Fox Run Management L.L.C. Acquires New Shares in Cohen & Steers, Inc. (NYSE:CNS)

Fox Run Management L.L.C. bought a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) during the 4th quarter, HoldingsChannel reports. The firm bought 3,857 shares of the asset manager’s stock, valued at approximately $356,000.

Other large investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Cohen & Steers during the 4th quarter worth about $536,000. American Century Companies Inc. lifted its holdings in shares of Cohen & Steers by 6.7% in the fourth quarter. American Century Companies Inc. now owns 30,636 shares of the asset manager’s stock worth $2,829,000 after buying an additional 1,930 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Cohen & Steers in the fourth quarter valued at approximately $2,421,000. Teacher Retirement System of Texas purchased a new position in Cohen & Steers during the fourth quarter valued at approximately $1,933,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Cohen & Steers during the 4th quarter worth approximately $101,000. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Price Performance

Shares of NYSE:CNS opened at $80.68 on Thursday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 27.16 and a beta of 1.55. Cohen & Steers, Inc. has a one year low of $64.13 and a one year high of $110.67. The firm has a fifty day moving average price of $85.07 and a two-hundred day moving average price of $92.73.

Cohen & Steers (NYSE:CNS) last posted 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 return on equity of 33.13% and a net margin of 29.24%.

Cohen & Steers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were paid a $0.62 dividend. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Monday, March 3rd. Cohen & Steers’s dividend payout ratio (DPR) is currently 83.50%.

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.