Short Interest in Cohen & Steers, Inc. (NYSE:CNS) Declines By 10.7%

Cohen & Steers, Inc. (NYSE:CNS) was the target of a large decrease in short interest in 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 shares of the company are short sold. Based on an average trading volume of 164,700 shares, the short-interest ratio is presently 9.2 days.

Cohen & Steers Stock Down 1.4 %

CNS stock opened at $67.51 on Wednesday. The company has a 50-day simple moving average of $72.58 and a 200 day simple moving average of $66.46. The company has a market capitalization of $3.34 billion, a P/E ratio of 25.97 and a beta of 1.45. Cohen & Steers has a fifty-two week low of $50.05 and a fifty-two week high of $78.58.

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

Cohen & Steers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were given a dividend of $0.59 per share. The ex-dividend date was Friday, March 1st. 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 3.50%. Cohen & Steers’s dividend payout ratio (DPR) is 90.77%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group dropped their price target on shares of Cohen & Steers from $69.00 to $67.00 and set a “sell” rating on the stock in a research note on Friday, April 12th. TheStreet upgraded Cohen & Steers from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th.

Insider Activity at Cohen & Steers

In other Cohen & Steers news, Director Richard P. Simon sold 3,058 shares of Cohen & Steers stock in a transaction on Monday, February 26th. The shares were sold at an average price of $71.81, for a total value of $219,594.98. Following the completion of the transaction, the director now owns 21,915 shares of the company’s stock, valued at $1,573,716.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Edmond D. Villani sold 4,000 shares of the company’s 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 transaction, the director now directly owns 33,781 shares in the company, valued at approximately $2,465,675.19. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard P. Simon sold 3,058 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $71.81, for a total transaction of $219,594.98. Following the transaction, the director now owns 21,915 shares of the company’s stock, valued at approximately $1,573,716.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,000 shares of company stock valued at $1,009,713. Corporate insiders own 47.04% of the company’s stock.

Institutional Trading of Cohen & Steers

Institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Cohen & Steers by 104.9% during the 3rd quarter. Signaturefd LLC now owns 418 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 214 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Cohen & Steers in the 4th quarter valued at $28,000. SRS Capital Advisors Inc. increased its stake in Cohen & Steers by 294.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 548 shares of the asset manager’s stock worth $41,000 after purchasing an additional 409 shares in the last quarter. State of Wyoming raised its holdings in Cohen & Steers by 42.0% during the 2nd quarter. State of Wyoming now owns 828 shares of the asset manager’s stock worth $48,000 after buying an additional 245 shares during the period. Finally, Quantbot Technologies LP raised its holdings in Cohen & Steers by 130.4% during the 1st quarter. Quantbot Technologies LP now owns 788 shares of the asset manager’s stock worth $67,000 after buying an additional 446 shares during the period. 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.