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

Cohen & Steers, Inc. (NYSE:CNSGet Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,690,000 shares, a growth of 7.0% from the February 29th total of 1,580,000 shares. Currently, 6.6% of the shares of the stock are short sold. Based on an average trading volume of 171,100 shares, the short-interest ratio is currently 9.9 days.

Cohen & Steers Trading Up 0.9 %

Shares of CNS opened at $73.66 on Thursday. Cohen & Steers has a 12-month low of $50.05 and a 12-month high of $78.58. The firm has a 50-day moving average price of $72.29 and a 200 day moving average price of $65.78. The firm has a market capitalization of $3.65 billion, a P/E ratio of 28.33 and a beta of 1.45.

Cohen & Steers (NYSE:CNSGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $119.19 million during the quarter, compared to analyst estimates of $122.80 million. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Cohen & Steers’s quarterly revenue was down 4.9% on a year-over-year basis.

Cohen & Steers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were issued a $0.59 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.57. Cohen & Steers’s dividend payout ratio is currently 90.77%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Cohen & Steers

Hedge funds have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in Cohen & Steers during the fourth quarter worth about $1,183,000. Vanguard Group Inc. boosted its stake in Cohen & Steers by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,666,537 shares of the asset manager’s stock worth $201,937,000 after buying an additional 31,525 shares during the period. Congress Asset Management Co. MA boosted its stake in Cohen & Steers by 8.6% during the fourth quarter. Congress Asset Management Co. MA now owns 389,400 shares of the asset manager’s stock worth $29,489,000 after buying an additional 30,985 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Cohen & Steers by 2.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,279 shares of the asset manager’s stock worth $1,158,000 after buying an additional 431 shares during the period. Finally, Winslow Asset Management Inc. boosted its stake in Cohen & Steers by 4.9% during the fourth quarter. Winslow Asset Management Inc. now owns 109,720 shares of the asset manager’s stock worth $8,309,000 after buying an additional 5,109 shares during the period. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CNS. TheStreet upgraded shares of Cohen & Steers from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. UBS Group began coverage on shares of Cohen & Steers in a research report on Friday, January 5th. They issued a “sell” rating and a $68.00 target price for the company.

View Our Latest Stock Analysis on CNS

Cohen & Steers Company Profile

(Get Free Report)

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.

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