Copeland Capital Management LLC Sells 99,104 Shares of Cohen & Steers Inc (NYSE:CNS)

Copeland Capital Management LLC lessened its holdings in Cohen & Steers Inc (NYSE:CNS) by 9.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 997,296 shares of the asset manager’s stock after selling 99,104 shares during the quarter. Cohen & Steers accounts for approximately 1.6% of Copeland Capital Management LLC’s holdings, making the stock its 12th biggest holding. Copeland Capital Management LLC owned approximately 1.96% of Cohen & Steers worth $80,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Cohen & Steers by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 130,825 shares of the asset manager’s stock worth $12,080,000 after purchasing an additional 3,835 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Cohen & Steers in the 4th quarter worth about $1,187,000. Illinois Municipal Retirement Fund grew its holdings in shares of Cohen & Steers by 7.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 14,757 shares of the asset manager’s stock worth $1,363,000 after purchasing an additional 1,074 shares during the last quarter. Versor Investments LP bought a new stake in shares of Cohen & Steers in the 4th quarter worth about $357,000. Finally, Fisher Asset Management LLC grew its holdings in shares of Cohen & Steers by 1,460.1% in the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager’s stock worth $9,232,000 after purchasing an additional 93,566 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 1.2%

Shares of NYSE:CNS opened at $78.14 on Friday. Cohen & Steers Inc has a 12 month low of $68.99 and a 12 month high of $110.67. The firm has a market cap of $3.98 billion, a P/E ratio of 25.54 and a beta of 1.35. The company’s 50-day moving average price is $77.20 and its two-hundred day moving average price is $82.45.

Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, April 16th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). Cohen & Steers had a net margin of 29.68% and a return on equity of 30.46%. The business had revenue of $133.79 million for the quarter, compared to analyst estimates of $130.64 million. During the same quarter in the previous year, the company posted $0.68 earnings per share.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were given a dividend of $0.62 per share. The ex-dividend date was Monday, May 12th. This represents a $2.48 dividend on an annualized basis and a yield of 3.17%. Cohen & Steers’s payout ratio is presently 81.05%.

Wall Street Analysts Forecast Growth

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

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.