Cohen & Steers, Inc. (NYSE:CNS) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,075 shares of the asset manager’s stock after acquiring an additional 5,006 shares during the period. Congress Wealth Management LLC DE owned approximately 0.17% of Cohen & Steers worth $7,948,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in shares of Cohen & Steers during the 3rd quarter worth $32,000. GAMMA Investing LLC increased its stake in Cohen & Steers by 19.5% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 119 shares in the last quarter. R Squared Ltd acquired a new position in Cohen & Steers during the fourth quarter worth $73,000. Harvest Fund Management Co. Ltd purchased a new stake in Cohen & Steers during the fourth quarter worth $101,000. Finally, KBC Group NV grew its holdings in Cohen & Steers by 27.4% in the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager’s stock valued at $130,000 after purchasing an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 0.2 %

Shares of CNS stock opened at $81.10 on Wednesday. The stock has a market cap of $4.13 billion, a P/E ratio of 27.31 and a beta of 1.55. Cohen & Steers, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $110.67. The business has a fifty day simple moving average of $85.20 and a 200-day simple moving average of $92.82.

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

Cohen & Steers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Monday, March 3rd. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio is 83.50%.

Cohen & Steers Company 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.