Rhumbline Advisers Lowers Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Rhumbline Advisers reduced its stake in Cohen & Steers, Inc. (NYSE:CNS) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,174 shares of the asset manager’s stock after selling 2,996 shares during the quarter. Rhumbline Advisers owned about 0.14% of Cohen & Steers worth $6,757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CNS. Ashton Thomas Securities LLC purchased a new position in Cohen & Steers during the third quarter valued at $31,000. Westside Investment Management Inc. bought a new position in shares of Cohen & Steers during the third quarter valued at $32,000. Signaturefd LLC increased its holdings in shares of Cohen & Steers by 19.8% during the third quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock valued at $62,000 after acquiring an additional 107 shares in the last quarter. GAMMA Investing LLC raised 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 worth $67,000 after purchasing an additional 119 shares during the last quarter. Finally, R Squared Ltd bought a new position in Cohen & Steers in the 4th quarter worth about $73,000. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 0.3 %

Shares of NYSE CNS opened at $87.12 on Wednesday. The firm has a market cap of $4.40 billion, a P/E ratio of 29.33 and a beta of 1.56. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67. The company has a 50 day moving average of $88.82 and a 200 day moving average of $93.42.

Cohen & Steers (NYSE:CNS) last posted its quarterly 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 business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.62 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.48 annualized dividend and a yield of 2.85%. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio is currently 83.50%.

Wall Street Analyst Weigh In

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

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.