Van ECK Associates Corp Grows Position in Cohen & Steers, Inc. (NYSE:CNS)

Van ECK Associates Corp lifted its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS – Get Rating) by 67.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 481 shares of the asset manager’s stock after acquiring an additional 193 shares during the quarter. Van ECK Associates Corp’s holdings in Cohen & Steers were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Walleye Capital LLC bought a new stake in Cohen & Steers in the 2nd quarter worth approximately $359,000. Versor Investments LP purchased a new position in shares of Cohen & Steers in the 2nd quarter worth approximately $909,000. Scout Investments Inc. boosted its holdings in shares of Cohen & Steers by 10.5% in the 2nd quarter. Scout Investments Inc. now owns 161,100 shares of the asset manager’s stock worth $10,244,000 after purchasing an additional 15,275 shares during the period. Winslow Asset Management Inc. boosted its holdings in shares of Cohen & Steers by 0.7% in the 2nd quarter. Winslow Asset Management Inc. now owns 108,602 shares of the asset manager’s stock worth $6,906,000 after purchasing an additional 737 shares during the period. Finally, Strategic Blueprint LLC boosted its holdings in shares of Cohen & Steers by 9.2% in the 2nd quarter. Strategic Blueprint LLC now owns 11,449 shares of the asset manager’s stock worth $728,000 after purchasing an additional 967 shares during the period. 47.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Cohen & Steers from a “buy” rating to a “hold” rating in a report on Saturday, December 24th.

Cohen & Steers Stock Up 2.1 %

CNS opened at $73.08 on Friday. The business has a fifty day moving average of $66.78 and a 200 day moving average of $67.49. Cohen & Steers, Inc. has a 52-week low of $52.34 and a 52-week high of $88.21. The stock has a market cap of $3.56 billion, a P/E ratio of 17.78 and a beta of 1.28.

Cohen & Steers (NYSE:CNS – Get Rating) last issued its earnings results on Wednesday, October 19th. The asset manager reported $0.92 earnings per share for the quarter. Cohen & Steers had a return on equity of 73.43% and a net margin of 33.77%. The business had revenue of $139.95 million during the quarter, compared to analysts’ expectations of $139.54 million. During the same period in the prior year, the business earned $1.06 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year.

Cohen & Steers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.01%. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, November 10th. Cohen & Steers’s dividend payout ratio is currently 53.53%.

Cohen & Steers Profile

(Get Rating)

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.