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

Cohen & Steers, Inc. (NYSE:CNS) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totalling 2,110,000 shares, a decline of 8.3% from the August 31st total of 2,300,000 shares. Based on an average trading volume of 185,800 shares, the short-interest ratio is presently 11.4 days. Currently, 7.8% of the company’s stock are short sold.

Insider Transactions at Cohen & Steers

In related news, CAO Elena Dulik sold 1,100 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $86.45, for a total transaction of $95,095.00. Following the sale, the chief accounting officer now owns 20,091 shares of the company’s stock, valued at $1,736,866.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Cohen & Steers news, CAO Elena Dulik sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $86.45, for a total value of $95,095.00. Following the completion of the sale, the chief accounting officer now directly owns 20,091 shares in the company, valued at $1,736,866.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard P. Simon sold 7,000 shares of Cohen & Steers stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total transaction of $564,270.00. Following the completion of the transaction, the director now directly owns 15,660 shares in the company, valued at $1,262,352.60. The disclosure for this sale can be found here. In the last three months, insiders sold 20,600 shares of company stock valued at $1,710,365. Corporate insiders own 47.60% of the company’s stock.

Hedge Funds Weigh In On Cohen & Steers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its position in Cohen & Steers by 54.2% during the 4th quarter. Wasatch Advisors LP now owns 2,420,663 shares of the asset manager’s stock worth $183,317,000 after purchasing an additional 851,125 shares during the period. Norges Bank acquired a new stake in Cohen & Steers during the 4th quarter worth about $26,957,000. Principal Financial Group Inc. grew its position in Cohen & Steers by 3,638.5% during the 2nd quarter. Principal Financial Group Inc. now owns 130,774 shares of the asset manager’s stock worth $9,489,000 after purchasing an additional 127,276 shares during the period. Silvercrest Asset Management Group LLC acquired a new stake in Cohen & Steers during the 1st quarter worth about $5,193,000. Finally, Bank of New York Mellon Corp grew its position in Cohen & Steers by 20.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager’s stock worth $46,934,000 after purchasing an additional 111,649 shares during the period. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

CNS stock traded down $2.46 during midday trading on Tuesday, reaching $93.49. The stock had a trading volume of 143,739 shares, compared to its average volume of 221,668. The stock has a market cap of $4.72 billion, a PE ratio of 36.79 and a beta of 1.54. The firm has a fifty day simple moving average of $87.86 and a two-hundred day simple moving average of $77.75. Cohen & Steers has a 52-week low of $50.05 and a 52-week high of $97.57.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, July 17th. The asset manager reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $121.70 million during the quarter, compared to analyst estimates of $121.48 million. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS.

Cohen & Steers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were paid a $0.59 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 2.52%. Cohen & Steers’s dividend payout ratio (DPR) is 91.83%.

Analyst Upgrades and Downgrades

CNS has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on Cohen & Steers from $85.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. UBS Group dropped their target price on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating on the stock in a research report on Wednesday, July 10th.

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.