Occudo Quantitative Strategies LP Purchases New Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Occudo Quantitative Strategies LP purchased a new stake in Cohen & Steers, Inc. (NYSE:CNS) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,794 shares of the asset manager’s stock, valued at approximately $350,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new position in Cohen & Steers in the 4th quarter valued at about $73,000. Johnson Financial Group Inc. lifted its stake in Cohen & Steers by 926.0% in the 4th quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager’s stock worth $91,000 after purchasing an additional 926 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Cohen & Steers in the 4th quarter worth approximately $101,000. KBC Group NV lifted its stake in 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in Cohen & Steers by 755.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,471 shares of the asset manager’s stock worth $136,000 after purchasing an additional 1,299 shares in the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Price Performance

Shares of NYSE CNS opened at $83.62 on Friday. The company has a 50 day simple moving average of $77.36 and a 200-day simple moving average of $87.79. The company has a market capitalization of $4.26 billion, a P/E ratio of 28.15 and a beta of 1.39. Cohen & Steers, Inc. has a 1 year low of $67.09 and a 1 year high of $110.67.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results 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). The firm had revenue of $133.79 million for the quarter, compared to analyst estimates of $130.64 million. Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. During the same quarter in the prior year, the business earned $0.68 EPS.

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.97%. Cohen & Steers’s dividend payout ratio is currently 81.05%.

Analyst Ratings Changes

Separately, Evercore ISI decreased 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 note 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.