Congress Wealth Management LLC DE Raises Stake in Cohen & Steers, Inc. (NYSE:CNS)

Congress Wealth Management LLC DE lifted its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 6.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 86,075 shares of the asset manager’s stock after buying an additional 5,006 shares during the period. Congress Wealth Management LLC DE’s holdings in Cohen & Steers were worth $7,948,000 as of its most recent SEC filing.

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

Cohen & Steers Price Performance

CNS opened at $81.10 on Wednesday. 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 moving average of $85.20 and a two-hundred day moving average of $92.82. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 27.31 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last released 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 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. Stockholders 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 dividend yield of 3.06%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. Cohen & Steers’s dividend 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.