Victory Capital Management Inc. Cuts Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Victory Capital Management Inc. lowered its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 30.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,119,880 shares of the asset manager’s stock after selling 489,426 shares during the period. Victory Capital Management Inc.’s holdings in Cohen & Steers were worth $103,410,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CNS. New York State Teachers Retirement System increased its position in shares of Cohen & Steers by 4.8% during the third quarter. New York State Teachers Retirement System now owns 6,480 shares of the asset manager’s stock worth $622,000 after acquiring an additional 294 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Cohen & Steers by 16.9% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after purchasing an additional 119 shares in the last quarter. Portside Wealth Group LLC acquired a new position in shares of Cohen & Steers during the third quarter worth $272,000. Covestor Ltd grew its stake in shares of Cohen & Steers by 1,172.2% during the third quarter. Covestor Ltd now owns 1,603 shares of the asset manager’s stock worth $154,000 after purchasing an additional 1,477 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Cohen & Steers during the third quarter worth $211,000. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI boosted their target price on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Cohen & Steers Trading Up 0.4 %

Shares of CNS stock opened at $82.92 on Thursday. The firm has a fifty day moving average price of $88.18 and a 200 day moving average price of $93.50. The company has a market cap of $4.23 billion, a P/E ratio of 27.92 and a beta of 1.56. Cohen & Steers, Inc. has a 12 month low of $64.13 and a 12 month high of $110.67.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.62 per share. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.48 annualized dividend and a dividend yield of 2.99%. Cohen & Steers’s dividend payout ratio is 83.50%.

About Cohen & Steers

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.