Harbor Capital Advisors Inc. Boosts Stake in Cohen & Steers, Inc. (NYSE:CNS)

Harbor Capital Advisors Inc. grew its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,353 shares of the asset manager’s stock after buying an additional 245 shares during the period. Harbor Capital Advisors Inc. owned 0.05% of Cohen & Steers worth $2,433,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CNS. State Street Corp increased its position in Cohen & Steers by 0.8% during the 3rd quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock worth $105,369,000 after purchasing an additional 8,774 shares in the last quarter. Creative Planning boosted its stake in shares of Cohen & Steers by 9.5% during the 2nd quarter. Creative Planning now owns 11,940 shares of the asset manager’s stock worth $866,000 after purchasing an additional 1,034 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Cohen & Steers by 101.6% during the second quarter. Rhumbline Advisers now owns 77,146 shares of the asset manager’s stock worth $5,598,000 after buying an additional 38,887 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Cohen & Steers in the third quarter valued at approximately $5,025,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Cohen & Steers by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock valued at $91,305,000 after buying an additional 52,103 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Stock Down 4.3 %

NYSE:CNS opened at $85.66 on Friday. The company has a market cap of $4.33 billion, a P/E ratio of 31.96 and a beta of 1.55. The firm’s 50 day moving average is $98.00 and its two-hundred day moving average is $91.39. Cohen & Steers, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $133.20 million for the quarter, compared to analyst estimates of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Monday, November 18th. Cohen & Steers’s dividend payout ratio (DPR) is presently 88.06%.

Analyst Ratings Changes

Several research analysts have weighed in on CNS shares. Evercore ISI boosted their price target on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group upgraded Cohen & Steers from a “sell” rating to a “neutral” rating and upped their target price for the company from $63.00 to $102.00 in a research note on Thursday, October 17th.

Cohen & Steers Company Profile

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.