Alliancebernstein L.P. Grows Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Alliancebernstein L.P. grew its position in Cohen & Steers, Inc. (NYSE:CNS) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,635 shares of the asset manager’s stock after acquiring an additional 414 shares during the period. Alliancebernstein L.P.’s holdings in Cohen & Steers were worth $3,475,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Cohen & Steers by 19.5% in the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock worth $67,000 after acquiring an additional 119 shares during the last quarter. Monument Capital Management boosted its stake in Cohen & Steers by 6.6% during the 4th quarter. Monument Capital Management now owns 2,998 shares of the asset manager’s stock worth $277,000 after purchasing an additional 186 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Cohen & Steers by 4.8% during the third quarter. MML Investors Services LLC now owns 5,045 shares of the asset manager’s stock worth $484,000 after buying an additional 229 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Cohen & Steers by 4.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,364 shares of the asset manager’s stock valued at $495,000 after buying an additional 230 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Cohen & Steers by 0.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 26,353 shares of the asset manager’s stock worth $2,433,000 after buying an additional 245 shares in the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Trading Up 1.3 %

Cohen & Steers stock opened at $74.55 on Tuesday. The stock has a market cap of $3.80 billion, a P/E ratio of 25.10 and a beta of 1.46. The company has a 50-day moving average price of $81.40 and a 200 day moving average price of $90.91. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate 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. Stockholders of record on Monday, March 3rd were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s payout ratio is currently 83.50%.

Analysts Set New Price Targets

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

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.