Cowen Inc (NASDAQ:COWN) – Equities researchers at Piper Sandler decreased their Q4 2020 earnings per share estimates for shares of Cowen in a research note issued to investors on Friday, July 10th. Piper Sandler analyst S. Mody now expects that the financial services provider will post earnings of $0.72 per share for the quarter, down from their previous estimate of $0.83. Piper Sandler also issued estimates for Cowen’s Q4 2021 earnings at $1.18 EPS.

A number of other equities research analysts have also issued reports on COWN. TheStreet upgraded Cowen from a “d+” rating to a “c-” rating in a research note on Monday, July 6th. BidaskClub upgraded Cowen from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Zacks Investment Research upgraded Cowen from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods began coverage on Cowen in a research note on Monday, June 22nd. They issued a “buy” rating and a $18.00 price target for the company. Finally, ValuEngine downgraded shares of Cowen from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $19.00.

Shares of COWN stock opened at $16.60 on Monday. Cowen has a 52-week low of $5.75 and a 52-week high of $18.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $463.22 million, a PE ratio of -165.98 and a beta of 1.56. The stock has a fifty day simple moving average of $14.85 and a two-hundred day simple moving average of $13.54.

Cowen (NASDAQ:COWN) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.38). Cowen had a return on equity of 4.97% and a net margin of 0.45%. The business had revenue of $210.92 million during the quarter, compared to analysts’ expectations of $218.11 million.

Several institutional investors and hedge funds have recently added to or reduced their stakes in COWN. Citigroup Inc. lifted its holdings in shares of Cowen by 50.4% in the 4th quarter. Citigroup Inc. now owns 5,784 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 1,938 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Cowen by 47.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,757 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 2,824 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Cowen in the 1st quarter valued at about $98,000. Wolverine Trading LLC bought a new position in shares of Cowen in the 1st quarter valued at about $123,000. Finally, Barclays PLC lifted its holdings in shares of Cowen by 98.5% in the 4th quarter. Barclays PLC now owns 28,365 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 14,078 shares during the last quarter. 88.48% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, May 29th. Cowen’s dividend payout ratio (DPR) is presently 7.24%.

About Cowen

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.

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Earnings History and Estimates for Cowen (NASDAQ:COWN)

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