EFG Asset Management North America Corp. Buys 32,228 Shares of Cohen & Steers, Inc. (NYSE:CNS)

EFG Asset Management North America Corp. raised its stake in Cohen & Steers, Inc. (NYSE:CNS) by 169.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 51,226 shares of the asset manager’s stock after buying an additional 32,228 shares during the period. EFG Asset Management North America Corp.’s holdings in Cohen & Steers were worth $4,737,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Cohen & Steers during the fourth quarter valued at about $44,737,000. Lord Abbett & CO. LLC bought a new position in Cohen & Steers in the 3rd quarter valued at approximately $23,988,000. Congress Asset Management Co. boosted its position in Cohen & Steers by 22.0% during the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager’s stock worth $48,763,000 after buying an additional 95,185 shares during the period. Fisher Asset Management LLC boosted its position in Cohen & Steers by 1,460.1% during the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager’s stock worth $9,232,000 after buying an additional 93,566 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Cohen & Steers by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager’s stock worth $92,749,000 after acquiring an additional 52,846 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

CNS stock opened at $80.92 on Tuesday. The company has a market capitalization of $4.12 billion, a P/E ratio of 27.25 and a beta of 1.55. The company has a fifty day moving average price of $85.30 and a 200-day moving average price of $92.86. Cohen & Steers, Inc. has a 52-week low of $64.13 and a 52-week high of $110.67.

Cohen & Steers (NYSE:CNS) last announced its earnings results 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 return on equity of 33.13% and a net margin of 29.24%.

Cohen & Steers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a $0.62 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 3.06%. Cohen & Steers’s dividend payout ratio is presently 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.