Cohen & Steers, Inc. (NYSE:CNS) Announces Dividend Increase – $2.00 Per Share

Cohen & Steers, Inc. (NYSE:CNS) announced a dividend on Thursday, November 7th, Fidelity reports. Investors of record on Monday, November 18th will be given a dividend of 2.00 per share by the asset manager on Tuesday, December 3rd. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Cohen & Steers’s previous dividend of $0.76.

Shares of CNS stock opened at $65.50 on Friday. The company’s fifty day simple moving average is $59.29 and its two-hundred day simple moving average is $53.52. Cohen & Steers has a 1 year low of $32.95 and a 1 year high of $68.01. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.26 and a beta of 0.90.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The firm had revenue of $104.97 million during the quarter, compared to the consensus estimate of $102.42 million. Cohen & Steers had a net margin of 31.26% and a return on equity of 48.33%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. As a group, analysts forecast that Cohen & Steers will post 2.51 EPS for the current fiscal year.

Several research firms have recently commented on CNS. ValuEngine downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Cohen & Steers from a “sell” rating to a “hold” rating and set a $57.00 price objective for the company in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.00.

In other Cohen & Steers news, CAO Elena Dulik sold 1,000 shares of Cohen & Steers stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $54.54, for a total value of $54,540.00. Following the completion of the transaction, the chief accounting officer now owns 18,478 shares in the company, valued at approximately $1,007,790.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 50.63% of the company’s stock.

Cohen & Steers Company Profile

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.

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Dividend History for Cohen & Steers (NYSE:CNS)

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