Public Sector Pension Investment Board Has $6.82 Million Stock Position in Cohen & Steers Inc (NYSE:CNS)

Public Sector Pension Investment Board grew its stake in Cohen & Steers Inc (NYSE:CNS) by 27.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,012 shares of the asset manager’s stock after purchasing an additional 18,226 shares during the quarter. Public Sector Pension Investment Board owned about 0.17% of Cohen & Steers worth $6,822,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Nuveen LLC acquired a new position in shares of Cohen & Steers in the 1st quarter valued at $6,193,000. Entropy Technologies LP acquired a new position in shares of Cohen & Steers in the 1st quarter valued at $441,000. Covestor Ltd lifted its stake in shares of Cohen & Steers by 12.8% in the 1st quarter. Covestor Ltd now owns 1,678 shares of the asset manager’s stock valued at $135,000 after purchasing an additional 191 shares during the period. Townsquare Capital LLC lifted its stake in shares of Cohen & Steers by 11.8% in the 1st quarter. Townsquare Capital LLC now owns 36,072 shares of the asset manager’s stock valued at $2,895,000 after purchasing an additional 3,816 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Cohen & Steers by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the asset manager’s stock valued at $84,929,000 after purchasing an additional 53,876 shares during the period. Institutional investors and hedge funds own 51.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Bank of America dropped their price objective on Cohen & Steers from $67.00 to $66.00 and set an “underperform” rating on the stock in a research note on Monday, July 21st.

Cohen & Steers Trading Down 2.2%

Shares of Cohen & Steers stock opened at $74.94 on Friday. The company has a market capitalization of $3.82 billion, a PE ratio of 23.79, a PEG ratio of 2.47 and a beta of 1.38. Cohen & Steers Inc has a 12 month low of $68.99 and a 12 month high of $110.67. The stock’s fifty day simple moving average is $75.56 and its 200 day simple moving average is $78.57.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Thursday, July 17th. The asset manager reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $135.32 million for the quarter, compared to analyst estimates of $134.59 million. Cohen & Steers had a return on equity of 29.95% and a net margin of 29.82%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS.

Cohen & Steers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Monday, August 11th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, August 11th. Cohen & Steers’s dividend payout ratio (DPR) is presently 78.73%.

Cohen & Steers 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.