Cohen & Steers (CNS, Financial) experienced a significant drop in its stock price, falling 2.34% to $99.85 per share with a trading volume of 69,374 shares. The stock's turnover rate was 0.14%, and it showed a volatility of 3.09%.
Recent financial reports reveal that Cohen & Steers generated $132 million in revenue, with a net profit of $39.67 million, translating to an earnings per share (EPS) of $0.78. The company's current price-to-earnings (P/E) ratio stands at 37.26.
Regarding analyst ratings, of the three firms covering the stock, 33% recommend buying, another 33% suggest holding, and 34% advise selling Cohen & Steers shares. The overall asset management sector saw a decline of 0.37%.
Other noteworthy stocks in the sector include The Marygold Companies, Inc., Binah Capital Group Inc C/Wts 15/03/2029 (To Pur Com), and Destiny Tech100 Inc., which recorded significant gains. Meanwhile, Destiny Tech100 Inc., Ellington Credit Company, and Cushing Mlp & Infrastructure Total Return Fund were among the most actively traded, with turnover rates of 45.50%, 2.78%, and 2.45%, respectively. Notable stock volatilities were observed in Binah Capital Group Inc C/Wts 15/03/2029 (To Pur Com) with 70.25%, Beneficient C/Wts 07/06/2028 (To Pur Com) with 38.37%, and The Marygold Companies, Inc. with 24.77%.
Cohen & Steers specializes in niche asset management focused on real estate securities. The firm invests primarily in real estate investment trusts (REITs) and, as of the end of 2022, held 62% of its $80.4 billion in managed assets in both domestic and international real estate securities. The company also manages portfolios in preferred securities, utility stocks, and other high-yield products. Its revenue distribution during 2022 was 40% (25%) from institutional clients, 46% (55%) from open-end funds, and 14% (20%) from closed-end funds.
