Atria Investments Inc Has $511,000 Position in Cohen & Steers, Inc. (NYSE:CNS)

Atria Investments Inc reduced its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 16.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,538 shares of the asset manager’s stock after selling 1,062 shares during the period. Atria Investments Inc’s holdings in Cohen & Steers were worth $511,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake 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 in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Cohen & Steers in the third quarter valued at approximately $5,025,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Cohen & Steers by 21.0% in the fourth 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. Principal Financial Group Inc. increased its stake in Cohen & Steers by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 130,825 shares of the asset manager’s stock valued at $12,080,000 after purchasing an additional 3,835 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 valued at $91,305,000 after purchasing an additional 52,103 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 3.1 %

Shares of CNS stock opened at $77.84 on Friday. The firm has a fifty day moving average of $86.37 and a 200-day moving average of $93.19. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 26.21 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (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 business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were given a dividend of $0.62 per share. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. This represents a $2.48 annualized dividend and a dividend yield of 3.19%. Cohen & Steers’s dividend payout ratio is currently 83.50%.

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.