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Cowen Inc. (NASDAQ:COWN) – Inventory analysts at Piper Sandler boosted their FY2021 EPS estimates for shares of Cowen in a notice issued to traders on Friday, January seventh. Piper Sandler analyst S. Mody now expects that the monetary providers 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 fall 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 fall 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 fall 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 providers 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 studies in regards to the inventory. Zacks Investment Research raised shares of Cowen from a “promote” ranking to a “purchase” ranking and set a $44.00 value 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” ranking and a $35.00 value 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 transferring common is $36.80 and its 200 day transferring common is $37.33. Cowen has a 12-month low of $23.40 and a 12-month excessive of $44.07.
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A number of institutional traders have not too long ago added to or diminished their stakes in COWN. Non-public Capital Group LLC raised its place in shares of Cowen by 79.5% throughout the third quarter. Non-public Capital Group LLC now owns 921 shares of the monetary providers supplier’s inventory valued at $32,000 after shopping for a further 408 shares over the past quarter. First Horizon Advisors Inc. raised its place in shares of Cowen by 289.2% throughout the third quarter. First Horizon Advisors Inc. now owns 432 shares of the monetary providers supplier’s inventory valued at $38,000 after shopping for a further 321 shares over the past quarter. PNC Monetary Providers Group Inc. purchased a brand new stake in Cowen within the second quarter price $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 providers supplier’s inventory price $67,000 after buying a further 772 shares over the past 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 providers supplier’s inventory price $72,000 after buying a further 651 shares over the past 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 have been purchased at a mean value 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 on the market at the SEC website. 4.20% of the inventory is presently owned by firm insiders.
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Wednesday, December fifteenth. Shareholders of report on Wednesday, December 1st have 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 economic providers. It operates by way of 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 contains of the agency’s personal investments, personal actual property investments, and different legacy funding methods.
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This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]
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