Cohen & Steers September AUM Up On Market Gains & Inflows


Cohen & Steers (NYSE:) reported preliminary assets under management (AUM) of $70.8 billion as of Sep 30, 2019, up 1.8% from the prior-month level. Market appreciation of $931 million and net inflows of $613 million were partly offset by distributions of $275 million.

The company recorded total institutional accounts of $31.5 billion at the end of the month, up 1.9% on a sequential basis. Of the total institutional accounts, advisory accounts were $15.2 billion as of Sep 30 while the remaining were subadvisory accounts.

Cohen & Steers recorded $29.6 billion in open-end funds, up 2.1% from the $29 billion recorded a month ago. Also, closed-end funds were $9.7 billion, up nearly 1% from August 2019.

With operations across the globe, the company benefits largely from its well-diversified AUM. However, escalating expenses, mainly due to its continued expansion efforts, are expected to keep hindering its bottom-line growth.

Shares of the company have surged 56.5% so far this year against the 8.6% decline of the industry.

Currently, Cohen & Steers carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance and Upcoming Releases

Franklin Resources (NYSE:) announced preliminary AUM by its subsidiaries of $692.6 billion for September 2019. Results displayed a slight rise from $690.6 billion recorded as of Aug 31, 2019. Net market gains led to the improvement, partially offset by net outflows.

Invesco (NYSE:) and AllianceBernstein Holding L.P. (NYSE:) are expected to report September AUM figures in the next few days.

Today’s Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>

Franklin Resources, Inc. (BEN): Free Stock Analysis Report

Invesco Ltd. (IVZ): Free Stock Analysis Report

Cohen & Steers Inc (CNS): Free Stock Analysis Report

AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report

Original post

Zacks Investment Research

Trade With A Regulated Broker



Please enter your comment!
Please enter your name here

What is 14 + 10 ?
Please leave these two fields as-is:
IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)