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

Cohen & Steers, Inc. (NYSE:CNS - Get Free Report) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 1,650,000 shares, a drop of 12.7% from the November 15th total of 1,890,000 shares. Based on an average daily volume of 209,500 shares, the days-to-cover ratio is presently 7.9 days. Approximately 6.1% of the company's shares are short sold.

Institutional Investors Weigh In On Cohen & Steers

Several institutional investors and hedge funds have recently bought and sold shares of CNS. Dimensional Fund Advisors LP increased its stake in shares of Cohen & Steers by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager's stock valued at $85,390,000 after purchasing an additional 35,905 shares during the last quarter. State Street Corp boosted its stake in Cohen & Steers by 0.8% in the third quarter. State Street Corp now owns 1,098,165 shares of the asset manager's stock valued at $105,369,000 after buying an additional 8,774 shares in the last quarter. Copeland Capital Management LLC boosted its stake in Cohen & Steers by 1.0% in the third quarter. Copeland Capital Management LLC now owns 1,091,097 shares of the asset manager's stock valued at $104,691,000 after buying an additional 10,420 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Cohen & Steers by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager's stock valued at $91,305,000 after acquiring an additional 52,103 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Cohen & Steers by 4.9% during the third quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager's stock worth $68,071,000 after acquiring an additional 33,414 shares in the last quarter. Institutional investors own 51.47% of the company's stock.

Cohen & Steers Stock Down 1.6 %

Shares of CNS stock traded down $1.62 on Friday, reaching $99.04. The stock had a trading volume of 179,887 shares, compared to its average volume of 220,175. Cohen & Steers has a 12 month low of $64.13 and a 12 month high of $110.67. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 36.96 and a beta of 1.52. The firm's 50-day moving average is $100.69 and its two-hundred day moving average is $88.35.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $124.18 million. During the same period last year, the firm posted $0.70 EPS. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Monday, November 18th. Cohen & Steers's payout ratio is currently 88.06%.

Analyst Ratings Changes

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

About Cohen & Steers

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.