Wells Fargo & Company MN Has $4.53 Million Position in Cohen & Steers, Inc. (NYSE:CNS)

Wells Fargo & Company MN grew its stake in Cohen & Steers, Inc. (NYSE:CNS) by 8.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 49,090 shares of the asset manager’s stock after acquiring an additional 3,961 shares during the period. Wells Fargo & Company MN’s holdings in Cohen & Steers were worth $4,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the company. ExodusPoint Capital Management LP grew its position in Cohen & Steers by 385.3% during the fourth quarter. ExodusPoint Capital Management LP now owns 34,426 shares of the asset manager’s stock worth $3,179,000 after buying an additional 27,332 shares in the last quarter. Bryce Point Capital LLC bought a new stake in shares of Cohen & Steers during the 4th quarter valued at $528,000. Geode Capital Management LLC grew its holdings in shares of Cohen & Steers by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 724,849 shares of the asset manager’s stock worth $66,946,000 after purchasing an additional 15,526 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Cohen & Steers by 19.8% in the fourth quarter. Franklin Resources Inc. now owns 5,093 shares of the asset manager’s stock worth $470,000 after purchasing an additional 842 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Cohen & Steers by 1.1% in the fourth quarter. Alliancebernstein L.P. now owns 37,635 shares of the asset manager’s stock valued at $3,475,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI decreased their target price 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.

Cohen & Steers Price Performance

NYSE CNS opened at $74.39 on Monday. Cohen & Steers, Inc. has a fifty-two week low of $67.09 and a fifty-two week high of $110.67. The business has a fifty day moving average price of $80.32 and a two-hundred day moving average price of $90.37. The stock 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 released its earnings results 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). The business had revenue of $133.79 million during the quarter, compared to the consensus estimate of $130.64 million. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. During the same quarter in the prior year, the firm earned $0.68 EPS.

Cohen & Steers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were paid a $0.62 dividend. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. This represents a $2.48 annualized dividend and a yield of 3.33%. Cohen & Steers’s dividend payout ratio is presently 83.50%.

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.