Duality Advisers LP Makes New $264,000 Investment in Cohen & Steers, Inc. (NYSE:CNS)

Duality Advisers LP purchased a new position in Cohen & Steers, Inc. (NYSE:CNS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,480 shares of the asset manager’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC grew its stake in Cohen & Steers by 104.9% in the 3rd quarter. Signaturefd LLC now owns 418 shares of the asset manager’s stock worth $26,000 after buying an additional 214 shares in the last quarter. SG Americas Securities LLC purchased a new position in Cohen & Steers in the 4th quarter worth approximately $142,000. Naples Global Advisors LLC purchased a new stake in shares of Cohen & Steers in the 4th quarter valued at $215,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Cohen & Steers in the 3rd quarter valued at $208,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Cohen & Steers in the 4th quarter valued at $258,000. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price objective on shares of Cohen & Steers from $69.00 to $67.00 and set a “sell” rating for the company in a research note on Friday, April 12th.

Cohen & Steers Stock Up 0.7 %

NYSE:CNS opened at $70.37 on Friday. The company has a fifty day moving average of $72.54 and a 200 day moving average of $66.90. Cohen & Steers, Inc. has a 52 week low of $50.05 and a 52 week high of $78.58. The firm has a market capitalization of $3.49 billion, a P/E ratio of 27.38 and a beta of 1.45.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Thursday, April 18th. The asset manager reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). Cohen & Steers had a net margin of 26.27% and a return on equity of 36.96%. The firm had revenue of $122.71 million for the quarter, compared to the consensus estimate of $125.01 million. During the same quarter in the prior year, the company earned $0.76 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year.

Cohen & Steers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were given a dividend of $0.59 per share. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.57. This represents a $2.36 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Friday, March 1st. Cohen & Steers’s dividend payout ratio (DPR) is 91.83%.

Insider Activity at Cohen & Steers

In related news, Director Richard P. Simon sold 6,942 shares of Cohen & Steers stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $71.76, for a total transaction of $498,157.92. Following the completion of the transaction, the director now directly owns 24,973 shares of the company’s stock, valued at approximately $1,792,062.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Cohen & Steers news, Director Edmond D. Villani sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $72.99, for a total transaction of $291,960.00. Following the completion of the sale, the director now directly owns 33,781 shares in the company, valued at approximately $2,465,675.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard P. Simon sold 6,942 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $71.76, for a total transaction of $498,157.92. Following the sale, the director now owns 24,973 shares of the company’s stock, valued at $1,792,062.48. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock valued at $1,009,713 in the last three months. Company insiders own 47.60% of the company’s stock.

Cohen & Steers Company Profile

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.