Horizon Kinetics Asset Management LLC Sells 372 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Horizon Kinetics Asset Management LLC decreased its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,106 shares of the asset manager’s stock after selling 372 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Cohen & Steers were worth $379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CNS. Cibc World Markets Corp bought a new position in Cohen & Steers in the fourth quarter valued at approximately $238,000. Royce & Associates LP lifted its stake in shares of Cohen & Steers by 6.4% in the 4th quarter. Royce & Associates LP now owns 9,628 shares of the asset manager’s stock valued at $889,000 after purchasing an additional 580 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Cohen & Steers by 4.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,364 shares of the asset manager’s stock worth $495,000 after purchasing an additional 230 shares during the period. Swiss National Bank grew its stake in shares of Cohen & Steers by 0.9% during the fourth quarter. Swiss National Bank now owns 54,700 shares of the asset manager’s stock worth $5,051,000 after purchasing an additional 500 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cohen & Steers in the fourth quarter valued at about $414,000. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Trading Up 1.6 %

Shares of CNS opened at $78.92 on Tuesday. The stock has a market cap of $4.02 billion, a P/E ratio of 26.57 and a beta of 1.55. Cohen & Steers, Inc. has a 1 year low of $64.13 and a 1 year high of $110.67. The stock’s 50-day moving average price is $86.13 and its two-hundred day moving average price is $93.17.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share 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 disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a $0.62 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio is currently 83.50%.

About Cohen & Steers

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.