Verition Fund Management LLC Invests $204,000 in Cohen & Steers, Inc. (NYSE:CNS)
Verition Fund Management LLC bought a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,001 shares of the asset manager’s stock, valued at approximately $204,000.
A number of other institutional investors have also recently made changes to their positions in CNS. First Trust Advisors LP lifted its position in shares of Cohen & Steers by 1,335.7% during the first quarter. First Trust Advisors LP now owns 110,624 shares of the asset manager’s stock worth $4,676,000 after purchasing an additional 102,919 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Cohen & Steers in the first quarter valued at $2,034,000. SG Americas Securities LLC grew its stake in Cohen & Steers by 52.9% during the 1st quarter. SG Americas Securities LLC now owns 10,354 shares of the asset manager’s stock worth $471,000 after purchasing an additional 3,583 shares in the last quarter. Arizona State Retirement System purchased a new stake in Cohen & Steers during the 1st quarter worth about $252,000. Finally, Rhumbline Advisers raised its holdings in Cohen & Steers by 45.4% in the first quarter. Rhumbline Advisers now owns 61,420 shares of the asset manager’s stock valued at $2,792,000 after acquiring an additional 19,178 shares in the last quarter. Institutional investors own 45.67% of the company’s stock.
Shares of NYSE:CNS opened at $59.46 on Wednesday. Cohen & Steers, Inc. has a 52 week low of $33.52 and a 52 week high of $78.23. The company’s 50 day moving average is $60.99 and its two-hundred day moving average is $59.78. The company has a market cap of $2.83 billion, a PE ratio of 24.17, a P/E/G ratio of 1.99 and a beta of 1.26.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Friday, August 14th. Cohen & Steers’s dividend payout ratio is currently 60.70%.
In other news, EVP Francis C. Poli sold 1,728 shares of the firm’s stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $71.90, for a total transaction of $124,243.20. Following the transaction, the executive vice president now directly owns 63,791 shares in the company, valued at $4,586,572.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 49.31% of the stock is currently owned by corporate insiders.
About Cohen & Steers
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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