Cohen & Steers, Inc. (CNS - Free Report) reported preliminary assets under management (AUM) of $79.6 billion as of Feb 29, 2024. This reflected a marginal rise of 0.4% from the prior month's level.
The increase was driven by a market appreciation of $1.2 billion, partly offset by a net outflow of $683 million and distributions of $155 million.
Cohen & Steers recorded total institutional accounts of $31.5 billion at the end of February 2024, falling 1.5% from the January 2024-end level. Of the total institutional accounts, advisory accounts were $17.3 billion, while the rest were sub-advisory.
Closed-end funds were $11 billion, up almost 1% from the January 2024-end level. Further, Open-end funds were $37.1 billion, which grew 2% from the prior month.
CNS’ 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 six months, shares of Cohen & Steers have gained 18.9%, underperforming the industry’s growth of 22.5%.
Competitive Landscape
Franklin Resources, Inc. (BEN - Free Report) reports preliminary month-end AUM of $1.62 trillion as of Feb 29, 2024. This reflected an increase of 1.3% from the prior month's level.
The increase in BEN’s AUM balance was driven by favorable market returns and long-term net inflows. This was partially offset by a fixed-income institutional client redemption of $2.0 billion. The stock currently has a Zacks Rank of 3 (Hold).
Invesco (IVZ - Free Report) announced a preliminary AUM of $1,630.9 billion for February 2024, reflecting 3% growth from the previous month-end.
IVZ delivered net long-term inflows of $1.8 billion in February. Non-management fee-earning net inflows were $1.9 billion and money market net inflows were $3.5 billion. IVZ’s AUM was positively impacted by favorable market returns, which raised AUM by $42 billion. FX affected AUM by $2.6 billion. Invesco also has a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Cohen & Steers, Inc. (CNS - Free Report) reported preliminary assets under management (AUM) of $79.6 billion as of Feb 29, 2024. This reflected a marginal rise of 0.4% from the prior month's level.
The increase was driven by a market appreciation of $1.2 billion, partly offset by a net outflow of $683 million and distributions of $155 million.
Cohen & Steers recorded total institutional accounts of $31.5 billion at the end of February 2024, falling 1.5% from the January 2024-end level. Of the total institutional accounts, advisory accounts were $17.3 billion, while the rest were sub-advisory.
Closed-end funds were $11 billion, up almost 1% from the January 2024-end level. Further, Open-end funds were $37.1 billion, which grew 2% from the prior month.
CNS’ 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 six months, shares of Cohen & Steers have gained 18.9%, underperforming the industry’s growth of 22.5%.
Competitive Landscape
Franklin Resources, Inc. (BEN - Free Report) reports preliminary month-end AUM of $1.62 trillion as of Feb 29, 2024. This reflected an increase of 1.3% from the prior month's level.
The increase in BEN’s AUM balance was driven by favorable market returns and long-term net inflows. This was partially offset by a fixed-income institutional client redemption of $2.0 billion. The stock currently has a Zacks Rank of 3 (Hold).
Invesco (IVZ - Free Report) announced a preliminary AUM of $1,630.9 billion for February 2024, reflecting 3% growth from the previous month-end.
IVZ delivered net long-term inflows of $1.8 billion in February. Non-management fee-earning net inflows were $1.9 billion and money market net inflows were $3.5 billion. IVZ’s AUM was positively impacted by favorable market returns, which raised AUM by $42 billion. FX affected AUM by $2.6 billion. Invesco also has a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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