Envestnet Asset Management Increases Stake in Cohen & Steers, Inc

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Envestnet Asset Management Inc. recently announced that it has increased its stake in Cohen & Steers ($NYSE:CNS), Inc., a leading global investment manager specializing in income-oriented strategies. The company also offers a wide range of mutual funds, closed-end funds, ETFs and alternative investments to individual and institutional investors. Cohen & Steers is well known for its innovative products and research capabilities, which provide investors with unique access to income-oriented investments. The company is one of the largest managers of global REITs, MLPs and other income-oriented investments in the world.

In addition, Cohen & Steers has an extensive global presence in Asia, Europe and Latin America. Envestnet Asset Management Inc.’s increased stake in Cohen & Steers shows the confidence that the company has in the company’s ability to provide quality portfolio management services. It is expected that this move will help enhance the value of Cohen & Steers’ offerings and strengthen its position as a leader in the global investment space.

Share Price

On Monday, Envestnet Asset Management Inc. increased its stake in Cohen & Steers, Inc. as the stock opened at $58.3 and closed at $57.8, down by 0.7% from its previous closing price of 58.3. Furthermore, the decline in the price may be attributed to short-term market conditions, as the stock has been performing well overall and may continue to do so in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CNS. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CNS. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CNS. More…

Key Ratios Snapshot

Some of the financial key ratios for CNS are shown below. More…

Analysis

GoodWhale recently conducted an analysis of COHEN & STEERS’s wellbeing. According to Star Chart, COHEN & STEERS is classified as a ‘cow’, which is a type of company that pays out consistent and sustainable dividends. This makes it a good option for income-seeking investors. COHEN & STEERS has an impressive overall health score of 10/10 with regard to its cashflows and debt. This suggests that the company is capable of paying off debt and funding future operations. In terms of its specific performance metrics, COHEN & STEERS is particularly strong in the fields of asset, dividend, and profitability. However, it is slightly weak in terms of growth. As such, investors looking for capital appreciation may not find this company to be as attractive. More…

Peers

The company’s investment philosophy is based on the premise that real estate and income-producing securities are an attractive investment class with unique risk and return characteristics. Cohen & Steers seeks to provide its clients with superior risk-adjusted returns by investing in high-quality real estate and income-producing securities across the globe. The company’s investment products include mutual funds, closed-end funds, institutional separate accounts, and unit investment trusts. Cohen & Steers is headquartered in New York, New York. GAMCO Investors, Inc. is a publicly traded investment management company with over four decades of experience managing portfolios for high net worth individuals, families, and institutions. The company’s investment philosophy is based on the premise that value investing is the key to long-term success in the stock market. GAMCO seeks to provide its clients with superior returns by investing in undervalued companies with significant upside potential. The company’s investment products include mutual funds, closed-end funds, institutional separate accounts, and private investment partnerships. GAMCO is headquartered in Rye, New York. Canadian High Income Equity Fund is a publicly traded closed-end fund that invests primarily in Canadian high yield bonds and preferred shares. The fund’s investment objective is to provide its shareholders with a high level of monthly income. Canadian High Income Equity Fund is managed by CI Investments Inc., a leading asset management company with over three decades of experience managing portfolios for high net worth individuals, families, and institutions. CI Investments is headquartered in Toronto, Canada. Demetra Holdings PLC is a publicly traded holding company that invests in a diversified portfolio of companies operating in the real estate, financial services, and healthcare industries. Demetra Holdings’ investment philosophy is based on the premise that long-term success in the stock market is achieved by investing in high-quality companies with strong fundamentals and attractive valuations. Demetra Holdings is headquartered in London, England.

– GAMCO Investors Inc ($NYSE:GBL)

The company has a market cap of 8.66M as of 2022. The company is engaged in the business of providing equity financing to Canadian companies. The company also provides venture capital financing to Canadian companies.

Summary

Investors have been bullish on Cohen & Steers, Inc. recently, with Envestnet Asset Management Inc. increasing their stake in the company. Analysts believe the company is well-positioned to benefit from various macroeconomic and industry trends. In particular, the company’s exposure to real estate assets, income-producing strategies, and alternative investments have been seen as major drivers of potential growth. Cohen & Steers also offers an impressive track record of strong performance, with its funds outperforming industry benchmarks over long-term periods.

Additionally, it has a strong balance sheet and diversified revenue sources. Looking ahead, investors can expect the company to continue to deliver returns for shareholders as it looks to capitalize on growing trends in the investment industry.