Cohen & Steers, Inc. (NYSE:CNS) Short Interest Down 5.8% in December

Cohen & Steers, Inc. (NYSE:CNS) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,610,000 shares, a drop of 5.8% from the December 15th total of 1,710,000 shares. Based on an average daily volume of 205,200 shares, the days-to-cover ratio is presently 7.8 days. Currently, 6.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Cohen & Steers by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager’s stock valued at $85,390,000 after purchasing an additional 35,905 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Cohen & Steers during the 2nd quarter worth $4,108,000. Amalgamated Bank boosted its stake in Cohen & Steers by 813.2% in the second quarter. Amalgamated Bank now owns 7,936 shares of the asset manager’s stock valued at $576,000 after buying an additional 7,067 shares in the last quarter. Hsbc Holdings PLC grew its position in Cohen & Steers by 91.1% in the second quarter. Hsbc Holdings PLC now owns 132,193 shares of the asset manager’s stock valued at $9,590,000 after acquiring an additional 63,019 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in Cohen & Steers by 4.0% during the second quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager’s stock worth $353,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Price Performance

CNS stock opened at $88.09 on Friday. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 32.87 and a beta of 1.55. The company has a fifty day moving average price of $96.53 and a two-hundred day moving average price of $91.93. Cohen & Steers has a one year low of $64.13 and a one year high of $110.67.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS.

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a yield of 2.68%. Cohen & Steers’s dividend payout ratio (DPR) is presently 88.06%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Evercore ISI increased their price objective on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group upgraded shares of Cohen & Steers from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $63.00 to $102.00 in a report on Thursday, October 17th.

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.