Cohen & Steers, Inc. (NYSE:CNS) Short Interest Up 9.9% in April

Cohen & Steers, Inc. (NYSE:CNS - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,660,000 shares, an increase of 9.9% from the March 31st total of 1,510,000 shares. Based on an average trading volume of 277,900 shares, the days-to-cover ratio is currently 6.0 days. Approximately 6.5% of the company's stock are sold short.

Cohen & Steers Trading Down 2.1 %

Shares of NYSE:CNS traded down $1.51 on Tuesday, reaching $68.78. 274,795 shares of the company's stock were exchanged, compared to its average volume of 267,268. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 26.76 and a beta of 1.45. The company has a fifty day moving average of $72.51 and a 200-day moving average of $67.12. Cohen & Steers has a twelve month low of $50.05 and a twelve month high of $78.58.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results on Thursday, April 18th. The asset manager reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). Cohen & Steers had a net margin of 26.27% and a return on equity of 36.96%. The firm had revenue of $122.71 million during the quarter, compared to analyst estimates of $125.01 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Cohen & Steers's quarterly revenue was down 2.7% compared to the same quarter last year.

Cohen & Steers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a dividend yield of 3.43%. Cohen & Steers's payout ratio is 91.83%.

Analyst Ratings Changes

Separately, UBS Group reduced their target price on shares of Cohen & Steers from $69.00 to $67.00 and set a "sell" rating for the company in a report on Friday, April 12th.

Insider Activity at Cohen & Steers

In other Cohen & Steers news, Director Edmond D. Villani sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $72.99, for a total value of $291,960.00. Following the completion of the transaction, the director now directly owns 33,781 shares in the company, valued at $2,465,675.19. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Edmond D. Villani sold 4,000 shares of Cohen & Steers stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $72.99, for a total value of $291,960.00. Following the completion of the transaction, the director now owns 33,781 shares of the company's stock, valued at approximately $2,465,675.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard P. Simon sold 3,058 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $71.81, for a total value of $219,594.98. Following the transaction, the director now directly owns 21,915 shares in the company, valued at approximately $1,573,716.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,000 shares of company stock valued at $1,009,713. 47.04% of the stock is owned by insiders.

Institutional Trading of Cohen & Steers

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its holdings in Cohen & Steers by 104.9% in the 3rd quarter. Signaturefd LLC now owns 418 shares of the asset manager's stock worth $26,000 after purchasing an additional 214 shares in the last quarter. Principal Securities Inc. bought a new position in Cohen & Steers in the 4th quarter valued at approximately $28,000. SRS Capital Advisors Inc. raised its holdings in Cohen & Steers by 294.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 548 shares of the asset manager's stock valued at $41,000 after buying an additional 409 shares during the last quarter. Principal Financial Group Inc. boosted its position in Cohen & Steers by 17.0% during the 1st quarter. Principal Financial Group Inc. now owns 3,498 shares of the asset manager's stock worth $269,000 after buying an additional 509 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cohen & Steers by 8.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,596 shares of the asset manager's stock worth $500,000 after acquiring an additional 540 shares during the last quarter. Institutional investors and hedge funds own 51.47% of the company's stock.

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.