Swiss National Bank Grows Stake in Cohen & Steers, Inc. (NYSE:CNS)

Swiss National Bank lifted its stake in shares of Cohen & Steers, Inc. (NYSE:CNS – Get Rating) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 64,600 shares of the asset manager’s stock after buying an additional 1,100 shares during the period. Swiss National Bank’s holdings in Cohen & Steers were worth $4,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of Cohen & Steers by 67.0% during the third quarter. Van ECK Associates Corp now owns 481 shares of the asset manager’s stock worth $30,000 after purchasing an additional 193 shares in the last quarter. Eagle Bay Advisors LLC increased its stake in shares of Cohen & Steers by 24.9% during the third quarter. Eagle Bay Advisors LLC now owns 1,084 shares of the asset manager’s stock worth $69,000 after purchasing an additional 216 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Cohen & Steers by 3.8% during the fourth quarter. Arizona State Retirement System now owns 7,557 shares of the asset manager’s stock worth $488,000 after purchasing an additional 280 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Cohen & Steers by 14.0% during the second quarter. Captrust Financial Advisors now owns 2,812 shares of the asset manager’s stock worth $179,000 after purchasing an additional 346 shares in the last quarter. Finally, Congress Wealth Management LLC DE increased its stake in shares of Cohen & Steers by 0.7% during the third quarter. Congress Wealth Management LLC DE now owns 51,917 shares of the asset manager’s stock worth $3,252,000 after purchasing an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 47.37% of the company’s stock.

Cohen & Steers Price Performance

Cohen & Steers stock opened at $56.31 on Friday. The firm has a 50 day simple moving average of $60.11 and a 200-day simple moving average of $65.55. Cohen & Steers, Inc. has a 1-year low of $52.34 and a 1-year high of $78.87. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 16.91 and a beta of 1.34.

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

Cohen & Steers Announces Dividend

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 paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, May 12th. This represents a $2.28 annualized dividend and a dividend yield of 4.05%. Cohen & Steers’s dividend payout ratio (DPR) is 68.47%.

Wall Street Analyst Weigh In

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

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.