CNS Cohen & Steers Inc Common Stock
$83.46
Price · Aug 19, 2026
Fundamentals as of Jul 31, 2026
52W Range
$58–$87
89% of range
Analyst Rating
SELL
10 analysts
Price Target
$76
P/E (TTM)
28.1
ROE
28.5%
Net Profit Margin
27.6%
About Cohen & Steers Inc Common Stock Company overview from Wikipedia
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
Read more
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
In August 2022, according to a report released by the National Association of Real Estate Investment Trusts, Cohen & Steers was the third largest manager of REIT securities worldwide with $94 billion assets under management as of September 2025.
## History
Cohen & Steers was founded in 1986 by Martin Cohen and Robert Steers. Prior to founding the company, both worked at the National Securities and Research Corporation. There, in 1985, they organized and managed the first real estate securities mutual fund in the United States, the National Real Estate Stock Fund.
Cohen & Steers is considered a pioneer in developing the securitised real estate sector and to this day remains a leader in it. However, Cohen & Steers has diversified by expanding into other investments, such as preferred securities and real assets starting in 2003 and 2012 respectively.
In August 2004, Cohen & Steers completed its initial public offering to become a listed company on the New York Stock Exchange, raising $104.3 million.
In 2016, Cohen retired from day-to-day management of the company. In November 2021, Steers announced he would be steeping down from his position as CEO and would be succeeded by Joseph Harvey.
In 2021, Cohen & Steers' assets under management figure surpassed $100 billion.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CNS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$83.46
Market Cap
$4.26B
P/E (TTM)
28.1
EPS (TTM)
$2.97
Revenue (TTM)
$556M
Div Yield
3.0%
ROE
28.5%
Debt/Equity
—
52W Range
$58 – $87
CNS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$556M
2016-12-31
→
2025-12-31
EPS
$2.97
2016-12-31
→
2025-12-31
Free Cash Flow
$-126M
2016-12-31
→
2025-12-31
Margins
27.6%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
CNS
Peer Median
P/E (TTM)
28.1
15.6
P/S (TTM)
7.7
4.2
P/B
7.6
2.5
Price / FCF
-33.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CNS
Peer Median
Operating Margin
32.0%
—
Net Profit Margin
27.6%
26.5%
ROA
18.1%
5.8%
ROE
28.5%
12.9%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CNS
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CNS
Peer Median
Revenue YoY
7.5%
—
Revenue CAGR 3Y
-0.64%
—
Revenue CAGR 5Y
5.4%
—
EPS YoY
0.00%
—
Net Income YoY
1.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CNS
Peer Median
Payout Ratio
82.8%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
3.0%
Payout Ratio
82.8%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 10, 2026 | $0.6700 |
| May 11, 2026 | $0.6700 |
| March 9, 2026 | $0.6700 |
| Nov. 10, 2025 | $0.6200 |
| Aug. 11, 2025 | $0.6200 |
| May 12, 2025 | $0.6200 |
| March 3, 2025 | $0.6200 |
| Nov. 18, 2024 | $0.5900 |
| Aug. 12, 2024 | $0.5900 |
| May 10, 2024 | $0.5900 |
| March 1, 2024 | $0.5900 |
| Nov. 10, 2023 | $0.5700 |
| Aug. 11, 2023 | $0.5700 |
| May 12, 2023 | $0.5700 |
| March 3, 2023 | $0.5700 |
| Nov. 10, 2022 | $0.5500 |
| Aug. 12, 2022 | $0.5500 |
| May 13, 2022 | $0.5500 |
| March 4, 2022 | $0.5500 |
| Nov. 12, 2021 | $1.7000 |
CNS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
10 analysts
- Strong Buy 0 0.0%
- Buy 1 10.0%
- Hold 3 30.0%
- Sell 5 50.0%
- Strong Sell 1 10.0%
12-Month Price Target
3 analysts · 2026-08-15
Median
$80.00
Mean
$76.00
Now
$83.46
Low
$60.00
High
$88.00
Median target
$80.00
-4.1%
Mean target
$76.00
-8.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.85 | $0.86 | -0.01% |
| March 31, 2026 | $0.79 | $0.82 | -0.03% |
| Dec. 31, 2025 | $0.81 | $0.82 | -0.01% |
| Sept. 30, 2025 | $0.81 | $0.78 | 0.03% |
| June 30, 2025 | $0.73 | $0.76 | -0.03% |
| March 31, 2025 | $0.75 | $0.77 | -0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CNS | $3.20B | 21.1 | 7.5% | 27.6% | 28.5% | — |
| MAIN | $5.43B | 15.3 | — | — | 16.8% | — |
| OTF | $6.75B | 7.9 | — | — | 9.0% | — |
| FHI | — | 10.2 | 10.3% | 22.4% | 34.9% | — |
| APAM | $3.29B | 10.1 | 7.6% | 24.3% | 70.2% | — |
| GBDC | $3.64B | 9.6 | — | — | 9.4% | — |
| AB | — | — | — | — | — | — |
| FSK | $4.15B | 370.2 | — | — | 0.18% | — |
| AAMI | — | 21.3 | 11.5% | 14.2% | — | — |
| HTGC | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $556M | $517M | $490M | $567M | $584M | $428M | $411M | $381M | $379M | $350M | $329M | $314M | |
| SG&A Expense | $71M | $60M | $67M | $55M | $48M | $56M | $48M | $48M | $42M | $43M | $51M | $47M | |
| Operating Expenses | $378M | $345M | $325M | $351M | $323M | $332M | $251M | $234M | $224M | $216M | $201M | $192M | |
| Operating Income | $178M | $173M | $164M | $216M | $260M | $95M | $160M | $147M | $155M | $136M | $128M | $122M | |
| Other Non-op | $-4M | $738.0K | $-3M | $-753.0K | $-89.0K | $-916.0K | $-974.0K | $579.0K | $-699.0K | $780.0K | $-1M | $-504.0K | |
| Pretax Income | $205M | $210M | $180M | $197M | $282M | $93M | $188M | $144M | $160M | $143M | $113M | $122M | |
| Income Tax | · | $47M | $44M | $47M | $56M | $18M | $41M | $34M | $68M | $51M | $48M | $46M | |
| Net Income | $153M | $151M | $129M | $171M | $211M | $77M | $135M | $114M | $92M | $93M | $65M | $76M | |
| EPS (Basic) | $2.99 | $3.00 | $2.62 | $3.51 | $4.38 | $1.60 | $2.85 | $2.43 | $1.98 | $2.02 | $1.42 | $1.69 | |
| EPS (Diluted) | $2.97 | $2.97 | $2.60 | $3.47 | $4.31 | $1.57 | $2.79 | $2.40 | $1.96 | $2.00 | $1.41 | $1.65 | |
| Shares (Basic) | 51,168,000 | 50,409,000 | 49,308,000 | 48,781,000 | 48,316,000 | 47,800,000 | 47,273,000 | 46,794,000 | 46,353,000 | 45,951,000 | 45,433,000 | 44,788,000 | |
| Shares (Diluted) | 51,526,000 | 50,938,000 | 49,553,000 | 49,297,000 | 49,090,000 | 48,676,000 | 48,297,000 | 47,381,000 | 46,979,000 | 46,432,000 | 45,897,000 | 45,643,000 | |
| EBITDA | $188M | $182M | $169M | $220M | $264M | $100M | $165M | $152M | $155M | $136M | $128M | $122M |
Balance Sheet 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $145M | $183M | $187M | $247M | $184M | $41M | $101M | $93M | $193M | $183M | $143M | $125M | |
| Receivables | $80M | $74M | · | · | · | · | · | · | · | · | · | · | |
| PP&E (Net) | $65M | $69M | $66M | $9M | $9M | $10M | $12M | $14M | $15M | $16M | $10M | $11M | |
| PP&E (Gross) | $100M | $94M | $116M | $54M | $50M | $48M | $46M | $43M | $48M | $45M | $36M | $33M | |
| Accum. Depreciation | $35M | $26M | $50M | $45M | $41M | $38M | $33M | $29M | $33M | $29M | $26M | $22M | |
| Goodwill | $19M | $18M | $18M | $18M | $18M | $19M | $18M | $19M | $19M | $18M | $18M | $19M | |
| Intangibles | · | · | · | · | · | · | · | $1M | $1M | $1M | $2M | $2M | |
| Total Assets | $877M | $812M | $737M | $673M | $493M | $348M | $402M | $481M | $410M | $334M | $305M | $281M | |
| Capital Leases | $138M | $141M | $140M | $139M | $25M | $35M | $43M | $54M | · | · | · | · | |
| Total Liabilities | $243M | $237M | $244M | $246M | $148M | $124M | $135M | $144M | $87M | $67M | $62M | $52M | |
| Common Stock | $583.0K | $575.0K | $558.0K | $551.0K | $543.0K | $535.0K | $527.0K | $518.0K | $511.0K | $504.0K | $497.0K | $486.0K | |
| Paid-in Capital | $993M | $943M | $818M | $769M | $716M | $670M | $637M | $602M | $570M | $544M | $520M | $489M | |
| Retained Earnings | $-106M | $-129M | $-158M | $-171M | $-232M | $-292M | $-242M | $-208M | $-138M | $-128M | $-148M | $-143M | |
| Treasury Stock | $321M | $293M | $272M | $250M | $223M | $201M | $175M | $164M | $154M | $145M | $137M | $117M | |
| AOCI | $-5M | $-10M | $-8M | $-11M | $-6M | $-4M | $-6M | $-7M | $-4M | $-6M | $-4M | $-2M | |
| Stockholders' Equity | $562M | $512M | $381M | $338M | $255M | $174M | $214M | $223M | $276M | $266M | $232M | $228M | |
| Liabilities + Equity | $877M | $812M | $737M | $673M | $493M | $348M | $402M | $481M | $410M | $334M | $305M | $281M | |
| Shares Outstanding | 51,032,114 | 50,574,641 | 49,155,000 | 48,723,000 | 48,270,000 | 47,788,000 | 47,250,000 | 46,768,000 | 46,315,000 | 45,890,000 | 45,440,000 | 44,793,000 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $10M | $9M | $4M | $4M | $4M | $5M | $4M | $4M | $4M | $4M | $4M | $5M | |
| Stock-based Comp | $46M | $52M | $44M | $49M | $40M | $29M | $28M | $25M | $22M | $22M | $23M | $25M | |
| Deferred Tax | $561.0K | $-297.0K | $537.0K | $-1M | $104.0K | $107.0K | $96.0K | $-1M | $-314.0K | $-900.0K | $7M | $-279.0K | |
| Amort. of Intangibles | · | · | · | · | · | · | $0 | $95.0K | $89.0K | $89.0K | $89.0K | $89.0K | |
| Other Non-cash | $-330M | $-116M | $-6M | $-162M | $-13M | $-21M | $-25M | $-69M | · | · | · | · | |
| Operating Cash Flow | $-120M | $97M | $172M | $62M | $243M | $89M | $141M | $73M | $64M | $115M | $90M | $55M | |
| CapEx | $6M | $12M | $57M | $4M | $3M | $3M | $3M | $3M | $3M | $10M | $2M | $6M | |
| Investing Cash Flow | $8M | $-120M | $-115M | $-3M | $48M | $-2M | $36M | $-53M | $6M | $3M | $397.0K | $10M | |
| Stock Issued | $961.0K | $1M | $1M | $1M | $1M | $859.0K | $741.0K | $597.0K | $636.0K | $642.0K | $539.0K | $491.0K | |
| Stock Repurchased | $28M | $21M | $22M | $27M | $23M | $26M | $10M | $11M | $9M | $8M | $19M | $12M | |
| Net Stock Activity | $-27M | $-20M | $-20M | $-26M | $-22M | $-25M | $-10M | $-10M | $-9M | $-7M | $-19M | $-11M | |
| Dividends Paid | $127M | $119M | $112M | $107M | $148M | $122M | $163M | $179M | $98M | $71M | $68M | $84M | |
| Financing Cash Flow | $74M | $18M | $-119M | $9M | $-145M | $-149M | $-170M | $-118M | $-60M | $-75M | $-71M | $-66M | |
| Net Change in Cash | · | · | $-62M | $68M | $145M | $-61M | $7M | · | · | · | $19M | $-1M | |
| Taxes Paid | $52M | $47M | $46M | $-64M | $-46M | $-28M | $-37M | $-37M | $-58M | $-49M | $-31M | $-47M | |
| Free Cash Flow | $-126M | $85M | $115M | $57M | $240M | $87M | $139M | $69M | $61M | $105M | $87M | $49M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 32.0% | 33.4% | 33.6% | 38.1% | 44.6% | 22.2% | 39.0% | 38.6% | 40.9% | 38.7% | 38.8% | 38.8% | |
| Net Margin | 27.6% | 29.2% | 26.4% | 30.2% | 36.2% | 17.9% | 32.8% | 29.9% | 24.3% | 26.6% | 19.6% | 24.1% | |
| Pretax Margin | 36.8% | 40.5% | 36.8% | 34.7% | 48.3% | 21.8% | 45.6% | 37.7% | 42.4% | 41.0% | 34.3% | 38.9% | |
| EBITDA Margin | 33.7% | 35.2% | 34.4% | 38.9% | 45.3% | 23.3% | 40.1% | 39.8% | 40.9% | 38.7% | 38.8% | 38.8% | |
| ROA | 18.1% | 19.5% | 18.3% | 29.3% | 50.3% | 20.4% | 30.5% | 27.0% | 24.7% | 29.1% | 22.0% | 27.2% | |
| ROE | 28.5% | 33.9% | 35.9% | 54.6% | 81.3% | 37.4% | 54.7% | 45.7% | 34.0% | 37.4% | 28.1% | 33.5% | |
| ROIC | · | 26.2% | 32.7% | 48.6% | 81.8% | 43.9% | 58.7% | 50.3% | 32.4% | 33.0% | 31.4% | 33.2% |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.7 | 1.0 | 1.4 | 1.1 | 0.9 | 0.9 | 1.0 | 1.1 | 1.1 | 1.1 | |
| Receivables Turnover | 7.2 | · | · | · | · | · | · | · | · | · | · | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.5% | 5.7% | -13.6% | -2.9% | 36.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -0.64% | -4.0% | 4.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 5.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 0.00% | 14.2% | -25.1% | -19.5% | 174.5% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -5.1% | -11.7% | 18.3% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 13.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 1.3% | 17.2% | -24.6% | -19.1% | 176.0% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -3.6% | -10.6% | 19.0% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 14.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 0.71% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $556M | $517M | $490M | $567M | $584M | $428M | $411M | $381M | $379M | $350M | $329M | $314M | |
| Net Income TTM | $153M | $151M | $129M | $171M | $211M | $77M | $135M | $114M | $92M | $93M | $65M | $76M | |
| Market Cap | $3.20B | $4.67B | $4.22B | $3.55B | $5.02B | $3.97B | $2.97B | $1.59B | $2.19B | $1.54B | $1.39B | $1.88B | |
| P/E | 21.1 | 31.1 | 29.1 | 18.6 | 21.5 | 47.3 | 22.5 | 14.3 | 24.1 | 16.8 | 21.6 | 25.5 | |
| P/S | 5.8 | 9.0 | 8.6 | 6.3 | 8.6 | 9.3 | 7.2 | 4.2 | 5.8 | 4.4 | 4.2 | 6.0 | |
| P/B | 5.7 | 9.1 | 11.1 | 10.5 | 19.7 | 22.8 | 13.9 | 7.1 | 7.9 | 5.8 | 6.0 | 8.3 | |
| P / Tangible Book | 5.9 | 9.4 | 11.6 | 11.1 | 21.2 | 25.6 | · | · | · | · | · | · | |
| P / Cash Flow | -26.6 | 48.3 | 24.6 | 57.6 | 20.7 | 44.5 | 21.0 | 21.9 | 34.1 | 13.4 | 15.4 | 34.5 | |
| P / FCF | -25.3 | 54.9 | 36.7 | 61.9 | 20.9 | 45.8 | 21.4 | 23.0 | 35.9 | 14.7 | 15.9 | 38.7 | |
| Dividend Yield | 4.0% | 2.5% | 2.7% | 3.0% | 2.9% | 3.1% | 5.5% | 11.2% | 4.5% | 4.6% | 4.9% | 4.5% | |
| Earnings Yield | 4.7% | 3.2% | 3.4% | 5.4% | 4.7% | 2.1% | 4.5% | 7.0% | 4.1% | 5.9% | 4.6% | 3.9% | |
| Payout Ratio | 82.8% | 78.8% | 87.1% | 62.8% | 69.8% | 159.9% | 120.9% | 157.1% | 106.9% | 76.2% | 105.6% | 111.6% | |
| Annual Payout | $127M | $119M | $112M | $107M | $148M | $122M | $163M | $179M | $98M | $71M | $68M | $84M |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $153M | $146M | $144M | $142M | $136M | $134M | $140M | $133M | $122M | $123M | $119M | $124M | $121M | $126M | $125M | $140M | |
| SG&A Expense | $19M | $19M | $19M | $17M | $18M | $17M | $16M | $15M | $15M | $15M | $17M | $16M | $17M | $17M | $15M | $14M | |
| Operating Expenses | $100M | $96M | $103M | $93M | $93M | $89M | $90M | $88M | $83M | $82M | $81M | $83M | $80M | $81M | $79M | $83M | |
| Operating Income | $53M | $50M | $40M | $49M | $43M | $45M | $49M | $45M | $38M | $40M | $38M | $41M | $41M | $45M | $47M | $57M | |
| Other Non-op | $-166.0K | $7M | $-991.0K | $859.0K | $-3M | $8M | $3M | $-2M | $-483.0K | $134.0K | $-2M | $1M | $-1M | $-1M | $-5M | $2M | |
| Pretax Income | $72M | $57M | $42M | $56M | $54M | $53M | $56M | $68M | $41M | $45M | $55M | $36M | $43M | $47M | $50M | $55M | |
| Income Tax | $16M | · | · | · | $12M | · | · | $12M | $11M | $11M | · | $11M | $11M | $10M | $13M | $16M | |
| Net Income | $49M | $42M | $35M | $42M | $37M | $40M | $46M | $40M | $32M | $34M | $30M | $32M | $32M | $35M | $32M | $45M | |
| EPS (Basic) | $0.96 | $0.82 | $0.68 | $0.81 | $0.72 | $0.78 | $0.90 | $0.78 | $0.63 | $0.69 | $0.61 | $0.65 | $0.64 | $0.72 | $0.68 | $0.91 | |
| EPS (Diluted) | $0.95 | $0.82 | $0.67 | $0.81 | $0.72 | $0.77 | $0.89 | $0.77 | $0.63 | $0.68 | $0.60 | $0.65 | $0.64 | $0.71 | $0.66 | $0.90 | |
| Shares (Basic) | 51,545,000 | 51,441,000 | -102,260,000 | 51,205,000 | 51,165,000 | 51,058,000 | -100,357,000 | 50,778,000 | 50,419,000 | 49,569,000 | -98,557,000 | 49,351,000 | 49,315,000 | 49,199,000 | -97,512,000 | 48,815,000 | |
| Shares (Diluted) | 51,861,000 | 51,595,000 | -102,935,000 | 51,572,000 | 51,471,000 | 51,418,000 | -101,095,000 | 51,428,000 | 50,770,000 | 49,835,000 | -98,929,000 | 49,617,000 | 49,463,000 | 49,402,000 | -98,565,000 | 49,317,000 | |
| EBITDA | $55M | $53M | · | $51M | $46M | $48M | · | $47M | $41M | $43M | · | $42M | $42M | $46M | · | $58M |
Balance Sheet 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $59M | $53M | $145M | $98M | $95M | $65M | $183M | $106M | $122M | $100M | $187M | $133M | $178M | $150M | $247M | $162M | |
| Receivables | · | · | $80M | · | · | · | $74M | · | · | · | · | · | · | · | · | · | |
| PP&E (Net) | $61M | $62M | $65M | $67M | $68M | $68M | $69M | $70M | $70M | $68M | · | $52M | $36M | $12M | · | $9M | |
| PP&E (Gross) | · | · | $100M | · | · | · | $94M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $35M | · | · | · | $26M | · | · | · | · | · | · | · | · | · | |
| Goodwill | · | · | $19M | · | · | · | $18M | · | · | · | $18M | · | · | · | $18M | · | |
| Total Assets | $901M | $855M | $877M | $802M | $751M | $835M | $812M | $728M | $784M | $681M | · | $674M | $625M | $623M | · | $506M | |
| Capital Leases | · | · | $138M | $140M | $142M | $140M | $141M | $141M | $141M | $141M | · | $133M | $116M | $138M | · | $16M | |
| Total Liabilities | $206M | $188M | $243M | $222M | $209M | $194M | $237M | $215M | $200M | $206M | · | $218M | $181M | $194M | · | $113M | |
| Common Stock | $589.0K | $589.0K | $583.0K | $582.0K | $582.0K | $582.0K | $575.0K | $574.0K | $574.0K | $564.0K | · | $558.0K | $558.0K | $558.0K | · | $550.0K | |
| Paid-in Capital | $1.02B | $1.00B | $993M | $982M | $969M | $956M | $943M | $932M | $916M | $832M | · | $806M | $794M | $781M | · | $755M | |
| Retained Earnings | $-85M | $-99M | $-106M | $-108M | $-118M | $-122M | $-129M | $-144M | $-153M | $-154M | · | $-159M | $-162M | $-165M | · | $-176M | |
| Treasury Stock | $338M | $338M | $321M | $320M | $319M | $319M | $293M | $291M | $291M | $291M | · | $271M | $271M | $271M | · | $249M | |
| AOCI | $-5M | $-5M | $-5M | $-4M | $-4M | $-8M | $-10M | $-5M | $-9M | $-9M | · | $-10M | $-9M | $-9M | · | $-15M | |
| Stockholders' Equity | $589M | $563M | $562M | $550M | $529M | $508M | $512M | $491M | $463M | $379M | · | $367M | $353M | $337M | · | $316M | |
| Liabilities + Equity | $901M | $855M | $877M | $802M | $751M | $835M | $812M | $728M | $784M | $681M | · | $674M | $625M | $623M | · | $506M | |
| Shares Outstanding | 51,416,875 | 51,402,576 | 51,032,114 | 51,004,418 | 50,993,657 | 50,976,952 | 50,574,641 | 50,555,483 | · | · | 49,155,000 | · | · | · | 48,723,000 | · |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $801.0K | $839.0K | $988.0K | $1M | $1M | |
| Stock-based Comp | $11M | $11M | $10M | $12M | $12M | $11M | $11M | $15M | $14M | $13M | $11M | $11M | $12M | $11M | $13M | $12M | |
| Deferred Tax | $-585.0K | $8M | $-1M | $-1M | $-2M | $6M | $-396.0K | $-1M | $-3M | $4M | $9M | $-8M | $-3M | $3M | $246.0K | $-3M | |
| Other Non-cash | · | $-115M | · | · | · | $-168M | · | · | · | $-49M | · | · | · | $-65M | · | · | |
| Operating Cash Flow | $67M | $-51M | $1M | $55M | $-68M | $-109M | $35M | $26M | $31M | $5M | $59M | $75M | $54M | $-15M | $58M | $52M | |
| CapEx | · | · | $282.0K | $2M | $2M | $1M | $2M | $1M | $4M | $4M | $11M | $26M | $16M | $5M | $1M | $1M | |
| Investing Cash Flow | $-35M | $-25M | $39M | $-35M | $3M | $2M | $23M | $-39M | $-74M | $-29M | $13M | $-97M | $4M | $-35M | $42M | $-1M | |
| Stock Issued | · | $401.0K | · | · | · | $329.0K | · | · | · | $357.0K | $156.0K | $229.0K | $291.0K | $387.0K | $162.0K | $201.0K | |
| Stock Repurchased | $394.0K | $17M | $2M | $258.0K | $621.0K | $26M | $2M | $68.0K | $134.0K | $19M | $858.0K | $50.0K | $187.0K | $20M | $944.0K | $113.0K | |
| Net Stock Activity | · | $-17M | · | · | · | $-26M | · | · | · | $-19M | · | · | · | $-20M | · | · | |
| Dividends Paid | $35M | $35M | $32M | $32M | $32M | $32M | $30M | $30M | $30M | $29M | $28M | $28M | $28M | $28M | $27M | $27M | |
| Financing Cash Flow | $-27M | $-14M | $8M | $-17M | $94M | $-11M | $13M | $4M | $66M | $-64M | $-20M | $-22M | $-31M | $-47M | $-20M | $-10M | |
| Net Change in Cash | · | · | · | · | · | · | · | · | · | $-89M | · | $-44M | $27M | $-96M | · | $41M | |
| Taxes Paid | · | · | · | · | · | · | · | · | · | $1M | · | · | · | $3M | · | · | |
| Free Cash Flow | · | · | · | · | · | $-110M | · | · | · | $537.0K | · | · | · | $-20M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 34.5% | 34.4% | · | 34.5% | 31.8% | 33.6% | · | 33.7% | 31.6% | 32.8% | · | 33.0% | 33.9% | 35.6% | · | 40.9% | |
| Net Margin | 32.3% | 29.1% | · | 29.4% | 27.1% | 29.6% | · | 29.8% | 26.1% | 27.7% | · | 26.0% | 26.3% | 28.0% | · | 31.9% | |
| Pretax Margin | 47.1% | 39.3% | · | 39.2% | 39.6% | 39.4% | · | 50.7% | 33.7% | 36.9% | · | 28.9% | 36.0% | 36.9% | · | 39.5% | |
| EBITDA Margin | 36.3% | 36.2% | · | 36.3% | 33.6% | 35.4% | · | 35.4% | 33.4% | 34.6% | · | 33.7% | 34.5% | 36.4% | · | 41.7% | |
| ROA | 6.0% | 5.0% | · | 5.5% | 4.8% | 5.2% | · | 5.7% | 4.5% | 5.2% | · | 5.5% | 5.3% | 5.9% | · | 9.1% | |
| ROE | 8.8% | 7.9% | · | 8.0% | 7.4% | 9.0% | · | 9.2% | 7.8% | 9.5% | · | 9.4% | 9.9% | 11.9% | · | 15.4% | |
| ROIC | 6.9% | · | · | · | · | · | · | 7.5% | 6.1% | 8.1% | · | 7.9% | 8.6% | 10.4% | · | 13.0% |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $576M | $558M | · | $546M | $526M | $512M | · | $501M | $489M | $493M | · | $510M | $534M | $568M | · | $596M | |
| Net Income TTM | $170M | $161M | · | $158M | $148M | $145M | · | $138M | $130M | $133M | · | $144M | $164M | $174M | · | $190M | |
| Market Cap | $3.91B | $3.22B | · | $3.35B | $3.84B | $4.09B | · | $4.85B | · | · | · | · | · | · | · | · | |
| P/E | 23.1 | 20.0 | · | 21.4 | 26.1 | 28.2 | · | 35.1 | 27.9 | 28.7 | · | 21.6 | 17.5 | 18.2 | · | 16.2 | |
| P/S | 6.8 | 5.8 | · | 6.1 | 7.3 | 8.0 | · | 9.7 | · | · | · | · | · | · | · | · | |
| P/B | 6.6 | 5.7 | · | 6.1 | 7.3 | 8.1 | · | 9.9 | · | · | · | · | · | · | · | · | |
| P / Tangible Book | 6.6 | 5.7 | · | 6.1 | 7.3 | 8.1 | · | 9.9 | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | -62.6 | · | · | · | -37.5 | · | · | · | · | · | · | · | · | · | · | |
| P / FCF | · | · | · | · | · | -37.2 | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 4.3% | 5.0% | · | 4.7% | 3.8% | 3.5% | · | 2.9% | 3.6% | 3.5% | · | 4.6% | 5.7% | 5.5% | · | 6.2% | |
| Payout Ratio | · | 81.5% | · | · | · | 79.7% | · | · | · | 86.2% | · | · | · | 79.6% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $556M | $517M | $490M | $567M | $584M |
| Operating Margin % | 32.0% | 33.4% | 33.6% | 38.1% | 44.6% |
| Net Income | $153M | $151M | $129M | $171M | $211M |
| Diluted EPS | $2.97 | $2.97 | $2.60 | $3.47 | $4.31 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-126M | $85M | $115M | $57M | $240M |
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Institutional owners (13F) 333 filers · $1.6B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 55 (0 vs prior Q) | 28 (-5 vs prior Q) | 131 (+32 vs prior Q) | 66 (-24 vs prior Q) | +314K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| WASATCH ADVISORS LP | $131,199,157 | 2,097,509 | 8.18% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $129,586,854 | 1,701,955 | 8.08% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $96,032,184 | 1,261,258 | 5.99% | Shares |
| STATE STREET CORP | $90,783,473 | 1,192,323 | 5.66% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $85,825,863 | 1,127,211 | 5.35% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $81,043,340 | 1,064,399 | 5.05% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $73,291,679 | 962,591 | 4.57% | Shares |
| GOLDMAN SACHS GROUP INC | $62,804,231 | 824,852 | 3.91% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $59,561,801 | 782,117 | 3.71% | Shares |
| Copeland Capital Management, LLC | $48,037,926 | 630,915 | 2.99% | Shares |
| Woodline Partners LP | $39,488,717 | 518,633 | 2.46% | Shares |
| MILLENNIUM MANAGEMENT LLC | $36,940,006 | 485,159 | 2.30% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $33,752,951 | 443,301 | 2.10% | Shares |
| DAVENPORT & Co LLC | $32,031,376 | 424,183 | 2.00% | Shares |
| TWO SIGMA INVESTMENTS, LP | $28,163,805 | 369,895 | 1.76% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $27,743,741 | 364,378 | 1.73% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $26,942,977 | 353,861 | 1.68% | Shares |
| NORGES BANK | $26,927,139 | 353,653 | 1.68% | Shares |
| GAMCO INVESTORS, INC. ET AL | $26,791,610 | 351,873 | 1.67% | Shares |
| Boston Trust Walden Corp | $22,861,111 | 300,251 | 1.43% | Shares |
| MetLife Investment Management, LLC | $21,558,280 | 283,140 | 1.34% | Shares |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $18,285,758 | 240,160 | 1.14% | Shares |
| Clearbridge Investments, LLC | $16,880,999 | 221,710 | 1.05% | Shares |
| GABELLI FUNDS LLC | $15,218,254 | 199,872 | 0.95% | Shares |
| FMR LLC | $15,207,671 | 199,733 | 0.95% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $15,113,714 | 198,499 | 0.94% | Shares |
| Aristotle Capital Boston, LLC | $13,192,228 | 173,262 | 0.82% | Shares |
| VANGUARD GROUP INC | $11,742,308 | 187,039 | 0.73% | Shares |
| BAMCO INC /NY/ | $11,688,328 | 153,511 | 0.73% | Shares |
| BOURGEON CAPITAL MANAGEMENT LLC | $11,068,853 | 145,375 | 0.69% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $10,259,793 | 134,749 | 0.64% | Shares |
| NICHOLAS COMPANY, INC. | $9,568,133 | 125,665 | 0.60% | Shares |
| LANDMARK INVESTMENT PARTNERS, L.P. | $9,161,360 | 108,850 | 0.57% | Shares |
| Public Sector Pension Investment Board | $8,930,156 | 117,286 | 0.56% | Shares |
| MORGAN STANLEY | $8,457,098 | 111,073 | 0.53% | Shares |
| Marathon Partners Equity Management, LLC | $7,614,000 | 100,000 | 0.47% | Shares |
| RAYMOND JAMES FINANCIAL INC | $7,467,264 | 98,073 | 0.47% | Shares |
| ProShare Advisors LLC | $6,985,007 | 91,739 | 0.44% | Shares |
| ALPS ADVISORS INC | $6,788,262 | 89,155 | 0.42% | Shares |
| Fisher Asset Management, LLC | $6,538,374 | 85,873 | 0.41% | Shares |
| Congress Wealth Management LLC / DE / | $6,517,658 | 86,498 | 0.41% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $6,367,056 | 83,623 | 0.40% | Shares |
| AMERIPRISE FINANCIAL INC | $6,030,897 | 79,208 | 0.38% | Shares |
| Taylor Hoffman Capital Management LLC | $5,472,182 | 71,870 | 0.34% | Shares |
| RHUMBLINE ADVISERS | $5,250,441 | 68,958 | 0.33% | Shares |
| Jefferies Financial Group Inc. | $5,119,958 | 67,244 | 0.32% | Shares |
| Assenagon Asset Management S.A. | $5,020,976 | 65,944 | 0.31% | Shares |
| BlackRock, Inc. | $4,460,966 | 58,589 | 0.28% | Shares |
| NAVELLIER & ASSOCIATES INC | $4,341,607 | 57,021 | 0.27% | Shares |
| Swiss National Bank | $4,324,752 | 56,800 | 0.27% | Shares |
| FIRST TRUST ADVISORS LP | $4,040,521 | 53,067 | 0.25% | Shares |
| Voleon Capital Management LP | $3,975,955 | 52,219 | 0.25% | Shares |
| AMERICAN CENTURY COMPANIES INC | $3,832,126 | 50,330 | 0.24% | Shares |
| TWO SIGMA ADVISERS, LP | $3,741,688 | 59,600 | 0.23% | Shares |
| CITADEL ADVISORS LLC | $3,511,577 | 46,120 | 0.22% | Shares |
| XTX Topco Ltd | $3,386,327 | 44,475 | 0.21% | Shares |
| Legal & General Group Plc | $3,238,844 | 42,538 | 0.20% | Shares |
| SEI INVESTMENTS CO | $3,216,420 | 42,240 | 0.20% | Shares |
| Quantinno Capital Management LP | $3,032,229 | 39,824 | 0.19% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,954,385 | 38,802 | 0.18% | Shares |
| BARCLAYS PLC | $2,767,156 | 36,343 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,693,403 | 43,060 | 0.17% | Shares |
| IEQ CAPITAL, LLC | $2,671,261 | 35,084 | 0.17% | Shares |
| Mariner, LLC | $2,603,269 | 34,192 | 0.16% | Shares |
| D. E. Shaw & Co., Inc. | $2,504,168 | 32,889 | 0.16% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $2,466,479 | 32,394 | 0.15% | Shares |
| Schonfeld Strategic Advisors LLC | $2,441,199 | 32,062 | 0.15% | Shares |
| Holocene Advisors, LP | $2,388,893 | 31,375 | 0.15% | Shares |
| STIFEL FINANCIAL CORP | $2,369,914 | 31,125 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $2,298,775 | 36,751 | 0.14% | Shares |
| Jump Financial, LLC | $2,210,039 | 29,026 | 0.14% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,188,644 | 28,745 | 0.14% | Shares |
| Aquatic Capital Management LLC | $2,187,578 | 28,731 | 0.14% | Shares |
| ROYCE & ASSOCIATES LP | $2,155,371 | 28,308 | 0.13% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $2,047,861 | 26,896 | 0.13% | Shares |
| WELLS FARGO & COMPANY/MN | $2,040,400 | 26,798 | 0.13% | Shares |
| ExodusPoint Capital Management, LP | $2,030,654 | 26,670 | 0.13% | Shares |
| Carnegie Investment Counsel | $2,021,136 | 26,545 | 0.13% | Shares |
| Sanctuary Advisors, LLC | $1,973,847 | 25,924 | 0.12% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,943,550 | 25,526 | 0.12% | Shares |
| EFG Asset Management (North America) Corp. | $1,942,206 | 29,582 | 0.12% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $1,810,324 | 23,776 | 0.11% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $1,797,818 | 23,612 | 0.11% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $1,766,143 | 23,196 | 0.11% | Shares |
| Nuveen, LLC | $1,707,516 | 22,426 | 0.11% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $1,701,385 | 22,345 | 0.11% | Shares |
| Russell Investments Group, Ltd. | $1,671,044 | 21,947 | 0.10% | Shares |
| VARCOV Co. | $1,651,629 | 21,692 | 0.10% | Shares |
| Uniplan Investment Counsel, Inc. | $1,507,344 | 19,797 | 0.09% | Shares |
| Corient Private Wealth LP | $1,497,572 | 23,893 | 0.09% | Shares |
| B. Metzler seel. Sohn & Co. AG | $1,475,593 | 19,380 | 0.09% | Shares |
| CITIGROUP INC | $1,435,011 | 18,847 | 0.09% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $1,427,549 | 18,749 | 0.09% | Shares |
| ISLAY CAPITAL MANAGEMENT, LLC | $1,409,884 | 18,517 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,360,317 | 17,866 | 0.08% | Shares |
| MOODY NATIONAL BANK TRUST DIVISION | $1,334,049 | 17,521 | 0.08% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $1,268,684 | 16,391 | 0.08% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,214,052 | 15,945 | 0.08% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $1,137,836 | 14,944 | 0.07% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $1,136,542 | 14,927 | 0.07% | Shares |
Company insiders 33 insiders · 9 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Amit Muni | Chief Financial Officer, EVP | June 8, 2026 A | 11,562 | 0 | 0 | $0 |
| Jon Cheigh | President and CIO | May 26, 2026 S | 66,670 | 0 | 1 | $-753,375 |
| Adam M Derechin | Chief Operating Officer, EVP | Aug. 21, 2025 A | 528,676 | 0 | 0 | $0 |
| Elena Dulik | Chief Accounting Officer, SVP | July 20, 2026 S | 22,146 | 0 | 1 | $-91,476 |
| Daniel Noonan | Executive Vice President | June 16, 2026 S | 0 | 0 | 1 | $-337,159 |
| Francis C Poli | GC, Secretary, EVP | Aug. 21, 2025 A | 68,167 | 0 | 0 | $0 |
| Michele Nolty | Executive Vice President | Aug. 26, 2021 A | 14,129 | 0 | 0 | $0 |
| John Todd Glickson | Executive Vice President | June 2, 2020 A | 57,509 | 0 | 0 | $0 |
| Douglas R Bond | Executive Vice President | Jan. 27, 2006 A | 482,753 | 0 | 0 | $0 |
| Edmond D Villani | Director | July 6, 2026 G | 31,583 | 0 | 0 | $0 |
| Lisa Dolly | Director | July 1, 2026 A | 2,796 | 0 | 0 | $0 |
| Dasha Smith | Director | July 1, 2026 A | 10,267 | 0 | 0 | $0 |
| Karen Wilson Thissen | Director | July 1, 2026 A | 2,531 | 0 | 0 | $0 |
| Reena Aggarwal | Director | July 1, 2026 A | 17,414 | 0 | 0 | $0 |
| Frank T Connor | Director | July 1, 2026 A | 24,384 | 0 | 0 | $0 |
| Martin Cohen | Director | July 1, 2026 A | 950,434 | 0 | 0 | $0 |
| Joseph M Harvey | — | Aug. 21, 2025 A | 1,287,031 | 0 | 0 | $0 |
| Raja A Dakkuri | — | June 24, 2025 F | 22,373 | 0 | 0 | $0 |
| Brandon Brown | — | May 22, 2025 A | 10,096 | 0 | 0 | $0 |
| Charles Daniel P | — | May 22, 2025 A | 49,209 | 0 | 0 | $0 |
| Richard P Simon | — | Feb. 20, 2025 A | 16,429 | 0 | 0 | $0 |
| Peter L Rhein | — | Feb. 20, 2025 A | 19,821 | 0 | 0 | $0 |
| Robert Hamilton Steers | — | Jan. 31, 2025 A | 139,747 | 0 | 0 | $0 |
| Matthew S. Stadler | — | May 23, 2024 A | 147,846 | 0 | 0 | $0 |
| Alicia Dee | — | May 25, 2023 A | 5,400 | 0 | 0 | $0 |
| Anthony D. Ialeggio | — | Jan. 31, 2014 D | 29,209 | 0 | 0 | $0 |
| Bernard Winograd | — | Jan. 2, 2014 A | 27,402 | 0 | 0 | $0 |
| Bernard Matthew Doucette | — | Feb. 5, 2013 S | 10,307 | 0 | 0 | $0 |
| Richard Bruce | — | May 9, 2012 S | 21,758 | 0 | 0 | $0 |
| John J Mccombe | — | Jan. 31, 2008 F | 232,592 | 0 | 0 | $0 |
| James Scott Corl | — | Jan. 2, 2008 F | 291,652 | 0 | 0 | $0 |
| Lawrence B Stoller | — | Jan. 27, 2007 F | 354,027 | 0 | 0 | $0 |
| Victor M. Gomez | — | June 2, 2006 S | 160,458 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 76 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| AAUM · Tema ETF Trust | 3.10% | 1,029 NS | May 31, 2026 | N-PORT |
| ABLS · Abacus FCF ETF Trust | 2.09% | 364 NS | April 30, 2026 | N-PORT |
| SMDV · ProShares Trust | 1.02% | 96,142 NS | May 31, 2026 | N-PORT |
| OUSM · ALPS ETF Trust | 0.67% | 83,950 NS | May 31, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.16% | 265 NS | April 30, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.12% | 18,315 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.11% | 15,420 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.09% | 990 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.09% | 329 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.08% | 162,791 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.06% | 25,824 NS | May 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.06% | 11,068 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.06% | 12,037 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.05% | 1,306 NS | May 31, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.05% | 61,805 NS | May 31, 2026 | N-PORT |
| SCHD · SCHWAB STRATEGIC TRUST | 0.05% | 655,855 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.04% | 132,988 NS | May 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.04% | 11,174 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.03% | 1,021 NS | May 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.03% | 1,709 NS | April 30, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.02% | 7,441 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.02% | 1,253 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.02% | 1,033 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.02% | 103,280 NS | April 30, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.02% | 1,029 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.02% | 4,482 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 1,059 NS | May 31, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.01% | 354 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 3,976 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 26 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.01% | 15,097 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 8,719 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 1,078 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 632 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 7,661 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 15,914 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 20 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | — | — | July 30, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |