Cohen & Steers (CNS) AI Stock Analysis

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Cohen & Steers

(NYSE:CNS)

Rating:69Neutral

Price Target:

$83.00

▲(8.97%Upside)

Cohen & Steers' stock score is driven primarily by its strong financial performance and balance sheet strength, which is somewhat offset by bearish technical indicators and high valuation. The mixed outlook from the earnings call, with both positives and challenges, further influences the score.

Cohen & Steers (CNS) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$3.95B

Dividend Yield3.2%

Average Volume (3M)158.27K

Price to Earnings (P/E)25.3

Beta (1Y)0.98

Revenue Growth10.26%

EPS Growth19.56%

CountryUS

Employees411

SectorFinancial

Sector Strength77

IndustryAsset Management

Share Statistics

EPS (TTM)0.75

Shares Outstanding50,979,156

10 Day Avg. Volume155,852

30 Day Avg. Volume158,271

Financial Highlights & Ratios

PEG Ratio-0.93

Price to Book (P/B)9.33

Price to Sales (P/S)0.00

P/FCF Ratio54.81

Enterprise Value/Market Cap0.77

Enterprise Value/Revenue1.48

Enterprise Value/Gross Profit9.58

Enterprise Value/Ebitda4.04

Forecast

1Y Price Target

$97.00

Price Target Upside27.35% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering0

Cohen & Steers Business Overview & Revenue Model

Company DescriptionCohen & Steers, Inc. (CNS) is a global investment manager specializing in real assets and alternative income strategies. Founded in 1986 and headquartered in New York City, the company focuses on real estate securities, infrastructure, resource equities, and preferred securities. It offers a range of investment solutions, including mutual funds, institutional accounts, and closed-end funds, serving both individual and institutional investors worldwide.

How the Company Makes MoneyCohen & Steers makes money primarily through management fees charged on the assets they manage for their clients. These fees are typically calculated as a percentage of assets under management (AUM) and can vary based on the type of investment product. The company also earns performance fees, which are based on the investment performance relative to a specific benchmark or target. Additionally, Cohen & Steers may receive distribution fees associated with the sale of their investment products. The firm's revenue is influenced by factors such as market conditions, client asset allocations, and the overall performance of the investment portfolios they manage. They maintain significant partnerships with financial advisors and institutions to distribute their investment products, which can contribute to an increase in AUM and, subsequently, revenue.

Cohen & Steers Earnings Call Summary

Earnings Call Date:Apr 16, 2025

(Q1-2025)

% Change Since: 3.89%|

Next Earnings Date:Jul 16, 2025

Earnings Call Sentiment Neutral

The earnings call reflects a mixed outlook for Cohen & Steers. While there is strong investment performance, positive net inflows, and successful launches of new products, the company also faces challenges with declining revenue, institutional advisory outflows, and economic uncertainty due to tariffs and a potential recession.

Q1-2025 Updates

Positive Updates

Strong Investment Performance

81% of AUM outperformed benchmarks in Q1, with one-year outperformance at 89% and three, five, and ten-year rates all above 95%. The company reported excess returns of 257 basis points, 189 basis points, and 254 basis points over one, three, and five-year periods, respectively.

Positive Net Inflows

Cohen & Steers experienced its third consecutive quarter of net inflows, with $222 million in Q1, and a strong performance in open-end funds with $585 million in net inflows.

End-of-Period AUM Growth

Ending AUM increased to $87.6 billion from $85.8 billion in the previous quarter, driven by net inflows and market appreciation.

Launch of Active ETFs

The company launched its first three active ETFs in February, targeting real estate, preferreds, and natural resource equities, with positive early traction, especially in the natural resource equities ETF.

Strong Performance of CNS REIT

Cohen & Steers Income Opportunities REIT was the top-performing non-traded REIT with a return of 13.4% over the past year.

Negative Updates

Revenue and Earnings Decline

Q1 revenue decreased to $133.8 million from the prior quarter, with earnings per share dropping to $0.75 from $0.78.

Institutional Advisory Outflows

Institutional Advisory experienced net outflows of $108 million, with a significant decline in the unfunded pipeline to $61 million from $531 million.

Decreased Operating Margin

Operating margin decreased to 34.7% from 35.5% in the prior quarter, attributed to lower average AUM and other factors.

Challenges from Tariffs and Potential Recession

The company faces economic uncertainty due to tariffs and a potential recession, impacting market conditions and future growth outlook.

Company Guidance

During the Cohen & Steers First Quarter 2025 Earnings Conference Call, guidance for the rest of the year was provided, highlighting several key metrics. The compensation ratio is expected to remain at 40.5% for the year, mirroring the first quarter's figure. General and Administrative (G&A) expenses are projected to increase by 6% to 7% compared to the previous year, driven by infrastructure investments and expenses related to the recent ETF rollout and business development activities. The effective tax rate is anticipated to remain steady at 25.3% on an as-adjusted basis. Despite challenges, the firm remains optimistic about its strategic priorities, including continued investment in the wealth channel and the development of new vehicles and strategies to enhance market position.

Cohen & Steers Financial Statement Overview

Summary

Cohen & Steers exhibits strong profitability with robust margins and a commendable return on equity. Its balance sheet is exceptionally strong with no debt, providing financial flexibility and stability. However, cash flow metrics indicate challenges in cash generation.

Income Statement

Positive

Cohen & Steers shows a strong gross profit margin of 57.85% for 2024, indicating efficient cost management. The net profit margin improved to 29.23% from the previous year, suggesting enhanced profitability. However, revenue growth from 2023 to 2024 was modest at 5.67%, which is below the industry average. EBIT and EBITDA margins are robust at 33.42% and 40.07%, respectively, which signal operational efficiency.

Balance Sheet

Positive

The company maintains a strong balance sheet with a debt-to-equity ratio of 0, indicating no debt burden and strong financial stability. The return on equity improved to 29.56% in 2024, reflecting excellent shareholder returns. The equity ratio is solid at 62.99%, showcasing a strong equity base relative to total assets.

Cash Flow

Positive

Cohen & Steers experienced a decline in operating cash flow, yet maintains a healthy free cash flow to net income ratio of 0.56. The free cash flow growth rate from 2023 to 2024 was negative, indicating a reduction in cash generation. Nevertheless, the company has a solid operating cash flow to net income ratio of 0.64, reflecting good cash-generating efficiency relative to profit.

TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
544.77M	517.42M	489.64M	566.91M	583.83M	427.54M
	Gross Profit
317.50M	242.30M	235.29M	275.15M	312.50M	156.50M
	EBIT
181.36M	172.88M	164.48M	215.94M	260.37M	95.06M
	EBITDA
202.57M	203.39M	184.24M	228.42M	279.31M	114.69M
	Net Income Common Stockholders
157.04M	151.26M	129.05M	171.04M	211.40M	76.58M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
212.21M	309.93M	265.44M	262.71M	184.37M	41.23M
	Total Assets
834.87M	812.37M	736.55M	673.38M	492.69M	348.45M
	Total Debt
0.00	141.12M	140.41M	138.81M	24.52M	34.93M
	Net Debt
74.82M	-41.86M	-47.03M	-108.61M	-159.85M	-6.31M
	Total Liabilities
193.51M	237.46M	243.91M	246.44M	148.36M	123.55M
	Stockholders Equity
507.69M	511.71M	381.23M	337.55M	255.18M	174.24M
Cash Flow		Free Cash Flow
-25.52M	85.04M	114.97M	57.46M	240.21M	86.68M
	Operating Cash Flow
-17.12M	96.69M	171.96M	61.68M	242.90M	89.19M
	Investing Cash Flow
-88.35M	-119.71M	-114.78M	-2.86M	47.65M	-1.77M
	Financing Cash Flow
44.87M	18.17M	-119.05M	8.97M	-145.43M	-148.90M

Cohen & Steers Technical Analysis

Technical Analysis Sentiment

Positive

Last Price76.17

Price Trends

50DMA

76.70

Positive

100DMA

80.10

Negative

200DMA

87.14

Negative

Market Momentum

MACD

-0.40

Positive

RSI

50.05

Neutral

STOCH

61.17

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNS, the sentiment is Positive. The current price of 76.17 is below the 20-day moving average (MA) of 77.74, below the 50-day MA of 76.70, and below the 200-day MA of 87.14, indicating a neutral trend. The MACD of -0.40 indicates Positive momentum. The RSI at 50.05 is Neutral, neither overbought nor oversold. The STOCH value of 61.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CNS.

Cohen & Steers Risk Analysis

Cohen & Steers disclosed 27 risk factors in its most recent earnings report. Cohen & Steers reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 0 New Risks

Cohen & Steers Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VCTR	81 Outperform	$4.18B	13.84	26.57%	3.15%	6.53%	36.51%
FHI	80 Outperform	$3.35B	11.93	24.98%	3.21%	2.32%	1.08%
AB	76 Outperform	$4.47B	10.90	20.69%	7.92%	―	53.17%
AMG	74 Outperform	$5.21B	14.37	12.81%	0.02%	-6.37%	-28.43%
MAIN	74 Outperform	$5.18B	9.88	19.31%	5.20%	51.80%	12.05%
CNS	69 Neutral	$3.95B	25.33	35.42%	3.20%	10.26%	19.56%
Sector *	65 Neutral	$12.93B	9.81	7.84%	78.03%	12.20%	-7.74%

* Financial Sector Average

Performance Comparison

CNS

Cohen & Steers

77.33

8.97

13.12%

AMG

Affiliated Managers

184.08

35.72

24.08%

AllianceBernstein

40.20

10.03

33.24%

FHI

Federated Hermes

42.83

12.21

39.88%

MAIN

Main Street Capital

58.23

12.60

27.61%

VCTR

Victory Capital Holdings

63.31

16.74

35.95%

Cohen & Steers Corporate Events

Executive/Board Changes

Cohen & Steers Announces Executive Retirement and Transition

Neutral

Mar 11, 2025

On March 10, 2025, Cohen & Steers announced the retirement of Daniel P. Charles, Executive Vice President and Head of Global Distribution, after nearly six years with the company and a 37-year career in asset management. During his tenure, Mr. Charles successfully realigned U.S. distribution efforts and expanded the firm’s reach across EMEA and APAC, enhancing the company’s distribution capabilities. Cohen & Steers has begun searching for his successor, and Mr. Charles will remain to assist with the transition.

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.