Fox Run Management L.L.C. Makes New $356,000 Investment in Cohen & Steers, Inc. (NYSE:CNS)

Fox Run Management L.L.C. acquired a new position in Cohen & Steers, Inc. (NYSE:CNS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,857 shares of the asset manager’s stock, valued at approximately $356,000.

A number of other large investors also recently modified their holdings of CNS. Intech Investment Management LLC purchased a new stake in Cohen & Steers in the 3rd quarter valued at $629,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Cohen & Steers by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock valued at $91,305,000 after purchasing an additional 52,103 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Cohen & Steers during the third quarter valued at about $615,000. Associated Banc Corp purchased a new position in Cohen & Steers during the third quarter worth about $243,000. Finally, FMR LLC grew its position in Cohen & Steers by 11.1% in the 3rd quarter. FMR LLC now owns 2,504 shares of the asset manager’s stock worth $240,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

NYSE:CNS opened at $80.68 on Thursday. Cohen & Steers, Inc. has a 52 week low of $64.13 and a 52 week high of $110.67. The firm has a 50-day moving average price of $85.07 and a two-hundred day moving average price of $92.73. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 27.16 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 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 business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a $0.62 dividend. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Monday, March 3rd. Cohen & Steers’s payout ratio is 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.