Cohen & Steers (NYSE: CNS) and Calamos Asset Management (NASDAQ:CLMS) are both financials companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, risk, valuation, earnings, institutional ownership, analyst recommendations and profitability.
Cohen & Steers pays an annual dividend of $1.12 per share and has a dividend yield of 2.5%. Calamos Asset Management pays an annual dividend of $0.60 per share and has a dividend yield of 7.2%. Cohen & Steers pays out 53.6% of its earnings in the form of a dividend. Calamos Asset Management pays out 1,200.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Calamos Asset Management has increased its dividend for 6 consecutive years. Calamos Asset Management is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
This table compares Cohen & Steers and Calamos Asset Management’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Cohen & Steers||26.53%||32.82%||25.31%|
|Calamos Asset Management||58.85%||2.51%||13.51%|
This is a breakdown of recent ratings and target prices for Cohen & Steers and Calamos Asset Management, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Cohen & Steers||1||3||1||0||2.00|
|Calamos Asset Management||0||0||0||0||N/A|
Cohen & Steers currently has a consensus price target of $46.00, suggesting a potential upside of 4.71%. Given Cohen & Steers’ higher probable upside, equities analysts clearly believe Cohen & Steers is more favorable than Calamos Asset Management.
Insider and Institutional Ownership
44.6% of Cohen & Steers shares are owned by institutional investors. Comparatively, 56.5% of Calamos Asset Management shares are owned by institutional investors. 52.9% of Cohen & Steers shares are owned by insiders. Comparatively, 20.4% of Calamos Asset Management shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Earnings & Valuation
This table compares Cohen & Steers and Calamos Asset Management’s gross revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Cohen & Steers||$349.88 million||5.81||$92.93 million||$2.09||21.02|
|Calamos Asset Management||N/A||N/A||N/A||$0.05||165.60|
Cohen & Steers has higher revenue and earnings than Calamos Asset Management. Cohen & Steers is trading at a lower price-to-earnings ratio than Calamos Asset Management, indicating that it is currently the more affordable of the two stocks.
Volatility and Risk
Cohen & Steers has a beta of 1.65, meaning that its share price is 65% more volatile than the S&P 500. Comparatively, Calamos Asset Management has a beta of 1.13, meaning that its share price is 13% more volatile than the S&P 500.
Cohen & Steers beats Calamos Asset Management on 9 of the 14 factors compared between the two stocks.
About Cohen & Steers
Cohen & Steers, Inc. (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors. The Company manages three types of investment vehicles: institutional accounts, open-end funds and closed-end funds. The Company also provides services in connection with model-based strategies (MBS) accounts. In addition, the Company provides several services in connection with assets held by unit investment trusts (UITs). As a portfolio consultant to a number of UITs, the Company constructs a portfolio of securities that suit the investment objective of the UIT. The Company also provides ongoing portfolio monitoring services and provides a license to certain firms to use its name in connection with certain of their investment products.
About Calamos Asset Management
Calamos Asset Management, Inc. is a holding company. The Company is the manager of Calamos Investments LLC, which owns and manages its operating companies. The Company provides investment advisory services to individuals and institutional investors through investment products that include open-end and closed-end funds (Funds), an exchange traded fund, separate accounts, offshore funds and partnerships. The subsidiaries through which the Company provides these services include Calamos Advisors LLC (CAL), an investment advisor; Calamos Financial Services LLC (CFS), a broker-dealer; Calamos Wealth Management LLC, an investment advisor, and Calamos Investments LLP, a United Kingdom-based investment advisor, and a distributor of the offshore funds and Company products.
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