Jefferies Group LLC Purchases New Holdings in Cohen & Steers, Inc. (CNS)

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.

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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.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, January 24th. The asset manager reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Cohen & Steers had a return on equity of 33.83% and a net margin of 24.31%. The business had revenue of $99.40 million for the quarter, compared to analysts’ expectations of $98.08 million. During the same period last year, the business earned $0.48 EPS. The business’s revenue was up 11.2% on a year-over-year basis. equities analysts forecast that Cohen & Steers, Inc. will post 2.57 EPS for the current year.

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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Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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