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Cohen and Steers Inc   (CNS)
Other Ticker:  
 
    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial
 
Price: $70.3500 $0.14 0.199%
Day's High: $71.165 Week Perf: -6.1 %
Day's Low: $ 69.94 30 Day Perf: 2.06 %
Volume (M): 453 52 Wk High: $ 78.58
Volume (M$): $ 31,869 52 Wk Avg: $62.80
Open: $69.94 52 Wk Low: $50.05



 Market Capitalization (Millions $) 3,492
 Shares Outstanding (Millions) 50
 Employees 275
 Revenues (TTM) (Millions $) 504
 Net Income (TTM) (Millions $) 137
 Cash Flow (TTM) (Millions $) -62
 Capital Exp. (TTM) (Millions $) 57

Cohen And Steers Inc

Cohen & Steers, Inc. (CNS), a Delaware corporation formed on March 17, 2004, is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle, we serve institutional and individual investors around the world.


CNS is the holding company for its direct and indirect subsidiaries, including Cohen & Steers Capital Management, Inc. (CSCM), Cohen & Steers Securities, LLC (CSS), Cohen & Steers Asia Limited (CSAL), Cohen & Steers UK Limited (CSUK) and Cohen & Steers Japan, LLC (CSJL). CNS and its subsidiaries are collectively referred to as the Company, we, us or our.


Our revenue is derived primarily from investment advisory fees received from institutional accounts and investment advisory, administration, distribution and service fees received from open-end and closed-end funds. Our fees are based on contractually specified percentages of the value of the managed assets in each clients account. Our revenue fluctuates with changes in the total value of the assets in a clients account and is recognized over the period that the assets are managed.

We manage three types of investment vehicles: institutional accounts, open-end funds and closed-end funds.

Institutional Accounts
Institutional accounts for which we serve as investment adviser represent portfolios of securities we manage for institutional clients. We manage the assets in each institutional account in accordance with the investment requirements of that client as set forth in such clients investment advisory agreement and investment guidelines. The investment advisory agreements with our institutional account clients are generally terminable at any time.


Subadvisory assets, which represent accounts for which we have been appointed as a subadvisor by the investment adviser to that vehicle, are included in our institutional account assets. As subadvisor, we are responsible for managing the investments, while the investment adviser oversees our performance as subadvisor; the fund sponsor is responsible for decisions regarding the amount, timing and whether to pay distributions of income for the vehicle to its beneficial owners.

Open-end Funds
The open-end funds for which we serve as investment adviser offer and issue new shares continuously as assets are invested and redeem shares when assets are withdrawn. The share price for purchases and redemptions of shares of each of the open-end funds is determined by each funds net asset value, which is calculated at the end of each business day. The net asset value per share is the current value of a funds assets less liabilities, divided by the funds total shares outstanding.
The investment advisory fees that we receive from the open-end funds for which we serve as investment adviser vary based on each funds investment strategy, fees charged by other comparable funds and the market in which the fund is offered. In addition, we receive a separate fee for providing administrative services to certain open-end funds at a rate that is designed to reimburse us for the cost of providing these services.

Our investment advisory and administration agreements with the U.S. registered open-end funds for which we serve as investment adviser are generally terminable upon a vote of a majority of the funds board of directors on 60 days notice, and each investment advisory agreement, including the fees payable thereunder, is subject to annual approval, following the initial two-year term, by a majority of the directors of the funds board who are not "interested persons," as defined by the Investment Company Act of 1940 (the Investment Company Act).

Closed-end Funds
The closed-end funds for which we serve as investment adviser are registered investment companies that have issued a fixed number of shares through public offerings. These shares are listed on the New York Stock Exchange and cannot be redeemed by the funds shareholders. The trading price of the shares is determined by supply and demand in the marketplace, and, as a result, the shares may trade at a premium or discount to the net asset value of the fund.

The investment advisory fees that we receive from the closed-end funds for which we serve as investment adviser vary based on each funds investment strategy, fees charged by other comparable funds and prevailing market conditions at the time each closed-end fund initially offered its shares to the public. In addition, we receive a separate fee for providing administrative services to eight of the nine closed-end funds at a rate that is designed to reimburse us for the cost of providing these services. The closed-end funds pay us a monthly investment advisory fee and an administration fee, if applicable, based on a percentage of the value of the funds average assets under management.

Our investment advisory agreements with each closed-end fund for which we serve as investment adviser are generally terminable upon a vote of a majority of the funds board of directors on 60 days notice and are subject to annual approval, following the initial two-year term, by a majority of the directors of the funds board who are not "interested persons," as defined by the Investment Company Act.

Portfolio Consulting and Other Services
We maintain two proprietary indexes, Cohen & Steers Realty Majors Index (RMP) and Cohen & Steers Global Realty Majors Index (GRM). RMP is the basis for the iShares Cohen & Steers REIT ETF sponsored by BlackRock Institutional Trust Company, N.A. GRM is the basis for Cohen & Steers Global Realty Majors ETF sponsored by ALPS Fund Services, Inc. and iShares Global Real Estate Index Fund (formerly, Claymore Global Real Estate ETF) sponsored by BlackRock Investments Canada Inc. (formerly, Claymore Investments, Inc.) While we receive a fee on these assets, they are not included in our reported assets under management.


We also provide services in connection with model-based strategies (MBS) accounts. As portfolio consultant for a number of MBS accounts, we construct portfolios of securities that fulfill the investment objective of a specified mandate and supply portfolio models on a regular basis. While we receive a fee on these assets, they are not included in our reported assets under management.


In addition, we provide several services in connection with assets held by unit investment trusts (UITs). A UIT is a registered investment company that holds a portfolio of securities that generally does not change during the life of the UIT (generally two to five years) except that the sponsor of the UIT may sell portfolio securities under certain narrowly defined circumstances. As portfolio consultant to a number of UITs, we construct a portfolio of securities that we believe is well suited to satisfy the investment objective of the UIT. We also provide ongoing portfolio monitoring services and provide a license to certain firms to use our name in connection with certain of their investment products. While we receive a fee on these assets, they are not included in our reported assets under management.
Our fee schedules for these services vary based on the type of services.



   Company Address: 1166 Avenue of the Americas New York 10036 NY
   Company Phone Number: 832-3232   Stock Exchange / Ticker: NYSE CNS
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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LPLA        1.64% 
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Cohen And Steers Inc

Cohen And Steers Inc Shocks Investors with Special Results in Q4 2023

Cohen And Steers Inc (CNS) recently reported its earnings for the most recent fiscal period, with an EPS of $0.60 and revenue of $127.50 million. While the company experienced a decrease in profits per share compared to the same period a year ago, it saw a significant increase in revenue by 65.342%.
In contrast to the third quarter, where revenue surged by 98.194% and EPS decreased by -8.31%, CNS showed a more modest growth in revenue and a slight decrease in EPS. These numbers indicate that the company is working towards stabilizing its financial performance.

Cohen And Steers Inc

Investment Services Company Thrives in Challenging Business Climate: Highlights from July to September 2023

Financial News Report:
Cohen And Steers Inc (CNS) experienced a decline in earnings per share in the third quarter of 2023, with a decrease of -27.78% to $0.65 per share. This drop can be primarily attributed to a decrease in revenue of -9.889% to $127.50 million year on year. In the previous financial reporting period, CNS reported a revenue of $124.06 million and a bottom line of $0.64 per share.
Net profits also declined in the third quarter of 2023, falling by -36.46% to $25.169 million compared to $39.614 million in the same period the previous year. This profit decline reflects the challenges faced by CNS during this time.

Cohen And Steers Inc

Cohen And Steers Inc Reports a Notable Drop in Earnings Per Share Despite Increased Revenue for Q2 2023

Cohen And Steers Inc, an Investment Services company, recently released its financial report for the second quarter of 2023. While the company witnessed a revenue growth of 2.743%, it unfortunately experienced a significant income decline of -39.62% in comparison to the corresponding quarter of the previous year.
In terms of specific numbers, the revenue for the second quarter was reported to be $124.06 million, with earnings per share (EPS) at $0.64. This showcases a decrease of -9.86% in EPS compared to the prior quarter, when it stood at $0.71 per share. Net earnings for the quarter ending June 30, 2023, were $32.505 million, which is a rise of 24.31% from the net earnings of $26.149 million reported in the same period a year ago.

Cohen And Steers Inc

Cohen And Steers Inc Faces Concerns as First Quarter 2023 Results Reveal a Significant Decline in Income

Cohen And Steers Inc is a global investment firm that specializes in real estate, infrastructure, and natural resources. It was founded in 1986 and has been providing its clients with investment strategies that aim to generate income and growth since then. The company has offices in the United States, Europe, and Asia and manages over $100 billion in assets. Its clients include institutional investors, individual investors, and high net worth individuals.
The company's recent financial results for the January to March 31 2023 period have been a cause for concern, with its income falling by -16.47% of $0.71 per share compared to $0.85 a year before. Although income improved by 7.89% from $0.66 per share from the prior reporting season, the overall decrease in income has raised questions about the company's future performance.






 

Cohen And Steers Inc's Segments
 
 
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Cohen And Steers Inc does not provide revenue guidance.

Earnings Outlook
Cohen and Steers Inc does not provide earnings estimates.

 
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