Royce & Associates LP Boosts Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Royce & Associates LP raised its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,628 shares of the asset manager’s stock after acquiring an additional 580 shares during the quarter. Royce & Associates LP’s holdings in Cohen & Steers were worth $889,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNS. KBC Group NV purchased a new position in shares of Cohen & Steers in the third quarter worth about $106,000. CIBC Asset Management Inc purchased a new position in shares of Cohen & Steers in the third quarter worth about $243,000. Intech Investment Management LLC purchased a new position in shares of Cohen & Steers in the third quarter worth about $629,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Cohen & Steers by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock worth $91,305,000 after buying an additional 52,103 shares in the last quarter. Finally, Fisher Asset Management LLC purchased a new position in shares of Cohen & Steers in the third quarter worth about $615,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Trading Down 0.2 %

NYSE:CNS opened at $78.77 on Friday. The company’s 50-day moving average price is $85.38 and its 200-day moving average price is $92.83. The company has a market cap of $4.01 billion, a P/E ratio of 26.52 and a beta of 1.55. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a dividend of $0.62 per share. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 3.15%. The ex-dividend date was Monday, March 3rd. Cohen & Steers’s dividend payout ratio (DPR) is presently 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.