Cohen & Steers, Inc. (NYSE:CNS) Short Interest Down 5.8% in December

Cohen & Steers, Inc. (NYSE:CNS) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,610,000 shares, a decline 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 days-to-cover ratio is presently 7.8 days. Approximately 6.0% of the shares of the company are sold short.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Cohen & Steers

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Cohen & Steers by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager’s stock worth $85,390,000 after purchasing an additional 35,905 shares in the last quarter. State Street Corp grew its stake in 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 buying an additional 8,774 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in shares of Cohen & Steers by 1.0% in the 3rd quarter. Copeland Capital Management LLC now owns 1,091,097 shares of the asset manager’s stock worth $104,691,000 after acquiring an additional 10,420 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cohen & Steers by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock worth $91,305,000 after acquiring an additional 52,103 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Cohen & Steers by 4.9% during the 3rd 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 during the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Stock Up 0.0 %

CNS traded up $0.02 during trading on Friday, reaching $88.09. 181,859 shares of the company’s stock were exchanged, compared to its average volume of 153,847. The company has a market capitalization of $4.45 billion, a P/E ratio of 32.87 and a beta of 1.55. The business has a 50 day moving average price of $96.53 and a 200 day moving average price of $91.93. Cohen & Steers has a fifty-two week low of $64.13 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The business had revenue of $133.20 million for the quarter, compared to analyst estimates of $124.18 million. During the same period in the previous year, the business earned $0.70 EPS. The firm’s revenue was up 7.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Monday, November 18th. Cohen & Steers’s payout ratio is 88.06%.

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.