Cohen & Steers Inc (NYSE:CNS) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 5.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,058,309 shares of the asset manager’s stock after purchasing an additional 53,876 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Cohen & Steers were worth $84,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pillar Financial Advisors LLC lifted its position in Cohen & Steers by 125.0% during the first quarter. Pillar Financial Advisors LLC now owns 14,008 shares of the asset manager’s stock valued at $1,124,000 after purchasing an additional 7,781 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Cohen & Steers by 21.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 28,903 shares of the asset manager’s stock worth $2,319,000 after acquiring an additional 5,037 shares during the period. GAMMA Investing LLC raised its position in shares of Cohen & Steers by 36.1% in the first quarter. GAMMA Investing LLC now owns 992 shares of the asset manager’s stock worth $80,000 after acquiring an additional 263 shares during the period. Wells Fargo & Company MN raised its position in shares of Cohen & Steers by 8.8% in the fourth quarter. Wells Fargo & Company MN now owns 49,090 shares of the asset manager’s stock worth $4,533,000 after acquiring an additional 3,961 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Cohen & Steers by 46.7% in the fourth quarter. Deutsche Bank AG now owns 25,298 shares of the asset manager’s stock worth $2,336,000 after acquiring an additional 8,059 shares during the period. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Bank of America decreased their price objective on shares of Cohen & Steers from $67.00 to $66.00 and set an “underperform” rating for the company in a research report on Monday, July 21st.

Cohen & Steers Stock Performance

Shares of Cohen & Steers stock opened at $77.85 on Thursday. The firm has a 50-day simple moving average of $75.55 and a two-hundred day simple moving average of $78.77. The company has a market cap of $3.97 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 2.43 and a beta of 1.38. Cohen & Steers Inc has a fifty-two week low of $68.99 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Thursday, July 17th. The asset manager reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The firm had revenue of $135.32 million during the quarter, compared to analyst estimates of $134.59 million. Cohen & Steers had a return on equity of 29.95% and a net margin of 29.82%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS.

Cohen & Steers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Monday, August 11th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.2%. Cohen & Steers’s payout ratio is currently 78.73%.

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.