Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its stake in Cohen & Steers, Inc. (NYSE:CNSGet Rating) by 67.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,085 shares of the asset manager’s stock after selling 26,961 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Cohen & Steers were worth $820,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CNS. Bridgewater Associates LP grew its position in shares of Cohen & Steers by 1,122.5% in the second quarter. Bridgewater Associates LP now owns 224,288 shares of the asset manager’s stock valued at $14,262,000 after purchasing an additional 205,941 shares during the period. Nuveen Asset Management LLC grew its position in shares of Cohen & Steers by 56.2% in the third quarter. Nuveen Asset Management LLC now owns 257,093 shares of the asset manager’s stock valued at $16,102,000 after purchasing an additional 92,483 shares during the period. Renaissance Technologies LLC grew its position in shares of Cohen & Steers by 605.7% in the second quarter. Renaissance Technologies LLC now owns 102,412 shares of the asset manager’s stock valued at $6,512,000 after purchasing an additional 87,900 shares during the period. Victory Capital Management Inc. grew its position in shares of Cohen & Steers by 7.5% in the third quarter. Victory Capital Management Inc. now owns 1,134,754 shares of the asset manager’s stock valued at $71,069,000 after purchasing an additional 78,809 shares during the period. Finally, Eaton Vance Management grew its position in shares of Cohen & Steers by 12.9% in the first quarter. Eaton Vance Management now owns 431,022 shares of the asset manager’s stock valued at $37,020,000 after purchasing an additional 49,397 shares during the period. Institutional investors and hedge funds own 47.37% of the company’s stock.

Cohen & Steers Trading Down 3.9 %

NYSE:CNS opened at $68.21 on Friday. The company’s 50-day moving average price is $71.96 and its 200-day moving average price is $67.76. The company has a market cap of $3.35 billion, a P/E ratio of 19.66 and a beta of 1.36. Cohen & Steers, Inc. has a twelve month low of $52.34 and a twelve month high of $88.21.

Cohen & Steers (NYSE:CNSGet Rating) last posted its quarterly earnings results on Wednesday, January 25th. The asset manager reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.02). The business had revenue of $125.34 million during the quarter, compared to analysts’ expectations of $120.45 million. Cohen & Steers had a return on equity of 60.65% and a net margin of 30.17%. The business’s quarterly revenue was down 21.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share.

Cohen & Steers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Monday, March 6th will be paid a $0.57 dividend. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, March 3rd. Cohen & Steers’s dividend payout ratio (DPR) is currently 65.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Saturday, December 24th.

About Cohen & Steers

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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.

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Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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