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About Cowen Group (NASDAQ:COWN)
Cowen Inc., formerly Cowen Group, Inc., is a financial services company. The Company provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. It operates through two segments: alternative investment and broker-dealer. The alternative investment segment includes private equity structures, registered investment companies and listed investment vehicles. The broker-dealer segment offers industry focused investment banking for growth-oriented companies, including advisory and global capital markets origination and domain knowledge-driven research, and a sales and trading platform for institutional investors. Its alternative investment platform, which operates under the Ramius name, offers investment products and solutions across the liquidity spectrum to institutional and private clients. Ramius offers investors access to strategies to meet their specific needs, including long/short equity and event driven equity.
Industry, Sector and Symbol
Industry Security brokers & dealers
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
SymbolNASDAQ:COWN
CUSIP22362210
Phone646-562-1000
Debt
Debt-to-Equity Ratio0.19
Current Ratio0.88
Quick Ratio0.88
Price-To-Earnings
Trailing P/E Ratio13.47
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$658.78 million
Price / Sales0.68
Cash Flow$1.2008 per share
Price / Cash12.70
Book Value$25.71 per share
Price / Book0.59
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-60,880,000.00
Net Margins-5.91%
Return on Equity4.33%
Return on Assets1.14%
Miscellaneous
Employees1,124
Outstanding Shares29,520,000
Cowen Group (NASDAQ:COWN) Frequently Asked Questions
What is Cowen Group's stock symbol?
Cowen Group trades on the NASDAQ under the ticker symbol "COWN."
When did Cowen Group's stock split? How did Cowen Group's stock split work?
Cowen Group shares reverse split on the morning of 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 Group stock prior to the reverse split would have 25 shares after the split.
How will Cowen Group's stock buyback program work?
Cowen Group announced that its board has authorized a share repurchase plan on Friday, February 16th 2018, which authorizes the company to repurchase $23,600,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.
How were Cowen Group's earnings last quarter?
Cowen Group (NASDAQ:COWN) released its quarterly earnings results on Thursday, April, 26th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.16. The financial services provider earned $241.50 million during the quarter, compared to analyst estimates of $220.06 million. Cowen Group had a positive return on equity of 4.33% and a negative net margin of 5.91%. The company's quarterly revenue was up 110.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 earnings per share. View Cowen Group's Earnings History.
When is Cowen Group's next earnings date?
What price target have analysts set for COWN?
3 brokerages have issued 1 year price targets for Cowen Group's stock. Their predictions range from $16.00 to $19.00. On average, they expect Cowen Group's stock price to reach $17.6667 in the next twelve months. View Analyst Ratings for Cowen Group.
Who are some of Cowen Group's key competitors?
Some companies that are related to Cowen Group include WisdomTree Investments (WETF), Waddell & Reed Financial (WDR), Piper Jaffray Companies (PJC), Associated Capital Group (AC), GAMCO Investors (GBL), Investment Technology Group (ITG), Greenhill & Co., Inc. (GHL), Oppenheimer (OPY), Siebert Financial (SIEB), JMP Group (JMP), China Finance Online (JRJC), Global Arena (GAHC), Gleacher & Company Inc (GLCH), Capital Financial Holdings, Inc. Common Stock (CPFH) and Woodstock (WSFL).
Who are Cowen Group's key executives?
Cowen Group's management team includes the folowing people:
- Peter A. Cohen, Chairman of the Board
- Jeffrey M. Solomon, President, Chief Executive Officer
- Stephen A. Lasota, Chief Financial Officer
- John Holmes, Chief Operating Officer
- Ann Neidenbach, Chief Information Officer
- , Bio & Compensation -
- Owen S. Littman, General Counsel, Secretary
- Michael Page, Chief Operating Officer - International Business
- , Bio & Compensation -
- Jerome S. Markowitz, Lead Independent Director
- Katherine Elizabeth Dietze, Independent Director
- Steven Kotler, Independent Director
Has Cowen Group been receiving favorable news coverage?
Media stories about COWN stock have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cowen Group earned a daily sentiment score of 0.15 on Accern's scale. They also gave media headlines about the financial services provider an impact score of 49.00 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Cowen Group's major shareholders?
Cowen Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.04%), Thompson Siegel & Walmsley LLC (2.54%), Mendon Capital Advisors Corp (2.35%), Salzhauer Michael (1.83%), Cumberland Partners Ltd (1.61%) and Millennium Management LLC (1.39%). Company insiders that own Cowen Group stock include John J Holmes, Owen S Littman and Peter A Cohen. View Institutional Ownership Trends for Cowen Group.
Which institutional investors are selling Cowen Group stock?
COWN stock was sold by a variety of institutional investors in the last quarter, including Thompson Siegel & Walmsley LLC, Wells Fargo & Company MN, Citadel Advisors LLC, California Public Employees Retirement System, SG Americas Securities LLC, Gator Capital Management LLC, New York State Common Retirement Fund and Fisher Asset Management LLC. View Insider Buying and Selling for Cowen Group.
Which institutional investors are buying Cowen Group stock?
COWN stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Salzhauer Michael, Mendon Capital Advisors Corp, Chicago Equity Partners LLC, RMB Capital Management LLC, Monarch Partners Asset Management LLC, Cumberland Partners Ltd and Millennium Management LLC. View Insider Buying and Selling for Cowen Group.
How do I buy shares of Cowen Group?
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 Group's stock price today?
One share of COWN stock can currently be purchased for approximately $15.25.
How big of a company is Cowen Group?
Cowen Group has a market capitalization of $453.09 million and generates $658.78 million in revenue each year. Cowen Group employs 1,124 workers across the globe.
How can I contact Cowen Group?
Cowen Group'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 Group (COWN)
MarketBeat's community ratings are surveys of what our community members think about Cowen Group 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.
Cowen Group (NASDAQ:COWN) Earnings History and Estimates Chart
Cowen Group (NASDAQ COWN) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/1/2018 | | $0.47 | | | | | N/A |  |
| 4/26/2018 | Q1 2018 | $0.63 | $0.79 | $220.06 million | $241.50 million | View | N/A | |
| 2/15/2018 | Q4 2017 | $0.39 | ($0.30) | $178.98 million | $204.50 million | View | N/A | |
| 10/26/2017 | Q3 2017 | $0.15 | $0.26 | $181.96 million | $182.60 million | View | N/A | |
| 8/3/2017 | Q2 2017 | $0.27 | $0.39 | $169.54 million | $171.90 million | View | Listen | |
| 4/27/2017 | Q1 2017 | $0.13 | $0.19 | $135.52 million | $114.97 million | View | N/A | |
| 2/16/2017 | Q416 | $0.03 | ($0.48) | $126.50 million | $122.30 million | View | Listen | |
| 10/27/2016 | Q316 | $0.04 | $0.10 | $134.76 million | $153.50 million | View | Listen | |
| 7/28/2016 | Q216 | ($0.08) | ($0.20) | $99.25 million | $117.23 million | View | Listen | |
| 4/28/2016 | Q116 | $0.03 | ($0.05) | $101.25 million | $101.00 million | View | Listen | |
| 2/25/2016 | Q415 | $0.08 | $0.14 | $138.66 million | $160.70 million | View | Listen | |
| 10/29/2015 | Q315 | ($0.10) | ($0.13) | $111.76 million | $82.80 million | View | Listen | |
| 7/30/2015 | Q215 | $0.08 | $0.09 | $125.94 million | $124.40 million | View | Listen | |
| 4/30/2015 | Q115 | $0.10 | $0.20 | $146.52 million | $161.70 million | View | Listen | |
| 2/26/2015 | Q4 | $0.08 | $0.16 | $119.40 million | $165.80 million | View | Listen | |
| 11/6/2014 | Q3 | $0.05 | $0.06 | $107.80 million | $107.10 million | View | Listen | |
| 8/7/2014 | Q2 | $0.06 | $0.07 | $104.69 million | $111.50 million | View | Listen | |
| 5/7/2014 | Q1 | $0.06 | $0.08 | $103.31 million | $110.00 million | View | Listen | |
| 2/27/2014 | Q4 | $0.02 | $0.02 | $88.60 million | $97.40 million | View | Listen | |
| 11/7/2013 | | $0.03 | $0.03 | | $81.36 million | View | Listen | |
| 8/2/2013 | Q2 2013 | $0.02 | $0.01 | $79.50 million | $81.10 million | View | Listen | |
| 5/3/2013 | Q1 2013 | ($0.08) | ($0.04) | | $67.24 million | View | N/A | |
| 2/28/2013 | Q4 2012 | | ($0.28) | | | View | N/A | |
| 11/8/2012 | Q312 | ($0.02) | ($0.09) | $68.50 million | $66.00 million | View | N/A | |
| 8/3/2012 | Q2 2012 | ($0.16) | ($0.21) | | | View | N/A | |
| 5/4/2012 | Q1 2012 | $0.16 | $0.20 | | | View | N/A | |
| 3/2/2012 | Q4 2011 | ($0.76) | ($1.16) | | | View | N/A | |
| 11/4/2011 | Q3 2011 | ($1.00) | ($1.58) | | | View | N/A | |
| 8/5/2011 | Q2 2011 | $0.28 | $0.28 | | | View | N/A | |
| 5/6/2011 | Q1 2011 | $0.16 | $0.36 | | | View | N/A | |
| 3/4/2011 | | $0.06 | $0.06 | | | View | N/A | |
| 11/10/2010 | Q3 2010 | ($0.56) | ($0.72) | | | View | N/A | |
| 8/13/2010 | Q2 2010 | ($0.56) | ($0.99) | | | View | N/A | |
| 5/12/2010 | Q1 2010 | ($0.36) | ($0.61) | | | View | N/A | |
| 3/2/2010 | Q4 2009 | ($0.76) | ($1.64) | | | View | N/A | |
| 8/6/2009 | Q2 2009 | ($1.48) | ($1.52) | | | View | N/A | |
| 5/7/2009 | Q1 2009 | ($1.00) | ($2.28) | | | View | N/A | |
| 2/18/2009 | Q4 2008 | ($1.12) | ($2.95) | | | View | N/A | |
| 11/4/2008 | Q3 2008 | ($0.60) | ($1.10) | | | View | N/A | |
| 8/5/2008 | Q2 2008 | ($0.20) | ($0.25) | | | View | N/A | |
| 5/8/2008 | Q1 2008 | ($0.72) | ($0.96) | | | View | N/A | |
| 2/28/2008 | Q4 2007 | ($2.44) | ($3.43) | | | View | N/A | |
(Earnings results data provided by Zacks Investment Research)
Cowen Group (NASDAQ:COWN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Cowen Group (NASDAQ COWN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.90%
Institutional Ownership Percentage: 90.74%
Cowen Group (NASDAQ COWN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/18/2018 | Peter A Cohen | Director | Sell | 9,908 | $15.78 | $156,348.24 | 718,375 | |
| 5/16/2018 | Peter A Cohen | Director | Sell | 19,500 | $15.70 | $306,150.00 | 737,875 | |
| 5/14/2018 | Peter A Cohen | Director | Sell | 6,500 | $15.63 | $101,595.00 | 737,875 | |
| 5/11/2018 | Peter A Cohen | Director | Sell | 19,500 | $15.64 | $304,980.00 | 757,375 | |
| 5/8/2018 | Peter A Cohen | Director | Sell | 19,500 | $15.53 | $302,835.00 | 776,875 | |
| 5/3/2018 | Peter A Cohen | Director | Sell | 14,500 | $15.29 | $221,705.00 | 793,875 | |
| 4/30/2018 | Peter A Cohen | Director | Sell | 19,000 | $15.89 | $301,910.00 | 810,375 | |
| 4/27/2018 | Peter A Cohen | Director | Sell | 6,500 | $16.04 | $104,260.00 | 810,375 | |
| 4/25/2018 | Peter A Cohen | Director | Sell | 16,502 | $15.20 | $250,830.40 | 825,377 | |
| 4/23/2018 | Peter A Cohen | Director | Sell | 8,000 | $15.13 | $121,040.00 | 825,377 | |
| 4/20/2018 | Peter A Cohen | Director | Sell | 24,000 | $15.08 | $361,920.00 | 849,377 | |
| 4/17/2018 | Peter A Cohen | Director | Sell | 16,500 | $14.81 | $244,365.00 | 869,377 | |
| 4/12/2018 | Peter A Cohen | Director | Sell | 12,000 | $14.53 | $174,360.00 | 881,877 | |
| 4/9/2018 | Peter A Cohen | Director | Sell | 4,000 | $14.20 | $56,800.00 | 888,877 | |
| 4/5/2018 | Peter A Cohen | Director | Sell | 1,000 | $14.20 | $14,200.00 | 888,877 | |
| 7/13/2017 | Peter A Cohen | Major Shareholder | Sell | 100,000 | $0.31 | $31,000.00 | | |
| 7/12/2017 | Peter A Cohen | Major Shareholder | Sell | 500,000 | $0.21 | $105,000.00 | | |
| 7/11/2017 | Peter A Cohen | Major Shareholder | Sell | 122,363 | $0.32 | $39,156.16 | | |
| 7/10/2017 | Peter A Cohen | Major Shareholder | Sell | 133,202 | $0.37 | $49,284.74 | | |
| 7/7/2017 | Peter A Cohen | Major Shareholder | Sell | 194,349 | $0.39 | $75,796.11 | | |
| 5/2/2017 | John J Holmes | COO | Sell | 35,000 | $15.71 | $549,850.00 | 121,256 | |
| 12/15/2016 | Owen S. Littman | General Counsel | Sell | 7,500 | $16.39 | $122,925.00 | | |
| 3/1/2016 | Jeffrey M Solomon | President | Buy | 15,000 | $3.52 | $52,800.00 | 2,523,138 | |
| 6/11/2014 | Owen S Littman | General Counsel | Sell | 60,000 | $4.20 | $252,000.00 | | |
| 6/5/2014 | John J Holmes | Insider | Sell | 60,000 | $4.17 | $250,200.00 | | |
| 5/16/2014 | Jeffrey M Solomon | Director | Buy | 25,000 | $3.85 | $96,250.00 | | |
| 8/6/2013 | Jeffrey M Solomon | CEO | Sell | 100,000 | $3.60 | $360,000.00 | | |
| 3/11/2013 | Jerome S Markowitz | Director | Buy | 100,000 | $2.70 | $270,000.00 | | |
| 3/7/2013 | Jerome S Markowitz | Director | Buy | 69,047 | $2.60 | $179,522.20 | | |
(Data available from 1/1/2013 forward)
Cowen Group (NASDAQ COWN) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Cowen Group files debt securities offering
seekingalpha.com - May 24 at 1:37 PM |
 | Contrasting Cowen Group (COWN) & Gleacher & Co. Ltd. (GLCH)
www.americanbankingnews.com - May 23 at 11:27 AM |
| Cowen Group (COWN) Director Sells $156,348.24 in Stock
www.americanbankingnews.com - May 21 at 8:20 PM |
 | Cowen CEO Solomon Says There's Still More Alpha to Be Had
finance.yahoo.com - May 18 at 4:42 PM |
| Cowen Group (COWN) Now Covered by Sandler O'Neill
www.americanbankingnews.com - May 18 at 4:07 PM |
| Financial Review: Cowen Group (COWN) and Stifel (SF)
www.americanbankingnews.com - May 18 at 1:08 AM |
| Cowen Group (COWN) Director Peter A. Cohen Sells 6,500 Shares
www.americanbankingnews.com - May 16 at 8:34 PM |
| Insider Selling: Cowen Group (COWN) Director Sells 19,500 Shares of Stock
www.americanbankingnews.com - May 16 at 7:50 PM |
| Cowen Announces That Peter A. Cohen Has Chosen Not to Stand for Re-Election to Cowen’s Board of Directors
finance.yahoo.com - May 14 at 10:10 AM |
| Cowen Group (COWN) Director Sells $221,705.00 in Stock
www.americanbankingnews.com - May 3 at 8:18 PM |
| Cowen Prime Services Wins HFM European Hedge Fund Services Award 2018
finance.yahoo.com - May 1 at 4:29 PM |
| Peter A. Cohen Sells 19,000 Shares of Cowen Group (COWN) Stock
www.americanbankingnews.com - April 30 at 7:44 PM |
| Edited Transcript of COWN earnings conference call or presentation 26-Apr-18 1:00pm GMT
finance.yahoo.com - April 28 at 9:45 AM |
| Cowen Group (COWN) Announces Earnings Results
www.americanbankingnews.com - April 26 at 7:46 PM |
| Cowen Group's (COWN) CEO Jeffrey Solomon on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - April 26 at 4:32 PM |
| Cowen: 1Q Earnings Snapshot
finance.yahoo.com - April 26 at 4:32 PM |
| Cowen Group beats by $0.25, beats on revenue
seekingalpha.com - April 26 at 9:09 AM |
| Cowen Group (COWN) Director Sells $121,040.00 in Stock
www.americanbankingnews.com - April 25 at 7:28 PM |
| Cowen Group (COWN) Director Sells $250,830.40 in Stock
www.americanbankingnews.com - April 25 at 7:10 PM |
| Peter A. Cohen Sells 24,000 Shares of Cowen Group (COWN) Stock
www.americanbankingnews.com - April 20 at 7:22 PM |
| Cowen Group (COWN) Cut to "Hold" at BidaskClub
www.americanbankingnews.com - April 19 at 1:56 PM |
| Cowen to Hold Conference Call to Discuss 2018 First Quarter Financial Results
finance.yahoo.com - April 19 at 9:22 AM |
| Cowen Group (COWN) Lifted to Buy at BidaskClub
www.americanbankingnews.com - April 18 at 10:12 AM |
| Why Cowen Is Skeptical about General Electric
finance.yahoo.com - April 18 at 9:23 AM |
| Cowen Group (COWN) Set to Announce Earnings on Wednesday
www.americanbankingnews.com - April 18 at 3:44 AM |
| Insider Selling: Cowen Group (COWN) Director Sells 16,500 Shares of Stock
www.americanbankingnews.com - April 17 at 7:15 PM |
| Insider Selling: Cowen Group (COWN) Director Sells 12,000 Shares of Stock
www.americanbankingnews.com - April 12 at 7:35 PM |
| Cowen (COWN) Downgraded by BidaskClub to Sell
www.americanbankingnews.com - April 10 at 9:59 PM |
| Cowen (COWN) PT Raised to $18.00
www.americanbankingnews.com - April 10 at 8:24 PM |
| Cowen Inc (COWN) Director Peter A. Cohen Sells 1,000 Shares
www.americanbankingnews.com - April 9 at 7:35 PM |
| Insider Selling: Cowen Inc (COWN) Director Sells 4,000 Shares of Stock
www.americanbankingnews.com - April 9 at 7:34 PM |
| Cowen (COWN) Upgraded to Hold at BidaskClub
www.americanbankingnews.com - April 7 at 7:02 AM |
 | Form 3 AURA SYSTEMS INC For: Mar 25 Filed by: Cowan Jeffrey D.
www.streetinsider.com - April 2 at 4:34 PM |
| Pamela B. Cowan, Vice President, Nuclear Generation, NEI, Joins the 2018 Decommissioning Strategy Forum as Keynote Speaker
www.streetinsider.com - March 30 at 9:27 AM |
 | Saban gives updates on Tagovailoa, Cowan
www.msn.com - March 28 at 4:31 PM |
| Nick Saban gives updates on Tagovailoa, Cowan
www.msn.com - March 28 at 9:36 AM |
 | Cowan Announces Retirement, Teal Named President & COO of Hitachi Capital America Vendor Services
www.bizjournals.com - March 27 at 9:47 AM |
| Florida Retirees Can Learn How to Cut Taxes in a Complimentary Seminar by One of Florida's Top Retirement Income Planners, Cary Cowan
www.bizjournals.com - March 24 at 4:27 PM |
| Analyzing Cowen (COWN) & Its Competitors
www.americanbankingnews.com - March 20 at 9:24 AM |
| Head-To-Head Review: Cowen (COWN) vs. Its Peers
www.americanbankingnews.com - March 20 at 1:30 AM |
| Cowen Prime Services Wins Hedgeweek Global Award 2018
finance.yahoo.com - March 12 at 11:10 AM |
| Analyzing Cowen (COWN) and Jefferies Group (JEF)
www.americanbankingnews.com - March 8 at 1:38 PM |
| Cowen Inc (COWN) Files 10-K for the Fiscal Year Ended on December 31, 2017
finance.yahoo.com - March 7 at 9:29 AM |
| Cowen Adds Two Senior Technology Analysts to Equity Research Team
finance.yahoo.com - March 5 at 9:34 AM |
| Citadel Advisors LLC Sells 28,708,009 Shares of Cowen Inc (COWN)
www.americanbankingnews.com - March 4 at 5:18 AM |
| Systematic Financial Management LP Has $1.26 Million Stake in Cowen Inc (COWN)
www.americanbankingnews.com - March 2 at 8:24 PM |
| Cowen Integrates Equity and Credit Sales and Trading Platforms
finance.yahoo.com - February 27 at 5:07 PM |
| [$$] Dumping Herbalife, Buying Qualcomm, Liberty Media
finance.yahoo.com - February 27 at 9:23 AM |
| Victory Capital Management Inc. Has $1.55 Million Holdings in Cowen Inc (COWN)
www.americanbankingnews.com - February 24 at 4:52 AM |
| Head to Head Contrast: Cowen (COWN) and Jefferies Group (JEF)
www.americanbankingnews.com - February 20 at 11:18 PM |
Cowen Group (NASDAQ:COWN) SEC Filings
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Cowen Group (NASDAQ:COWN) Income Statement, Balance Sheet and Cash Flow Statement
Cowen Group (NASDAQ COWN) Stock Chart for Friday, May, 25, 2018
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