Cohen & Steers, Inc. (NYSE:CNS) Short Interest Up 18.9% in November

Cohen & Steers, Inc. (NYSE:CNS - Get Free Report) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 1,890,000 shares, an increase of 18.9% from the October 31st total of 1,590,000 shares. Based on an average daily volume of 209,200 shares, the short-interest ratio is currently 9.0 days. Approximately 7.0% of the company's shares are short sold.

Analyst Upgrades and Downgrades

CNS has been the subject of a number of recent research reports. Evercore ISI lifted their price target on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. UBS Group upgraded Cohen & Steers from a "sell" rating to a "neutral" rating and raised their target price for the company from $63.00 to $102.00 in a research note on Thursday, October 17th.

Cohen & Steers Price Performance

Shares of CNS stock traded up $0.03 during trading hours on Friday, reaching $104.66. The stock had a trading volume of 93,371 shares, compared to its average volume of 176,842. Cohen & Steers has a twelve month low of $58.18 and a twelve month high of $110.67. The firm has a market capitalization of $5.29 billion, a PE ratio of 39.05 and a beta of 1.53. The firm has a 50-day simple moving average of $99.46 and a 200-day simple moving average of $86.34.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. The company had revenue of $133.20 million during the quarter, compared to analyst estimates of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS.

Cohen & Steers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.59 per share. The ex-dividend date is Monday, November 18th. This represents a $2.36 annualized dividend and a yield of 2.25%. Cohen & Steers's payout ratio is 88.06%.

Institutional Investors Weigh In On Cohen & Steers

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Cohen & Steers by 115.1% during the 2nd quarter. GAMMA Investing LLC now owns 370 shares of the asset manager's stock valued at $27,000 after purchasing an additional 198 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Cohen & Steers during the 3rd quarter worth about $31,000. Westside Investment Management Inc. purchased a new stake in Cohen & Steers during the third quarter valued at about $32,000. Signaturefd LLC boosted its holdings in shares of Cohen & Steers by 19.8% in the third quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock worth $62,000 after buying an additional 107 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Cohen & Steers by 16.9% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager's stock worth $79,000 after acquiring an additional 119 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

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.