New York State Common Retirement Fund Lowers Position in Cohen & Steers, Inc. (NYSE:CNS)

New York State Common Retirement Fund trimmed its stake in Cohen & Steers, Inc. (NYSE:CNS) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,919 shares of the asset manager’s stock after selling 600 shares during the quarter. New York State Common Retirement Fund’s holdings in Cohen & Steers were worth $824,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in Cohen & Steers by 0.8% in the third quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock valued at $105,369,000 after purchasing an additional 8,774 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Cohen & Steers in the 3rd quarter worth about $5,025,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Cohen & Steers by 21.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,391 shares of the asset manager’s stock valued at $1,810,000 after purchasing an additional 3,366 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Cohen & Steers by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock worth $91,305,000 after purchasing an additional 52,103 shares during the period. Finally, Barclays PLC grew its holdings in shares of Cohen & Steers by 286.1% during the 3rd quarter. Barclays PLC now owns 50,765 shares of the asset manager’s stock worth $4,871,000 after purchasing an additional 37,616 shares during the period. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Trading Down 2.3 %

NYSE:CNS opened at $85.35 on Tuesday. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 28.74 and a beta of 1.56. The firm’s fifty day simple moving average is $88.41 and its 200 day simple moving average is $93.51. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67.

Cohen & Steers (NYSE:CNS) last posted 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 net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, March 3rd will be issued a dividend of $0.62 per share. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.48 annualized dividend and a dividend yield of 2.91%. Cohen & Steers’s payout ratio is presently 83.50%.

Analyst Upgrades and Downgrades

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

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.