Franklin Resources Inc. Has $470,000 Position in Cohen & Steers, Inc. (NYSE:CNS)

Franklin Resources Inc. raised its stake in Cohen & Steers, Inc. (NYSE:CNS) by 19.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,093 shares of the asset manager’s stock after buying an additional 842 shares during the quarter. Franklin Resources Inc.’s holdings in Cohen & Steers were worth $470,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Westside Investment Management Inc. bought a new position in shares of Cohen & Steers in the third quarter worth $32,000. GAMMA Investing LLC grew its stake in Cohen & Steers by 19.5% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock worth $67,000 after buying an additional 119 shares in the last quarter. R Squared Ltd bought a new position in Cohen & Steers in the 4th quarter valued at about $73,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Cohen & Steers in the 4th quarter valued at approximately $101,000. Finally, KBC Group NV lifted its holdings in shares of 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 during the period. 51.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Evercore ISI decreased their price objective on shares of Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th.

Cohen & Steers Stock Up 0.7 %

NYSE:CNS opened at $74.39 on Friday. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67. The stock’s 50-day simple moving average is $80.55 and its 200 day simple moving average is $90.53. The firm has a market capitalization of $3.79 billion, a PE ratio of 25.05 and a beta of 1.46.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). The company had revenue of $133.79 million during the quarter, compared to the consensus estimate of $130.64 million. Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. During the same period last year, the company posted $0.68 EPS.

Cohen & Steers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a $0.62 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.33%. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s dividend payout ratio (DPR) is currently 83.50%.

About Cohen & Steers

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.