Jefferies Group LLC purchased a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,389 shares of the asset manager’s stock, valued at approximately $302,000.
Several other institutional investors have also bought and sold shares of the business. Citadel Advisors LLC bought a new position in shares of Cohen & Steers in the 3rd quarter worth $215,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Cohen & Steers in the 3rd quarter worth $251,000. PEAK6 Investments L.P. bought a new position in shares of Cohen & Steers in the 3rd quarter worth $262,000. Koch Industries Inc. bought a new position in shares of Cohen & Steers in the 4th quarter worth $287,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Cohen & Steers by 51.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,434 shares of the asset manager’s stock worth $293,000 after purchasing an additional 2,534 shares in the last quarter. Hedge funds and other institutional investors own 47.41% of the company’s stock.
Cohen & Steers, Inc. (NYSE CNS) opened at $39.74 on Monday. Cohen & Steers, Inc. has a 52 week low of $36.29 and a 52 week high of $47.83. The firm has a market capitalization of $1,857.37, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.18 and a beta of 1.38.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, March 7th. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.28. This represents a $1.32 annualized dividend and a yield of 3.32%. Cohen & Steers’s dividend payout ratio (DPR) is 67.69%.
CNS has been the topic of a number of recent research reports. Zacks Investment Research upgraded Cohen & Steers from a “hold” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a report on Wednesday, January 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $49.00 target price on shares of Cohen & Steers in a report on Friday, December 22nd. Finally, Gabelli cut Cohen & Steers from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a report on Thursday, January 11th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.80.
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Cohen & Steers Company Profile
Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.
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