Cohen & Steers (CNS) Misses Q1 EPS Expectations
Cohen & Steers (NYSE: CNS) reported Q1 EPS of $0.45, $0.08 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $83.8 million versus the consensus estimate of $80.3 million.
Assets Under Management Highlights (Unaudited)
March 31, 2015 Compared with December 31, 2014
(in millions) | Assets Under Management | |||||||||||||||||||
As of | ||||||||||||||||||||
By Investment Vehicle | March 31, 2015 | December 31, 2014 | % Change | |||||||||||||||||
Institutional accounts | $ | 26,704 | $ | 26,201 | 1.9% | |||||||||||||||
Open-end mutual funds | 18,062 | 17,131 | 5.4% | |||||||||||||||||
Closed-end funds | 9,900 | 9,805 | 1.0% | |||||||||||||||||
Total | $ | 54,666 | $ | 53,137 | 2.9% | |||||||||||||||
By Investment Strategy | ||||||||||||||||||||
U.S. real estate | $ | 29,289 | $ | 28,357 | 3.3% | |||||||||||||||
Global/international real estate | 10,189 | 10,184 | 0.0% | |||||||||||||||||
Preferred securities | 6,732 | 6,342 | 6.1% | |||||||||||||||||
Global listed infrastructure | 5,701 | 5,697 | 0.1% | |||||||||||||||||
Large cap value | 1,374 | 1,288 | 6.7% | |||||||||||||||||
Other | 1,381 | 1,269 | 8.8% | |||||||||||||||||
Total | $ | 54,666 | $ | 53,137 | 2.9% | |||||||||||||||
Assets under management were $54.7 billion at March 31, 2015, an increase of $1.5 billion from $53.1 billion at December 31, 2014. The increase from December 31, 2014 was attributable to market appreciation of $2.0 billion, partially offset by net outflows of $451 million.
For earnings history and earnings-related data on Cohen & Steers (CNS) click here.