Cohen & Steers, Inc. (NYSE:CNS) Short Interest Update

Cohen & Steers, Inc. (NYSE:CNS - Get Free Report) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,510,000 shares, a decrease of 10.7% from the March 15th total of 1,690,000 shares. Approximately 5.9% of the company's shares are short sold. Based on an average daily volume of 164,700 shares, the days-to-cover ratio is currently 9.2 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CNS shares. UBS Group decreased their target price on Cohen & Steers from $69.00 to $67.00 and set a "sell" rating for the company in a research note on Friday. TheStreet upgraded Cohen & Steers from a "c+" rating to a "b-" rating in a research report on Tuesday, December 26th.

Cohen & Steers Trading Down 2.1 %

Shares of CNS stock traded down $1.45 during trading hours on Monday, hitting $68.49. 138,277 shares of the company were exchanged, compared to its average volume of 163,797. Cohen & Steers has a 52 week low of $50.05 and a 52 week high of $78.58. The business has a 50 day moving average of $72.59 and a two-hundred day moving average of $66.38. The company has a market capitalization of $3.39 billion, a PE ratio of 26.59 and a beta of 1.45.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The asset manager reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. The company had revenue of $119.19 million for the quarter, compared to analyst estimates of $122.80 million. Cohen & Steers had a return on equity of 38.52% and a net margin of 26.36%. During the same period in the previous year, the company posted $0.79 earnings per share. The company's quarterly revenue was down 4.9% compared to the same quarter last year.

Cohen & Steers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were paid a dividend of $0.59 per share. This is a boost from Cohen & Steers's previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Friday, March 1st. Cohen & Steers's dividend payout ratio (DPR) is currently 90.77%.

Insider Activity

In related news, Director Edmond D. Villani sold 4,000 shares of Cohen & Steers stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $72.99, for a total transaction of $291,960.00. Following the completion of the sale, the director now directly owns 33,781 shares of the company's stock, valued at $2,465,675.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Cohen & Steers news, Director Richard P. Simon sold 6,942 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $71.76, for a total value of $498,157.92. Following the sale, the director now directly owns 24,973 shares in the company, valued at $1,792,062.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edmond D. Villani sold 4,000 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $72.99, for a total transaction of $291,960.00. Following the completion of the transaction, the director now directly owns 33,781 shares of the company's stock, valued at approximately $2,465,675.19. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock valued at $1,009,713 in the last 90 days. 47.04% of the stock is owned by company insiders.

Institutional Trading of Cohen & Steers

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC grew its position in Cohen & Steers by 104.9% in the third quarter. Signaturefd LLC now owns 418 shares of the asset manager's stock valued at $26,000 after purchasing an additional 214 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Cohen & Steers in the 4th quarter valued at about $28,000. SRS Capital Advisors Inc. increased its position in shares of Cohen & Steers by 294.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 548 shares of the asset manager's stock valued at $41,000 after acquiring an additional 409 shares during the last quarter. State of Wyoming raised its holdings in Cohen & Steers by 42.0% during the second quarter. State of Wyoming now owns 828 shares of the asset manager's stock worth $48,000 after acquiring an additional 245 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in Cohen & Steers by 130.4% during the first quarter. Quantbot Technologies LP now owns 788 shares of the asset manager's stock valued at $67,000 after purchasing an additional 446 shares during the last quarter. 51.47% of the stock is currently 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.