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 trading volume of 205,200 shares, the short-interest ratio is currently 7.8 days. Currently, 6.0% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group upgraded Cohen & Steers from a “sell” rating to a “neutral” rating and increased their price objective for the company from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI lifted their price objective on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Cohen & Steers Trading Up 0.0 %

Shares of CNS stock traded up $0.02 on Friday, reaching $88.09. The company had a trading volume of 181,859 shares, compared to its average volume of 153,847. The stock has a market cap of $4.45 billion, a PE ratio of 32.87 and a beta of 1.55. The company has a 50-day moving average of $96.53 and a 200-day moving average of $91.93. Cohen & Steers has a 12 month low of $64.13 and a 12 month high of $110.67.

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

Cohen & Steers Announces Dividend

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

Institutional Investors Weigh In On Cohen & Steers

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