Versor Investments LP Buys New Position in Cohen & Steers, Inc. (NYSE:CNS)

Versor Investments LP bought a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,867 shares of the asset manager’s stock, valued at approximately $357,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its position in shares of Cohen & Steers by 7.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 14,757 shares of the asset manager’s stock valued at $1,363,000 after purchasing an additional 1,074 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Cohen & Steers during the fourth quarter valued at approximately $1,187,000. Venturi Wealth Management LLC boosted its holdings in Cohen & Steers by 23.4% during the fourth quarter. Venturi Wealth Management LLC now owns 4,559 shares of the asset manager’s stock worth $421,000 after buying an additional 866 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Cohen & Steers by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 130,825 shares of the asset manager’s stock worth $12,080,000 after buying an additional 3,835 shares in the last quarter. Finally, Monument Capital Management grew its position in Cohen & Steers by 6.6% in the fourth quarter. Monument Capital Management now owns 2,998 shares of the asset manager’s stock worth $277,000 after buying an additional 186 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Evercore ISI increased their price objective on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Cohen & Steers Stock Up 1.0 %

NYSE:CNS opened at $87.30 on Monday. The stock has a fifty day simple moving average of $88.55 and a 200 day simple moving average of $93.51. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 29.39 and a beta of 1.56. Cohen & Steers, Inc. has a 1-year low of $64.13 and a 1-year high of $110.67.

Cohen & Steers (NYSE:CNS) last announced its 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.84%. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, March 3rd. Cohen & Steers’s payout ratio is presently 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.