Cohen & Steers (CNS) AI Stock Analysis

• Market Cap: $3.89B
• Dividend Yield: 3.22%
• Average Volume (3M): 224.70K
• Price to Earnings (P/E): 24.2
• Beta (1Y): 0.92
• Revenue Growth: 14.28%
• EPS Growth: 23.72%
• Country: US
• Employees: 411
• Sector: Financial
• Sector Strength: 73
• Industry: Asset Management
• EPS (TTM): 0.73
• Shares Outstanding: 50,979,156
• 10 Day Avg. Volume: 298,709
• 30 Day Avg. Volume: 224,696
• PEG Ratio: 7.88
• Price to Book (P/B): 7.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -145.20
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 1.84
• Enterprise Value/Gross Profit: 11.91
• Enterprise Value/Ebitda: 5.03
• 1Y Price Target: $72.50
• Price Target Upside: -3.58% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 69 Neutral
• Price Target: $82.00 ▲(9.06%Upside)

Cohen & Steers demonstrates solid financial health with profitability and a strong balance sheet. However, technical indicators suggest potential short-term weakness, and valuation is moderate with a decent dividend yield. Despite positive highlights from the earnings call, challenges such as decreased earnings and net outflows need addressing.

Positive Factors

Investment Performance

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

Product Development

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.

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 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 Financial Statement Overview

Summary

Cohen & Steers exhibits strong profitability with robust margins and a commendable return on equity, supported by a debt-free balance sheet. Despite some challenges in cash flow generation, overall financial health remains strong.

Income Statement

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	517.42M	489.64M	566.91M	583.83M	427.54M
Gross Profit	242.30M	235.29M	275.15M	312.50M	156.50M
EBITDA	203.39M	184.24M	228.42M	279.31M	114.69M
Net Income	151.26M	129.05M	171.04M	211.40M	76.58M
Balance Sheet
Total Assets	812.37M	736.55M	673.38M	492.69M	348.45M
Cash, Cash Equivalents and Short-Term Investments	309.93M	265.44M	262.71M	184.37M	41.23M
Total Debt	141.12M	140.41M	138.81M	24.52M	34.93M
Total Liabilities	237.46M	243.91M	246.44M	148.36M	123.55M
Stockholders Equity	511.71M	381.23M	337.55M	255.18M	174.24M
Cash Flow
Free Cash Flow	85.04M	114.97M	57.46M	240.21M	86.68M
Operating Cash Flow	96.69M	171.96M	61.68M	242.90M	89.19M
Investing Cash Flow	-119.71M	-114.78M	-2.86M	47.65M	-1.77M
Financing Cash Flow	18.17M	-119.05M	8.97M	-145.43M	-148.90M

Cohen & Steers Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 75.19
• 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 75.19 is below the 20-day moving average (MA) of 76.09, below the 50-day MA of 76.78, and below the 200-day MA of 85.12, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 47.42 is Neutral, neither overbought nor oversold. The STOCH value of 54.07 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	$4.67B	15.44	26.57%	2.56%	6.53%	36.51%
FHI	77 Outperform	$3.86B	13.76	24.98%	2.58%	2.32%	1.08%
AB	76 Outperform	$4.73B	12.45	18.55%	7.77%	―	53.17%
MAIN	74 Outperform	$5.84B	11.14	19.31%	6.35%	51.80%	12.05%
AMG	73 Outperform	$6.00B	16.57	12.81%	0.02%	-6.37%	-28.43%
CNS	69 Neutral	$3.89B	24.21	32.70%	3.22%	14.28%	23.72%
Sector *	68 Neutral	$17.10B	11.19	9.70%	3.58%	11.11%	-4.55%

Cohen & Steers Corporate Events

Cohen & Steers Announces Executive Retirement and Transition

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.