Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC cut its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,249 shares of the asset manager’s stock after selling 288 shares during the quarter. Personal CFO Solutions LLC’s holdings in Cohen & Steers were worth $392,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its holdings in shares of Cohen & Steers by 4.8% in the 3rd quarter. New York State Teachers Retirement System now owns 6,480 shares of the asset manager’s stock valued at $622,000 after purchasing an additional 294 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Cohen & Steers by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock valued at $79,000 after purchasing an additional 119 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in shares of Cohen & Steers in the 3rd quarter valued at $272,000. Covestor Ltd raised its holdings in shares of Cohen & Steers by 1,172.2% in the 3rd quarter. Covestor Ltd now owns 1,603 shares of the asset manager’s stock valued at $154,000 after purchasing an additional 1,477 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Cohen & Steers in the 3rd quarter valued at $211,000. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Trading Up 1.4 %

Shares of CNS opened at $87.23 on Monday. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67. The firm’s fifty day simple moving average is $87.68 and its 200-day simple moving average is $93.51. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 29.37 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate 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 will be paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.62 per share. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 2.84%. The ex-dividend date is Monday, March 3rd. Cohen & Steers’s dividend payout ratio (DPR) is presently 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.