Keybank National Association OH Has $605,000 Stake in Cohen & Steers, Inc. (NYSE:CNS)

Keybank National Association OH trimmed its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 28.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,553 shares of the asset manager’s stock after selling 2,648 shares during the period. Keybank National Association OH’s holdings in Cohen & Steers were worth $605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Cohen & Steers during the 3rd quarter valued at $31,000. Westside Investment Management Inc. acquired a new stake in Cohen & Steers during the 3rd quarter valued at $32,000. GAMMA Investing LLC increased its holdings in Cohen & Steers by 19.5% during 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 stake in Cohen & Steers during the 4th quarter valued at $73,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Cohen & Steers by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock valued at $79,000 after buying an additional 119 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Stock Performance

NYSE CNS opened at $87.23 on Friday. The stock has a fifty day moving average of $87.68 and a 200-day moving average of $93.45. The stock has a market capitalization of $4.45 billion, a P/E ratio of 29.37 and a beta of 1.55. Cohen & Steers, Inc. has a 52 week low of $64.13 and a 52 week high of $110.67.

Cohen & Steers (NYSE:CNS) last released 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 net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd will be paid a $0.62 dividend. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, March 3rd. Cohen & Steers’s dividend payout ratio (DPR) is 83.50%.

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.