6,258 Shares in Cohen & Steers, Inc. (NYSE:CNS) Bought by Nebula Research & Development LLC

Nebula Research & Development LLC acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,258 shares of the asset manager’s stock, valued at approximately $578,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC increased its stake in shares of Cohen & Steers by 286.1% in the third quarter. Barclays PLC now owns 50,765 shares of the asset manager’s stock valued at $4,871,000 after buying an additional 37,616 shares during the period. Westside Investment Management Inc. bought a new position in Cohen & Steers in the third quarter worth approximately $32,000. Tidal Investments LLC boosted its holdings in Cohen & Steers by 202.5% in the third quarter. Tidal Investments LLC now owns 25,116 shares of the asset manager’s stock worth $2,410,000 after acquiring an additional 16,814 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Cohen & Steers by 18.8% in the third quarter. Franklin Resources Inc. now owns 4,251 shares of the asset manager’s stock worth $410,000 after acquiring an additional 673 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of Cohen & Steers in the third quarter valued at approximately $23,988,000. 51.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Evercore ISI dropped their target price on Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday, April 11th.

Cohen & Steers Stock Performance

CNS opened at $76.20 on Tuesday. The firm has a market cap of $3.88 billion, a P/E ratio of 25.66 and a beta of 1.46. The firm has a 50-day moving average of $79.07 and a 200 day moving average of $89.63. Cohen & Steers, Inc. has a fifty-two week low of $67.09 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01). The business had revenue of $133.79 million for the quarter, compared to analysts’ expectations of $130.64 million. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. During the same period last year, the company earned $0.68 earnings per share.

Cohen & Steers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.25%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. Cohen & Steers’s dividend payout ratio is presently 81.05%.

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.