Critical Review: Cohen & Steers (CNS) vs. its Peers
Cohen & Steers (NYSE: CNS) is one of 56 public companies in the “Investment Management” industry, but how does it contrast to its competitors? We will compare Cohen & Steers to related companies based off the strength of its institutional ownership, analyst recommendations, dividends, valuation, risk, profitability and earnings.
Institutional and Insider Ownership
45.4% of Cohen & Steers shares are held by institutional investors. Comparatively, 55.0% of shares of all “Investment Management” companies are held by institutional investors. 52.9% of Cohen & Steers shares are held by insiders. Comparatively, 26.8% of shares of all “Investment Management” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Volatility & Risk
Cohen & Steers has a beta of 1.55, meaning that its share price is 55% more volatile than the S&P 500. Comparatively, Cohen & Steers’ competitors have a beta of 1.41, meaning that their average share price is 41% more volatile than the S&P 500.
This is a breakdown of current ratings and price targets for Cohen & Steers and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Cohen & Steers||1||2||1||0||2.00|
|Cohen & Steers Competitors||660||2022||1951||37||2.29|
Cohen & Steers currently has a consensus target price of $44.33, suggesting a potential upside of 18.25%. All “Investment Management” companies have a potential upside of 0.52%. Given Cohen & Steers’ higher probable upside, equities research analysts plainly believe Cohen & Steers is more favorable than its competitors.
This table compares Cohen & Steers and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Cohen & Steers||26.34%||33.17%||26.42%|
|Cohen & Steers Competitors||29.76%||112.51%||29.54%|
Cohen & Steers pays an annual dividend of $1.12 per share and has a dividend yield of 3.0%. Cohen & Steers pays out 54.4% of its earnings in the form of a dividend. As a group, “Investment Management” companies pay a dividend yield of 3.8% and pay out 66.2% of their earnings in the form of a dividend. Cohen & Steers has increased its dividend for 5 consecutive years.
Valuation & Earnings
This table compares Cohen & Steers and its competitors gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Cohen & Steers||$366.32 million||$150.50 million||18.20|
|Cohen & Steers Competitors||$886.55 million||$250.11 million||-7.90|
Cohen & Steers’ competitors have higher revenue and earnings than Cohen & Steers. Cohen & Steers is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently the more expensive than other companies in its industry.
Cohen & Steers competitors beat Cohen & Steers on 10 of the 15 factors compared.
About Cohen & Steers
Cohen & Steers, Inc. (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors. The Company manages three types of investment vehicles: institutional accounts, open-end funds and closed-end funds. The Company also provides services in connection with model-based strategies (MBS) accounts. In addition, the Company provides several services in connection with assets held by unit investment trusts (UITs). As a portfolio consultant to a number of UITs, the Company constructs a portfolio of securities that suit the investment objective of the UIT. The Company also provides ongoing portfolio monitoring services and provides a license to certain firms to use its name in connection with certain of their investment products.
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