen & Steers during the third quarter worth $106,000. Finally, Quantinno Capital Management LP purchased a new stake in Cohen & Steers during the third quarter worth $239,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

Shares of NYSE CNS opened at $78.77 on Friday. The company’s fifty day moving average price is $85.38 and its 200 day moving average price is $92.83. Cohen & Steers, Inc. has a 1 year low of $64.13 and a 1 year high of $110.67. The company has a market capitalization of $4.01 billion, a PE ratio of 26.52 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a dividend of $0.62 per share. The ex-dividend date was Monday, March 3rd. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 3.15%. Cohen & Steers’s dividend payout ratio is 83.50%.

About Cohen & Steers

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.