Critical Analysis: The Blackstone Group L.P. (BX) vs. Cohen & Steers (CNS)
The Blackstone Group L.P. (NYSE: BX) and Cohen & Steers (NYSE:CNS) are both finance companies, but which is the better stock? We will compare the two businesses based on the strength of their dividends, institutional ownership, risk, valuation, earnings, profitability and analyst recommendations.
This is a summary of recent ratings and target prices for The Blackstone Group L.P. and Cohen & Steers, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|The Blackstone Group L.P.||0||1||8||0||2.89|
|Cohen & Steers||1||2||1||0||2.00|
The Blackstone Group L.P. presently has a consensus target price of $37.78, suggesting a potential upside of 17.10%. Cohen & Steers has a consensus target price of $44.33, suggesting a potential upside of 12.18%. Given The Blackstone Group L.P.’s stronger consensus rating and higher possible upside, analysts clearly believe The Blackstone Group L.P. is more favorable than Cohen & Steers.
Volatility & Risk
The Blackstone Group L.P. has a beta of 1.32, meaning that its stock price is 32% more volatile than the S&P 500. Comparatively, Cohen & Steers has a beta of 1.54, meaning that its stock price is 54% more volatile than the S&P 500.
Valuation & Earnings
This table compares The Blackstone Group L.P. and Cohen & Steers’ top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|The Blackstone Group L.P.||$6.33 billion||3.31||$1.44 billion||$2.22||14.53|
|Cohen & Steers||$366.32 million||5.00||$150.50 million||$2.06||19.18|
The Blackstone Group L.P. has higher revenue and earnings than Cohen & Steers. The Blackstone Group L.P. is trading at a lower price-to-earnings ratio than Cohen & Steers, indicating that it is currently the more affordable of the two stocks.
The Blackstone Group L.P. pays an annual dividend of $2.16 per share and has a dividend yield of 6.7%. Cohen & Steers pays an annual dividend of $1.12 per share and has a dividend yield of 2.8%. 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. Cohen & Steers pays out 54.4% of its earnings in the form of a dividend. The Blackstone Group L.P. has increased its dividend for 4 consecutive years and Cohen & Steers has increased its dividend for 5 consecutive years.
This table compares The Blackstone Group L.P. and Cohen & Steers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|The Blackstone Group L.P.||22.88%||18.97%||8.76%|
|Cohen & Steers||26.34%||33.17%||26.42%|
Insider and Institutional Ownership
46.4% of The Blackstone Group L.P. shares are held by institutional investors. Comparatively, 45.0% of Cohen & Steers shares are held by institutional investors. 1.0% of The Blackstone Group L.P. shares are held by insiders. Comparatively, 52.9% of Cohen & Steers shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Cohen & Steers beats The Blackstone Group L.P. on 9 of the 17 factors compared between the two stocks.
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).
Cohen & Steers Company Profile
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.
Receive News & Ratings for The Blackstone Group L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Blackstone Group L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.