Trajan Wealth LLC Sells 211 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Trajan Wealth LLC lessened its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,362 shares of the asset manager’s stock after selling 211 shares during the period. Trajan Wealth LLC’s holdings in Cohen & Steers were worth $218,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Cohen & Steers in the fourth quarter valued at $44,737,000. Norges Bank bought a new position in shares of Cohen & Steers during the fourth quarter worth about $34,166,000. Lord Abbett & CO. LLC acquired a new position in shares of Cohen & Steers in the third quarter worth approximately $23,988,000. Congress Asset Management Co. increased its position in Cohen & Steers by 22.0% during the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager’s stock valued at $48,763,000 after purchasing an additional 95,185 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Cohen & Steers by 1,460.1% during the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager’s stock worth $9,232,000 after purchasing an additional 93,566 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 0.7 %

Shares of NYSE:CNS opened at $74.39 on Monday. The stock’s 50 day moving average is $80.32 and its 200-day moving average is $90.37. Cohen & Steers, Inc. has a twelve month low of $67.09 and a twelve month high of $110.67. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 25.05 and a beta of 1.46.

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

Cohen & Steers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.48 annualized dividend and a yield of 3.33%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio is 83.50%.

Analyst Ratings Changes

Separately, Evercore ISI decreased their target price on Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, April 11th.

About Cohen & Steers

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.