Los Angeles Capital Management LLC Invests $1.19 Million in Cohen & Steers, Inc. (NYSE:CNS)

Los Angeles Capital Management LLC acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,855 shares of the asset manager’s stock, valued at approximately $1,187,000.

Several other institutional investors also recently modified their holdings of the company. State Street Corp increased its stake in shares of Cohen & Steers by 0.8% during the 3rd quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock worth $105,369,000 after purchasing an additional 8,774 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of Cohen & Steers by 0.5% during the 4th quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager’s stock worth $101,242,000 after purchasing an additional 5,303 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Cohen & Steers by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock worth $91,305,000 after purchasing an additional 52,103 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cohen & Steers by 4.9% in the third quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager’s stock valued at $68,071,000 after purchasing an additional 33,414 shares during the period. Finally, Congress Asset Management Co. raised its position in shares of Cohen & Steers by 22.0% in the fourth quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager’s stock valued at $48,763,000 after purchasing an additional 95,185 shares during the period. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

Shares of CNS opened at $87.30 on Friday. The firm has a market capitalization of $4.45 billion, a PE ratio of 29.39 and a beta of 1.56. The company’s 50-day moving average is $88.55 and its 200-day moving average is $93.43. Cohen & Steers, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS) last posted its 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 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 will be paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.62 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.84%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio (DPR) is currently 83.50%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI increased their price objective on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

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.