Cohen & Steers (CNS) to Release Quarterly Earnings on Wednesday

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

Cohen & Steers Trading Down 0.1 %

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

Cohen & Steers Increases Dividend

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

Institutional Investors Weigh In On Cohen & Steers

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP lifted its holdings in shares of Cohen & Steers by 130.4% during the first quarter. Quantbot Technologies LP now owns 788 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 446 shares during the last quarter. Acadian Asset Management LLC bought a new position in Cohen & Steers during the 1st quarter valued at approximately $89,000. Captrust Financial Advisors raised its stake in Cohen & Steers by 14.0% during the second quarter. Captrust Financial Advisors now owns 2,812 shares of the asset manager’s stock valued at $179,000 after buying an additional 346 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Cohen & Steers by 17.8% in the first quarter. Great West Life Assurance Co. Can now owns 2,461 shares of the asset manager’s stock worth $222,000 after acquiring an additional 372 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Cohen & Steers by 65.5% in the second quarter. LPL Financial LLC now owns 4,078 shares of the asset manager’s stock worth $259,000 after acquiring an additional 1,614 shares during the last quarter. Institutional investors own 47.37% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Cohen & Steers from a “buy” rating to a “hold” rating in a research 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.