Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in Cohen & Steers, Inc. (NYSE:CNS) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,712 shares of the asset manager’s stock after selling 327 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Cohen & Steers were worth $1,913,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. purchased a new stake in Cohen & Steers during the 3rd quarter worth about $32,000. GAMMA Investing LLC increased its stake in Cohen & Steers by 19.5% in the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 119 shares during the last quarter. R Squared Ltd purchased a new position in shares of Cohen & Steers in the 4th quarter valued at $73,000. KBC Group NV raised its stake in Cohen & Steers by 27.4% during the 4th quarter. KBC Group NV now owns 1,412 shares of the asset manager’s stock worth $130,000 after acquiring an additional 304 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in Cohen & Steers in the fourth quarter valued at $238,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Stock Performance

Shares of CNS stock opened at $78.65 on Friday. The stock’s 50-day moving average is $84.72 and its two-hundred day moving average is $92.61. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 26.48 and a beta of 1.55. 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 quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.62 per share. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. This represents a $2.48 annualized dividend and a dividend yield of 3.15%. Cohen & Steers’s dividend payout ratio is 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.