Norges Bank Invests $34.17 Million in Cohen & Steers, Inc. (NYSE:CNS)

Norges Bank bought a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 370,004 shares of the asset manager’s stock, valued at approximately $34,166,000. Norges Bank owned about 0.73% of Cohen & Steers as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNS. Westside Investment Management Inc. bought a new position in Cohen & Steers during the third quarter valued at $32,000. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 119 shares during the last quarter. R Squared Ltd purchased a new position in Cohen & Steers in the fourth quarter worth about $73,000. Harvest Fund Management Co. Ltd bought a new stake in Cohen & Steers during the fourth quarter worth approximately $101,000. Finally, KBC Group NV raised its position in Cohen & Steers by 27.4% during the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager’s stock valued at $130,000 after purchasing an additional 304 shares during the period. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Price Performance

NYSE:CNS opened at $75.71 on Friday. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 25.49 and a beta of 1.55. The business has a 50 day simple moving average of $83.79 and a 200-day simple moving average of $92.15. Cohen & Steers, Inc. has a 1 year low of $64.13 and a 1 year high of $110.67.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data 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 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 was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.28%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, March 3rd. Cohen & Steers’s dividend payout ratio is presently 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.