Mirae Asset Global Investments Co. Ltd. Purchases 2,446 Shares of Cohen & Steers Inc (NYSE:CNS)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Cohen & Steers Inc (NYSE:CNS) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,837 shares of the asset manager’s stock after acquiring an additional 2,446 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Cohen & Steers were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNS. Charles Schwab Investment Management Inc. increased its holdings in Cohen & Steers by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager’s stock worth $92,749,000 after acquiring an additional 52,846 shares during the period. Raymond James Financial Inc. bought a new position in shares of Cohen & Steers in the 4th quarter worth $44,737,000. Pillar Financial Advisors LLC bought a new position in shares of Cohen & Steers in the 4th quarter worth $575,000. AlphaQuest LLC bought a new position in shares of Cohen & Steers in the 4th quarter worth $706,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cohen & Steers by 15.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,500 shares of the asset manager’s stock worth $877,000 after buying an additional 1,293 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CNS shares. Evercore ISI decreased their price target on shares of Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Bank of America started coverage on shares of Cohen & Steers in a report on Monday. They issued an “underperform” rating and a $67.00 price target on the stock.

Cohen & Steers Price Performance

Shares of NYSE:CNS opened at $78.01 on Friday. Cohen & Steers Inc has a one year low of $68.99 and a one year high of $110.67. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.56 and a beta of 1.32. The company’s fifty day moving average price is $77.42 and its 200-day moving average price is $81.82.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). Cohen & Steers had a net margin of 29.68% and a return on equity of 30.46%. The business had revenue of $133.79 million during the quarter, compared to analysts’ expectations of $130.64 million. During the same period last year, the company posted $0.68 EPS.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were paid a $0.62 dividend. The ex-dividend date was Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.18%. Cohen & Steers’s dividend payout ratio (DPR) is 81.05%.

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.