Cowen Inc. (NASDAQ:COWN) – Inventory analysts at Piper Sandler boosted their FY2021 EPS estimates for shares of Cowen in a be aware issued to traders on Friday, January seventh. Piper Sandler analyst S. Mody now expects that the monetary companies supplier will earn $9.20 per share for the yr, up from their prior forecast of $9.07. Piper Sandler additionally issued estimates for Cowen’s This autumn 2021 earnings at $1.97 EPS, Q1 2022 earnings at $1.62 EPS, Q2 2022 earnings at $1.74 EPS, Q3 2022 earnings at $1.77 EPS, This autumn 2022 earnings at $2.19 EPS, FY2022 earnings at $7.31 EPS, Q1 2023 earnings at $1.89 EPS, Q2 2023 earnings at $2.02 EPS, Q3 2023 earnings at $2.05 EPS, This autumn 2023 earnings at $2.54 EPS and FY2023 earnings at $8.49 EPS. Cowen (NASDAQ:COWN) final introduced its quarterly earnings outcomes on Thursday, October twenty eighth. The monetary companies supplier reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.10. The agency had income of $359.06 million for the quarter, in comparison with the consensus estimate of $336.73 million. Cowen had a web margin of 16.97% and a return on fairness of 31.20%. Throughout the identical quarter final yr, the agency posted $1.25 EPS.
Different equities analysts additionally not too long ago issued analysis experiences in regards to the inventory. Zacks Investment Research raised shares of Cowen from a “promote” score to a “purchase” score and set a $44.00 worth goal on the inventory in a report on Thursday, November 4th. The Goldman Sachs Group began protection on shares of Cowen in a report on Tuesday, September twenty first. They issued a “promote” score and a $35.00 worth goal on the inventory.
COWN opened at $35.74 on Monday. The corporate has a present ratio of 0.65, a fast ratio of 0.65 and a debt-to-equity ratio of 0.04. The corporate has a market cap of $975.24 million, a price-to-earnings ratio of three.68 and a beta of 1.40. The corporate’s 50 day shifting common is $36.80 and its 200 day shifting common is $37.33. Cowen has a 12-month low of $23.40 and a 12-month excessive of $44.07.
A number of institutional traders have not too long ago added to or decreased their stakes in COWN. Personal Capital Group LLC raised its place in shares of Cowen by 79.5% in the course of the third quarter. Personal Capital Group LLC now owns 921 shares of the monetary companies supplier’s inventory valued at $32,000 after shopping for an extra 408 shares over the last quarter. First Horizon Advisors Inc. raised its place in shares of Cowen by 289.2% in the course of the third quarter. First Horizon Advisors Inc. now owns 432 shares of the monetary companies supplier’s inventory valued at $38,000 after shopping for an extra 321 shares over the last quarter. PNC Monetary Providers Group Inc. purchased a brand new stake in Cowen within the second quarter value $43,000. US Bancorp DE elevated its place in Cowen by 90.5% within the second quarter. US Bancorp DE now owns 1,625 shares of the monetary companies supplier’s inventory value $67,000 after buying an extra 772 shares over the last quarter. Lastly, O Shaughnessy Asset Administration LLC elevated its place in Cowen by 59.2% within the second quarter. O Shaughnessy Asset Administration LLC now owns 1,750 shares of the monetary companies supplier’s inventory value $72,000 after buying an extra 651 shares over the last quarter. Hedge funds and different institutional traders personal 89.73% of the corporate’s inventory.
In different information, Director Brett H. Barth purchased 10,000 shares of the agency’s inventory in a transaction on Friday, November twenty sixth. The shares had been purchased at a mean worth of $35.85 per share, for a complete transaction of $358,500.00. The acquisition was disclosed in a doc filed with the SEC, which is offered at the SEC website. 4.20% of the inventory is at the moment owned by firm insiders.
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Wednesday, December fifteenth. Shareholders of document on Wednesday, December 1st had been paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized foundation and a yield of 1.12%. The ex-dividend date was Tuesday, November thirtieth. Cowen’s payout ratio is 4.12%.
Cowen Firm Profile
Cowen, Inc engages within the provision of monetary companies. It operates by following the segments: Working Firm and Asset Firm. The Working Firm phase consists of the Cowen Funding Administration, the Funding Banking, the Markets, and the Analysis divisions. The Asset Firm phase includes of the agency’s non-public investments, non-public actual property investments, and different legacy funding methods.
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