Cowen Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides alternative investment management, investment banking, research, and sales and trading services for its clients. It manages separate client focused portfolio through its subsidiaries. Through its subsidiaries, the firm invests in equity and fixed income markets. It also invests in alternative investments markets through its subsidiaries. Cowen Group, Inc. was founded in 1994 and is headquartered in New York, New York with additional offices in Boston, Massachusetts, Chicago, Illinois, Cleveland, Ohio, Dallas, Texas, and San Francisco, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Security brokers & dealers
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
Current SymbolNASDAQ:COWN
Previous Symbol
CUSIP22362210
Phone646-562-1000
Debt
Debt-to-Equity Ratio0.17
Current Ratio0.91
Quick Ratio0.91
Price-To-Earnings
Trailing P/E Ratio11.06
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$658.78 million
Price / Sales0.73
Cash Flow$1.2247 per share
Price / Cash13.35
Book Value$24.06 per share
Price / Book0.68
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-60,880,000.00
Net Margins-5.64%
Return on Equity5.69%
Return on Assets1.39%
Miscellaneous
Employees1,124
Outstanding Shares29,610,000
Market Cap$477.90 million
OptionableN/A
Cowen (NASDAQ:COWN) Frequently Asked Questions
What is Cowen's stock symbol?
Cowen trades on the NASDAQ under the ticker symbol "COWN."
When did Cowen's stock split? How did Cowen's stock split work?
Shares of Cowen reverse split before market open on Monday, December 5th 2016. The 1-4 reverse split was announced on Wednesday, November 9th 2016. The number of shares owned by shareholders was adjusted after the closing bell on Friday, December 2nd 2016. An investor that had 100 shares of Cowen stock prior to the reverse split would have 25 shares after the split.
How will Cowen's stock buyback program work?
Cowen announced that its Board of Directors has initiated a share buyback program on Friday, February 16th 2018, which allows the company to buyback $23,600,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.
How were Cowen's earnings last quarter?
Cowen Inc (NASDAQ:COWN) released its earnings results on Thursday, July, 26th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.21. The financial services provider earned $234 million during the quarter, compared to analyst estimates of $218.99 million. Cowen had a positive return on equity of 5.69% and a negative net margin of 5.64%. Cowen's quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS. View Cowen's Earnings History.
When is Cowen's next earnings date?
How can I listen to Cowen's earnings call?
Cowen will be holding an earnings conference call on Thursday, October 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8557600961.
What price target have analysts set for COWN?
2 Wall Street analysts have issued 12 month price targets for Cowen's shares. Their forecasts range from $16.00 to $19.00. On average, they expect Cowen's stock price to reach $17.50 in the next year. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for Cowen.
What is the consensus analysts' recommendation for Cowen?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cowen in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cowen.
Who are some of Cowen's key competitors?
Some companies that are related to Cowen include Waddell & Reed Financial (WDR), Wisdom Tree Investments (WETF), Piper Jaffray Companies (PJC), Investment Technology Group (ITG), Associated Capital Group (AC), Greenhill & Co., Inc. (GHL), Gamco Investors (GBL), Oppenheimer (OPY), Siebert Financial (SIEB), JMP Group (JMP), China Finance Online (JRJC), Gleacher & Company Inc (GLCH), Global Arena (GAHC), Capital Financial (CPFH) and Woodstock (WSFL).
Who are Cowen's key executives?
Cowen's management team includes the folowing people:
- Mr. Jeffrey Marc Solomon, CEO & Director (Age 52)
- Mr. Stephen A. Lasota, MD & CFO (Age 55)
- Mr. John J. Holmes, MD & COO (Age 54)
- Mr. Owen S. Littman, MD, Gen. Counsel & Sec. (Age 45)
- Ms. Elizabeth Flisser Rosman, MD & Head of Investment Management
Who are Cowen's major shareholders?
Cowen's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Foundry Partners LLC (1.57%), Essex Investment Management Co. LLC (0.61%), First Manhattan Co. (0.14%) and First Hawaiian Bank (0.06%). Company insiders that own Cowen stock include John J Holmes, Owen S Littman and Peter A Cohen. View Institutional Ownership Trends for Cowen.
Which major investors are selling Cowen stock?
Which major investors are buying Cowen stock?
COWN stock was acquired by a variety of institutional investors in the last quarter, including Essex Investment Management Co. LLC, First Manhattan Co. and First Hawaiian Bank. View Insider Buying and Selling for Cowen.
How do I buy shares of Cowen?
Shares of COWN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cowen's stock price today?
One share of COWN stock can currently be purchased for approximately $16.35.
How big of a company is Cowen?
Cowen has a market capitalization of $477.90 million and generates $658.78 million in revenue each year. Cowen employs 1,124 workers across the globe.
What is Cowen's official website?
How can I contact Cowen?
Cowen's mailing address is 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY, 10022. The financial services provider can be reached via phone at 646-562-1000 or via email at [email protected]
MarketBeat Community Rating for Cowen (NASDAQ COWN)
MarketBeat's community ratings are surveys of what our community members think about Cowen and other stocks. Vote "Outperform" if you believe COWN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe COWN will underperform the S&P 500 over the long term. You may vote once every thirty days.
