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

Wells Fargo & Company MN lifted its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,090 shares of the asset manager’s stock after buying an additional 3,961 shares during the quarter. Wells Fargo & Company MN owned about 0.10% of Cohen & Steers worth $4,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new position in shares of Cohen & Steers in the third quarter worth about $32,000. GAMMA Investing LLC raised its position in Cohen & Steers by 19.5% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock worth $67,000 after purchasing an additional 119 shares during the last quarter. R Squared Ltd bought a new position in Cohen & Steers in the 4th quarter valued at $73,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Cohen & Steers in the 4th quarter valued at $101,000. Finally, KBC Group NV raised its position in shares of Cohen & Steers by 27.4% during the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager’s stock worth $130,000 after acquiring an additional 304 shares during the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

Shares of CNS stock opened at $74.39 on Monday. The firm’s 50 day moving average price is $80.32 and its two-hundred day moving average price is $90.37. The stock has a market cap of $3.79 billion, a PE ratio of 25.05 and a beta of 1.46. Cohen & Steers, Inc. has a 52-week low of $67.09 and a 52-week high of $110.67.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. The company had revenue of $133.79 million for the quarter, compared to analyst estimates of $130.64 million. During the same period last year, the firm earned $0.68 earnings per share.

Cohen & Steers Increases Dividend

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

Analysts Set New Price Targets

Separately, Evercore ISI lowered their price objective on Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, April 11th.

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.