Cohen & Steers, Inc. (NYSE:CNS – Get Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Stockholders of record on Monday, August 15th will be given a dividend of 0.55 per share by the asset manager on Thursday, August 25th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Friday, August 12th.
Cohen & Steers has a dividend payout ratio of 53.5% indicating that its dividend is sufficiently covered by earnings.
Cohen & Steers Price Performance
Cohen & Steers stock opened at $74.74 on Friday. Cohen & Steers has a one year low of $62.01 and a one year high of $101.22. The business has a fifty day moving average price of $69.34 and a 200-day moving average price of $76.56. The firm has a market capitalization of $3.64 billion, a P/E ratio of 17.54 and a beta of 1.38.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Wednesday, May 25th.
Insider Buying and Selling
In related news, CAO Elena Dulik sold 1,200 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $74.28, for a total value of $89,136.00. Following the sale, the chief accounting officer now owns 20,854 shares in the company, valued at $1,549,035.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 48.24% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Cohen & Steers
Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its position in Cohen & Steers by 130.4% during the first quarter. Quantbot Technologies LP now owns 788 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 446 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Cohen & Steers during the first quarter valued at about $89,000. Great West Life Assurance Co. Can raised its position in Cohen & Steers by 17.8% during the first quarter. Great West Life Assurance Co. Can now owns 2,461 shares of the asset manager’s stock valued at $222,000 after purchasing an additional 372 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Cohen & Steers during the first quarter valued at about $471,000. Finally, PNC Financial Services Group Inc. raised its position in Cohen & Steers by 7.3% during the first quarter. PNC Financial Services Group Inc. now owns 12,091 shares of the asset manager’s stock valued at $1,038,000 after purchasing an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 47.26% of the company’s stock.
About Cohen & Steers
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.
- Get a free copy of the StockNews.com research report on Cohen & Steers (CNS)
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