Northern Trust Corp increased its position in Cowen Group, Inc. (NASDAQ:COWN) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 299,114 shares of the financial services provider’s stock after buying an additional 10,376 shares during the period. Northern Trust Corp owned 1.10% of Cowen Group worth $4,860,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. American International Group Inc. increased its holdings in Cowen Group by 7.2% in the first quarter. American International Group Inc. now owns 15,740 shares of the financial services provider’s stock worth $235,000 after buying an additional 1,051 shares during the last quarter. Teachers Advisors LLC increased its holdings in Cowen Group by 9.8% in the second quarter. Teachers Advisors LLC now owns 45,204 shares of the financial services provider’s stock worth $735,000 after buying an additional 4,031 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Cowen Group by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 112,803 shares of the financial services provider’s stock worth $1,687,000 after buying an additional 5,955 shares during the last quarter. SG Americas Securities LLC increased its holdings in Cowen Group by 2.3% in the second quarter. SG Americas Securities LLC now owns 311,191 shares of the financial services provider’s stock worth $5,057,000 after buying an additional 7,114 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in Cowen Group in the second quarter worth approximately $119,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.
A number of equities analysts recently commented on COWN shares. Instinet restated a “neutral” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Cowen Group in a report on Friday, August 11th. Nomura decreased their target price on Cowen Group from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, October 31st. Finally, BidaskClub cut Cowen Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.
Shares of Cowen Group, Inc. (NASDAQ COWN) traded down $0.20 during trading on Monday, reaching $14.30. The company’s stock had a trading volume of 210,907 shares, compared to its average volume of 322,367. The company has a market capitalization of $450.77, a PE ratio of 40.28 and a beta of 1.57. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.16. Cowen Group, Inc. has a 52-week low of $12.45 and a 52-week high of $18.25.
Cowen Group (NASDAQ:COWN) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. The firm had revenue of $182.60 million during the quarter, compared to analysts’ expectations of $181.96 million. Cowen Group had a return on equity of 1.54% and a net margin of 2.29%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share.
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Cowen Group Profile
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.
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