Cohen & Steers, Inc. (NYSE:CNS) Short Interest Down 12.7% in November

Cohen & Steers, Inc. (NYSE:CNS) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 1,650,000 shares, a decline of 12.7% from the November 15th total of 1,890,000 shares. Based on an average trading volume of 209,500 shares, the short-interest ratio is currently 7.9 days. Currently, 6.1% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Cohen & Steers Stock Down 1.3 %

Shares of CNS stock traded down $1.28 during mid-day trading on Tuesday, reaching $97.15. 317,549 shares of the stock traded hands, compared to its average volume of 220,301. The stock’s fifty day simple moving average is $100.83 and its two-hundred day simple moving average is $88.71. Cohen & Steers has a 1-year low of $64.13 and a 1-year high of $110.67. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 36.73 and a beta of 1.52.

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

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Monday, November 18th. Cohen & Steers’s payout ratio is 88.06%.

Institutional Trading of Cohen & Steers

A number of hedge funds have recently made changes to their positions in CNS. Dimensional Fund Advisors LP lifted its stake in shares of Cohen & Steers by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager’s stock worth $85,390,000 after acquiring an additional 35,905 shares during the period. State Street Corp lifted its stake in shares of Cohen & Steers by 0.8% in the third quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock worth $105,369,000 after acquiring an additional 8,774 shares during the period. Copeland Capital Management LLC lifted its stake in shares of 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 worth $104,691,000 after acquiring an additional 10,420 shares during the period. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 52,103 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Cohen & Steers by 4.9% in the third quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager’s stock valued at $68,071,000 after buying an additional 33,414 shares during the period. 51.47% of the stock is 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.