undamentalytics Newsletter

Cohen & Steers, Inc. (CNS) stock

Add holding +

NYSE: CNS NYSE Asset Management & Custody Banks Next results ~January 21, 2027

C Fundamentals grade

Cohen & Steers, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 4 selling14 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds185 adding, 97 cuttingOf 49 active managers that changed their stake, 23 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Cohen & Steers files

10-Q filed October 30: Cohen & Steers

Revenue for the twelve months to September 2026 was $600m, up 8.6% on a year earlier, faster than the 7.4% growth a quarter earlier. The rating stays Sell.

Our model value for Cohen & Steers is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 31: Cohen & Steers

Revenue for the twelve months to June 2026 was $600m, up 8.6% on a year earlier, faster than the 7.4% growth a quarter earlier.

10-Q on SEC EDGAR

Where Cohen & Steers stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $584m, up 7.4% on a year earlier, about the same pace as a quarter earlier. That puts it 25 of 31 for growth among the asset management & custody banks companies we cover.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 21, 2027 (estimated)

Cohen & Steers, Inc.'s trailing-twelve-month revenue grew 8.6% year on year, with a free-cash-flow margin of 4.6%. Where it stands out: net margin of 28.2% ranks 8 of 43 asset management & custody banks companies we cover.

Current signal Earnings running well ahead of cash (high accruals): Over the last 12 months net income exceeded operating cash flow by an amount equal to 13.4% of total assets. Earnings built on accounting accruals rather than cash have historically proved less persistent.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • High operating margin. 32.4% of revenue is left as operating profit, against a median of 23.7% for asset management & custody banks companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Weak cash conversion. Free cash flow was 16% of net income over the last 12 months.
  • Short interest rising. Shares sold short rose 25% in a month to 6.8% of tradable shares.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 4 of the last four quarters.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$0.89 against an average estimate of $0.91: missed by 1.7%
Revenue
$157m, up 11.1% on a year earlier
Share reaction
+4.9% in the first session after the results on October 15, 2026, against -0.8% for the S&P 500
Next report
October 15, 2026; average EPS estimate $0.81

Cohen & Steers' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.6%
  • 1 week+4.6%
  • 1 month+1.9%
  • This year+21.8%
  • 1 year+12.9%
  • 5 years-9.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$600M
Operating margin
32.4%
Net margin
28.2%
EPS (TTM, diluted)
$3.26

Growth

Revenue growth
+8.6%
Change in growth rate
+1.2 pts
Share count change
+0.5%

Earnings

Last results
October 15, 2026
Next results (est.)
January 21, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

No model value for Cohen & Steers, Inc. at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Cohen & Steers, Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.82 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$34 ~$28–$43 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$41 ~$33–$51 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$51 ~$44–$63 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$18 ~$18–$47 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$60 ~$51–$74 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cohen & Steers, Inc. with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

76 /100

Strong moat

How hard Cohen & Steers's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 22.7% of total assets over 10 years.

  • Durability 20 / 20

    Operating margin has been a median 35.7%; its worst year was 31.1%.

  • Discipline 9 / 20

    The diluted share count rose 5.8% over five years; stock-based pay has been a median 7.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (81 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Cohen & Steers, Inc.: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $3.52 +14% $613m +10%
Next $3.74 +6% $646m +6%

Next year's EPS estimate has moved −3.5% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is 0.0% on 90 days ago. In the last 30 days, 0 analysts raised Cohen & Steers, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Cohen & Steers, Inc., last 90 days
$3.40 $3.60 $3.80 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.52 Current fiscal year, 60 days ago: $3.53 Current fiscal year, 30 days ago: $3.53 Current fiscal year, 7 days ago: $3.50 Current fiscal year, Now: $3.52 $3.52 Next fiscal year, 90 days ago: $3.87 Next fiscal year, 60 days ago: $3.98 Next fiscal year, 30 days ago: $3.98 Next fiscal year, 7 days ago: $3.87 Next fiscal year, Now: $3.74 $3.74

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.52$3.87
60 days ago $3.53$3.98
30 days ago $3.53$3.98
7 days ago $3.50$3.87
Now $3.52$3.74

Earnings against estimates

Cohen & Steers, Inc.: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 $0.91 $0.89 −1.7%
Jun 2026 $0.85 $0.85 −0.6%
Mar 2026 $0.82 $0.79 −3.7%
Dec 2025 $0.81 $0.81 0.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 15, 2026

No numeric guidance in Cohen & Steers, Inc.'s latest earnings release (filed October 15, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

3 analysts, Oct 2026
Buy133%
Hold133%
Sell133%

Monthly trend

  1. Oct 20261113
  2. Sep 20261113
  3. Aug 20261113
  4. Jul 20261113

Counts of recommendations published by analysts covering Cohen & Steers, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.8%
of tradable shares
Days to cover
5.94
at average volume
Short interest, 1 month
+25%
to October 15, 2026
Held by institutions
58%
of shares
Held by insiders
45.8%
of shares
Employees
424
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +12.9%

$65.85 on October 31, 2025 to $74.38

Cohen & Steers, Inc.: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $544m $584m +7.4%
Net margin 29.8% 28.8% −3.4%
P/E multiple 20.9x 22.8x +9.1%
Share count 52m 52m −0.3%

Biggest factor: p/e multiple.

Last 3 years +45.0%

$51.30 on November 3, 2023 to $74.38

Cohen & Steers, Inc.: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $512m $584m +14.0%
Net margin 28.2% 28.8% +2.4%
P/E multiple 17.6x 22.8x +30.0%
Share count 49m 52m −4.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Cohen & Steers, Inc.: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
CNS+29%−28%+22%+26%−30%+22%
Industry peers (median)+33%−17%+19%+15%−4%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CNS67%25%50%75%25%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CNS−14%−39%−33%−15%−34%−23%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 55% from February 19, 2020 to March 23, 2020. Getting back needed a 123% gain, reached on December 4, 2020, 256 days after the low.

Price behaviour

52-week range
$57.62 – $85.65
From 52-week high
−13.2%
vs 50-day average
+0.4%
vs 200-day average
+4.3%
Volatility (1 year)
27%
Beta vs S&P 500
0.56

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±3.4%
After a week
9 up, 3 down
typical move ±3.2%
After a month
7 up, 4 down
typical move ±5.6%
Cohen & Steers, Inc.: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 15, 2026 +4.9% −0.8% +8.6% —
July 16, 2026 +7.3% −1.5% +1.4% +8.3%
April 16, 2026 +0.7% +1.5% +1.6% +8.9%
January 22, 2026 −5.0% +0.6% −6.9% −5.2%
October 16, 2025 +4.6% −0.1% +6.3% −1.8%
July 17, 2025 −4.3% +0.5% +0.4% −0.6%
April 16, 2025 −0.6% −2.1% +2.9% +11.8%
January 22, 2025 +0.1% +1.1% −0.9% −3.2%
October 16, 2024 +7.3% +0.4% +2.7% +2.6%
July 17, 2024 +1.3% −2.2% 0.0% +4.5%
April 17, 2024 −2.2% −0.8% +4.7% +10.0%
January 24, 2024 +2.3% +0.7% +2.5% +4.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Cohen & Steers, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Cohen & Steers, Inc.
$450M $500M $550M $600M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $489.6M Revenue (TTM), FY24 Q1: $486.3M Revenue (TTM), FY24 Q2: $487.4M Revenue (TTM), FY24 Q3: $496.8M Revenue (TTM), FY24 Q4: $517.4M Revenue (TTM), FY25 Q1: $529.2M Revenue (TTM), FY25 Q2: $543.6M Revenue (TTM), FY25 Q3: $552.1M Revenue (TTM), FY25 Q4: $556.1M Revenue (TTM), FY26 Q1: $567.3M Revenue (TTM), FY26 Q2: $583.9M Revenue (TTM), FY26 Q3: $599.6M $599.6M

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $489.6M
FY24 Q1 $486.3M
FY24 Q2 $487.4M
FY24 Q3 $496.8M
FY24 Q4 $517.4M
FY25 Q1 $529.2M
FY25 Q2 $543.6M
FY25 Q3 $552.1M
FY25 Q4 $556.1M
FY26 Q1 $567.3M
FY26 Q2 $583.9M
FY26 Q3 $599.6M
Revenue growth, TTM YoY Cohen & Steers, Inc.
-20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -13.6% Revenue growth, TTM YoY, FY24 Q1: -9.8% Revenue growth, TTM YoY, FY24 Q2: -4.8% Revenue growth, TTM YoY, FY24 Q3: 0.2% Revenue growth, TTM YoY, FY24 Q4: 5.7% Revenue growth, TTM YoY, FY25 Q1: 8.8% Revenue growth, TTM YoY, FY25 Q2: 11.5% Revenue growth, TTM YoY, FY25 Q3: 11.1% Revenue growth, TTM YoY, FY25 Q4: 7.5% Revenue growth, TTM YoY, FY26 Q1: 7.2% Revenue growth, TTM YoY, FY26 Q2: 7.4% Revenue growth, TTM YoY, FY26 Q3: 8.6% 8.6%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -13.6%
FY24 Q1 -9.8%
FY24 Q2 -4.8%
FY24 Q3 0.2%
FY24 Q4 5.7%
FY25 Q1 8.8%
FY25 Q2 11.5%
FY25 Q3 11.1%
FY25 Q4 7.5%
FY26 Q1 7.2%
FY26 Q2 7.4%
FY26 Q3 8.6%
Operating margin (TTM) Cohen & Steers, Inc.
31.5% 32% 32.5% 33% 33.5% 34% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 33.6% Operating margin (TTM), FY24 Q1: 32.9% Operating margin (TTM), FY24 Q2: 32.3% Operating margin (TTM), FY24 Q3: 32.5% Operating margin (TTM), FY24 Q4: 33.4% Operating margin (TTM), FY25 Q1: 33.6% Operating margin (TTM), FY25 Q2: 33.6% Operating margin (TTM), FY25 Q3: 33.8% Operating margin (TTM), FY25 Q4: 32.0% Operating margin (TTM), FY26 Q1: 32.2% Operating margin (TTM), FY26 Q2: 32.9% Operating margin (TTM), FY26 Q3: 32.4% 32.4%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 33.6%
FY24 Q1 32.9%
FY24 Q2 32.3%
FY24 Q3 32.5%
FY24 Q4 33.4%
FY25 Q1 33.6%
FY25 Q2 33.6%
FY25 Q3 33.8%
FY25 Q4 32.0%
FY26 Q1 32.2%
FY26 Q2 32.9%
FY26 Q3 32.4%
FCF margin (TTM) Cohen & Steers, Inc.
-40% -20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 23.5% FCF margin (TTM), FY24 Q1: 27.8% FCF margin (TTM), FY24 Q2: 25.5% FCF margin (TTM), FY24 Q3: 20.1% FCF margin (TTM), FY24 Q4: 16.4% FCF margin (TTM), FY25 Q1: -4.8% FCF margin (TTM), FY25 Q2: -22.5% FCF margin (TTM), FY25 Q3: -17.0% FCF margin (TTM), FY25 Q4: -22.7% FCF margin (TTM), FY26 Q1: -12.8% FCF margin (TTM), FY26 Q2: 10.6% FCF margin (TTM), FY26 Q3: 4.6% 4.6%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 23.5%
FY24 Q1 27.8%
FY24 Q2 25.5%
FY24 Q3 20.1%
FY24 Q4 16.4%
FY25 Q1 -4.8%
FY25 Q2 -22.5%
FY25 Q3 -17.0%
FY25 Q4 -22.7%
FY26 Q1 -12.8%
FY26 Q2 10.6%
FY26 Q3 4.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cohen & Steers, Inc.: annual financial statements
Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 124 184 237 274 298 314 329 350 379 381 411 428 584 567 490 517 556 600
EBITDA — 57 92 102 112 126 131 140 159 152 165 100 264 220 169 182 188 205
Operating income 18 53 87 96 106 122 128 136 155 147 160 95 260 216 164 173 178 194
Net income −2 46 54 66 68 76 65 93 92 114 135 77 211 171 129 151 153 169
Diluted EPS −$0.04 $1.07 $1.23 $1.49 $1.51 $1.65 $1.41 $2.00 $1.96 $2.40 $2.79 $1.57 $4.31 $3.47 $2.60 $2.97 $2.97 $3.26
Growth (year on year)
Revenue — +48.7% +29.1% +15.3% +8.8% +5.4% +4.7% +6.5% +8.2% +0.6% +7.8% +4.1% +36.6% −2.9% −13.6% +5.7% +7.5% +8.6%
EBITDA — — +60.7% +10.8% +9.8% +13.1% +3.9% +6.4% +13.8% −4.7% +8.6% −39.4% +165.2% −16.7% −23.5% +8.1% +2.9% +4.2%
Operating income — +200.6% +64.8% +10.8% +10.3% +14.7% +4.6% +6.2% +14.2% −5.0% +8.9% −40.6% +173.9% −17.1% −23.8% +5.1% +2.8% +4.0%
Net income — — +17.0% +21.7% +3.0% +10.9% −14.5% +44.0% −1.1% +23.9% +18.2% −43.1% +176.0% −19.1% −24.6% +17.2% +1.3% +2.8%
Diluted EPS — — +15.0% +21.1% +1.3% +9.3% −14.5% +41.8% −2.0% +22.4% +16.3% −43.7% +174.5% −19.5% −25.1% +14.2% 0.0% +2.3%
Margins
EBITDA margin — 31.1% 38.8% 37.3% 37.6% 40.3% 40.0% 39.9% 42.0% 39.8% 40.0% 23.3% 45.3% 38.9% 34.4% 35.2% 33.7% 34.1%
Operating margin 14.2% 28.7% 36.7% 35.3% 35.7% 38.8% 38.8% 38.7% 40.9% 38.6% 39.0% 22.2% 44.6% 38.1% 33.6% 33.4% 32.0% 32.4%
Net margin −1.4% 25.3% 22.9% 24.2% 22.9% 24.1% 19.6% 26.6% 24.3% 29.9% 32.8% 17.9% 36.2% 30.2% 26.4% 29.2% 27.6% 28.2%
Free-cash-flow margin 15.9% 27.9% 29.3% 6.2% 23.4% 15.5% 26.6% 29.9% 16.1% 18.1% 33.8% 20.3% 41.1% 10.1% 23.5% 16.4% −22.7% 6.3%
Cash flow
Cash from operations 22 54 72 20 76 55 90 115 64 73 141 89 243 62 172 97 −120 38
Capital spending 2 3 3 3 6 6 2 10 3 3 3 3 3 4 57 12 6 0
Free cash flow 20 51 70 17 70 49 87 105 61 69 139 87 240 57 115 85 −126 38
Stock-based pay 13 15 19 18 22 25 23 22 22 25 28 29 40 49 44 52 46 43
Free cash flow after stock pay 7 36 51 −1 48 24 65 83 39 45 111 57 200 8 71 33 −172 −5
Balance sheet
Cash 153 136 128 95 183 125 143 183 193 93 101 41 184 247 187 183 145 66
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −153 −136 −128 −95 −183 −125 −143 −183 −193 −93 −101 −41 −184 −247 −187 −183 −145 −66
Diluted shares 42m 43m 44m 44m 45m 46m 46m 46m 47m 47m 48m 49m 49m 49m 50m 51m 52m 52m
Returned to shareholders
Dividends 8 102 69 97 80 84 68 71 98 179 163 122 148 107 112 119 127 135
Buybacks 2 3 7 8 8 12 19 8 9 11 10 26 23 27 22 21 28 19
Total returned 11 106 76 106 88 96 87 79 107 189 173 148 170 134 134 140 155 155

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$19.2M
Dividends (TTM)
$135M
Returned to shareholders
561%
of free cash flow
Buybacks, last 3 fiscal years
$71.1M
Diluted share count
+0.5%
year over year
Total shareholder yield
4.0%
dividends 3.5% + buybacks 0.5% of market value
Dividend payout ratio
80%
of net income paid out

Competitors: side by side with peers

Closest by revenue in asset management & custody banks
Growth, margins and cash generation against peers
Last 12 months unless stated CNS WT GCMG AAMI VRTS HLNE Median
Revenue, last 12 months $600m $610m $571m $669m $825m $858m $858m
Revenue growth, last 12 months 8.6% 37.1% 7.0% 24.2% −7.2% 24.0% 17.2%
Revenue growth, 3-year average 6.5% 24.8% 8.8% 18.9% 0.2% 18.3% 10.2%
Revenue growth, latest quarter 11.1% 57.3% 12.3% 45.3% −4.4% 56.5% 14.4%
Operating margin 32.4% 38.8% 27.1% 23.7% 15.7% — 25.8%
Operating margin, 3-year average 32.9% 33.7% 18.5% 24.6% 18.4% — 18.8%
Net margin 28.2% 13.3% 7.8% 15.2% 14.5% 32.1% 15.2%
Cash from operations / revenue 6.3% 32.2% 34.7% −5.1% −5.6% 43.5% 26.4%
Free-cash-flow margin 4.6% 32.1% 32.6% 3.6% −6.3% 42.7% 21.9%
Free-cash-flow margin, 3-year average 2.5% 28.6% 28.8% — 5.2% 37.6% 17.6%
Stock pay / revenue 7.2% 4.3% 9.1% −11.6% 3.2% 5.9% 3.7%
Change in share count 0.5% −2.7% 5.3% −3.8% −3.5% — −0.2%

Median of all 43 companies we cover in asset management & custody banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

43 asset management & custody banks companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 8.6% 17.2% 32 of 43
Change in growth rate Growth +1.2pp +1.0pp 21 of 43
Operating margin Profitability 32.4% 23.7% 6 of 27
Net margin Profitability 28.2% 15.2% 8 of 43
Stock pay as % of revenue Cash generation 7.2% 4.3% 25 of 40
Change in share count Balance sheet 0.5% -0.3% 22 of 33

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Investment Advice $525M ▲ 7.8%
Open End Investment Funds $320M ▲ 11.0%
Institutional Accounts $133M ▲ 2.8%
Closed End Investment Funds $103M ▲ 3.3%
Financial Service $29.3M ▲ 4.2%
Financial Service Other $1.9M ▼ 12.3%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
North America $484M 87.1% ▲ 7.7%
Japan $31.1M 5.6% ▼ 2.0%
Europe $23.4M 4.2% ▲ 13.0%
Asia Excluding Japan $17.4M 3.1% ▲ 11.5%

From Cohen & Steers, Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$2.2B
Institutions reporting
308
Shares held vs prior quarter
▲ 7.3%
Positions opened / closed
42 / 29

Top buyers and sellers, Q2 2026: 185 institutions bought and 97 sold ; the biggest buyer was Woodline Partners LP (+519K shares) and the biggest seller Wasatch Advisors LP (−912K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $343M 4.5M 15.6% ▲ 2.9%
Vanguard Portfolio Management LLC $130M 1.7M 5.9% ▲ 3.1%
Vanguard Capital Management LLC $96M 1.3M 4.3% ▲ 0.3%
Dimensional Fund Advisors LP $91.3M 1.2M 4.1% ▲ 2.1%
State Street Corp $90.8M 1.2M 4.1% ▲ 3.8%
Wasatch Advisors LP $90.3M 1.2M 4.1% ▼ 43.5%
Charles Schwab Investment Management Inc $81M 1.1M 3.7% ▲ 10.1%
Victory Capital Management Inc $73.3M 963K 3.3% ▲ 40.5%
Goldman Sachs Group Inc $70.4M 924K 3.2% ▲ 12.5%
Geode Capital Management, LLC $67.5M 886K 3.1% ▲ 9.4%
Copeland Capital Management, LLC $58.5M 769K 2.7% ▼ 4.4%
Morgan Stanley $43.4M 570K 2.0% ▲ 27.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Cohen & Steers, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Dulik Elena Chief Accounting Officer, SVP July 20, 2026 Sell 1,100 $83.16 $91,476
Noonan Daniel Executive Vice President June 16, 2026 Sell 4,360 $77.33 $337,159
Cheigh Jon President and CIO May 26, 2026 Sell 10,500 $71.75 $753,375
Poli Francis C GC, Secretary, EVP February 12, 2026 Sell 10,000 $65.73 $657,300
Poli Francis C GC, Secretary, EVP February 11, 2026 Sell 5,000 $66.00 $330,000
Poli Francis C GC, Secretary, EVP February 11, 2026 Sell 4,696 $65.24 $306,367
Cohen Martin Director November 20, 2025 Buy 12,708 $60.83 $773,028
Cohen Martin Director November 19, 2025 Buy 14,659 $59.91 $878,221
Cohen Martin Director November 19, 2025 Buy 22,633 $59.50 $1.3M
Steers Robert Hamilton Executive Chairman November 19, 2025 Buy 19,000 $59.88 $1.1M
Steers Robert Hamilton Executive Chairman November 19, 2025 Buy 6,000 $59.86 $359,160
Cohen Martin Director November 18, 2025 Buy 50,000 $59.69 $3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in Cohen & Steers, Inc. disclosed in the last 12 months; 4 earlier trades on record.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 18, 2025
  • Josh Gottheimer(D-NJ 5):Sale (partial), $1,001 - $15,000, traded September 25, 2024, filed October 3, 2024
  • Gilbert Ray Cisneros, Jr.(D-CA 39):Purchase, $1,001 - $15,000, traded November 13, 2020, filed December 15, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 21, 2027 estimated from the company's past filing pattern, not announced

  • October 15, 2026
  • July 16, 2026
  • April 16, 2026
  • January 22, 2026
  • October 16, 2025
  • July 17, 2025

Recent SEC filings

Data status

When each part of this page on Cohen & Steers, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Cohen & Steers, Inc. in brief

What does Cohen & Steers, Inc. do?
Cohen & Steers, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
What is Cohen & Steers, Inc.'s stock ticker?
Cohen & Steers, Inc. trades under the ticker CNS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Cohen & Steers, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Cohen & Steers, Inc. reported revenue of $600M, 8.6% higher than a year earlier, according to its SEC filings.
What is Cohen & Steers, Inc.'s free cash flow?
Cohen & Steers, Inc.'s free-cash-flow margin is 4.6% of revenue over the trailing twelve months.
Who are Cohen & Steers, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Cohen & Steers, Inc. buying back stock, and does it pay a dividend?
Cohen & Steers, Inc. spent $19.2M on share repurchases over the trailing twelve months, and its diluted share count still rose 0.5% over the year.
What is Cohen & Steers, Inc.'s market cap?
On November 2, 2026, Cohen & Steers, Inc.'s market capitalisation was about $3.9B, with a price-to-earnings ratio of 22.8 and net debt of -$66.1M. Market figures come from third-party market data and may be delayed.
Does Cohen & Steers, Inc. pay a dividend?
Yes: Cohen & Steers, Inc. paid $135M in dividends over the trailing twelve months, a dividend yield of 3.54% and a payout ratio of 80.2%.
Who are Cohen & Steers, Inc.'s competitors?
In our Asset Management & Custody Banks peer group, the companies closest to Cohen & Steers, Inc. are Wisdomtree, Inc., GCM Grosvenor Inc., Acadian Asset Management Inc., Virtus Investment Partners, Inc. and Hamilton Lane Inc. The side-by-side comparison below sets their revenue, margins and growth against Cohen & Steers, Inc.'s.
Are insiders buying or selling Cohen & Steers, Inc. stock?
Over the last 12 months, Cohen & Steers, Inc.'s directors and officers reported 14 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is Cohen & Steers, Inc.'s next earnings date?
Around January 21, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Cohen & Steers, Inc. announces its own schedule.