Pillar Financial Advisors LLC Purchases New Stake in Cohen & Steers, Inc. (NYSE:CNS)

Pillar Financial Advisors LLC bought a new position in Cohen & Steers, Inc. (NYSE:CNS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,227 shares of the asset manager’s stock, valued at approximately $575,000. Cohen & Steers comprises about 0.4% of Pillar Financial Advisors LLC’s investment portfolio, making the stock its 26th largest holding.

Several other large investors also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Cohen & Steers in the 4th quarter worth approximately $44,737,000. Lord Abbett & CO. LLC acquired a new stake in shares of Cohen & Steers in the 3rd quarter valued at $23,988,000. Congress Asset Management Co. boosted its position in shares of Cohen & Steers by 22.0% in the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager’s stock worth $48,763,000 after purchasing an additional 95,185 shares during the last quarter. Fisher Asset Management LLC boosted its position 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. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cohen & Steers by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager’s stock worth $92,749,000 after purchasing an additional 52,846 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 1.4 %

NYSE:CNS opened at $87.23 on Friday. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The firm has a market capitalization of $4.45 billion, a P/E ratio of 29.37 and a beta of 1.55. The stock’s fifty day simple moving average is $87.80 and its 200-day simple moving average is $93.37.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (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 firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 2.84%. Cohen & Steers’s payout ratio is currently 83.50%.

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.