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:
- Sector: Financials
- Industry: Investment Banking & Brokerage Services - NEC
- Sub-Industry: Investment Banking & Brokerage
- Symbol: NASDAQ:COWN
- CUSIP: 22362210
- Web: www.cowen.com
Capitalization:- Market Cap: $492.57 million
- Outstanding Shares: 30,882,000
Average Prices:- 50 Day Moving Avg: $16.27
- 200 Day Moving Avg: $15.12
- 52 Week Range: $2.90 - $16.95
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 6.16
- P/E Growth: 0.95
Sales & Book Value:- Annual Revenue: $444.43 million
- Price / Sales: 1.11
- Book Value: $23.72 per share
- Price / Book: 0.67
Profitability:- Net Margins: 17.81%
- Return on Equity: 2.86%
- Return on Assets: 4.95%
Debt:- Debt-to-Equity Ratio: 0.16%
- Current Ratio: 0.71%
- Quick Ratio: 0.71%
Misc:- Average Volume: 293,495 shs.
- Beta: 1.66
- Short Ratio: 20.32
Frequently Asked Questions for Cowen (NASDAQ:COWN)
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 shares 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 were Cowen's earnings last quarter?
Cowen Inc (NASDAQ:COWN) announced its quarterly earnings data on Thursday, August, 3rd. The company reported $0.39 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.27 by $0.12. The business earned $171.90 million during the quarter, compared to analyst estimates of $169.54 million. Cowen had a return on equity of 2.86% and a net margin of 17.81%. The firm's quarterly revenue was up 113.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) earnings per share. View Cowen's Earnings History.
Where is Cowen's stock going? Where will Cowen's stock price be in 2017?
3 brokerages have issued 1-year price targets for Cowen's stock. Their predictions range from $17.00 to $18.00. On average, they anticipate Cowen's share price to reach $17.67 in the next year. View Analyst Ratings for Cowen.
Who are some of Cowen's key competitors?
Some companies that are related to Cowen include Sanne Group PLC (SNN), Brewin Dolphin Holdings plc (BRW), OneSavings Bank PLC (OSB), KKR Real Estate Finance Trust (KREF), Hansteen Holdings plc (HSTN), IP Group Plc (IPO), CLS Holdings plc (CLI), TIER REIT (TIER), Safestore Holdings Plc (SAFE), Shawbrook Group PLC (SHAW), Granite Point Mortgage Trust (GPMT), TBC Bank Group PLC (TBCG), Newriver Reit PLC (NRR), Arrow Global Group PLC (ARW), Ithaca Energy (IAE), Aldermore Group PLC (ALD), RMR Group (RMR) and St. Modwen Properties plc (SMP).
Who are Cowen's key executives?
Cowen's management team includes the folowing people:
- Jeffrey M. Solomon, President, Chief Executive Officer of Cowen and Company
- Peter A. Cohen, Chairman of the Board, Chief Executive Officer
- Stephen A. Lasota, Chief Financial Officer
- John Holmes, Chief Operating Officer
- Ann Neidenbach, Chief Information Officer
- Owen S. Littman, General Counsel, Secretary
- Jerome S. Markowitz, Lead Independent Director
- Katherine Elizabeth Dietze, Independent Director
- Steven Kotler, Independent Director
- Jack H. Nusbaum, Independent Director
Who owns Cowen stock?
Cowen's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (8.54%), Dimensional Fund Advisors LP (4.78%), Vanguard Group Inc. (4.26%), Fosun International Ltd (4.22%), Thompson Siegel & Walmsley LLC (3.32%) and Capital World Investors (2.07%). Company insiders that own Cowen stock include Jeffrey M Solomon, John J Holmes, Owen S Littman and Peter A Cohen. View Institutional Ownership Trends for Cowen.
Who sold Cowen stock? Who is selling Cowen stock?
Cowen's stock was sold by a variety of institutional investors in the last quarter, including Fine Capital Partners L.P., Royce & Associates LP, Thompson Siegel & Walmsley LLC, Glacier Peak Capital LLC, New York State Common Retirement Fund, Schwab Charles Investment Management Inc., Prudential Financial Inc. and California State Teachers Retirement System. Company insiders that have sold Cowen stock in the last year include John J Holmes, Owen S Littman and Peter A Cohen. View Insider Buying and Selling for Cowen.
Who bought Cowen stock? Who is buying Cowen stock?
Cowen's stock was acquired by a variety of institutional investors in the last quarter, including Fosun International Ltd, FMR LLC, Salzhauer Michael, Foundry Partners LLC, Monarch Partners Asset Management LLC, QS Investors LLC, North Star Investment Management Corp. and Great Lakes Advisors LLC. View Insider Buying and Selling for Cowen.
How do I buy Cowen stock?
Shares of Cowen can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cowen's stock price today?
One share of Cowen stock can currently be purchased for approximately $15.95.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Cowen (NASDAQ:COWN) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | $17.67 (10.76% upside) |
Analysts' Ratings History for Cowen (NASDAQ:COWN)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/11/2017 | Instinet | Reiterated Rating | Neutral | $17.00 -> $18.00 | High |  |
| 8/10/2017 | Nomura | Boost Price Target | Neutral | $17.00 -> $18.00 | Medium | |
| 2/22/2017 | Cowen and Company | Reiterated Rating | Neutral | $16.00 -> $17.00 | N/A | |
| 10/8/2015 | JMP Securities | Lower Price Target | | $28.00 -> $24.00 | N/A | |
| 10/7/2015 | Keefe, Bruyette & Woods | Lower Price Target | | $28.00 -> $26.00 | N/A | |
(Data available from 8/20/2015 forward)
Earnings History for Cowen (NASDAQ:COWN)Earnings History by Quarter for Cowen (NASDAQ COWN)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 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 | | | View | Listen | |
| 8/2/2013 | Q2 2013 | $0.02 | $0.01 | $79.50 million | $81.10 million | View | Listen | |
| 11/8/2012 | Q312 | ($0.02) | ($0.09) | $68.50 million | $66.00 million | View | N/A | |
| 3/4/2011 | | $0.06 | $0.06 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Cowen (NASDAQ:COWN)Current Year EPS Consensus Estimate: $1.65 EPS
Next Year EPS Consensus Estimate: $2.59 EPS
Dividend History for Cowen (NASDAQ:COWN)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Cowen (NASDAQ:COWN)Insider Ownership Percentage: 4.90%
Institutional Ownership Percentage: 81.32%
Insider Trades by Quarter for Cowen (NASDAQ:COWN)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 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 | |
| 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 | |
| 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)
Headline Trends for Cowen (NASDAQ:COWN)
Latest Headlines for Cowen (NASDAQ:COWN)
| Source: |
|
| Date | Headline |
|---|
 | Ann M. Miller Joins Cowen’s Special Situations Team
finance.yahoo.com - August 17 at 6:46 PM |
| Cowen’s ADR Direct® Platform Launches New Global Client Portal Featuring Enhanced Functionality
finance.yahoo.com - August 16 at 5:54 PM |
| Cowen, Inc. breached its 50 day moving average in a Bullish Manner : COWN-US : August 14, 2017
finance.yahoo.com - August 14 at 5:51 PM |
 | Instinet Reiterates Neutral Rating for Cowen Group, Inc. (NASDAQ:COWN)
www.americanbankingnews.com - August 13 at 2:24 PM |
 | Uniti (UNIT) Presents At Cowen and Company 3rd Annual Communications Infrastructure Summit - Slideshow
seekingalpha.com - August 10 at 6:43 PM |
| Cowen Group, Inc. (COWN) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS
www.americanbankingnews.com - August 4 at 11:08 PM |
| Edited Transcript of COWN earnings conference call or presentation 3-Aug-17 8:30pm GMT
finance.yahoo.com - August 4 at 5:41 PM |
| Cowen Announced Second Quarter 2017 Financial Results
finance.yahoo.com - August 3 at 8:34 PM |
| Cowen posts 2Q profit
finance.yahoo.com - August 3 at 8:34 PM |
| Cowen, Inc. breached its 50 day moving average in a Bearish Manner : COWN-US : August 3, 2017
finance.yahoo.com - August 3 at 3:30 PM |
| Investor Network: Cowen Inc. to Host Earnings Call
finance.yahoo.com - August 3 at 3:30 PM |
 | American Airlines' stock rallies after Cowen raises rating, price target
www.marketwatch.com - July 31 at 5:21 PM |
| Cowen Declares Quarterly Dividend On Its Series A Cumulative Perpetual Convertible Preferred Stock
finance.yahoo.com - July 28 at 7:16 PM |
| Altria Group (MO) Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 27 at 5:43 PM |
| Cowen Announces 2017 Second Quarter Earnings Conference Call
finance.yahoo.com - July 27 at 5:43 PM |
| Triumph Group (TGI) Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - July 26 at 6:00 PM |
| Peter A. Cohen Sells 100,000 Shares of Cowen Group, Inc. (COWN) Stock
www.americanbankingnews.com - July 14 at 9:08 PM |
| Peter A. Cohen Sells 500,000 Shares of Cowen Group, Inc. (COWN) Stock
www.americanbankingnews.com - July 14 at 8:46 PM |
| Cowen’s Westminster Research Associates Named “Greenwich Quality Leader” In Greenwich Associate’s 2017 U.S. Equity Investors Study
finance.yahoo.com - July 13 at 6:37 PM |
| Peter A. Cohen Sells 194,349 Shares of Cowen Group, Inc. (NASDAQ:COWN) Stock
www.americanbankingnews.com - July 12 at 8:45 PM |
| Insider Selling: Cowen Group, Inc. (COWN) Major Shareholder Sells 133,202 Shares of Stock
www.americanbankingnews.com - July 12 at 8:45 PM |
| Cowen Group, Inc. (COWN) Major Shareholder Sells $39,156.16 in Stock
www.americanbankingnews.com - July 12 at 8:42 PM |
| LPL Financial Holdings (LPLA) vs. Cowen Group (COWN) Critical Comparison
www.americanbankingnews.com - July 9 at 7:34 AM |
| Reviewing Cowen Group (COWN) and E*TRADE Financial Corporation (ETFC)
www.americanbankingnews.com - July 8 at 12:16 AM |
| Reviewing Cowen Group (NASDAQ:COWN) and Nomura Holdings Inc ADR (NMR)
www.americanbankingnews.com - July 6 at 6:20 PM |
| Cowen Expands Its Leadership Team
finance.yahoo.com - July 5 at 6:11 PM |
| Cowen Outlines Proposed Recommendations To Improve Small Cap Ecosystem
finance.yahoo.com - June 23 at 5:02 PM |
| David M.V. Barnes Joins Cowen’s Financial Sponsor Coverage Team
finance.yahoo.com - June 22 at 10:54 AM |
| Jeffrey M. Solomon, Cowen President, To Present At SEC Investor Advisory Committee
finance.yahoo.com - June 21 at 5:39 PM |
| Cowen Group (COWN) & Morgan Stanley (MS) Head-To-Head Review
www.americanbankingnews.com - June 16 at 8:48 PM |
| Contrasting Cowen Group (COWN) & TD Ameritrade Holding Corp. (AMTD)
www.americanbankingnews.com - June 8 at 8:44 PM |
| Cowen Completes Acquisition of Convergex
finance.yahoo.com - June 1 at 5:04 PM |
| Cowen to Discontinue Millennium Dark Pool Matching Engine
finance.yahoo.com - June 1 at 5:04 PM |
| Cowen to end mid-point matching in Millennium dark pool
finance.yahoo.com - June 1 at 5:04 PM |
| Uniti (UNIT) Presents At Cowen and Company 45th Annual Technology, Media & Telecom Conference - Slideshow
seekingalpha.com - May 31 at 4:28 PM |
 | Uniti Group Inc. to Present at the Cowen and Company 45th Annual Technology, Media and Telecom Conference
www.nasdaq.com - May 25 at 6:03 PM |
| Cowen Announces New Brand Identity
finance.yahoo.com - May 16 at 12:46 PM |
| Cowen Wins European Hedge Fund Services Award
finance.yahoo.com - May 10 at 8:15 AM |
| Cowen Expands International Prime Services Team
finance.yahoo.com - May 5 at 4:40 PM |
| Very Favorable Media Coverage Very Likely to Impact Cowen Group (COWN) Stock Price
www.americanbankingnews.com - May 4 at 8:52 AM |
| John J. Holmes Sells 35,000 Shares of Cowen Group Inc (COWN) Stock
www.americanbankingnews.com - May 3 at 10:38 PM |
| ETFs with exposure to Cowen Group, Inc. : May 3, 2017
finance.yahoo.com - May 3 at 4:25 PM |
| Cowen Group, Inc. :COWN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 2, 2017
finance.yahoo.com - May 2 at 7:01 PM |
| Cowen Group (COWN) Receives News Impact Score of 0.61
www.americanbankingnews.com - April 30 at 10:14 AM |
| Edited Transcript of COWN earnings conference call or presentation 27-Apr-17 8:30pm GMT
finance.yahoo.com - April 28 at 5:24 PM |
| Cowen Group, Inc. breached its 50 day moving average in a Bearish Manner : COWN-US : April 28, 2017
finance.yahoo.com - April 28 at 5:24 PM |
| Cowen Group Inc (COWN) Issues Earnings Results, Beats Expectations By $0.06 EPS
www.americanbankingnews.com - April 27 at 11:20 PM |
 | BRIEF-Cowen Group Q1 non-gaap earnings per share $0.19
www.reuters.com - April 27 at 9:57 PM |
| Favorable News Coverage Very Likely to Affect Cowen Group (COWN) Stock Price
www.americanbankingnews.com - April 27 at 6:16 PM |
| Investor Network: Cowen Group, Inc. Class A to Host Earnings Call
finance.yahoo.com - April 27 at 4:55 PM |
Cowen (COWN) Chart for Sunday, August, 20, 2017
