EAM Global Investors LLC Purchases New Stake in Cohen & Steers, Inc. (NYSE:CNS)

EAM Global Investors LLC acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,751 shares of the asset manager’s stock, valued at approximately $3,209,000. EAM Global Investors LLC owned about 0.07% of Cohen & Steers as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Cohen & Steers by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager’s stock valued at $306,539,000 after buying an additional 22,012 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of Cohen & Steers by 0.5% in the fourth quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager’s stock valued at $101,242,000 after acquiring an additional 5,303 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Cohen & Steers by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager’s stock worth $92,749,000 after acquiring an additional 52,846 shares during the period. Invesco Ltd. raised its stake in Cohen & Steers by 5.8% in the 4th quarter. Invesco Ltd. now owns 883,805 shares of the asset manager’s stock worth $81,611,000 after purchasing an additional 48,683 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Cohen & Steers by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 724,849 shares of the asset manager’s stock worth $66,946,000 after purchasing an additional 15,526 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

NYSE:CNS opened at $74.59 on Wednesday. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 25.12 and a beta of 1.46. Cohen & Steers, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $110.67. The stock has a fifty day moving average price of $81.11 and a 200-day moving average price of $90.80.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share 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 paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.32%. 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 (DPR) is 83.50%.

Wall Street Analyst Weigh In

Separately, Evercore ISI lowered their target price on shares of Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday, April 11th.

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.