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CNS

Cohen & SteersNYSE:CNS Stock Report

Last Price

US$87.40

Market Cap

US$4.2b

7D

-1.2%

1Y

18.7%

Updated

17 Jan, 2022

Data

Company Financials +
CNS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends5/6

CNS Stock Overview

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

Cohen & Steers Competitors

Blackstone

NYSE:BX

US$138.7b

BlackRock

NYSE:BLK

US$128.7b

KKR

NYSE:KKR

US$59.4b

T. Rowe Price Group

NasdaqGS:TROW

US$40.1b

Price History & Performance

Summary of all time highs, changes and price drops for Cohen & Steers
Historical stock prices
Current Share PriceUS$87.40
52 Week HighUS$101.22
52 Week LowUS$62.43
Beta1.28
1 Month Change-4.27%
3 Month Change-2.63%
1 Year Change18.70%
3 Year Change137.69%
5 Year Change141.10%
Change since IPO572.31%

Recent News & Updates

Dec 07

Cohen & Steers: Future Growth Is Priced In But 3.47% Yield Can Be Thought-Provoking

CNS is heading for a good 2022 but this growth is already priced in as the stock is overvalued right now. AUM and EPS have been growing and it seems that this trend will continue in the upcoming years. The dividend yield is 3.47% with the regular special dividend every November since 2010 making the yield almost 75% higher than the reported 2.02%.

Dec 04
Should You Be Adding Cohen & Steers (NYSE:CNS) To Your Watchlist Today?

Should You Be Adding Cohen & Steers (NYSE:CNS) To Your Watchlist Today?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

CNSUS Capital MarketsUS Market
7D-1.2%-0.8%-0.3%
1Y18.7%30.2%13.7%

Return vs Industry: CNS underperformed the US Capital Markets industry which returned 30.2% over the past year.

Return vs Market: CNS exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is CNS's price volatile compared to industry and market?
CNS volatility
CNS Average Weekly Movement4.1%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: CNS is not significantly more volatile than the rest 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.

About the Company

FoundedEmployeesCEOWebsite
1986347Bob Steershttps://www.cohenandsteers.com

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.

Cohen & Steers Fundamentals Summary

How do Cohen & Steers's earnings and revenue compare to its market cap?
CNS fundamental statistics
Market CapUS$4.22b
Earnings (TTM)US$142.50m
Revenue (TTM)US$540.66m

29.6x

P/E Ratio

7.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNS income statement (TTM)
RevenueUS$540.66m
Cost of RevenueUS$323.14m
Gross ProfitUS$217.53m
ExpensesUS$75.03m
EarningsUS$142.50m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.95
Gross Margin40.23%
Net Profit Margin26.36%
Debt/Equity Ratio0%

How did CNS perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

59%

Payout Ratio

Valuation

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

29.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CNS ($87.4) is trading above our estimate of fair value ($46.17)

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 (29.6x) compared to the US Capital Markets industry average (15.9x).

PE vs Market: CNS is poor value based on its PE Ratio (29.6x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: CNS is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: CNS is good value based on its PB Ratio (15.9x) compared to the US Capital Markets industry average (42.4x).


Future Growth

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

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNS's forecast earnings growth (7.5% per year) is above the savings rate (2%).

Earnings vs Market: CNS's earnings (7.5% per year) are forecast to grow slower than the US market (13% per year).

High Growth Earnings: CNS's earnings are forecast to grow, but not significantly.

Revenue vs Market: CNS's revenue (6.9% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: CNS's revenue (6.9% 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 (85.4%).


Past Performance

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

6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNS has high quality earnings.

Growing Profit Margin: CNS's current net profit margins (26.4%) are lower than last year (28%).


Past Earnings Growth Analysis

Earnings Trend: CNS's earnings have grown by 6.3% per year over the past 5 years.

Accelerating Growth: CNS's earnings growth over the past year (21%) exceeds its 5-year average (6.3% per year).

Earnings vs Industry: CNS earnings growth over the past year (21%) underperformed the Capital Markets industry 86.4%.


Return on Equity

High ROE: CNS's Return on Equity (47.5%) is considered outstanding.


Financial Health

How is Cohen & Steers's financial position?


Financial Position Analysis

Short Term Liabilities: CNS's short term assets ($292.6M) exceed its short term liabilities ($100.2M).

Long Term Liabilities: CNS's short term assets ($292.6M) exceed its long term liabilities ($37.8M).


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


Dividend

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

3.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CNS's dividend (3.49%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: CNS's dividend (3.49%) is in the top 25% of dividend payers in the US market (3.44%)


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 reasonable payout ratio (58.8%), CNS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CNS's dividends in 3 years are forecast to be covered by earnings (68.7% payout ratio).


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Bob Steers (68 yo)

no data

Tenure

US$5,110,979

Compensation

Mr. Robert Hamilton Steers, also known as Bob, is Chief Executive Officer, Director, Portfolio Manager and Chairman at Cohen & Steers Capital Management, Inc. Mr. Steers has been Chief Executive Officer at...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD5.11M) is about average for companies of similar size in the US market ($USD5.13M).

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


Leadership Team

Experienced Management: CNS's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: CNS's board of directors are seasoned and experienced ( 17.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Cohen & Steers, Inc.'s 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
  • Implied Market Cap: US$4.218b
  • Shares outstanding: 48.26m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:19
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
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.