Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 4,482 Cohen & Steers, Inc. (NYSE:CNS)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cohen & Steers, Inc. (NYSE:CNS) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,482 shares of the asset manager’s stock, valued at approximately $414,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Cohen & Steers in the fourth quarter valued at approximately $44,737,000. Lord Abbett & CO. LLC purchased a new stake in shares of Cohen & Steers during the 3rd quarter valued at $23,988,000. Congress Asset Management Co. boosted its position in shares of Cohen & Steers by 22.0% in the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager’s stock worth $48,763,000 after purchasing an additional 95,185 shares in the last quarter. Fisher Asset Management LLC grew its stake in Cohen & Steers by 1,460.1% during the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager’s stock worth $9,232,000 after buying an additional 93,566 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Cohen & Steers by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager’s stock valued at $92,749,000 after buying an additional 52,846 shares in the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

Shares of NYSE CNS opened at $78.77 on Monday. Cohen & Steers, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $110.67. The company has a market cap of $4.01 billion, a PE ratio of 26.52 and a beta of 1.55. The business has a 50-day simple moving average of $85.38 and a two-hundred day simple moving average of $92.91.

Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates 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. Investors of record on Monday, March 3rd were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.15%. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, March 3rd. Cohen & Steers’s dividend payout ratio is presently 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.