Calamos Asset Management (CLMS) vs. Cohen & Steers (CNS) Head-To-Head Review

Calamos Asset Management (NASDAQ: CLMS) and Cohen & Steers (NYSE:CNS) are both financials companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, earnings, analyst recommendations, dividends, profitability, risk and valuation.

Analyst Recommendations

This is a summary of recent ratings and price targets for Calamos Asset Management and Cohen & Steers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Calamos Asset Management 0 0 0 0 N/A
Cohen & Steers 1 2 1 0 2.00

Cohen & Steers has a consensus target price of $44.00, indicating a potential downside of 7.70%. Given Cohen & Steers’ higher possible upside, analysts clearly believe Cohen & Steers is more favorable than Calamos Asset Management.

Risk and Volatility

Calamos Asset Management has a beta of 1.13, suggesting that its stock price is 13% more volatile than the S&P 500. Comparatively, Cohen & Steers has a beta of 1.65, suggesting that its stock price is 65% more volatile than the S&P 500.

Earnings & Valuation

This table compares Calamos Asset Management and Cohen & Steers’ gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Calamos Asset Management N/A N/A N/A $0.05 165.60
Cohen & Steers $349.88 million 6.31 $92.93 million $2.08 22.92

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.

Profitability

This table compares Calamos Asset Management and Cohen & Steers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Calamos Asset Management 58.85% 2.51% 13.51%
Cohen & Steers 26.53% 32.82% 25.31%

Dividends

Calamos Asset Management pays an annual dividend of $0.60 per share and has a dividend yield of 7.2%. Cohen & Steers pays an annual dividend of $1.12 per share and has a dividend yield of 2.3%. 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. Cohen & Steers pays out 53.8% of its earnings in the form of a dividend. Cohen & Steers has increased its dividend for 5 consecutive years.

Insider and Institutional Ownership

56.5% of Calamos Asset Management shares are owned by institutional investors. Comparatively, 44.5% of Cohen & Steers shares are owned by institutional investors. 20.4% of Calamos Asset Management shares are owned by insiders. Comparatively, 52.9% of Cohen & Steers shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Summary

Cohen & Steers beats Calamos Asset Management on 10 of the 14 factors compared between the two stocks.

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.

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.

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