ProShare Advisors LLC Has $7.85 Million Position in Cohen & Steers, Inc. (NYSE:CNS)

ProShare Advisors LLC lessened its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,012 shares of the asset manager’s stock after selling 322 shares during the period. ProShare Advisors LLC owned approximately 0.17% of Cohen & Steers worth $7,850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised 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 buying an additional 3,366 shares in the last quarter. Principal Financial Group Inc. grew its position in Cohen & Steers by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 130,825 shares of the asset manager’s stock valued at $12,080,000 after acquiring an additional 3,835 shares during the period. Norges Bank acquired a new position in Cohen & Steers during the fourth quarter worth $34,166,000. Pillar Financial Advisors LLC bought a new position in shares of Cohen & Steers during the fourth quarter valued at $575,000. Finally, Barclays PLC boosted its stake in shares of Cohen & Steers by 286.1% in the 3rd quarter. Barclays PLC now owns 50,765 shares of the asset manager’s stock valued at $4,871,000 after purchasing an additional 37,616 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Price Performance

Shares of CNS opened at $82.93 on Friday. The company has a market capitalization of $4.23 billion, a P/E ratio of 27.92 and a beta of 1.39. Cohen & Steers, Inc. has a one year low of $67.09 and a one year high of $110.67. The business’s 50 day simple moving average is $77.41 and its 200-day simple moving average is $87.58.

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 during the quarter, compared to analyst estimates of $130.64 million. During the same period in the prior year, the firm posted $0.68 EPS.

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Monday, May 12th. Cohen & Steers’s dividend payout ratio is currently 81.05%.

Analysts Set New Price Targets

Separately, Evercore ISI cut 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 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.