Cowen Inc. (NASDAQ:COWN) Receives Average Rating of “Hold” from Analysts

Cowen Inc. (NASDAQ:COWNGet Rating) has earned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $47.33.

A number of equities research analysts have commented on the stock. JMP Securities dropped their price objective on shares of Cowen from $62.00 to $59.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 7th. Piper Sandler raised their price target on Cowen from $55.00 to $58.00 in a research note on Monday, May 2nd. The Goldman Sachs Group lowered their price objective on Cowen from $29.00 to $25.00 and set a “sell” rating for the company in a research report on Tuesday, April 12th. StockNews.com upgraded Cowen from a “sell” rating to a “hold” rating in a report on Wednesday, May 18th. Finally, Zacks Investment Research cut Cowen from a “buy” rating to a “strong sell” rating in a research note on Tuesday, April 12th.

COWN opened at $26.42 on Friday. The business has a fifty day moving average price of $24.57 and a 200 day moving average price of $30.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.71 and a quick ratio of 0.71. Cowen has a 12 month low of $21.45 and a 12 month high of $44.07. The stock has a market capitalization of $733.76 million, a price-to-earnings ratio of 4.84 and a beta of 1.45.

Cowen (NASDAQ:COWNGet Rating) last announced its quarterly earnings data on Friday, April 29th. The financial services provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.74. Cowen had a return on equity of 18.83% and a net margin of 10.97%. The business had revenue of $331.64 million during the quarter, compared to the consensus estimate of $298.27 million. During the same period in the previous year, the company posted $4.34 earnings per share. On average, research analysts anticipate that Cowen will post 5.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Tuesday, May 31st. Cowen’s dividend payout ratio (DPR) is currently 8.79%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COWN. Victory Capital Management Inc. grew its stake in shares of Cowen by 0.5% in the 4th quarter. Victory Capital Management Inc. now owns 75,399 shares of the financial services provider’s stock valued at $2,722,000 after purchasing an additional 375 shares during the last quarter. Legal & General Group Plc increased its stake in Cowen by 3.6% in the 4th quarter. Legal & General Group Plc now owns 11,571 shares of the financial services provider’s stock valued at $418,000 after buying an additional 403 shares during the period. Arizona State Retirement System raised its position in Cowen by 6.7% during the 4th quarter. Arizona State Retirement System now owns 7,029 shares of the financial services provider’s stock worth $254,000 after buying an additional 442 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Cowen by 2.5% in the 1st quarter. Panagora Asset Management Inc. now owns 24,463 shares of the financial services provider’s stock worth $663,000 after acquiring an additional 602 shares during the period. Finally, Man Group plc boosted its holdings in shares of Cowen by 6.5% in the third quarter. Man Group plc now owns 10,230 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 626 shares in the last quarter. 89.63% of the stock is currently owned by institutional investors.

Cowen Company Profile (Get Rating)

Cowen Inc, together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commission management, and investment management services in the United States and internationally. It operates in two segments, Operating Company (Op Co) and Asset Company (Asset Co).

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