Cohen & Steers (CNS) Scheduled to Post Quarterly Earnings on Wednesday

Cohen & Steers (NYSE:CNS – Get Rating) is set to release its earnings data after the market closes on Wednesday, January 25th. Parties interested in participating in the company’s conference call can do so using this link.

Cohen & Steers Stock Performance

Shares of CNS stock traded down $0.07 during mid-day trading on Tuesday, hitting $73.34. The company’s stock had a trading volume of 143,625 shares, compared to its average volume of 108,788. Cohen & Steers has a 52-week low of $52.34 and a 52-week high of $88.21. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 17.84 and a beta of 1.28. The business has a 50-day moving average price of $67.11 and a 200 day moving average price of $67.59.

Cohen & Steers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th were given a $0.55 dividend. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $2.20 dividend on an annualized basis and a yield of 3.00%. Cohen & Steers’s payout ratio is 53.53%.

Institutional Investors Weigh In On Cohen & Steers

A number of hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP boosted its stake in shares of Cohen & Steers by 130.4% in the 1st quarter. Quantbot Technologies LP now owns 788 shares of the asset manager’s stock worth $67,000 after buying an additional 446 shares during the last quarter. Acadian Asset Management LLC bought a new position in Cohen & Steers in the first quarter valued at about $89,000. Great West Life Assurance Co. Can boosted its position in Cohen & Steers by 17.8% in the first quarter. Great West Life Assurance Co. Can now owns 2,461 shares of the asset manager’s stock worth $222,000 after purchasing an additional 372 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Cohen & Steers by 14.0% during the 2nd quarter. Captrust Financial Advisors now owns 2,812 shares of the asset manager’s stock valued at $179,000 after purchasing an additional 346 shares during the period. Finally, LPL Financial LLC grew its stake in shares of Cohen & Steers by 65.5% during the 2nd quarter. LPL Financial LLC now owns 4,078 shares of the asset manager’s stock valued at $259,000 after purchasing an additional 1,614 shares during the period. 47.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Saturday, December 24th.

About Cohen & Steers

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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.