Swiss National Bank Has $5.05 Million Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

Swiss National Bank raised its stake in Cohen & Steers, Inc. (NYSE:CNS) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,700 shares of the asset manager’s stock after acquiring an additional 500 shares during the quarter. Swiss National Bank owned about 0.11% of Cohen & Steers worth $5,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CNS. Westside Investment Management Inc. bought a new stake in shares of Cohen & Steers during the third quarter valued at approximately $32,000. GAMMA Investing LLC boosted its position in 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 buying an additional 119 shares during the last quarter. R Squared Ltd bought a new position in Cohen & Steers in the 4th quarter valued at $73,000. KBC Group NV increased its stake in shares of Cohen & Steers by 27.4% in the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager’s stock valued at $130,000 after buying an additional 304 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of Cohen & Steers during the third quarter worth $239,000. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Stock Up 2.5 %

Cohen & Steers stock opened at $80.92 on Tuesday. The business’s 50-day simple moving average is $85.30 and its 200 day simple moving average is $92.86. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 27.25 and a beta of 1.55. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67.

Cohen & Steers (NYSE:CNS) last issued its earnings results 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 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 was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s payout ratio is currently 83.50%.

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.