20,936 Shares in Cohen & Steers, Inc. (NYSE:CNS) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 20,936 shares of the asset manager’s stock, valued at approximately $1,933,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Cohen & Steers during the 4th quarter worth approximately $44,737,000. Lord Abbett & CO. LLC acquired a new stake in Cohen & Steers during the 3rd quarter valued at $23,988,000. Congress Asset Management Co. increased its position in Cohen & Steers by 22.0% during the fourth quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager’s stock worth $48,763,000 after buying an additional 95,185 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Cohen & Steers by 1,460.1% in the fourth quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager’s stock worth $9,232,000 after acquiring an additional 93,566 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Cohen & Steers by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager’s stock valued at $92,749,000 after acquiring an additional 52,846 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Down 0.9 %

CNS opened at $79.95 on Friday. The firm has a market cap of $4.08 billion, a P/E ratio of 26.92 and a beta of 1.55. The business’s fifty day simple moving average is $84.91 and its 200 day simple moving average is $92.64. Cohen & Steers, Inc. has a 52 week low of $64.13 and a 52 week high of $110.67.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a $0.62 dividend. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 3.10%. The ex-dividend date was Monday, March 3rd. Cohen & Steers’s payout ratio is presently 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.