BNP Paribas Financial Markets Has $453,000 Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

BNP Paribas Financial Markets cut its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 66.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,907 shares of the asset manager’s stock after selling 9,656 shares during the period. BNP Paribas Financial Markets’ holdings in Cohen & Steers were worth $453,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Cohen & Steers by 21.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,391 shares of the asset manager’s stock valued at $1,810,000 after acquiring an additional 3,366 shares during the period. Principal Financial Group Inc. grew its stake in shares of Cohen & Steers by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 130,825 shares of the asset manager’s stock valued at $12,080,000 after buying an additional 3,835 shares during the last quarter. Norges Bank purchased a new stake in shares of Cohen & Steers during the fourth quarter valued at approximately $34,166,000. Pillar Financial Advisors LLC purchased a new position in shares of Cohen & Steers in the fourth quarter valued at about $575,000. Finally, Barclays PLC grew its position in shares of Cohen & Steers by 286.1% in the 3rd quarter. Barclays PLC now owns 50,765 shares of the asset manager’s stock worth $4,871,000 after buying an additional 37,616 shares during the last quarter. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Trading Down 0.2%

CNS stock opened at $75.89 on Monday. The stock has a market capitalization of $3.87 billion, a PE ratio of 25.55 and a beta of 1.39. The stock’s 50 day simple moving average is $77.49 and its 200 day simple moving average is $86.73. Cohen & Steers, Inc. has a 12-month low of $67.09 and a 12-month high of $110.67.

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

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Monday, May 12th. Cohen & Steers’s dividend payout ratio (DPR) is 81.05%.

Analyst Ratings Changes

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.

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.