Raymond James Financial Inc. Makes New Investment in Cohen & Steers, Inc. (NYSE:CNS)

Raymond James Financial Inc. acquired a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 484,476 shares of the asset manager’s stock, valued at approximately $44,737,000. Raymond James Financial Inc. owned approximately 0.96% of Cohen & Steers at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Westside Investment Management Inc. bought a new position in shares of Cohen & Steers during the 3rd quarter worth approximately $32,000. GAMMA Investing LLC raised its stake in Cohen & Steers by 19.5% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock worth $67,000 after acquiring an additional 119 shares in the last quarter. R Squared Ltd bought a new position in shares of Cohen & Steers during the fourth quarter valued at $73,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Cohen & Steers in the 4th quarter valued at $101,000. Finally, KBC Group NV grew its holdings in shares of Cohen & Steers by 27.4% in the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager’s stock worth $130,000 after purchasing an additional 304 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Trading Up 1.3 %

Shares of NYSE CNS opened at $74.55 on Tuesday. Cohen & Steers, Inc. has a 1-year low of $64.13 and a 1-year high of $110.67. The company has a 50-day moving average of $81.40 and a two-hundred day moving average of $90.91. The company has a market cap of $3.80 billion, a PE ratio of 25.10 and a beta of 1.46.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.33%. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. Cohen & Steers’s dividend payout ratio (DPR) is presently 83.50%.

Wall Street Analyst Weigh In

Separately, Evercore ISI reduced their price target on shares of Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating on the stock in a research report on Friday.

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.