Teacher Retirement System of Texas Acquires New Stake in Cohen & Steers, Inc. (NYSE:CNS)

Teacher Retirement System of Texas acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 20,936 shares of the asset manager’s stock, valued at approximately $1,933,000.

A number of other large investors also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Cohen & Steers by 0.8% during the third quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock worth $105,369,000 after acquiring an additional 8,774 shares during the period. Copeland Capital Management LLC increased its position in Cohen & Steers by 0.5% during the 4th quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager’s stock worth $101,242,000 after purchasing an additional 5,303 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Cohen & Steers by 5.6% during 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 buying an additional 52,846 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cohen & Steers by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager’s stock valued at $68,071,000 after buying an additional 33,414 shares during the period. Finally, Congress Asset Management Co. boosted its stake in shares of Cohen & Steers by 22.0% in the fourth quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager’s stock valued at $48,763,000 after buying an additional 95,185 shares in the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

NYSE:CNS opened at $79.95 on Friday. Cohen & Steers, Inc. has a 1 year low of $64.13 and a 1 year high of $110.67. The stock has a fifty day moving average price of $84.91 and a two-hundred day moving average price of $92.64. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 26.92 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.62 per share. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. This represents a $2.48 annualized dividend and a dividend yield of 3.10%. Cohen & Steers’s payout ratio is 83.50%.

About Cohen & Steers

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.