Nebula Research & Development LLC Purchases Shares of 6,258 Cohen & Steers, Inc. (NYSE:CNS)

Nebula Research & Development LLC acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,258 shares of the asset manager’s stock, valued at approximately $578,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Cohen & Steers during the 4th quarter worth about $44,737,000. Norges Bank acquired a new stake in shares of Cohen & Steers during the 4th quarter worth approximately $34,166,000. Lord Abbett & CO. LLC acquired a new stake in shares of Cohen & Steers during the 3rd quarter worth approximately $23,988,000. Congress Asset Management Co. increased its stake in Cohen & Steers by 22.0% in the fourth 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 in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Cohen & Steers by 1,460.1% in the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager’s stock valued at $9,232,000 after buying an additional 93,566 shares during the period. 51.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Cohen & Steers Stock Performance

Shares of NYSE CNS opened at $76.20 on Tuesday. The company has a fifty day moving average price of $79.07 and a 200 day moving average price of $89.63. Cohen & Steers, Inc. has a 1-year low of $67.09 and a 1-year high of $110.67. The firm has a market cap of $3.88 billion, a PE ratio of 25.66 and a beta of 1.46.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $130.64 million. During the same quarter in the prior year, the company 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. Shareholders of record on Monday, March 3rd were issued a $0.62 dividend. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 3.25%. The ex-dividend date was Monday, March 3rd. Cohen & Steers’s dividend payout ratio is currently 81.05%.

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.