1,095 Shares in Cohen & Steers, Inc. (NYSE:CNS) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new position in Cohen & Steers, Inc. (NYSE:CNS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,095 shares of the asset manager’s stock, valued at approximately $101,000.

Other large investors have also modified their holdings of the company. State Street Corp increased its holdings in shares of Cohen & Steers by 0.8% in the 3rd quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock worth $105,369,000 after acquiring an additional 8,774 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Cohen & Steers by 21.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,391 shares of the asset manager’s stock worth $1,810,000 after acquiring an additional 3,366 shares during the period. Principal Financial Group Inc. increased its stake in Cohen & Steers by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 130,825 shares of the asset manager’s stock valued at $12,080,000 after buying an additional 3,835 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Cohen & Steers by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock valued at $91,305,000 after buying an additional 52,103 shares during the period. Finally, Pillar Financial Advisors LLC acquired a new position in Cohen & Steers during the 4th quarter valued at about $575,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Trading Down 0.2 %

Cohen & Steers stock opened at $78.77 on Friday. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 26.52 and a beta of 1.55. The company’s 50-day moving average price is $85.38 and its two-hundred day moving average price is $92.87. Cohen & Steers, Inc. has a 52 week low of $64.13 and a 52 week high of $110.67.

Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.62 per share. 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. This represents a $2.48 annualized dividend and a yield of 3.15%. Cohen & Steers’s dividend payout ratio (DPR) is presently 83.50%.

Cohen & Steers Company 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.