Cohen & Steers Inc. (CNS, Financial) filed Annual Report for the period ended 2010-12-31.
Cohen & Steers Inc. has a market cap of $1.15 billion; its shares were traded at around $27.03 with a P/E ratio of 28.8 and P/S ratio of 6.3. The dividend yield of Cohen & Steers Inc. stocks is 1.5%. Cohen & Steers Inc. had an annual average earning growth of 29.6% over the past 5 years.
The assets we manage increased 39% to $34.5 billion at December 31, 2010 from $24.8 billion at December 31, 2009. Changes in the assets we manage can come from two sourcesinflows (or outflows) and market appreciation (or depreciation). The $9.7 billion increase in the assets we managed from 2009 to 2010 was the result of market appreciation of $4.8 billion and net inflows of $4.8 billion.
Investment advisory fees for the open-end mutual funds vary based on each funds investment objective and strategy, fees charged by other comparable mutual funds and the nature of the investors to whom the mutual fund is offered. In addition, we receive a separate fee for providing administrative services to each open-end mutual fund at a rate that is designed to reimburse us for the cost of providing these services. Each of the open-end mutual funds pays us a monthly administration fee based on a percentage of the funds average assets under management. In the years ended December 31, 2010, 2009 and 2008, investment advisory and administrative fees from our open-end mutual funds totaled approximately $61.1 million, $40.5 million and $63.4 million, respectively, and accounted for 36%, 36% and 39%, respectively, of investment advisory and administrative fee revenue.
Investment advisory fees for the closed-end mutual funds vary based on each funds investment objective and strategy, fees charged by other comparable mutual funds and prevailing market conditions at the time each closed-end mutual fund initially offered its shares to the public. In addition, we receive a separate fee for providing administrative services to six of the eight closed-end mutual funds at a rate that is designed to reimburse us for the cost of providing these services. For services under the investment advisory and administration agreements, closed-end mutual funds pay us a monthly fee based on a percentage of the funds average assets under management. In the years ended December 31, 2010, 2009 and 2008, investment advisory and administrative fees from our closed-end mutual funds totaled approximately $46.1 million, $34.5 million and $61.9 million, respectively, and accounted for 27%, 31% and 38%, respectively, of investment advisory and administrative fee revenue.
Institutional Separate Accounts. The 109 institutional separate accounts for which we are the investment advisor represent portfolios of securities we manage for institutional clients. We manage the assets in each institutional separate account in a manner tailored to the investment preferences of that individual client as defined within each clients individual investment advisory agreement. Our investment advisory agreements with the institutional separate account clients are generally terminable upon 60 days notice. In the years ended December 31, 2010, 2009 and 2008, investment advisory fees from our institutional separate accounts totaled approximately $62.6 million, $37.6 million and $38.5 million, respectively, and accounted for 37%, 33% and 24%, respectively, of investment advisory and administrative fee revenue.
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Cohen & Steers Inc. has a market cap of $1.15 billion; its shares were traded at around $27.03 with a P/E ratio of 28.8 and P/S ratio of 6.3. The dividend yield of Cohen & Steers Inc. stocks is 1.5%. Cohen & Steers Inc. had an annual average earning growth of 29.6% over the past 5 years.
Highlight of Business Operations:
At December 31, 2010, we managed $34.5 billion in assets$8.5 billion in 15 open-end mutual funds, $6.4 billion in eight closed-end mutual funds and $19.6 billion in 109 institutional separate account portfolios for institutional investors.The assets we manage increased 39% to $34.5 billion at December 31, 2010 from $24.8 billion at December 31, 2009. Changes in the assets we manage can come from two sourcesinflows (or outflows) and market appreciation (or depreciation). The $9.7 billion increase in the assets we managed from 2009 to 2010 was the result of market appreciation of $4.8 billion and net inflows of $4.8 billion.
Investment advisory fees for the open-end mutual funds vary based on each funds investment objective and strategy, fees charged by other comparable mutual funds and the nature of the investors to whom the mutual fund is offered. In addition, we receive a separate fee for providing administrative services to each open-end mutual fund at a rate that is designed to reimburse us for the cost of providing these services. Each of the open-end mutual funds pays us a monthly administration fee based on a percentage of the funds average assets under management. In the years ended December 31, 2010, 2009 and 2008, investment advisory and administrative fees from our open-end mutual funds totaled approximately $61.1 million, $40.5 million and $63.4 million, respectively, and accounted for 36%, 36% and 39%, respectively, of investment advisory and administrative fee revenue.
Investment advisory fees for the closed-end mutual funds vary based on each funds investment objective and strategy, fees charged by other comparable mutual funds and prevailing market conditions at the time each closed-end mutual fund initially offered its shares to the public. In addition, we receive a separate fee for providing administrative services to six of the eight closed-end mutual funds at a rate that is designed to reimburse us for the cost of providing these services. For services under the investment advisory and administration agreements, closed-end mutual funds pay us a monthly fee based on a percentage of the funds average assets under management. In the years ended December 31, 2010, 2009 and 2008, investment advisory and administrative fees from our closed-end mutual funds totaled approximately $46.1 million, $34.5 million and $61.9 million, respectively, and accounted for 27%, 31% and 38%, respectively, of investment advisory and administrative fee revenue.
Institutional Separate Accounts. The 109 institutional separate accounts for which we are the investment advisor represent portfolios of securities we manage for institutional clients. We manage the assets in each institutional separate account in a manner tailored to the investment preferences of that individual client as defined within each clients individual investment advisory agreement. Our investment advisory agreements with the institutional separate account clients are generally terminable upon 60 days notice. In the years ended December 31, 2010, 2009 and 2008, investment advisory fees from our institutional separate accounts totaled approximately $62.6 million, $37.6 million and $38.5 million, respectively, and accounted for 37%, 33% and 24%, respectively, of investment advisory and administrative fee revenue.
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