Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 30.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,119,880 shares of the asset manager’s stock after selling 489,426 shares during the quarter. Victory Capital Management Inc. owned about 2.21% of Cohen & Steers worth $103,410,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Cohen & Steers by 0.8% during the 3rd quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock valued at $105,369,000 after buying an additional 8,774 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Cohen & Steers during the 3rd quarter valued at approximately $5,025,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cohen & Steers by 21.0% during 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 buying an additional 3,366 shares during the period. Charles Schwab Investment Management Inc. raised its position 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 valued at $91,305,000 after buying an additional 52,103 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Cohen & Steers by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 130,825 shares of the asset manager’s stock valued at $12,080,000 after buying an additional 3,835 shares during the period. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 0.4 %

Shares of NYSE CNS opened at $82.92 on Thursday. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 27.92 and a beta of 1.56. Cohen & Steers, Inc. has a 52-week low of $64.13 and a 52-week high of $110.67. The business’s 50 day moving average is $88.18 and its two-hundred day moving average is $93.50.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.62 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.99%. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio is currently 83.50%.

Analyst Upgrades and Downgrades

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

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.