Cohen & Steers (CNS) AI Stock Analysis

• Market Cap: $3.18B
• Dividend Yield: 3.98%
• Average Volume (3M): 477.10K
• Price to Earnings (P/E): 19.6
• Beta (1Y): 0.72
• Revenue Growth: 12.73%
• EPS Growth: 19.01%
• Country: US
• Employees: 411
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.81
• Shares Outstanding: 51,007,540
• 10 Day Avg. Volume: 393,349
• 30 Day Avg. Volume: 477,095
• PEG Ratio: 2.12
• Price to Book (P/B): 9.10
• Price to Sales (P/S): 9.00
• P/FCF Ratio: 54.74
• Enterprise Value/Market Cap: 1.09
• Enterprise Value/Revenue: 6.11
• Enterprise Value/Gross Profit: 12.33
• Enterprise Value/Ebitda: 15.99
• 1Y Price Target: $70.00
• Price Target Upside: 12.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): 3.08
• Revenue Forecast (FY): $555.51M

• Rating: 60 Neutral
• Price Target: $63.00 ▲(1.06% Upside)

Cohen & Steers' overall stock score is primarily influenced by its strong financial performance, despite cash flow challenges. The technical analysis indicates bearish momentum, which negatively impacts the score. Valuation is moderate, with a reasonable P/E ratio and attractive dividend yield, but not enough to offset the technical weaknesses.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial stability.

Strong Investment Performance

Outperformance of AUM against benchmarks enhances reputation and attracts more investors, driving future AUM growth and revenue.

Balance Sheet Health

A low debt-to-equity ratio suggests financial stability and flexibility, enabling the company to invest in growth opportunities.

Negative Factors

Cash Flow Challenges

Negative cash flow indicates potential liquidity issues, which could limit the company's ability to fund operations and growth initiatives.

Increased Expenses

Rising expenses can pressure profit margins, reducing profitability and potentially impacting long-term financial performance.

Net Outflows in Institutional Segments

Net outflows in key segments can hinder AUM growth, affecting revenue and market position in the competitive asset management industry.

Cohen & Steers Business Overview & Revenue Model

Company Description

Cohen & Steers (CNS) is a leading global investment management firm specializing in real assets, including real estate securities, infrastructure, and commodities. Founded in 1986, the company focuses on providing high-quality investment solutions to institutional and retail clients. Its core products include mutual funds, closed-end funds, and separate accounts, designed to meet the diverse needs of investors looking for income and capital appreciation through real asset investments.

How the Company Makes Money

Cohen & Steers generates revenue primarily through investment management fees charged to clients for managing their assets. These fees typically include a management fee based on a percentage of assets under management (AUM) and, in some cases, performance fees based on investment performance. Key revenue streams come from their various investment products, including mutual funds and separate accounts. Additionally, the firm may earn performance fees if their funds exceed certain benchmarks. Significant partnerships with institutional investors and financial advisors further contribute to their earnings by expanding their distribution channels and reaching a broader client base.

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, particularly negative operating cash flow, indicate potential liquidity issues.

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	565.63M	517.42M	489.64M	573.72M	583.83M	430.90M
Gross Profit	280.19M	242.30M	235.29M	281.96M	312.50M	159.36M
EBITDA	216.06M	203.39M	169.62M	228.42M	279.31M	114.69M
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: 62.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 62.34 is above the 20-day moving average (MA) of 62.25, below the 50-day MA of 64.92, and below the 200-day MA of 71.62, indicating a neutral trend. The MACD of -0.53 indicates Negative momentum. The RSI at 46.27 is Neutral, neither overbought nor oversold. The STOCH value of 78.91 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	80 Outperform	$4.09B	16.05	16.46%	3.08%	33.03%	-3.55%
HTGC	79 Outperform	$3.36B	10.77	15.21%	9.94%	-15.32%	-12.29%
AB	76 Outperform	$3.58B	12.95	19.77%	8.83%	―	-12.92%
APAM	73 Outperform	$3.35B	11.55	62.04%	8.75%	5.46%	2.10%
FHI	72 Outperform	$4.08B	11.01	32.06%	2.53%	9.32%	53.51%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CNS	60 Neutral	$3.18B	19.58	31.53%	3.98%	12.73%	19.01%

Cohen & Steers Corporate Events

Cohen & Steers CFO Resignation and Interim Appointment

On September 11, 2025, Raja Dakkuri announced his resignation as Executive Vice President and Chief Financial Officer of Cohen & Steers, effective October 17, 2025, to pursue another opportunity. Michael Donohue, the current Senior Vice President and Controller, has been appointed as the Interim Chief Financial Officer. The transition is not due to any disagreements within the company, and a search for a permanent successor is underway. This leadership change is expected to ensure continuity in the company’s financial operations and maintain its strategic direction.