Harvest Fund Management Co. Ltd Acquires Shares of 1,095 Cohen & Steers, Inc. (NYSE:CNS)

Harvest Fund Management Co. Ltd acquired a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,095 shares of the asset manager’s stock, valued at approximately $101,000.

A number of other large investors have also recently added to or reduced their stakes in CNS. CIBC Asset Management Inc bought a new position in Cohen & Steers during the 3rd quarter valued at $243,000. Intech Investment Management LLC bought a new position in Cohen & Steers during the 3rd quarter valued at $629,000. Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $91,305,000 after acquiring an additional 52,103 shares during the last quarter. Fisher Asset Management LLC bought a new position in Cohen & Steers during the 3rd quarter valued at $615,000. Finally, Horizon Kinetics Asset Management LLC boosted its stake in Cohen & Steers by 4.0% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 4,478 shares of the asset manager’s stock valued at $430,000 after acquiring an additional 172 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Stock Performance

Shares of NYSE:CNS opened at $78.77 on Friday. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 26.52 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 company’s fifty day moving average is $85.38 and its two-hundred day moving average is $92.87.

Cohen & Steers (NYSE:CNS) last issued 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders 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 3.15%. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, March 3rd. Cohen & Steers’s dividend payout ratio is 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.