Cohen & Steers (CNS) Scheduled to Post Quarterly Earnings on Wednesday

Cohen & Steers (NYSE:CNS – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, January 25th. Parties that wish to register for the company’s conference call can do so using this link.

Cohen & Steers Stock Performance

CNS stock traded down $0.07 during trading on Tuesday, hitting $73.34. The stock had a trading volume of 143,625 shares, compared to its average volume of 108,788. The company’s 50 day moving average price is $67.11 and its two-hundred day moving average price is $67.59. Cohen & Steers has a 1-year low of $52.34 and a 1-year high of $88.21. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 17.84 and a beta of 1.28.

Cohen & Steers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 29th. Investors of record on Monday, November 14th were paid a $0.55 dividend. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $2.20 annualized dividend and a yield of 3.00%. Cohen & Steers’s payout ratio is presently 53.53%.

Institutional Trading of Cohen & Steers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Cohen & Steers by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,553,153 shares of the asset manager’s stock valued at $219,291,000 after buying an additional 42,839 shares during the period. Clearbridge Investments LLC grew its holdings in Cohen & Steers by 0.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,334,745 shares of the asset manager’s stock valued at $114,641,000 after buying an additional 7,600 shares during the period. Invesco Ltd. grew its holdings in Cohen & Steers by 7.5% in the 1st quarter. Invesco Ltd. now owns 546,737 shares of the asset manager’s stock valued at $46,960,000 after buying an additional 37,929 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Cohen & Steers by 6.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 506,493 shares of the asset manager’s stock valued at $43,503,000 after buying an additional 31,911 shares during the period. Finally, Eaton Vance Management grew its holdings in shares of Cohen & Steers by 12.9% during the 1st quarter. Eaton Vance Management now owns 431,022 shares of the asset manager’s stock worth $37,020,000 after purchasing an additional 49,397 shares during the period. Hedge funds and other institutional investors own 47.37% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Cohen & Steers from a “buy” rating to a “hold” rating in a report on Saturday, December 24th.

Cohen & Steers Company Profile

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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.