Hunter Perkins Capital Management LLC Sells 7,531 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Hunter Perkins Capital Management LLC lessened its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 31.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,287 shares of the asset manager’s stock after selling 7,531 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Cohen & Steers were worth $1,504,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. KBC Group NV grew its position in Cohen & Steers by 27.4% during the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager’s stock worth $130,000 after buying an additional 304 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Cohen & Steers by 0.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 26,353 shares of the asset manager’s stock valued at $2,433,000 after purchasing an additional 245 shares during the last quarter. GAMMA Investing LLC increased its position in Cohen & Steers by 19.5% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock valued at $67,000 after acquiring an additional 119 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Cohen & Steers in the 3rd quarter worth approximately $23,988,000. Finally, Franklin Resources Inc. lifted its stake in shares of Cohen & Steers by 18.8% during the third quarter. Franklin Resources Inc. now owns 4,251 shares of the asset manager’s stock valued at $410,000 after acquiring an additional 673 shares during the period. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Trading Down 0.5 %

Shares of NYSE:CNS opened at $88.82 on Monday. Cohen & Steers, Inc. has a 12 month low of $64.13 and a 12 month high of $110.67. The stock has a market capitalization of $4.49 billion, a PE ratio of 29.91 and a beta of 1.55. The firm has a 50 day moving average of $95.19 and a 200-day moving average of $92.63.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.59 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.66%. Cohen & Steers’s payout ratio is 79.46%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CNS. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and upped their price target for the company from $63.00 to $102.00 in a research note on Thursday, October 17th. Evercore ISI upped their price objective on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Cohen & Steers Company Profile

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.