Swiss National Bank Buys 500 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Swiss National Bank grew its stake in Cohen & Steers, Inc. (NYSE:CNS) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,700 shares of the asset manager’s stock after acquiring an additional 500 shares during the quarter. Swiss National Bank’s holdings in Cohen & Steers were worth $5,051,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Intech Investment Management LLC bought a new stake in Cohen & Steers in the third quarter valued at approximately $629,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Cohen & Steers by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock valued at $91,305,000 after buying an additional 52,103 shares during the period. Fisher Asset Management LLC bought a new stake in shares of Cohen & Steers in the 3rd quarter valued at $615,000. Horizon Kinetics Asset Management LLC raised its stake in Cohen & Steers by 4.0% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 4,478 shares of the asset manager’s stock worth $430,000 after buying an additional 172 shares during the period. Finally, Associated Banc Corp bought a new position in Cohen & Steers during the third quarter worth about $243,000. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock opened at $80.92 on Tuesday. The company has a market capitalization of $4.12 billion, a P/E ratio of 27.25 and a beta of 1.55. The business has a 50-day moving average of $85.30 and a two-hundred day moving average of $92.86. Cohen & Steers, Inc. has a 1 year low of $64.13 and a 1 year high of $110.67.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 disclosed 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. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, March 3rd. Cohen & Steers’s dividend payout ratio (DPR) is presently 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.