NYSE:CNS

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Executive Summary

Cohen & Steers, Inc. is a publicly owned asset management holding company. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential and pays a dividend.


Similar Companies

Share Price & News

How has Cohen & Steers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CNS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CNS's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.3%

CNS

1.5%

US Capital Markets

-0.4%

US Market


1 Year Return

2.7%

CNS

45.4%

US Capital Markets

36.2%

US Market

Return vs Industry: CNS underperformed the US Capital Markets industry which returned 45.4% over the past year.

Return vs Market: CNS underperformed the US Market which returned 36.2% over the past year.


Shareholder returns

CNSIndustryMarket
7 Day2.3%1.5%-0.4%
30 Day-4.1%3.3%-2.3%
90 Day-12.5%14.5%5.0%
1 Year7.2%2.7%49.0%45.4%39.1%36.2%
3 Year91.1%56.4%35.9%25.9%48.4%39.0%
5 Year165.1%97.6%145.9%115.5%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is Cohen & Steers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cohen & Steers undervalued compared to its fair value and its price relative to the market?

41.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CNS ($65.89) is trading above our estimate of fair value ($38.54)

Significantly Below Fair Value: CNS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CNS is poor value based on its PE Ratio (41.1x) compared to the US Capital Markets industry average (23.4x).

PE vs Market: CNS is poor value based on its PE Ratio (41.1x) compared to the US market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: CNS is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: CNS is good value based on its PB Ratio (18.1x) compared to the US Capital Markets industry average (19.8x).


Next Steps

Future Growth

How is Cohen & Steers forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

35.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNS's forecast earnings growth (35.8% per year) is above the savings rate (2%).

Earnings vs Market: CNS's earnings (35.8% per year) are forecast to grow faster than the US market (19.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CNS's revenue (13.4% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: CNS's revenue (13.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CNS's Return on Equity is forecast to be very high in 3 years time (72.3%).


Next Steps

Past Performance

How has Cohen & Steers performed over the past 5 years?

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNS has high quality earnings.

Growing Profit Margin: CNS's current net profit margins (17.9%) are lower than last year (32.7%).


Past Earnings Growth Analysis

Earnings Trend: CNS's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: CNS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CNS had negative earnings growth (-43.1%) over the past year, making it difficult to compare to the Capital Markets industry average (10.4%).


Return on Equity

High ROE: CNS's Return on Equity (33.4%) is considered high.


Next Steps

Financial Health

How is Cohen & Steers's financial position?


Financial Position Analysis

Short Term Liabilities: CNS's short term assets ($135.7M) exceed its short term liabilities ($75.4M).

Long Term Liabilities: CNS's short term assets ($135.7M) exceed its long term liabilities ($48.1M).


Debt to Equity History and Analysis

Debt Level: CNS is debt free.

Reducing Debt: CNS has not had any debt for past 5 years.

Debt Coverage: CNS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CNS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Cohen & Steers's current dividend yield, its reliability and sustainability?

3.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CNS's dividend (3.89%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: CNS's dividend (3.89%) is in the top 25% of dividend payers in the US market (3.64%)


Stability and Growth of Payments

Stable Dividend: CNS's dividend payments have been volatile in the past 10 years.

Growing Dividend: CNS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (97.4%), CNS's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CNS's dividends in 3 years are forecast to be covered by earnings (78% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Joe Harvey (56 yo)

0.083

Tenure

US$4,102,656

Compensation

Mr. Joseph Martin Harvey, also known as Joe, serves as the Acting Chief Executive Officer of Cohen & Steers, Inc. since February 21, 2021. He serves as the President, Director and Chief Investment Officer ...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD4.10M) is about average for companies of similar size in the US market ($USD4.96M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Harvey
President0.083yrUS$4.10m3.06%
$ 97.1m
Matthew Stadler
CFO & Executive VP15.83yrsUS$2.31m0.27%
$ 8.6m
Adam Derechin
Executive VP & COOno dataUS$1.86m1.07%
$ 33.9m
John Cheigh
Head of Global Real Estate1.42yrsUS$3.99m0.25%
$ 8.1m
Robert Steers
CEO & Director (Leave of Absence)0.083yrUS$4.51m24.72%
$ 785.7m
Elena Dulik
Chief Accounting Officer & Senior VP7.83yrsno data0.043%
$ 1.4m
Francis Poli
Executive VPno dataUS$1.67m0.14%
$ 4.4m
Paul Zettl
Senior VP1.83yrsno datano data
Michele Nolty
Executive VP & Global Head of Human Resourcesno datano data0.029%
$ 921.9k
Douglas Bond
Executive VP & Head of Closed-End Fundsno datano datano data
Stephen Dunn
Executive VP & Head of Global Distributionno datano datano data
Leonard Geiger
Senior VP14.67yrsno datano data

1.8yrs

Average Tenure

56yo

Average Age

Experienced Management: CNS's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Joseph Harvey
President0.083yrUS$4.10m3.06%
$ 97.1m
Martin Cohen
Co-Founder & Chairman7.17yrsUS$389.58k20.18%
$ 641.1m
Peter Rhein
Independent Director16.58yrsUS$227.50k0.051%
$ 1.6m
Edmond Villani
Independent Director16.58yrsUS$220.00k0.065%
$ 2.1m
Frank Connor
Independent Director7yrsUS$212.50k0.018%
$ 573.6k
Richard Simon
Independent Director16.58yrsUS$217.50k0.062%
$ 2.0m
Reena Aggarwal
Independent Director4.33yrsUS$212.50k0.0036%
$ 114.1k
Dasha Smith
Independent Director1.33yrsno datano data

7.1yrs

Average Tenure

67yo

Average Age

Experienced Board: CNS's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CNS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cohen & Steers, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cohen & Steers, Inc.
  • Ticker: CNS
  • Exchange: NYSE
  • Founded: 1986
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$3.178b
  • Shares outstanding: 48.23m
  • Website: https://www.cohenandsteers.com

Number of Employees


Location

  • Cohen & Steers, Inc.
  • 280 Park Avenue
  • 10th Floor
  • New York
  • New York
  • 10017
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNSNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 2004
FG9DB (Deutsche Boerse AG)YesCommon StockDEEURAug 2004

Biography

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 foun...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 00:24
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.