Cohen & Steers, Inc. (NYSE:CNS) Sees Significant Decrease in Short Interest

Cohen & Steers, Inc. (NYSE:CNS - Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,610,000 shares, a decrease of 5.8% from the December 15th total of 1,710,000 shares. Based on an average daily trading volume, of 205,200 shares, the short-interest ratio is presently 7.8 days. Approximately 6.0% of the company's shares are sold short.

Analysts Set New Price Targets

Several equities analysts recently commented on CNS shares. Evercore ISI increased their target price on Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. UBS Group upgraded shares of Cohen & Steers from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $63.00 to $102.00 in a report on Thursday, October 17th.

Cohen & Steers Stock Performance

Shares of NYSE:CNS traded up $0.02 during midday trading on Friday, hitting $88.09. 181,859 shares of the company's stock traded hands, compared to its average volume of 153,847. Cohen & Steers has a twelve month low of $64.13 and a twelve month high of $110.67. The company has a market cap of $4.45 billion, a PE ratio of 32.87 and a beta of 1.55. The firm's fifty day moving average price is $96.53 and its two-hundred day moving average price is $92.07.

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

Cohen & Steers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.59 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.68%. Cohen & Steers's dividend payout ratio (DPR) is presently 88.06%.

Hedge Funds Weigh In On Cohen & Steers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Cohen & Steers in the 3rd quarter worth about $31,000. Westside Investment Management Inc. acquired a new position in Cohen & Steers in the third quarter worth about $32,000. GAMMA Investing LLC raised its stake in Cohen & Steers by 64.9% during the third quarter. GAMMA Investing LLC now owns 610 shares of the asset manager's stock valued at $59,000 after buying an additional 240 shares in the last quarter. Signaturefd LLC lifted its holdings in Cohen & Steers by 19.8% during the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock worth $62,000 after buying an additional 107 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Cohen & Steers by 16.9% in the 3rd 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 owned by hedge funds and other institutional investors.

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.