Cohen & Steers Inc Stock Research

Market Summary

USD58.44+2.75

Market Closed

4.94%

CNS Alerts

Big fall in Revenue (Y/Y)

CNS Stock Price

CNS RSI Chart

CNS Valuation

Market Cap

3.2B

Price/Earnings (Trailing)

19.58

Price/Sales (Trailing)

5.97

EV/EBITDA

15.98

Price/Free Cashflow

22.18

CNS Price/Sales (Trailing)

CNS Profitability

EBT Margin

34.73%

Return on Equity

50.67%

Return on Assets

25.4%

Free Cashflow Yield

4.51%

CNS Fundamentals

CNS Revenue

Revenue (TTM)

538.8M

Revenue Y/Y

-18.23%

Revenue Q/Q

0.6%

CNS Earnings

Earnings (TTM)

164.3M

Earnings Y/Y

-15.96%

Earnings Q/Q

8.67%

Price Action

52 Week Range

51.8578.87

(Low)(High)

Last 7 days

8.1%

Last 30 days

3.3%

Last 90 days

-18.5%

Trailing 12 Months

-22.2%

CNS Financial Health

CNS Investor Care

Dividend Yield

3.8%

Dividend/Share (TTM)

2.22

Shares Dilution (1Y)

1.45%

Diluted EPS (TTM)

3.33

Peers (Alternatives to Cohen & Steers)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BX	63.4B	4.8B	7.19%	-24.55%	102.89	13.29	-62.27%	-88.42%
KKR	46.2B	7.8B	4.52%	-4.01%	-103.87	5.89	-64.76%	-115.12%
AMP	33.8B	14.5B	8.96%	14.63%	10.39	2.44	5.75%	-28.18%
BEN	12.5B	7.9B	-0.48%	-4.54%	14.76	1.59	-9.17%	-55.48%
MID-CAP
IVZ	7.8B	5.8B	-7.29%	-18.95%	11.43	1.29	-14.95%	-52.29%
HLI	5.7B	737.1M	3.32%	4.39%	47.36	7.78	-67.95%	-74.36%
AMG	5.4B	2.3B	3.50%	8.76%	4.75	2.34	-3.43%	102.56%
EVR	4.8B	2.6B	5.19%	0.93%	10.01	1.72	-21.95%	-46.68%
JHG	4.5B	2.1B	3.49%	0.13%	16.45	2.17	-24.19%	-55.18%
LAZ	3.2B	2.7B	5.04%	-12.41%	8.95	1.12	-18.40%	-60.07%
AMK	2.1B	646.6M	0.45%	37.25%	21.79	3.31	15.54%	72.98%
SMALL-CAP
DHIL	514.3M	146.2M	6.74%	-5.35%	11.68	3.52	-21.14%	-36.78%
VALU	457.1M	40.1M	3.86%	-32.32%	25.62	11.4	-0.04%	-31.55%
SCU	206.6M	434.9M	5.89%	-21.08%	82.34	0.37	-27.53%	-139.58%
PZN	161.6M	197.7M	0.84%	-7.62%	4	0.82	5.01%	-33.91%

Financials for Cohen & Steers

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-5.0%	539	567	601	615	612
Operating Expenses	-6.3%	329	351	352	355	353
S&GA Expenses	6.6%	58.00	55.00	55.00	53.00	51.00
EBITDA	-15.7%	201	239	253	285	-
EBITDA Margin	-10.6%	0.36*	0.40*	0.41*	0.47*	-
Earnings Before Taxes	-4.9%	187	197	235	249	281
EBT Margin	-11.0%	0.35*	0.39*	0.40*	0.46*	-
Net Income	-3.9%	164	171	203	210	205
Net Income Margin	-10.7%	0.30*	0.34*	0.34*	0.33*	-
Free Cahsflow	-20.0%	57.00	72.00	101	125	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-7.4%	623	673	506	577	583
Cash Equivalents	-37.9%	154	247	162	127	85.00
Net PPE	41.1%	12.00	9.00	9.00	8.00	9.00
Liabilities	-21.4%	194	246	113	102	143
Shareholder's Equity	-0.2%	337	338	316	289	255
Retained Earnings	3.7%	-165	-171	-176	-193	-217
Additional Paid-In Capital	1.6%	781	769	755	742	729
Shares Outstanding	12.8%	55.00	49.00	49.00	49.00	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	148.3%	153	62.00	76.00	104	128
Share Based Compensation	-2.1%	48.00	49.00	46.00	44.00	43.00
Cashflow From Investing	-162.2%	-7.49	-2.86	-34.53	-34.10	-21.92
Cashflow From Financing	-948.9%	-76.19	9.00	-36.62	-48.18	-72.28
Dividend Payments	1.2%	109	107	163	158	153
Buy Backs	-19.2%	22.00	27.00	27.00	27.00	27.00

Risks for CNS

What is the probability of a big loss on CNS?

56.1%

Probability that Cohen & Steers stock will be more than 20% underwater in next one year

36.5%

Probability that Cohen & Steers stock will be more than 30% underwater in next one year.

21.1%

Probability that Cohen & Steers stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CNS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cohen & Steers was unfortunately bought at previous high price.

Drawdowns

Returns for CNS

Cumulative Returns on CNS

9.8%

10-Year Cumulative Returns

11.3%

7-Year Cumulative Returns

14.0%

5-Year Cumulative Returns

-1.4%

3-Year Cumulative Returns

What are the long-term rolling returns for CNS?

FIve years rolling returns for Cohen & Steers.

Annualized Returns

Which funds bought or sold CNS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	reduced	-3.48	-390,080	8,527,850	0.03%
2023-05-22	AMERIPRISE FINANCIAL INC	added	5.2	228,308	5,764,310	-%
2023-05-22	FDx Advisors, Inc.	unchanged	-	-	267,000	0.01%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-27.13	-331,000	858,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	9.56	822,000	10,449,000	-%
2023-05-17	Advisory Services Network, LLC	added	22.71	3,201	17,982	-%
2023-05-16	JANE STREET GROUP, LLC	new	-	529,653	529,653	-%
2023-05-16	Baker Avenue Asset Management, LP	sold off	-100	-387	-	-%
2023-05-16	SRS Capital Advisors, Inc.	added	11.76	725	7,322	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	196	2,759,110	4,183,240	-%

Latest Funds Activity

Are funds buying CNS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CNS

No. of Funds

CNS Alerts

Big fall in Revenue (Y/Y)

Cohen & Steers News

Schedule 13G FIlings of Cohen & Steers

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	bamco inc /ny/	5.64%	2,749,074	SC 13G/A
Feb 13, 2023	steers robert hamilton	24.2%	11,809,350	SC 13G/A
Feb 13, 2023	cohen martin	19.2%	9,353,864	SC 13G/A
Feb 09, 2023	vanguard group inc	5.38%	2,622,580	SC 13G/A
Feb 14, 2022	bamco inc /ny/	5.59%	2,698,327	SC 13G/A
Feb 09, 2022	vanguard group inc	5.20%	2,510,314	SC 13G/A
Feb 12, 2021	bamco inc /ny/	4.87%	2,327,800	SC 13G/A
Feb 10, 2021	vanguard group inc	5.52%	2,637,548	SC 13G
Feb 10, 2021	steers robert hamilton	24.7%	11,816,811	SC 13G/A
Feb 10, 2021	cohen martin	20.4%	9,729,375	SC 13G/A

CNS Fair Value

Show Fair-Value

Recent SEC filings of Cohen & Steers

View All Filings

Date Filed	Form Type	Document
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 26, 2023	4	Insider Trading
May 16, 2023	4	Insider Trading
May 15, 2023	13F-HR	Fund Holdings Report

Latest Insider Trading transactions for CNS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-25	Stadler Matthew S.	acquired	-	-	373	chief financial officer, evp
2023-05-25	POLI FRANCIS C	acquired	-	-	280	gc, secretary, evp
2023-05-25	Charles Daniel P	acquired	-	-	375	executive vice president
2023-05-25	DERECHIN ADAM M	acquired	-	-	286	chief operating officer, evp
2023-05-25	Cheigh Jon	acquired	-	-	808	chief investment officer, evp
2023-05-25	Dee Alicia	acquired	-	-	56.00	executive vice president
2023-05-25	Dulik Elena	acquired	-	-	53.00	chief accounting officer, svp
2023-05-25	Harvey Joseph M	acquired	-	-	1,494	ceo and president
2023-05-15	Dee Alicia	sold (taxes)	-6,950	54.3	-128	executive vice president
2023-04-24	COHEN MARTIN	gifted	-	-	-35,000	-

About Cohen & Steers

Joseph M. Harvey

www.cohenandsteers.com

350

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. The firm launches and manages equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. Through its subsidiaries, it also launches and manages hedge funds. The firm invests in public equity, fixed income, and commodity markets across the globe through its subsidiaries. Through its subsidiaries, it invests in companies operating in the real estate sector, including real estate investment trusts, infrastructure sector, and natural energy resources sector for its equity and fixed income investments. The firm also invests in preferred securities for its fixed income investments through its subsidiaries. Cohen & Steers, Inc. was founded in 1986 and is based in New York, with additional offices in London, United Kingdom; Central, Hong Kong; Tokyo, Japan; and Seattle, Washington.

CNS Income Statement

2023-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue:
Total revenue	$ 126,082	$ 154,189
Expenses:
Employee compensation and benefits	48,857	54,743
Distribution and service fees	14,216	33,951
General and administrative	17,122	13,510
Total expenses	81,183	103,198
Operating income	44,899	50,991
Non-operating income:
Interest and dividend income—net	3,216	897
Gain (loss) from investments—net	(308)	3,567
Foreign currency gain (loss)—net	(1,276)	646
Total non-operating income (loss)	1,632	5,110
Income before provision for income taxes	46,531	56,101
Provision for income taxes	10,233	9,260
Net income	36,298	46,841
Net (income) loss attributable to redeemable noncontrolling interests	(984)	(4,823)
Net income attributable to common stockholders	$ 35,314	$ 42,018
Earnings per share attributable to common stockholders:
Basic (in dollars per share)	$ 0.72	$ 0.86
Diluted (in dollars per share)	$ 0.71	$ 0.85
Weighted average shares outstanding:
Basic (shares)	49,199	48,673
Diluted (shares)	49,402	49,337
Depreciation, Depletion and Amortization	$ 988	$ 994
Investment advisory and administration fees
Revenue:
Total revenue	118,034	143,669
Distribution and service fees
Revenue:
Total revenue	7,562	9,869
Other
Revenue:
Total revenue	$ 486	$ 651