Avantax Advisory Services Inc. Sells 279 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Avantax Advisory Services Inc. decreased its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,694 shares of the asset manager’s stock after selling 279 shares during the period. Avantax Advisory Services Inc.’s holdings in Cohen & Steers were worth $526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Westside Investment Management Inc. purchased a new position in shares of Cohen & Steers in the 3rd quarter valued at approximately $32,000. GAMMA Investing LLC grew its stake 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 buying an additional 119 shares during the last quarter. R Squared Ltd bought a new position in Cohen & Steers during the 4th quarter valued at approximately $73,000. KBC Group NV boosted its stake in Cohen & Steers by 27.4% in the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager’s stock worth $130,000 after purchasing an additional 304 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in Cohen & Steers during the 3rd quarter valued at about $239,000. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Down 0.2 %

Shares of NYSE CNS opened at $78.77 on Friday. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67. The firm has a market cap of $4.01 billion, a P/E ratio of 26.52 and a beta of 1.55. The company has a 50 day moving average of $85.38 and a 200 day moving average of $92.87.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates 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 declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Monday, March 3rd. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio (DPR) 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.