Cohen & Steers, Inc. (NYSE: CNS – GET RATINGS) announced a quarterly dividend on Thursday, August 4, as reported by Jacques. Investors of record on Monday 15th August will receive a dividend of 0.55 per share from the money manager on Thursday 25th August. That equates to a dividend of $2.20 and a yield of 2.94% year over year. The ex-dividend date of this dividend is Friday August 12th.
Cohen & Steers has a payout ratio of 53.5%, suggesting it’s adequately backed by dividend income.
Cohen & Steers price history
NYSE: CNS opened at $74.74 on Friday. Cohen & Steers 1-year low is $62.01 and 1-year high is $101.22. The company has a 50-day moving average of $69.34 and a 200-day moving average of $76.56. The company has a market cap of $3.64 billion, a P/E of 17.54 and a beta of 1.38.
Cohen & Steers (NYSE: CNS – GET RATINGS) released its final earnings results for the quarter on Wednesday, July 20. The money manager reported earnings per share of $0.96 for the quarter, up $0.01 significantly from analyst consensus estimates of $0.95. Cohen & Steers had a net margin of 34.11% and a return on equity of 81.96%. The company’s revenue for the quarter was $147.70 million compared to analyst estimates of $138.26 million. In the same period last year, the company earned $0.94 per share. The company’s revenue for the quarter increased 2.3% compared to the same quarter last year.
Insider transactions at Cohen & Steers
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In related news, CAO Elena Dulik sold 1,200 shares of the stock in a transaction that took place on Monday, August 1st. The shares sold at an average price of $74.28 for a total transaction of $89,136.00. Upon completion of the sale, the Chief Accounting Officer now owns 20,854 shares of the Company, valued at $1,549,035.12. The transaction was disclosed in a filing with the Securities and Exchange Commission available at this hyperlink. Insiders own 48.24% of the company’s shares.
Hedge funds weigh on Cohen and Steer
Institutional investors and hedge funds have recently bought and sold shares in the company. Quantbot Technologies LP increased its stake in Cohen & Steers by 130.4% in the first quarter. After purchasing an additional 446 shares in the previous quarter, Quantbot Technologies LP now owns 788 shares of Asset Manager for $67,000. Acadian Asset Management LLC acquired a new position in Cohen & Steers for $89,000 during the first quarter. The Great West Life Assurance Company increased its stake in Cohen & Steers by 17.8% in the first quarter. The Great West Life Assurance Company can now own 2,461 shares of Asset Manager worth $222,000 after purchasing an additional 372 shares in the previous quarter. Atria Wealth Solutions Inc. acquired a new stake in Cohen & Steers stock valued at $471,000 during the first quarter. Finally, PNC Financial Services Group Inc. increased its stake in Cohen & Steers shares by 7.3% during the first quarter. PNC Financial Services Group Inc. now owns 12,091 shares of Asset Manager, valued at $1,038,000, after purchasing an additional 820 shares in the previous quarter. 47.26% of the shares are owned by hedge funds and other institutional investors.
Wall Street analysts forecast growth
Separately, StockNews.com downgraded shares of Cohen & Steer from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25.
Company profile of Cohen & Steers
(received rating)
Cohen & Steers, Inc. is a publicly held asset management holding company. Through its subsidiaries, the Company offers its services to institutional investors, which includes pension funds, endowments and endowments. It manages diverse client-facing equity, fixed income, multi-asset and commodity portfolios through its subsidiaries.
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