Cohen & Steers (CNS) AI Stock Analysis

• Market Cap: $3.71B
• Dividend Yield: 3.38%
• Average Volume (3M): 231.15K
• Price to Earnings (P/E): 23.1
• Beta (1Y): 0.93
• Revenue Growth: 12.95%
• EPS Growth: 23.72%
• Country: US
• Employees: 411
• Sector: Financial
• Sector Strength: 71
• Industry: Asset Management
• EPS (TTM): 0.73
• Shares Outstanding: 50,996,660
• 10 Day Avg. Volume: 299,620
• 30 Day Avg. Volume: 231,153
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 7.03
• Enterprise Value/Gross Profit: 14.33
• Enterprise Value/Ebitda: 17.32
• 1Y Price Target: $71.50
• Price Target Upside: -1.43% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: $82.00 ▲(13.04% Upside)

Cohen & Steers' overall stock score is driven by strong financial performance and positive earnings call highlights, despite challenges in cash flow management and increased expenses. The technical analysis and valuation suggest a moderate outlook, with no significant corporate events impacting the score.

Positive Factors

ETF Infrastructure

CNS's newly built out active ETF infrastructure positions it well for future launches, with new products expected in the active ETF vehicle, including in infrastructure and energy.

Investment Performance

CNS has consistently achieved strong investment performance across its strategies, which positions it favorably once real estate flows improve.

Negative Factors

Economic Challenges

Continued fundraising challenges in real estate and the prospects for slowing US GDP growth and high interest rates are key headwinds.

Financial Results

CNS reported soft financial results which included negative net flows primarily driven from outflows in preferred securities.

Operational Costs

Management raised the G&A growth guidance, indicating higher-than-expected general and administrative expenses.

Cohen & Steers Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Cohen & Steers generates revenue primarily through investment management fees, which are charged as a percentage of assets under management (AUM). The company earns management fees from its various investment products, including mutual funds and closed-end funds, as well as separate accounts for institutional clients. Additionally, performance fees may be applied in certain investment vehicles based on the fund's performance relative to benchmarks. Significant partnerships with financial advisors and broker-dealers also enhance distribution capabilities, contributing to AUM growth and, consequently, revenue. The firm’s focus on real assets provides a competitive edge, particularly in inflationary environments, leading to increased demand for its specialized investment strategies.

Cohen & Steers Financial Statement Overview

Summary

Cohen & Steers demonstrates strong profitability with a solid revenue growth trend and stable balance sheet. However, challenges in cash flow management and slight margin declines suggest potential cost pressures.

Income Statement

Cohen & Steers shows a solid financial performance with a consistent revenue growth rate of 3.87% TTM, indicating a positive trend. The gross profit margin of 49.05% and net profit margin of 28.94% TTM reflect strong profitability. However, the slight decline in margins compared to previous years suggests potential cost pressures.

Balance Sheet

The company's balance sheet is stable with a manageable debt-to-equity ratio of 0.27 TTM, indicating low leverage. The return on equity of 31.80% TTM demonstrates efficient use of equity. However, the equity ratio of 70.34% suggests a moderate reliance on equity financing.

Cash Flow

Cohen & Steers faces challenges in cash flow management, with a negative operating cash flow and free cash flow TTM. The free cash flow growth rate of 379.70% TTM is a positive sign, but the negative operating cash flow coverage ratio indicates potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	560.26M	517.42M	489.64M	566.91M	583.83M	427.54M
Gross Profit	274.82M	242.30M	235.29M	275.15M	312.50M	156.50M
EBITDA	227.32M	203.39M	169.62M	221.60M	279.31M	105.72M
Net Income	162.12M	151.26M	129.05M	171.04M	211.40M	76.58M
Balance Sheet
Total Assets	751.02M	812.37M	736.55M	673.38M	492.69M	348.45M
Cash, Cash Equivalents and Short-Term Investments	230.12M	309.93M	265.44M	262.71M	208.08M	41.23M
Total Debt	141.56M	141.12M	140.41M	138.81M	24.52M	34.93M
Total Liabilities	208.70M	237.46M	243.91M	246.44M	148.36M	123.55M
Stockholders Equity	528.50M	511.71M	381.23M	337.55M	255.18M	174.24M
Cash Flow
Free Cash Flow	-122.43M	85.04M	114.97M	57.46M	240.21M	86.68M
Operating Cash Flow	-116.13M	96.69M	171.96M	61.68M	242.90M	89.19M
Investing Cash Flow	-11.44M	-119.71M	-114.78M	-2.86M	47.65M	-1.77M
Financing Cash Flow	99.93M	18.17M	-119.05M	8.97M	-145.43M	-148.90M

Cohen & Steers Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 72.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNS, the sentiment is Negative. The current price of 72.54 is below the 20-day moving average (MA) of 74.25, below the 50-day MA of 74.60, and below the 200-day MA of 81.08, indicating a bearish trend. The MACD of -0.53 indicates Positive momentum. The RSI at 44.94 is Neutral, neither overbought nor oversold. The STOCH value of 27.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNS.

Cohen & Steers Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VCTR	81 Outperform	$4.83B	17.85	15.59%	2.53%	19.81%	12.83%
FHI	78 Outperform	$4.15B	11.89	32.69%	2.46%	5.92%	54.93%
AB	76 Outperform	$4.36B	11.79	18.55%	8.71%	―	16.78%
CNS	71 Outperform	$3.71B	23.09	32.70%	3.38%	12.95%	23.72%
APAM	69 Neutral	$3.79B	12.75	67.97%	7.71%	9.98%	12.97%
Sector *	68 Neutral	$18.06B	11.97	10.24%	3.74%	9.75%	1.30%
HTGC	64 Neutral	$3.52B	12.85	12.81%	9.83%	-15.88%	-13.91%

Cohen & Steers Corporate Events

Cohen & Steers Amends Credit Agreement with $100M Facility

On August 15, 2025, Cohen & Steers, Inc. amended its Credit Agreement to establish a $100 million senior unsecured revolving credit facility maturing in 2029, with Bank of America, N.A. as the administrative agent. This amendment allows the company to use borrowings for working capital and general corporate purposes, while incorporating financial covenants and performance-based interest rates, potentially impacting its financial flexibility and operational strategy.