Cohen & Steers - CNS Stock Forecast, Price & News

Cohen & Steers' stock was trading at $64.56 at the start of the year. Since then, CNS shares have decreased by 5.7% and is now trading at $60.85.
View the best growth stocks for 2023 here.

Cohen & Steers saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 794,600 shares, a decline of 18.3% from the January 31st total of 972,400 shares. Based on an average daily volume of 116,800 shares, the short-interest ratio is currently 6.8 days. Currently, 3.2% of the shares of the company are sold short.
View Cohen & Steers' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our CNS earnings forecast.

Cohen & Steers, Inc. (NYSE:CNS) released its quarterly earnings results on Wednesday, January, 25th. The asset manager reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.81 by $0.02. The asset manager had revenue of $125.34 million for the quarter, compared to the consensus estimate of $120.45 million. Cohen & Steers had a net margin of 30.17% and a trailing twelve-month return on equity of 60.65%. Cohen & Steers's revenue was down 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share.

Cohen & Steers declared a quarterly dividend on Thursday, February 23rd. Stockholders of record on Monday, March 6th will be paid a dividend of $0.57 per share on Thursday, March 16th. This represents a $2.28 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Friday, March 3rd. This is an increase from the stock's previous quarterly dividend of $0.55.
Read our dividend analysis for CNS.

ETFs with the largest weight of Cohen & Steers (NYSE:CNS) stock in their portfolio include Gabelli Financial Services Opportunities ETF (GABF), Dividend Performers ETF (IPDP), SPDR S&P Capital Markets ETF (KCE), Horizon Kinetics Inflation Beneficiaries ETF (INFL), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), ProShares Russell 2000 Dividend Growers ETF (SMDV), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) and WisdomTree U.S. SmallCap Dividend Fund (DES).

Cohen & Steers (NYSE:CNS) pays an annual dividend of $2.28 per share and currently has a dividend yield of 3.68%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 65.71%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CNS.

11 employees have rated Cohen & Steers Chief Executive Officer Robert H. Steers on Glassdoor.com. Robert H. Steers has an approval rating of 51% among the company's employees. This puts Robert H. Steers in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cohen & Steers investors own include AT&T (T), Energy Transfer (ET), Enterprise Products Partners (EPD), Ford Motor (F), Las Vegas Sands (LVS), Verizon Communications (VZ), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Altria Group (MO) and Tanger Factory Outlet Centers (SKT).

Cohen & Steers trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNS."

Cohen & Steers' stock is owned by many different retail and institutional investors. Top institutional investors include Bamco Inc. NY (6.28%), Clearbridge Investments LLC (2.65%), Victory Capital Management Inc. (2.51%), Victory Capital Management Inc. (2.49%), Victory Capital Management Inc. (2.51%) and Dimensional Fund Advisors LP (2.08%). Insiders that own company stock include Elena Dulik, Francis C Poli, Martin Cohen, Matthew S Stadler and Michele Nolty.
View institutional ownership trends.

Shares of CNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CNS stock can currently be purchased for approximately $60.85.

Cohen & Steers (NYSE:CNS) has a market capitalization of $2.99 billion and generates $566.91 million in revenue each year. The asset manager earns $171.04 million in net income (profit) each year or $3.47 on an earnings per share basis.

The company employs 354 workers across the globe.

Cohen & Steers' mailing address is 280 Park Avenue, NEW YORK NY, 10017. The official website for the company is www.cohenandsteers.com. The asset manager can be reached via phone at (212) 832-3232, via email at investor_relations@cohenandsteers.com, or via fax at 212-832-3622.