Raymond James Financial Inc. Acquires New Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Raymond James Financial Inc. acquired a new stake in Cohen & Steers, Inc. (NYSE:CNS) in the 4th quarter, Holdings Channel.com reports. The fund acquired 484,476 shares of the asset manager’s stock, valued at approximately $44,737,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Cohen & Steers in the 3rd quarter valued at approximately $31,000. Westside Investment Management Inc. acquired a new position in shares of Cohen & Steers in the 3rd quarter valued at approximately $32,000. GAMMA Investing LLC grew its position in shares of 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. R Squared Ltd acquired a new position in Cohen & Steers during the 4th quarter worth approximately $73,000. Finally, Farther Finance Advisors LLC boosted its position in Cohen & Steers by 16.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after acquiring an additional 119 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Stock Down 5.7 %

NYSE:CNS opened at $80.43 on Wednesday. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67. The business has a 50 day moving average price of $87.29 and a two-hundred day moving average price of $93.45. The company has a market cap of $4.10 billion, a P/E ratio of 27.08 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share 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 will be paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.08%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. 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.