ProShare Advisors LLC Sells 322 Shares of Cohen & Steers, Inc. (NYSE:CNS)

ProShare Advisors LLC lessened its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 0.4% during the 4th quarter, HoldingsChannel reports. The fund owned 85,012 shares of the asset manager’s stock after selling 322 shares during the quarter. ProShare Advisors LLC’s holdings in Cohen & Steers were worth $7,850,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CNS. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cohen & Steers by 21.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,391 shares of the asset manager’s stock worth $1,810,000 after purchasing an additional 3,366 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Cohen & Steers by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 130,825 shares of the asset manager’s stock worth $12,080,000 after buying an additional 3,835 shares during the period. Norges Bank bought a new stake in shares of Cohen & Steers during the fourth quarter worth approximately $34,166,000. Pillar Financial Advisors LLC acquired a new position in Cohen & Steers in the fourth quarter valued at approximately $575,000. Finally, Barclays PLC boosted its stake in Cohen & Steers by 286.1% in the third quarter. Barclays PLC now owns 50,765 shares of the asset manager’s stock valued at $4,871,000 after acquiring an additional 37,616 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI dropped their target price on shares of Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating for the company in a research report on Friday, April 11th.

Cohen & Steers Trading Down 0.7%

Shares of CNS opened at $82.93 on Friday. The stock has a market cap of $4.23 billion, a P/E ratio of 27.92 and a beta of 1.39. Cohen & Steers, Inc. has a 1 year low of $67.09 and a 1 year high of $110.67. The stock’s 50-day moving average price is $77.41 and its two-hundred day moving average price is $87.58.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, April 16th. The asset manager reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm had revenue of $133.79 million for the quarter, compared to the consensus estimate of $130.64 million. Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. During the same period in the previous year, the business earned $0.68 EPS.

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.62 per share. The ex-dividend date is Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.99%. Cohen & Steers’s dividend payout ratio is 81.05%.

Cohen & Steers Company Profile

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.