Calamos Asset Management (NASDAQ: CLMS) and The Blackstone Group L.P. (NYSE:BX) are both financials companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, dividends, valuation, analyst recommendations, profitability, earnings and risk.

Insider & Institutional Ownership

56.5% of Calamos Asset Management shares are owned by institutional investors. Comparatively, 46.6% of The Blackstone Group L.P. shares are owned by institutional investors. 20.4% of Calamos Asset Management shares are owned by insiders. Comparatively, 1.0% of The Blackstone Group L.P. shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Analyst Ratings

This is a breakdown of current ratings for Calamos Asset Management and The Blackstone Group L.P., as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Calamos Asset Management 0 0 0 0 N/A
The Blackstone Group L.P. 0 1 8 0 2.89

The Blackstone Group L.P. has a consensus price target of $37.78, indicating a potential upside of 13.69%. Given The Blackstone Group L.P.’s higher possible upside, analysts clearly believe The Blackstone Group L.P. is more favorable than Calamos Asset Management.

Earnings and Valuation

This table compares Calamos Asset Management and The Blackstone Group L.P.’s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio EBITDA Earnings Per Share Price/Earnings Ratio
Calamos Asset Management N/A N/A N/A $0.05 165.60
The Blackstone Group L.P. $6.33 billion 3.41 $1.44 billion $2.22 14.97

The Blackstone Group L.P. has higher revenue and earnings than Calamos Asset Management. The Blackstone Group L.P. 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.

Dividends

Calamos Asset Management pays an annual dividend of $0.60 per share and has a dividend yield of 7.2%. The Blackstone Group L.P. pays an annual dividend of $2.16 per share and has a dividend yield of 6.5%. 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. The Blackstone Group L.P. pays out 97.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. The Blackstone Group L.P. has raised its dividend for 4 consecutive years.

Volatility and Risk

Calamos Asset Management has a beta of 1.14, indicating that its stock price is 14% more volatile than the S&P 500. Comparatively, The Blackstone Group L.P. has a beta of 1.33, indicating that its stock price is 33% more volatile than the S&P 500.

Profitability

This table compares Calamos Asset Management and The Blackstone Group L.P.’s 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%
The Blackstone Group L.P. 22.88% 18.97% 8.76%

Summary

The Blackstone Group L.P. beats Calamos Asset Management on 8 of the 13 factors compared between the two stocks.

Calamos Asset Management Company Profile

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.

The Blackstone Group L.P. Company Profile

The Blackstone Group L.P. is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Private Equity segment includes its corporate private equity business, which consists of its corporate private equity funds, Blackstone Capital Partners (BCP) funds, its sector-focused corporate private equity funds, including its energy-focused funds, Blackstone Energy Partners (BEP) funds and its core private equity fund. The Blackstone Real Estate Partners funds target a range of opportunistic real estate and real estate related investments. The Hedge Fund Solutions segment consists of Blackstone Alternative Asset Management (BAAM). The Credit segment consists principally of GSO Capital Partners LP (GSO).

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