Ultime notizie per Cohen & Steers (NYSE:CNS) Azioni

Cohen & Steers

Cohen & Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $79.3 billion in managed assets at the end of January 2024. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 42% (27%) of its managed assets (base management fees) from institutional clients, 45% (52%) from open-end funds, and 13% (21%) from closed-end funds.

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Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) announced today that funds managed by the Private Real Estate Group of Cohen &amp; Steers and DLC, an owner and operator of open-air shopping centers in the U.S., have jointly acquired Springfield Commons, an open-air community shopping center in Springfield, Virginia.
Springfield Commons is a 119,085 square foot shopping center located approximately 15 miles west of Washington, D.C. The center sits across from Springfield Town Center, a vibrant shopping destination that offers a mix of retail, entertainment, and dining options. This hub enhances the area's appeal as a strong retail node, attracting new housing and a hotel currently in development, which will further enhance the community. The property is shadow anchored by the most visited Home Depot in Virginia and is 78% occupied by tenants including Pure Gym, Old Navy, Pure Hockey, Staples and more. The property is expected to be 98% leased in the short-term.

Cohen & Steers And DLC Acquire Open-Air Shopping Center In Fairfax County, VA; No Financial Terms Disclosed

Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) announced today that funds managed by the Private Real Estate Group of Cohen &amp; Steers and the Investment Management business of Acadia Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKR#NYSE">AKR</a>, Acadia", ))), a publicly traded owner and operator of retail properties in the U.S., have entered into a joint venture to own The Walk at Highwoods, an open-air community shopping center in Tampa, Florida.

News

Cohen & Steers And Acadia Realty Trust Acquire The Walk at Highwoods, An Open-Air Shopping Center In Tampa, FL

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Thursday.
Shares of The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) rose sharply during Thursday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/10/41379650/travelers-q3-triumph-strong-premium-growth-and-underwriting-gains-propel-massive-earnings-beat">third-quarter results</a>.
The Travelers Companies reported third-quarter revenue growth of 12% year-over-year to $11.904 billion, beating the consensus of $11.491 billion. Core income per share jumped 169% to $5.24, beating the $3.64 consensus estimate.
Travelers gained 6.9% to $259.63 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Gevo, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) gained 27.6% to $2.87 after the company announced it secured a DOE conditional commitment loan of $1.46 billion for its net-zero 1 sustainable aviation fuel plant in South Dakota.</li>
<li>Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) gained 16.2% to $35.09 after the company reported better-than-expected third-quarter revenue results and raised its FY24 OEBITDA guidance.</li>
<li>XCHG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCH#NASDAQ">XCH</a>) climbed 15.2% to $19.60.</li>
<li>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) gained 14.7% to $88.74.</li>
<li>SelectQuote, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) shares gained 14.6% to $2.58 after the company announced it completed the first phase of recapitalization with $100 million securitization transaction.</li>
<li>Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) gained 12.6% to $211.14 following a third-quarter earnings beat and strong fourth-quarter guidance.</li>
<li>Amicus Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOLD#NASDAQ">FOLD</a>) gained 11.1% to $11.67 after the company announced it entered into a license agreement with Teva and resolved its Galafold patent litigation.</li>
<li>Webster Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) climbed 8.5% to $52.76 following third-quarter results.</li>
<li>Cohen &amp; Steers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) gained 7.7% to $109.00 after UBS upgraded the stock from Sell to Neutral and raised its price target from $63 to $102.</li>
<li>Uranium Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UEC#NYSE">UEC</a>) gained 7.3% to $8.54. Uranium Energy increased licensed production capacity to 4 million pounds of U3O8 PER YEAR AT the Irigaray Processing Plant.</li>
<li>Snap-on Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) climbed 7.2% to $319.43 after the company reported better-than-expected third-quarter adjusted EPS results.</li>
<li>GrafTech International Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) gained 7% to $1.6900.</li>
<li>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) climbed 4.6% to $157.78 following a report suggesting Uber explored a takeover bid for the company.</li>
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Cohen & Steers shares are trading higher after UBS upgraded the stock from Sell to Neutral and raised its price target from $63 to $102.

UBS analyst Brennan Hawken upgrades Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) from Sell to Neutral and raises the price target from $63 to $102.

Upgrades

Price Target

Analyst Ratings

UBS Upgrades Cohen & Steers to Neutral, Raises Price Target to $102

Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) reported quarterly earnings of $0.77 per share which missed the analyst consensus estimate of $0.78 by 1.28 percent. The company reported $133.20 million in sales this quarter. This is a 7.65 percent increase over sales of $123.74 million the same period last year.

Earnings

Earnings Misses

Cohen & Steers Q3 2024 Adj EPS $0.77 Misses $0.78 Estimate, Sales $133.20M Up From $123.74M YoY

Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-16. Here's what investors need to know before the announcement.
Analysts estimate that Cohen &amp; Steers will report an earnings per share (EPS) of $0.77. 
Anticipation surrounds Cohen &amp; Steers's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 0.95% increase in the share price the next day.
Here's a look at Cohen &amp; Steers's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.67</td>
<td>0.71</td>
<td>0.64</td>
<td>0.7</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.68</td>
<td>0.70</td>
<td>0.67</td>
<td>0.7</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-1.0%</td>
<td>3.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729004503_0.png" alt="eps graph" />
<h3>Cohen &amp; Steers Share Price Analysis</h3>
Shares of Cohen &amp; Steers were trading at $96.53 as of October 14. Over the last 52-week period, shares are up 78.67%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Opinions on Cohen &amp; Steers</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Cohen &amp; Steers.
Cohen &amp; Steers has received a total of 2 ratings from analysts, with the consensus rating as Outperform. With an average one-year price target of $94.0, the consensus suggests a potential 2.62% downside.
<h3>Analyzing Ratings Among Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of StepStone Group, Affiliated Managers Group and Janus Henderson Group, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, StepStone Group is favoring an Neutral trajectory, with an average 1-year price target of $55.95, suggesting a potential 42.04% downside.</li>
<li>Affiliated Managers Group received a Buy consensus from analysts, with an average 1-year price target of $208.8, implying a potential 116.31% upside.</li>
<li>The prevailing sentiment among analysts is an Neutral trajectory for Janus Henderson Group, with an average 1-year price target of $37.43, implying a potential 61.22% downside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
Within the peer analysis summary, vital metrics for StepStone Group, Affiliated Managers Group and Janus Henderson Group are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cohen &amp; Steers</td>
<td>Outperform</td>
<td>2.19%</td>
<td>$60.41M</td>
<td>7.55%</td>
</tr>
<tr>
<td>StepStone Group</td>
<td>Neutral</td>
<td>4.71%</td>
<td>$107.34M</td>
<td>3.86%</td>
</tr>
<tr>
<td>Affiliated Managers Group</td>
<td>Buy</td>
<td>-2.38%</td>
<td>$285M</td>
<td>2.20%</td>
</tr>
<tr>
<td>Janus Henderson Group</td>
<td>Neutral</td>
<td>13.92%</td>
<td>$409.30M</td>
<td>2.84%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Cohen &amp; Steers ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is at the top.
<h3>Discovering Cohen &amp; Steers: A Closer Look</h3>
Cohen &amp; Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $79.3 billion in managed assets at the end of January 2024. Cohen &amp; Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 42% (27%) of its managed assets (base management fees) from institutional clients, 45% (52%) from open-end funds, and 13% (21%) from closed-end funds.
<h3>Breaking Down Cohen &amp; Steers's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining Cohen &amp; Steers's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.19% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Cohen &amp; Steers's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 25.06%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Cohen &amp; Steers's ROE stands out, surpassing industry averages. With an impressive ROE of 7.55%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Cohen &amp; Steers's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.34%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.31.
<a href="https://www.benzinga.com/quote/CNS/earnings">To track all earnings releases for Cohen &amp; Steers visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from Cohen & Steers's Earnings

Evercore ISI Group analyst John Dunn maintains Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) with a Outperform and raises the price target from $92 to $96.

Evercore ISI Group Maintains Outperform on Cohen & Steers, Raises Price Target to $96

Making a noteworthy insider sell on September 18, Edmond Villani, Board Member at Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>), is reported in the latest SEC filing.
What Happened: Villani's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001284812/000128481224000328//Archives/edgar/data/1284812/000128481224000328/0001284812-24-000328-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday unveiled the sale of 3,000 shares of Cohen &amp; Steers. The total transaction value is $290,280.
As of Thursday morning, Cohen &amp; Steers shares are down by 0.0%, currently priced at $95.37.
<h3>All You Need to Know About Cohen &amp; Steers</h3>
Cohen &amp; Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $79.3 billion in managed assets at the end of January 2024. Cohen &amp; Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 42% (27%) of its managed assets (base management fees) from institutional clients, 45% (52%) from open-end funds, and 13% (21%) from closed-end funds.
<h3>Understanding the Numbers: Cohen &amp; Steers's Finances</h3>
Revenue Growth: Over the 3 months period, Cohen &amp; Steers showcased positive performance, achieving a revenue growth rate of 2.19% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: With a low gross margin of 47.65%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Cohen &amp; Steers's EPS reflects a decline, falling below the industry average with a current EPS of 0.63.
</li>
</ul>
Debt Management: Cohen &amp; Steers's debt-to-equity ratio is below the industry average at 0.31, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 37.4 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 9.45 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 24.37, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001284812">Check Out The Full List Of Cohen &amp; Steers's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Edmond Villani Implements A Sell Strategy: Offloads $290K In Cohen & Steers Stock

T. Rowe Price Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trow#NASDAQ">TROW</a>) announced its preliminary assets under management of $1.61 trillion for August 2024. The figure reflected a sequential increase of 1.6%.
TROW experienced net outflows of $5.3 billion in August 2024.
<h2>Breakdown of TROW&#39;s AUM Performance</h2>
At the end of August, TROW&#39;s equity products aggregated $825 billion, which increased 1.4% from the previous month&#39;s level. Fixed income (including money market) rose marginally to $183 billion. Further, multi-asset products were $553 billion, which increased 2.2% from the previous month.
Alternative products of $51 billion increased 2% from the prior month&#39;s level.
T. Rowe Price registered $474 billion in target date retirement portfolios in August 2024, which increased 2.2% from the prior month.
<h2>Our Take on TROW</h2>
The company&#39;s solid AUM balance, broadening distribution reach and efforts to diversify business through acquisitions are likely to support its top-line growth in the long term. However, the company&#39;s overdependence on investment advisory fees is concerning. Also, T. Rowe Price&#39;s bottom-line growth continues to be under pressure due to high costs.
Over the past three months, shares of T. Rowe Price have lost 8.7% against the industry&#39;s&nbsp; 6.9% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ae/77702.jpg?v=923798132" />
Image Source: Zacks Investment Research
Currently, TROW carries a Zacks Rank #3 (Hold).
<h2>Performance of Other Asset Managers</h2>
Franklin Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ben#NYSE">BEN</a>) reported its preliminary AUM of $1.68 trillion as of Aug. 31, 2024. This reflected an increase of 1.1% from the prior month&#39;s level.
The improvement in BEN&#39;s AUM balance was due to the impact of positive markets, partially offset by long-term net outflows.&nbsp;
Cohen &amp; Steers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cns#NYSE">CNS</a>) reported a preliminary AUM of $88.1 billion as of Aug. 31, 2024. This reflected a rise of 4.1% from the prior month&#39;s level.
The increase in CNS&#39; AUM balance was driven by the market appreciation of $3.7 billion and net inflows of $8 billion, partially offset by distributions of $152 million.
<a href="https://www.zacks.com/stock/news/2336051/t-rowe-price-s-august-aum-balance-improves-1-6-sequentially?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2336051">To read this article on Zacks.com click here.</a>

Large Cap

Management

TROW

T. Rowe Price's August AUM Balance Improves 1.6% Sequentially

Franklin Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ben#NYSE">BEN</a>) reported its preliminary assets under management of $1.68 trillion as of Aug. 31, 2024. This reflected an increase of 1.1% from the prior month&#39;s level.
The improvement in AUM balance was due to the impact of positive markets, partially offset by long-term net outflows. Outflows included $7.7 billion of long-term net outflows at Western Asset Management. As previously revealed, the Macro Opportunities strategy, included in Alternative AUM, is closing and had $1.1 billion of AUM as of Aug. 31, 2024, and $0.9 billion of net outflows in the month.
<h2>Break Down of BEN&#39;s AUM Based on Asset Class</h2>
BEN recorded equity assets of $603.7 billion, which rose 2.5% from the previous month. Further, fixed income AUM of $574.5 billion at the end of August 2024 increased marginally from the prior month. Likewise, Multi-asset AUM was $172.9 billion, growing modestly from July 2024.
On the other hand, Alternative AUM decreased 1.5% to $251.2 billion from the prior month&#39;s level. Alternative AUM in the reported month includes a $2 billion reduction related to the reclassification of assets under administration.
The cash management balance was $64.35 billion, up 4.6% from the previous month.
<h2>Our Viewpoint on BEN</h2>
Franklin&#39;s efforts to diversify business through buyouts, solid AUM balance and a strong distribution platform will aid its top line. However, elevated expenses and volatility in investment management fees, which bring in the majority of its revenues, are near-term concerns.
Over the past three months, shares of BEN have plunged 11.5% against the industry&#39;s 3.8% rise.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4d/77484.jpg?v=1359146759" />
Image Source: Zacks Investment Research
Currently, BEN carries a Zacks Rank #3 (Hold).
<h2>Performance of Other Asset Managers</h2>
Cohen &amp; Steers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cns#NYSE">CNS</a>) reported a preliminary AUM of $88.1 billion as of Aug. 31, 2024. This reflected a rise of 4.1% from the prior month&#39;s level.
The increase in CNS&#39; AUM balance was driven by the market appreciation of $3.7 billion and net inflows of $8 billion, partially offset by distributions of $152 million.
Invesco (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivz#NYSE">IVZ</a>) reported a preliminary month-end AUM of $1.75 trillion in August 2024. This represented a 1.1% increase from the previous month.
IVZ reported net long-term inflows of $2.4 billion in August. Non-management fee-earning net inflows were $0.9 billion, while money market net outflows totaled $6.4 billion. Further, Invesco&#39;s AUM was favorably impacted by solid market returns, which boosted its AUM by $16 billion. Further, FX increased the AUM balance by $7.3 billion.
<a href="https://www.zacks.com/stock/news/2335231/franklin-s-august-aum-balance-improves-on-favorable-markets?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2335231">To read this article on Zacks.com click here.</a>

Equities

Mid Cap

Franklin's August AUM Balance Improves on Favorable Markets

Evercore ISI Group analyst John Dunn maintains Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) with a Outperform and raises the price target from $85 to $92.

Evercore ISI Group Maintains Outperform on Cohen & Steers, Raises Price Target to $92

It was reported on August 28, that Edmond Villani, Board Member at Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001284812/000128481224000319//Archives/edgar/data/1284812/000128481224000319/0001284812-24-000319-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Villani sold 3,000 shares of Cohen &amp; Steers. The total transaction amounted to $259,980. 
Tracking the Thursday's morning session, Cohen &amp; Steers shares are trading at $86.43, showing a down of 0.0%.
<h3>Get to Know Cohen &amp; Steers Better</h3>
Cohen &amp; Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $79.3 billion in managed assets at the end of January 2024. Cohen &amp; Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 42% (27%) of its managed assets (base management fees) from institutional clients, 45% (52%) from open-end funds, and 13% (21%) from closed-end funds.
<h3>Financial Milestones: Cohen &amp; Steers's Journey</h3>
Revenue Growth: Cohen &amp; Steers displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 2.19%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Insights into Profitability:
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Gross Margin: With a low gross margin of 47.65%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
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Earnings per Share (EPS): Cohen &amp; Steers's EPS reflects a decline, falling below the industry average with a current EPS of 0.63.
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Debt Management: Cohen &amp; Steers's debt-to-equity ratio is below the industry average at 0.31, reflecting a lower dependency on debt financing and a more conservative financial approach.
In-Depth Valuation Examination:
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Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 33.89 is lower than the industry average, indicating potential undervaluation for the stock.
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Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 8.57 suggests overvaluation in the eyes of investors, considering sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 22.03, Cohen &amp; Steers demonstrates a robust market valuation, outperforming industry benchmarks.
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Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>The Importance of Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001284812">Check Out The Full List Of Cohen &amp; Steers's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Edmond Villani Implements A Sell Strategy: Offloads $259K In Cohen & Steers Stock

T. Rowe Price Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trow#NASDAQ">TROW</a>) announced its preliminary assets under management of $1.59 trillion for July 2024. The figure reflected a sequential increase of 1.1%.
TROW experienced net inflows of $2 billion in July 2024.
At the end of July, TROW&#39;s equity products aggregated $814 billion, which increased marginally from the previous month&#39;s level. Fixed income (including money market) rose 1.1% to $182 billion. Further, multi-asset products were $541 billion, which increased 2.3% from the previous month.
Alternative products of $50 billion remained unchanged from the prior month&#39;s level.
T. Rowe Price registered $464 billion in target date retirement portfolios in July 2024, which increased 2.4% from the prior month.
The company&#39;s diversified business model and efforts to broaden distribution reach to international markets and strategic acquisitions will support its top-line growth in the upcoming period. However, the company&#39;s overdependence on investment advisory fees is concerning. Also, T. Rowe Price&#39;s bottom-line growth continues to suffer from high costs.
Over the past three months, shares of T. Rowe Price have lost 1.6% against the industry&#39;s 2% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/87/74166.jpg?v=901218355" />
Image Source: Zacks Investment Research
Currently, TROW carries a Zacks Rank #3 (Hold).
<h3>Performance of Other Asset Managers</h3>
Franklin Resources, Inc. reported its preliminary AUM of $1.66 trillion as of Jul 31, 2024. This reflected an increase of 1% from the prior month&#39;s level.
The improvement in BEN&#39;s AUM balance was primarily due to the impact of positive markets, partially offset by long-term net outflows.
Cohen &amp; Steers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cns#NYSE">CNS</a>) reported its preliminary AUM of $84.6 billion as of Jul 31, 2024. This reflected a rise of 4.8% from the prior month&#39;s level.
The increase in CNS&#39; AUM balance was driven by the market appreciation of $41 billion, partially offset by net outflows of $45 million and distributions of $153 million.
<a href="https://www.zacks.com/stock/news/2321440/t-rowe-price-trow-records-1-1-sequential-rise-in-july-aum?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2321440">To read this article on Zacks.com click here.</a>

T. Rowe Price Records 1.1% Sequential Rise in July AUM

<a href="https://www.globenewswire.com/Tracker?data=i0n_G8_JBxbl_zvVP9SE6wkC0C5QIscY93nJEtAqolIJ0FiOQGaTfpWUqtEKpHZjC4vy6pD88N9CKR44DKWJ5VIFZ29_bYTZPuYy4XmyoHcczZHNAZtJODGdi7accdM5">Phillips Edison &amp; Company, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PECO#NASDAQ">PECO</a>) ("PECO"), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced its acquisition of Des Peres Corners, a grocery-anchored shopping center in Des Peres, Missouri, with Cohen &amp; Steers Income Opportunities REIT, Inc. ("CNSREIT"). The acquisition was made through a programmatic joint venture targeting $300 million in equity and owned 80% by CNSREIT and 20% by PECO. The joint venture will focus on acquiring open-air, grocery-anchored shopping centers and will leverage PECO's deep sector expertise.

PECO

Phillips Edison & Company Acquires Grocery-Anchored Shopping Center In Partnership With Cohen & Steers Income Opportunities REIT; The Acquisition Was Made Through A Programmatic Joint Venture Targeting $300M In Equity And Owned 80% By CNSREIT And 20% By PECO

Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.67 by 1.49 percent. This is a 2.86 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $121.72 million which beat the analyst consensus estimate of $121.48 million by 0.20 percent. This is a 0.90 percent increase over sales of $120.63 million the same period last year.

UPDATE: Cohen & Steers Q2 Adj $0.68 Beats $0.67 Estimate, Sales $121.72M Beat $121.48M Estimate

UBS analyst Adam Beatty maintains Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) with a Sell and lowers the price target from $65 to $63.

UBS Maintains Sell on Cohen & Steers, Lowers Price Target to $63

Dakkuri succeeds&nbsp;Matthew Stadler, who previously notified Cohen &amp; Steers on&nbsp;October 17, 2023&nbsp;of his intention to retire during 2024 upon the appointment of his successor.

Raja Dakkuri Joins Cohen & Steers To Succeed Matthew Stadler As CFO

ALLY

NTRS

SPGI

TREE

UPST

Shares of financial stocks are trading higher following a softer-than-expected May CPI Report. Also, the Fed left rates unchanged.

Cohen &amp; Steers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cns#NYSE">CNS</a>) reported preliminary assets under management of $80.5 billion as of May 31, 2024. This reflected growth of 4.3% from the prior month&#39;s level. 
The increase was mainly attributable to a market appreciation of $3.6 billion. This was partly offset by net outflows of $93 million and distributions of $150 million. 
Cohen &amp; Steers recorded total institutional accounts of $32.1 billion at the end of May 2024, jumping 4.8% from the April 2024-end. Of the total institutional accounts, advisory accounts were $18.3 billion, while the rest were sub-advisory. 
Closed-end funds were $11.1 billion, up 3.1% from the April 2024-end level. Further, Open-end funds were $37.3 billion, which rose 4.2% from the previous month. 
CNS&#39; diverse product offerings, global reach and investment strategies are expected to support its financials. A solid AUM balance is likely to continue supporting the top line. However, a challenging operating environment is a major near-term headwind, which might hurt its financials to some extent. 
Over the past year, Cohen &amp; Steers shares have gained 16.5%, underperforming the industry&#39;s growth of 26.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f2/68569.jpg?v=2068418719" /> 
Image Source: Zacks Investment Research
<h3>Competitive Landscape</h3>
We now look forward to the monthly performance metrics of Invesco (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivz#NYSE">IVZ</a>) and Franklin Resources (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ben#NYSE">BEN</a>), which are expected to release results in the coming days. 
Currently, both IVZ and BEN carry a Zacks Rank of 3 (Hold).
<a href="https://www.zacks.com/stock/news/2286587/cohen-steers-cns-may-aum-balance-rises-on-upbeat-markets?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2286587">To read this article on Zacks.com click here.</a>

Cohen & Steers May AUM Balance Rises on Upbeat Markets

4 Factor Dividend Growth Strategy: A Speed Bump On The Home Stretch

Cohen & Steers reports preliminary assets under management for August

4 Factor Dividend Growth Portfolio: 25% CAGR After Nearly 2 Years

Cohen &amp; Steers Q3 2024 Earnings Preview

Here's the major earnings after the close today

Cohen & Steers Non-GAAP EPS of $0.77 beats by $0.03, revenue of $133.2M beats by $6.34M

Cohen & Steers, Inc. 2024 Q3 - Results - Earnings Call Presentation

Cohen & Steers, Inc. (CNS) Q3 2024 Earnings Call Transcript

Cohen & Steers and Acadia Realty acquire shopping center in Florida

Cohen & Steers announced that funds managed by the Private Real Estate Group of Cohen & Steers and DLC, an owner and operator of open-air shopping ...

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