Envestnet Portfolio Solutions Inc. Boosts Position in Cohen & Steers, Inc. (NYSE:CNS)

Envestnet Portfolio Solutions Inc. raised its stake in Cohen & Steers, Inc. (NYSE:CNS) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,364 shares of the asset manager’s stock after acquiring an additional 230 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Cohen & Steers were worth $495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Cohen & Steers by 0.8% in the 3rd quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock valued at $105,369,000 after buying an additional 8,774 shares during the last quarter. Copeland Capital Management LLC boosted its stake in Cohen & Steers by 0.5% in the fourth quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager’s stock valued at $101,242,000 after acquiring an additional 5,303 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Cohen & Steers by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager’s stock worth $92,749,000 after purchasing an additional 52,846 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Cohen & Steers by 4.9% during the third quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager’s stock worth $68,071,000 after purchasing an additional 33,414 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in shares of Cohen & Steers by 22.0% in the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager’s stock valued at $48,763,000 after purchasing an additional 95,185 shares during the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Up 0.2 %

NYSE:CNS opened at $81.10 on Wednesday. The company has a market capitalization of $4.13 billion, a PE ratio of 27.31 and a beta of 1.55. Cohen & Steers, Inc. has a 52-week low of $64.13 and a 52-week high of $110.67. The stock’s 50 day moving average price is $85.20 and its 200 day moving average price is $92.82.

Cohen & Steers (NYSE:CNS) last announced 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were paid a $0.62 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 3.06%. Cohen & Steers’s payout ratio is currently 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.