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

EAM Global Investors LLC purchased a new stake in Cohen & Steers, Inc. (NYSE:CNS) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 34,751 shares of the asset manager’s stock, valued at approximately $3,209,000.

Other hedge funds also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in Cohen & Steers in the 4th quarter valued at approximately $301,000. Barclays PLC boosted its holdings in shares of Cohen & Steers by 11.6% during the 4th quarter. Barclays PLC now owns 56,664 shares of the asset manager’s stock valued at $5,233,000 after acquiring an additional 5,899 shares in the last quarter. Townsquare Capital LLC grew its position in Cohen & Steers by 16.4% during the 4th quarter. Townsquare Capital LLC now owns 32,256 shares of the asset manager’s stock worth $2,979,000 after acquiring an additional 4,554 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Cohen & Steers during the 4th quarter worth $44,737,000. Finally, Legal & General Group Plc raised its position in Cohen & Steers by 0.3% in the fourth quarter. Legal & General Group Plc now owns 83,671 shares of the asset manager’s stock valued at $7,726,000 after purchasing an additional 289 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Evercore ISI reduced their price target on 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 Stock Performance

CNS stock opened at $74.59 on Wednesday. The company has a market capitalization of $3.80 billion, a P/E ratio of 25.12 and a beta of 1.46. The company has a fifty day moving average price of $81.11 and a 200-day moving average price of $90.80. Cohen & Steers, Inc. has a 52-week low of $64.13 and a 52-week high of $110.67.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (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 company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio 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.