Intech Investment Management LLC Buys 4,512 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Intech Investment Management LLC lifted its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 68.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,065 shares of the asset manager’s stock after purchasing an additional 4,512 shares during the quarter. Intech Investment Management LLC’s holdings in Cohen & Steers were worth $1,022,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in shares of Cohen & Steers during the third quarter worth about $32,000. GAMMA Investing LLC raised its position in shares of Cohen & Steers by 19.5% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock worth $67,000 after purchasing an additional 119 shares during the period. R Squared Ltd acquired a new stake in shares of Cohen & Steers during the fourth quarter worth about $73,000. KBC Group NV raised its position in shares of Cohen & Steers by 27.4% during the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager’s stock worth $130,000 after purchasing an additional 304 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in shares of Cohen & Steers during the fourth quarter worth about $238,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Price Performance

NYSE CNS opened at $78.77 on Friday. The firm has a market cap of $4.01 billion, a P/E ratio of 26.52 and a beta of 1.55. The stock’s 50-day moving average is $85.38 and its 200-day moving average is $92.87. Cohen & Steers, Inc. has a one year low of $64.13 and a one year high of $110.67.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 EPS 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Monday, March 3rd. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio (DPR) is currently 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.