Raymond James & Associates Has $7.30 Million Position in Cohen & Steers, Inc. (NYSE:CNS)

Raymond James & Associates lifted its stake in Cohen & Steers, Inc. (NYSE:CNS – Get Rating) by 37.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 113,066 shares of the asset manager’s stock after purchasing an additional 30,783 shares during the quarter. Raymond James & Associates’ holdings in Cohen & Steers were worth $7,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CNS. Van ECK Associates Corp increased its holdings in shares of Cohen & Steers by 67.0% in the third quarter. Van ECK Associates Corp now owns 481 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 193 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Cohen & Steers in the fourth quarter valued at approximately $58,000. CWM LLC acquired a new stake in shares of Cohen & Steers in the fourth quarter valued at approximately $63,000. Quantbot Technologies LP boosted its stake in Cohen & Steers by 130.4% in the first quarter. Quantbot Technologies LP now owns 788 shares of the asset manager’s stock valued at $67,000 after acquiring an additional 446 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its stake in Cohen & Steers by 24.9% in the third quarter. Eagle Bay Advisors LLC now owns 1,084 shares of the asset manager’s stock valued at $69,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 47.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TheStreet cut shares of Cohen & Steers from a “b-” rating to a “c+” rating in a research note on Tuesday. Evercore ISI reduced their price objective on shares of Cohen & Steers from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, April 13th. Finally, StockNews.com assumed coverage on shares of Cohen & Steers in a research note on Thursday. They issued a “hold” rating on the stock.

Cohen & Steers Stock Performance

Shares of CNS stock opened at $56.31 on Friday. The firm’s 50 day moving average price is $60.11 and its two-hundred day moving average price is $65.55. The stock has a market cap of $2.77 billion, a PE ratio of 16.91 and a beta of 1.34. Cohen & Steers, Inc. has a 52-week low of $52.34 and a 52-week high of $78.87.

Cohen & Steers (NYSE:CNS – Get Rating) last announced its quarterly earnings results on Thursday, April 20th. The asset manager reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. The company had revenue of $126.08 million for the quarter. Cohen & Steers had a net margin of 30.50% and a return on equity of 52.35%. The company’s revenue for the quarter was down 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share.

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Monday, May 15th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, May 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.05%. Cohen & Steers’s dividend payout ratio is 68.47%.

Cohen & Steers Profile

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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.