MML Investors Services LLC Sells 162 Shares of Cohen & Steers, Inc. (NYSE:CNS)

MML Investors Services LLC reduced its holdings in Cohen & Steers, Inc. (NYSE:CNS – Get Rating) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,932 shares of the asset manager’s stock after selling 162 shares during the quarter. MML Investors Services LLC’s holdings in Cohen & Steers were worth $309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CNS. American Century Companies Inc. increased its holdings in shares of Cohen & Steers by 7.4% in the 1st quarter. American Century Companies Inc. now owns 14,748 shares of the asset manager’s stock worth $1,267,000 after buying an additional 1,012 shares during the last quarter. Citigroup Inc. increased its position in shares of Cohen & Steers by 83.4% during the 1st quarter. Citigroup Inc. now owns 16,988 shares of the asset manager’s stock valued at $1,459,000 after purchasing an additional 7,727 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Cohen & Steers by 7.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,091 shares of the asset manager’s stock valued at $1,038,000 after buying an additional 820 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Cohen & Steers in the first quarter worth approximately $89,000. Finally, MetLife Investment Management LLC grew its position in Cohen & Steers by 53.0% during the first quarter. MetLife Investment Management LLC now owns 13,124 shares of the asset manager’s stock valued at $1,127,000 after acquiring an additional 4,544 shares during the last quarter. Hedge funds and other institutional investors own 47.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cohen & Steers Trading Down 3.9 %

NYSE CNS opened at $68.21 on Friday. The stock has a 50-day moving average of $71.96 and a 200-day moving average of $67.76. Cohen & Steers, Inc. has a 1-year low of $52.34 and a 1-year high of $88.21. The firm has a market cap of $3.35 billion, a PE ratio of 19.66 and a beta of 1.36.

Cohen & Steers (NYSE:CNS – Get Rating) last issued its earnings results on Wednesday, January 25th. The asset manager reported $0.79 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.02). The firm 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 firm’s quarterly revenue was down 21.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share.

Cohen & Steers Increases Dividend

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

Cohen & Steers Profile

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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.