Back to top
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Franklin Resources, Inc. (BEN) - $25 value - yours FREE >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Franklin Resources, Inc. (BEN) - $25 value - yours FREE >>
Image: Bigstock
Cohen & Steers (CNS) November AUM Rises 1.3% on Market Gains
Cohen & Steers (CNS - Free Report) reported preliminary assets under management (AUM) of $58.6 billion as of Nov 30, 2018, up 1.3% from the prior-month level. Market appreciation of $1.5 billion was partially offset by outflows of $530 million and distributions of $198 million.
The company recorded total institutional accounts of $27 billion at the end of November, up 1.6% sequentially. Of the total institutional accounts, advisory accounts were $12.2 billion as of Nov 30 while the remaining were subadvisory accounts.
Cohen & Steers recorded $22.7 billion in open-end funds, growing 1.2% from the $22.4 billion recorded a month ago. Close-end funds came in at $8.9 billion, up nearly 1% from October.
With operations at a global level, Cohen & Steers benefits greatly from its well diversified AUM. However, mounting expenses, mainly due to its continuous expansion efforts will likely hamper bottom-line growth to some extent.
Shares of the company have lost 23.4% so far this year compared with 25% decline for the industry it belongs to.
Cohen & Steers currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among other investment managers, Franklin Resources (BEN - Free Report) announced preliminary AUM by its subsidiaries of $683.3 billion for November. Results reflect a marginal improvement from $682.7 billion recorded as of Oct 31. The rise was primarily driven by net market gains.
Notably, Invesco (IVZ - Free Report) and Federated Investors, Inc. are likely to come out with their monthly numbers soon.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>