5,096 Shares in Cohen & Steers, Inc. (NYSE:CNS) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new stake in Cohen & Steers, Inc. (NYSE:CNS) in the fourth quarter, Holdings Channel reports. The fund acquired 5,096 shares of the asset manager’s stock, valued at approximately $471,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CNS. GAMMA Investing LLC grew its position in Cohen & Steers by 19.5% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 119 shares during the period. Monument Capital Management lifted its stake in shares of Cohen & Steers by 6.6% in the fourth quarter. Monument Capital Management now owns 2,998 shares of the asset manager’s stock valued at $277,000 after buying an additional 186 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Cohen & Steers by 4.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,364 shares of the asset manager’s stock valued at $495,000 after buying an additional 230 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Cohen & Steers by 0.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 26,353 shares of the asset manager’s stock worth $2,433,000 after acquiring an additional 245 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Cohen & Steers by 0.3% in the 4th quarter. Legal & General Group Plc now owns 83,671 shares of the asset manager’s stock worth $7,726,000 after acquiring an additional 289 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Price Performance

NYSE CNS opened at $80.21 on Friday. The company has a fifty day moving average price of $77.59 and a 200-day moving average price of $88.29. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 27.01 and a beta of 1.39. Cohen & Steers, Inc. has a 1 year low of $67.09 and a 1 year high of $110.67.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). The business had revenue of $133.79 million during the quarter, compared to analysts’ expectations of $130.64 million. Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. During the same period in the prior year, the firm posted $0.68 EPS.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Monday, May 12th. Cohen & Steers’s payout ratio is 81.05%.

Analyst Ratings Changes

Separately, Evercore ISI decreased their price objective on Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating for the company in a report 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.