Nicholas Company Inc. Trims Stake in Cohen & Steers, Inc. (NYSE:CNS)

Nicholas Company Inc. reduced its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 7.0% in the 4th quarter, Holdings Channel reports. The fund owned 164,593 shares of the asset manager’s stock after selling 12,307 shares during the period. Nicholas Company Inc.’s holdings in Cohen & Steers were worth $15,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new position in Cohen & Steers during the third quarter valued at approximately $32,000. GAMMA Investing LLC increased its position in shares of Cohen & Steers by 19.5% in the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock valued at $67,000 after buying an additional 119 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Cohen & Steers in the fourth quarter valued at approximately $73,000. KBC Group NV purchased a new stake in shares of Cohen & Steers in the third quarter valued at approximately $106,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Cohen & Steers in the third quarter valued at approximately $211,000. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Price Performance

Cohen & Steers stock opened at $77.84 on Friday. The stock has a market capitalization of $3.97 billion, a PE ratio of 26.21 and a beta of 1.55. Cohen & Steers, Inc. has a 12 month low of $64.13 and a 12 month high of $110.67. The business has a 50 day simple moving average of $86.37 and a 200-day simple moving average of $93.19.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.19%. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. Cohen & Steers’s payout ratio is presently 83.50%.

Cohen & Steers 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.