6,227 Shares in Cohen & Steers, Inc. (NYSE:CNS) Purchased by Pillar Financial Advisors LLC

Pillar Financial Advisors LLC acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,227 shares of the asset manager’s stock, valued at approximately $575,000. Cohen & Steers makes up 0.4% of Pillar Financial Advisors LLC’s investment portfolio, making the stock its 26th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System grew its holdings in Cohen & Steers by 4.8% in the 3rd quarter. New York State Teachers Retirement System now owns 6,480 shares of the asset manager’s stock valued at $622,000 after buying an additional 294 shares during the period. Farther Finance Advisors LLC grew its holdings in Cohen & Steers by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock valued at $79,000 after buying an additional 119 shares during the period. Portside Wealth Group LLC purchased a new stake in Cohen & Steers in the 3rd quarter valued at about $272,000. Covestor Ltd grew its holdings in Cohen & Steers by 1,172.2% in the 3rd quarter. Covestor Ltd now owns 1,603 shares of the asset manager’s stock valued at $154,000 after buying an additional 1,477 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in Cohen & Steers in the 3rd quarter valued at about $211,000. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Price Performance

NYSE CNS opened at $87.23 on Friday. The firm has a market capitalization of $4.45 billion, a P/E ratio of 29.37 and a beta of 1.55. Cohen & Steers, Inc. has a 1-year low of $64.13 and a 1-year high of $110.67. The business’s 50-day simple moving average is $87.80 and its 200-day simple moving average is $93.37.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 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 disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, March 3rd will be paid a dividend of $0.62 per share. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Monday, March 3rd. Cohen & Steers’s dividend payout ratio is presently 83.50%.

Cohen & Steers 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.