Quantbot Technologies LP Purchases Shares of 26,214 Cohen & Steers, Inc. (NYSE:CNS)

Quantbot Technologies LP purchased a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,214 shares of the asset manager’s stock, valued at approximately $2,421,000. Quantbot Technologies LP owned 0.05% of Cohen & Steers at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CNS. CIBC Asset Management Inc purchased a new stake in Cohen & Steers during the third quarter valued at about $243,000. Intech Investment Management LLC purchased a new stake in shares of Cohen & Steers in the third quarter worth about $629,000. Charles Schwab Investment Management Inc. boosted its position in shares of Cohen & Steers by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock worth $91,305,000 after buying an additional 52,103 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of Cohen & Steers in the third quarter worth about $615,000. Finally, Horizon Kinetics Asset Management LLC boosted its position in shares of Cohen & Steers by 4.0% in the third quarter. Horizon Kinetics Asset Management LLC now owns 4,478 shares of the asset manager’s stock worth $430,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Price Performance

Shares of NYSE CNS opened at $78.77 on Friday. Cohen & Steers, Inc. has a 1-year low of $64.13 and a 1-year high of $110.67. The business has a 50-day moving average of $85.38 and a 200-day moving average of $92.87. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 26.52 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a $0.62 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.15%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio is currently 83.50%.

Cohen & Steers Company 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.