Cohen & Steers, Inc. (NYSE:CNS) Shares Bought by Legal & General Group Plc

Legal & General Group Plc lifted its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,671 shares of the asset manager’s stock after purchasing an additional 289 shares during the quarter. Legal & General Group Plc’s holdings in Cohen & Steers were worth $7,726,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in shares of Cohen & Steers in the third quarter valued at about $32,000. GAMMA Investing LLC increased its stake 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 in the last quarter. R Squared Ltd acquired a new position in shares of Cohen & Steers during the 4th quarter worth $73,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Cohen & Steers in the fourth quarter valued at about $101,000. Finally, KBC Group NV grew its holdings in Cohen & Steers by 27.4% during the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager’s stock valued at $130,000 after buying an additional 304 shares during the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Evercore ISI dropped their target price on Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, April 11th.

Cohen & Steers Price Performance

Shares of NYSE:CNS opened at $74.39 on Friday. The business has a 50-day moving average of $80.32 and a two-hundred day moving average of $90.40. The firm has a market capitalization of $3.79 billion, a PE ratio of 25.05 and a beta of 1.46. Cohen & Steers, Inc. has a 12 month low of $67.09 and a 12 month high of $110.67.

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

Cohen & Steers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend 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 payout ratio is currently 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.