PNC Financial Services Group Inc. Has $332,000 Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

PNC Financial Services Group Inc. lessened its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 13.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,592 shares of the asset manager’s stock after selling 562 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cohen & Steers were worth $332,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Cohen & Steers in the 4th quarter worth about $44,737,000. Charles Schwab Investment Management Inc. raised its stake in Cohen & Steers by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager’s stock worth $92,749,000 after purchasing an additional 52,846 shares in the last quarter. Fisher Asset Management LLC raised its stake in Cohen & Steers by 1,460.1% in the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager’s stock worth $9,232,000 after purchasing an additional 93,566 shares in the last quarter. Versor Investments LP acquired a new stake in Cohen & Steers in the 4th quarter worth about $357,000. Finally, Illinois Municipal Retirement Fund raised its stake in Cohen & Steers by 7.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 14,757 shares of the asset manager’s stock worth $1,363,000 after purchasing an additional 1,074 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Down 0.2 %

Shares of Cohen & Steers stock opened at $78.77 on Friday. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67. The company has a 50-day simple moving average of $85.38 and a two-hundred day simple moving average of $92.83. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 26.52 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.

Cohen & Steers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were issued a $0.62 dividend. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 3.15%. The ex-dividend date was Monday, March 3rd. Cohen & Steers’s dividend payout ratio (DPR) is currently 83.50%.

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.