CNS AR22 Digital - Flipbook - Page 100
Common stock performance graph
The following graph compares the cumulative total shareholder
return on our common stock from December 31, 2017, through
December 31, 2022, with the cumulative total return of the Standard
& Poor’s 500 Stock Index (“S&P 500”) and the S&P U.S. BMI Asset
Management & Custody Banks Index.* The graph assumes the
investment of $100 in our common stock and in each of the two
indices on December 31, 2017, and the reinvestment of all dividends,
if any. The following information has been obtained from sources
believed to be reliable, but neither its accuracy nor its completeness
is guaranteed. The performance graph is not necessarily indicative
of future investment performance.
Total return performance
$300
Cohen & Steers, Inc.
$250
S&P 500
$200
S&P U.S. BMI Asset Management
& Custody Banks Index*
$150
$100
$50
12/31/17
12/31/18
12/31/19
12/31/20
12/31/21
12/31/22
Source: S&P Global Market Intelligence.
Period Ending
12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22
Cohen & Steers, Inc.
100.00
80.26
155.69
192.20
247.94
178.53
S&P 500 Index
100.00
95.62
125.72
148.85
191.58
156.88
S&P U.S. BMI Asset
Management &
Custody Banks Index
100.00
74.85
94.16
109.10
161.06
120.66
* The S&P U.S. BMI Asset Management & Custody Banks Index currently
comprises the following companies:
Affiliated Managers Group, Inc., Ameriprise Financial, Inc., Ares Management
Corporation, Artisan Partners Asset Management Inc., AssetMark Financial
Holdings, Inc., Associated Capital Group, Inc., BlackRock, Inc., Blackstone
Inc., Blucora, Inc., Blue Owl Capital Inc., Bridge Investment Group Holdings
Inc., BrightSphere Investment Group Inc., Cohen & Steers, Inc., Diamond Hill
Investment Group, Inc., Federated Hermes, Inc., Focus Financial Partners
Inc., Franklin Resources, Inc., Galaxy Digital Holdings Ltd., GQG Partners Inc.,
Grosvenor Capital Management, L.P., Hamilton Lane Incorporated, Invesco Ltd.,
Janus Henderson Group plc, KKR & Co. Inc., Northern Trust Corporation, P10,
Inc., Sculptor Capital Management, Inc., SEI Investments Company, Silvercrest
Asset Management Group Inc., State Street Corporation, StepStone Group
Inc., T. Rowe Price Group, Inc., The Bank of New York Mellon Corporation, The
Carlyle Group Inc., TPG Inc., Victory Capital Holdings, Inc., Virtus Investment
Partners, Inc., Westwood Holdings Group, Inc., WisdomTree, Inc.
In accordance with the rules of the SEC, this common stock
performance graph shall not be incorporated by reference into
any future filings by us under the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), or under the Securities Act of
1933, as amended (the “Securities Act”), and shall not be deemed
to be soliciting material or to be filed under the Securities Act or the
Exchange Act.
Non-GAAP financial measures
The 2022 Financial Highlights include certain as adjusted financial
measures for the years ended December 31, 2022 and 2021. A
reconciliation of these as adjusted financial measures to the most
directly comparable financial measures, calculated and presented
in accordance with accounting principles generally accepted in the
United States, is included in Item 7. Management’s Discussion and
Analysis of Financial Condition and Results of Operations on pages
33–35 of the Form 10-K.
