Boston Trust Walden Corp Boosts Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Boston Trust Walden Corp grew its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 920,583 shares of the asset manager’s stock after purchasing an additional 1,132 shares during the quarter. Boston Trust Walden Corp owned approximately 1.82% of Cohen & Steers worth $85,007,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Ashton Thomas Securities LLC purchased a new stake in shares of Cohen & Steers during the third quarter worth about $31,000. Westside Investment Management Inc. acquired a new stake in shares of Cohen & Steers during the third quarter worth $32,000. GAMMA Investing LLC boosted its holdings in shares of Cohen & Steers by 64.9% during the third quarter. GAMMA Investing LLC now owns 610 shares of the asset manager’s stock worth $59,000 after purchasing an additional 240 shares during the last quarter. Signaturefd LLC grew its position in shares of Cohen & Steers by 19.8% in the third quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 107 shares during the period. Finally, R Squared Ltd acquired a new position in Cohen & Steers in the fourth quarter valued at $73,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Trading Down 0.2 %

Shares of Cohen & Steers stock opened at $88.62 on Monday. The stock has a market capitalization of $4.48 billion, a P/E ratio of 29.84 and a beta of 1.56. The business’s fifty day moving average price is $94.01 and its 200 day moving average price is $93.03. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67.

Cohen & Steers (NYSE:CNS) last issued 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Monday, November 18th. Cohen & Steers’s dividend payout ratio is presently 79.46%.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group upgraded Cohen & Steers from a “sell” rating to a “neutral” rating and lifted their price target for the company from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI upped their price target on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

About Cohen & Steers

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.