Allspring Global Investments Holdings LLC Takes $926,000 Position in Cohen & Steers, Inc. (NYSE:CNS)

Allspring Global Investments Holdings LLC acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,014 shares of the asset manager’s stock, valued at approximately $926,000.

A number of other institutional investors have also added to or reduced their stakes in CNS. Bamco Inc. NY raised its holdings in shares of Cohen & Steers by 1.2% during the third quarter. Bamco Inc. NY now owns 2,785,724 shares of the asset manager’s stock worth $233,360,000 after purchasing an additional 33,090 shares during the period. BlackRock Inc. grew its position in shares of Cohen & Steers by 1.1% during the 3rd quarter. BlackRock Inc. now owns 2,241,799 shares of the asset manager’s stock valued at $187,795,000 after buying an additional 23,871 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in Cohen & Steers by 0.9% in the fourth quarter. Copeland Capital Management LLC now owns 650,967 shares of the asset manager’s stock worth $60,221,000 after acquiring an additional 6,037 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Cohen & Steers by 35.0% in the third quarter. Victory Capital Management Inc. now owns 582,120 shares of the asset manager’s stock worth $48,765,000 after acquiring an additional 150,780 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Cohen & Steers by 15.8% during the third quarter. Invesco Ltd. now owns 454,766 shares of the asset manager’s stock valued at $38,096,000 after purchasing an additional 62,196 shares during the last quarter. 47.26% of the stock is owned by hedge funds and other institutional investors.

CNS stock opened at $82.01 on Friday. The stock has a market cap of $3.99 billion, a PE ratio of 19.07 and a beta of 1.33. The firm’s 50-day simple moving average is $82.10 and its 200 day simple moving average is $87.20. Cohen & Steers, Inc. has a fifty-two week low of $66.48 and a fifty-two week high of $101.22.

Cohen & Steers (NYSE:CNS – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The asset manager reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $154.19 million for the quarter, compared to analyst estimates of $148.56 million. Cohen & Steers had a net margin of 36.21% and a return on equity of 84.70%. Cohen & Steers’s revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 17th. Shareholders of record on Monday, March 7th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, March 4th. This represents a $2.20 annualized dividend and a yield of 2.68%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.45. Cohen & Steers’s payout ratio is presently 51.16%.

Separately, StockNews.com began coverage on Cohen & Steers in a research report on Thursday, March 31st. They set a “buy” rating for the company.

In other news, Director Martin Cohen sold 120,000 shares of the firm’s stock in a transaction on Friday, January 28th. The stock was sold at an average price of $80.20, for a total transaction of $9,624,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 48.24% of the company’s stock.

Cohen & Steers Company Profile (Get Rating)

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.

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