COHEN & STEERS, INC. · Investment Advice

CNS

Low riskNext report: Around Jan 21, 2027 (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 12% in the latest quarter vs a year ago
Raised its dividend (3.5% yield)
Profitable every year for 10 years

Money moves

No insider buying or selling in the last 30 days
Institutions added 7.4% to their holdings in the quarter ending June 2026 (189 bought, 98 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$71.17+0.2% that day

Company value: $3.7B; Share price times all shares
Price vs profit (P/E): 21.9x; You pay about $22 for each $1 of yearly profit
Price vs sales: 6.3x; Company value is 6.3 times a year of sales
Dividend yield: 3.5%; Yearly dividend as a share of today's price
Cash vs value: 2%; Cash as a share of company value

From CNS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$152.7M+12% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $583.9M, up 7.4% from the 12 months before. Over 5 years, sales grew about 5.4% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of CNS. Starting points are the company's recent numbers.

Sales growth+7% a yearRecently: +7.4% a yearProfit margin29%Last 12 months: 28.8%P/E at the end22xToday: 21.9x. Many steady companies trade at 12x to 25xShare count change+2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$819M

Profit in 5 years$237M

Price these guesses point to$92.03+29% vs $71.17 todayAbout +5.3% a year, before dividends

What today's price needs: with a 29% margin and a 22x P/E, sales would have to grow about 1.6% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.28.5%
PassDebt under half of equityNot relying on borrowed money.No debt reported
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.27.6%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$126.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+4.5% in 3 years

Revenue: $556.1M; +7.5% vs prior year
5-year growth: +5.4%/yr; revenue, per year
Total debt: None; 0.00x equity
Free cash flow: -$126.4M; -22.7% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Oct 15After close4:24 pm ET

The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗

Revenue: $152.7M; +12.2% YoY
EPS: $0.95; vs $0.72
Op. margin: 34.6%; +2.8 pts
Free cash flow: $67.4M
Share count: +0.8%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 3.4
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+7.4%

Institutions added 7.4% to their holdings. 189 bought, 98 sold.

Shares held by institutions29.1M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+1.5%

Cash runwayAt last year's cash burn

6 months

Debt to equityLatest balance sheet: debt compared with what owners have

No debt reported

Shares outstandingLatest reported

51M

Earnings reports

Last 12

Next reportAround Jan 21, 2027 (est.)Estimated from the same quarter last year

Results filedOct 15
Results filedJul 16
Results filedApr 16
Results filedJan 22
Results filedOct 16, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Earnings resultsOct 15 · Form 8-K ↗5%+ holder update (passive)Oct 7 · Form SCHEDULE 13G/A ↗5%+ holder update (passive)Oct 7 · Form SCHEDULE 13G/A ↗

Stock awardMartin CohenDirector, 10% owner

375 shares

+0% of holdings
Now owns 950,809 shares
Filed 1 day after trade

Oct 1Form 4 ↗

Stock awardFrank T ConnorDirector

375 shares

+2% of holdings
Now owns 24,759 shares
Filed 1 day after trade

Oct 1Form 4 ↗

Stock awardReena AggarwalDirector

375 shares

+2% of holdings
Now owns 17,789 shares
Filed 1 day after trade

Oct 1Form 4 ↗

Stock awardDasha SmithDirector

375 shares

+4% of holdings
Now owns 10,642 shares
Filed 1 day after trade

Oct 1Form 4 ↗

Stock awardKaren Wilson ThissenDirector

375 shares

+15% of holdings
Now owns 2,906 shares
Filed 1 day after trade

Oct 1Form 4 ↗

Stock awardLisa DollyDirector

375 shares

+13% of holdings
Now owns 3,171 shares
Filed 1 day after trade

Oct 1Form 4 ↗

Insider tradeOct 2 · Form 4 ↗Insider tradeAug 21 · Form 4 ↗Insider tradeAug 21 · Form 4 ↗Insider tradeAug 21 · Form 4 ↗Insider tradeAug 21 · Form 4 ↗Insider tradeAug 21 · Form 4 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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