Cubist Systematic Strategies LLC Makes New Investment in Cohen & Steers, Inc. (NYSE:CNS)

Cubist Systematic Strategies LLC acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,311 shares of the asset manager’s stock, valued at approximately $213,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Cohen & Steers by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager’s stock worth $306,539,000 after purchasing an additional 22,012 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of Cohen & Steers by 0.5% during the fourth quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager’s stock worth $101,242,000 after purchasing an additional 5,303 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 purchasing an additional 52,846 shares in the last quarter. Invesco Ltd. lifted its position in shares of Cohen & Steers by 5.8% during the fourth 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 lifted its position in shares of Cohen & Steers by 2.2% during the fourth 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. 51.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Evercore ISI reduced their target price 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, April 11th.

Cohen & Steers Trading Down 0.7%

Shares of CNS stock opened at $82.93 on Friday. Cohen & Steers, Inc. has a 1 year low of $67.09 and a 1 year high of $110.67. The firm’s 50 day moving average is $77.41 and its 200-day moving average is $87.58. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 27.92 and a beta of 1.39.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. The business had revenue of $133.79 million during the quarter, compared to the consensus estimate of $130.64 million. During the same period in the previous year, the business posted $0.68 earnings per share.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be paid a $0.62 dividend. The ex-dividend date is Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a yield of 2.99%. Cohen & Steers’s payout ratio is presently 81.05%.

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.