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 Ratio0.16
Current Ratio0.88
Quick Ratio0.88
Price-To-Earnings
Trailing P/E Ratio7.74
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$658.78 million
Price / Sales0.65
Cash Flow$1.1826 per share
Price / Cash12.43
Book Value$24.06 per share
Price / Book0.61
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-60,880,000.00
Net Margins-4.32%
Return on Equity7.61%
Return on Assets1.76%
Miscellaneous
Employees1,124
Outstanding Shares29,140,000
Market Cap$437.69 million
OptionableOptionable
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?
Cowen's stock reverse split 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 market closes 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 declared that its board has initiated a share repurchase plan 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 purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.
How were Cowen's earnings last quarter?
Cowen Inc (NASDAQ:COWN) announced its quarterly earnings data on Thursday, October, 25th. The financial services provider reported $0.74 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.73 by $0.01. The financial services provider earned $195.03 million during the quarter. Cowen had a negative net margin of 4.32% and a positive return on equity of 7.61%. View Cowen's Earnings History.
When is Cowen's next earnings date?
What price target have analysts set for COWN?
2 brokers have issued 1-year price targets for Cowen's stock. Their forecasts range from $16.00 to $19.00. On average, they expect Cowen's stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 19.0% 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.
Has Cowen been receiving favorable news coverage?
Media stories about COWN stock have been trending somewhat positive on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cowen earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future.
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), Gamco Investors (GBL), Freedom (FRHC), Greenhill & Co., Inc. (GHL), Oppenheimer (OPY), Siebert Financial (SIEB), JMP Group (JMP), China Finance Online (JRJC), Gleacher & Company Inc (GLCH), Global Arena (GAHC) and Capital Financial (CPFH).
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)
- Mr. Frederic M. Seegal, MD & Vice Chairman of Investment Banking (Age 70)
Who are Cowen's major shareholders?
Cowen's stock is owned by a variety of of institutional and retail investors. Top institutional investors include FMR LLC (8.34%), BlackRock Inc. (8.31%), Philadelphia Financial Management of San Francisco LLC (6.44%), Dimensional Fund Advisors LP (4.93%), Foundry Partners LLC (1.57%) and Cumberland Partners Ltd (1.53%). Company insiders that own Cowen stock include John J Holmes, Owen S Littman and Peter A Cohen. View Institutional Ownership Trends for Cowen.
Which institutional investors are selling Cowen stock?
COWN stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Thompson Siegel & Walmsley LLC, Fisher Asset Management LLC, Gator Capital Management LLC, Foundry Partners LLC, Dimensional Fund Advisors LP, Cumberland Partners Ltd and Prudential Financial Inc.. View Insider Buying and Selling for Cowen.
Which institutional investors are buying Cowen stock?
COWN stock was acquired by a variety of institutional investors in the last quarter, including Philadelphia Financial Management of San Francisco LLC, FMR LLC, Essex Investment Management Co. LLC, BlackRock Inc., Renaissance Technologies LLC, Chicago Equity Partners LLC, Monarch Partners Asset Management LLC and SG Americas Securities LLC. 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 $14.70.
How big of a company is Cowen?
Cowen has a market capitalization of $437.69 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.
