COWN Stock Price
COWN RSI Chart
COWN Valuation
COWN Price/Sales (Trailing)
COWN Profitability
COWN Fundamentals
COWN Revenue
COWN Earnings
Price Action
Last 7 days
0.1%
Last 30 days
0.4%
Last 90 days
0.9%
Trailing 12 Months
32.1%
COWN Financial Health
COWN Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for COWN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-01 | Holmes John J | acquired | - | - | 79,201 | chief operating officer |
2023-03-01 | Poster Margaret L | back to issuer | -954,486 | 39.00 | -24,474 | - |
2023-03-01 | LEIBOWITZ LAWRENCE E | back to issuer | -1,953,820 | 39.00 | -50,098 | - |
2023-03-01 | Lasota Stephen | acquired | - | - | 77,095 | chief financial officer |
2023-03-01 | KOTLER STEVEN | back to issuer | -2,841,030 | 39.00 | -72,847 | - |
2023-03-01 | Holmes John J | back to issuer | -8,996,600 | 27.6986 | -324,803 | chief operating officer |
2023-03-01 | Lasota Stephen | back to issuer | -10,405,200 | 29.1425 | -357,047 | chief financial officer |
2023-03-01 | Gonsalves Gregg A | back to issuer | -610,896 | 39.00 | -15,664 | - |
2023-03-01 | Dietze Katherine Elizabeth | back to issuer | -3,335,240 | 39.00 | -85,519 | - |
2023-03-01 | SOLOMON JEFFREY M | acquired | - | - | 231,286 | chair and ceo |
Which funds bought or sold COWN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-11 | HUNTINGTON NATIONAL BANK | unchanged | - | - | 39.00 | -% |
2023-08-10 | CONCOURSE FINANCIAL GROUP SECURITIES, INC. | sold off | - | - | - | -% |
2023-07-14 | Ronald Blue Trust, Inc. | sold off | -100 | -54,000 | - | -% |
2023-05-15 | Kula Investments, LLC | sold off | -100 | -449,807 | - | -% |
2023-02-10 | CoreCap Advisors, LLC | new | - | 9,655 | 9,655 | -% |
2023-01-26 | YorkBridge Wealth Partners, LLC | sold off | -100 | -3,093,000 | - | -% |
2023-01-25 | HAVENS ADVISORS LLC | added | 40.62 | 1,002,800 | 3,475,800 | 8.84% |
2022-10-26 | WIPFLI FINANCIAL ADVISORS LLC, | new | - | 138,000 | 138,000 | 0.01% |
2022-05-16 | Parametric Portfolio Associates LLC | added | 13.62 | -318,000 | 1,846,000 | -% |
2022-05-16 | Amalgamated Financial Corp. | new | - | 86,000 | 86,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Cowen
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Mar 03, 2023 | magnetar financial llc | 0% | 0 | SC 13D/A | |
| Feb 14, 2023 | azora capital lp | 0% | 0 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 4.76% | 1,332,341 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 8.3% | 2,334,921 | SC 13G/A | |
| Feb 14, 2022 | azora capital lp | 5.5% | 1,497,441 | SC 13G | |
| Feb 09, 2022 | vanguard group inc | 6.10% | 1,665,344 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
| Feb 08, 2022 | dimensional fund advisors lp | 4.7% | 1,293,103 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 9.7% | 2,656,131 | SC 13G/A | |
| Jun 10, 2021 | fmr llc | - | 0 | SC 13G/A |
Recent SEC filings of Cowen
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 06, 2023 | 4 | Insider Trading |
Peers (Alternatives to Cowen)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
GS | 109.2B | 50.2B | 3.59% | 4.39% | 12.35 | 2.18 | 62.27% | -45.33% |
SCHW | 101.9B | 20.8B | -0.80% | -22.51% | 14.81 | 4.91 | 9.06% | 9.27% |
BLK | 99.9B | 17.4B | 0.45% | 11.55% | 19.26 | 5.76 | -10.46% | -11.12% |
RJF | 21.4B | 12.5B | -0.03% | -4.28% | 12.24 | 1.71 | 13.06% | 16.34% |
MKTX | 8.1B | 733.0M | -13.76% | -8.00% | 32.15 | 11.05 | 5.41% | 4.21% |
| MID-CAP | ||||||||
IBKR | 9.2B | 4.8B | -2.51% | 33.04% | 3.82 | 1.93 | 226.24% | 90.31% |
SEIC | 8.0B | 1.9B | -0.58% | 14.87% | 19.94 | 4.23 | -8.00% | -31.66% |
SF | 6.9B | 4.8B | 2.57% | 10.56% | 11.12 | 1.42 | 2.69% | -21.37% |
SNEX | 2.0B | 60.6B | 0.12% | 15.91% | 8.32 | 0.03 | -1.46% | 48.12% |
| SMALL-CAP | ||||||||
PIPR | 2.2B | 1.3B | 6.87% | 30.53% | 24.32 | 1.66 | -26.95% | -56.14% |
VIRT | 1.7B | 2.2B | -5.92% | -18.40% | 8.54 | 0.76 | -14.47% | -57.71% |
COWN | 1.1B | 1.5B | 0.39% | 32.10% | 14.3 | 0.71 | -27.22% | -74.14% |
AC | 794.8M | 23.7M | -3.52% | -3.57% | 43.45 | 33.6 | 51.04% | 152.07% |
OPY | 416.5M | 1.2B | 0.66% | 14.79% | 12.96 | 0.34 | 4.38% | -66.00% |
GHL | 277.9M | 298.1M | 0.14% | 131.13% | 18.25 | 0.93 | 3.91% | -16.38% |
Cowen News
Returns for COWN
Cumulative Returns on COWN
14.9%
10-Year Cumulative Returns
16.1%
7-Year Cumulative Returns
23.0%
5-Year Cumulative Returns
38.9%
3-Year Cumulative Returns
Risks for COWN
What is the probability of a big loss on COWN?
78.8%
Probability that Cowen stock will be more than 20% underwater in next one year
37.3%
Probability that Cowen stock will be more than 30% underwater in next one year.
31.5%
Probability that Cowen stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does COWN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Cowen was unfortunately bought at previous high price.
Drawdowns
Financials for Cowen
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 | 2017Q4 |
| Revenue | -5.0% | 1,538 | 1,618 | 1,620 | 1,776 | 2,113 | 2,210 | 2,119 | 2,307 | 1,756 | 1,559 | 1,490 | 1,136 | 1,164 | 1,028 | 997 | 940 | 967 | 911 | 869 | 795 | 659 |
| Costs and Expenses | -3.8% | 1,212 | 1,259 | 1,251 | 1,337 | 1,530 | 1,557 | 1,478 | 1,557 | 1,292 | 1,151 | 1,122 | 958 | 949 | 917 | 910 | 886 | 891 | 871 | 838 | 792 | 697 |
| EBITDA | -21.1% | 292 | 370 | 414 | 479 | 640 | 680 | 670 | 788 | 474 | 378 | 349 | 172 | 237 | 187 | - | - | - | - | - | - | - |
| EBITDA Margin | -17.0% | 0.19* | 0.23* | 0.26* | 0.27* | 0.30* | 0.32* | 0.32* | 0.40* | 0.29* | 0.28* | 0.28* | 0.15* | 0.23* | 0.18* | - | - | - | - | - | - | - |
| Interest Expenses | -1.0% | 188 | 190 | 188 | 190 | 215 | 200 | 195 | 189 | 154 | 164 | 166 | 167 | 146 | 127 | 104 | 87.00 | 91.00 | 64.00 | 55.00 | 29.00 | 27.00 |
| Earnings Before Taxes | -50.3% | 77.00 | 154 | 202 | 267 | 406 | 461 | 455 | 577 | 297 | 191 | 161 | -16.03 | 71.00 | 40.00 | 57.00 | 76.00 | 98.00 | 47.00 | 34.00 | 28.00 | 7.00 |
| EBT Margin | -47.7% | 0.05* | 0.10* | 0.12* | 0.15* | 0.19* | 0.22* | 0.22* | 0.30* | 0.18* | 0.14* | 0.13* | -0.01* | 0.07* | 0.04* | - | - | - | - | - | - | - |
| Net Income | -40.5% | 76.00 | 129 | 152 | 183 | 296 | 323 | 305 | 374 | 216 | 129 | 113 | 5.00 | 25.00 | 24.00 | 36.00 | 36.00 | 43.00 | -38.23 | -49.05 | -47.01 | -60.88 |
| Net Income Margin | -37.4% | 0.05* | 0.08* | 0.09* | 0.10* | 0.14* | 0.15* | 0.15* | 0.19* | 0.13* | 0.10* | 0.09* | 0.00* | 0.02* | 0.02* | - | - | - | - | - | - | - |
| Free Cashflow | 250.1% | 159 | -105 | 88.00 | -378 | 295 | 696 | 542 | 950 | 511 | 249 | 175 | -145 | -194 | -137 | - | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 | 2017Q4 |
| Assets | -0.5% | 8,829 | 8,874 | 8,755 | 8,426 | 8,749 | 10,944 | 10,157 | 9,947 | 7,828 | 5,791 | 5,520 | 4,732 | 5,162 | 4,817 | 4,862 | 4,160 | 3,346 | 3,462 | 3,398 | 3,289 | 3,296 |
| Cash Equivalents | 25.3% | 1,140 | 910 | 927 | 513 | 914 | 1,057 | 807 | 1,148 | 645 | 540 | 340 | 270 | 446 | 261 | 182 | 236 | 480 | 193 | 208 | 118 | 264 |
| Net PPE | -6.4% | 23.00 | 25.00 | 24.00 | 25.00 | 26.00 | 29.00 | 31.00 | 31.00 | 33.00 | 37.00 | 35.00 | 34.00 | 34.00 | 30.00 | 28.00 | 28.00 | 26.00 | 41.00 | 38.00 | 40.00 | 40.00 |
| Goodwill | 0% | 234 | 234 | 234 | 234 | 234 | 147 | 147 | 147 | 147 | 9.00 | 138 | 138 | 138 | 138 | 138 | 142 | 61.00 | 61.00 | 61.00 | 61.00 | 61.00 |
| Liabilities | -0.9% | 7,481 | 7,551 | 7,414 | 7,095 | 7,452 | 9,700 | 8,893 | 8,707 | 6,659 | 4,610 | 4,429 | 3,491 | 3,867 | 3,567 | 3,604 | 2,927 | 2,270 | 2,451 | 2,193 | 2,137 | 2,108 |
| Long Term Debt | - | - | - | - | - | - | - | 481 | 543 | 383 | 384 | 314 | 408 | 345 | 343 | 315 | 264 | 263 | 271 | 273 | 260 | 173 |
| Shareholder's Equity | 1.0% | 1,064 | 1,053 | 1,047 | 1,035 | 1,016 | 1,244 | 1,264 | 1,240 | 1,169 | 911 | 902 | 785 | 904 | 817 | 817 | 815 | 794 | 808 | 793 | 759 | 748 |
| Retained Earnings | 1.4% | 515 | 508 | 500 | 491 | 462 | 402 | 370 | 329 | 186 | 98.00 | 81.00 | -29.87 | -16.81 | -20.33 | -22.45 | -26.56 | -34.65 | -38.03 | -51.82 | -55.52 | -70.12 |
| Additional Paid-In Capital | 1.0% | 1,163 | 1,152 | 1,138 | 1,127 | 1,101 | 1,177 | 1,166 | 1,151 | 1,130 | 1,147 | 1,135 | 1,120 | 1,111 | 1,104 | 1,094 | 1,085 | 1,063 | 1,061 | 1,053 | 1,015 | 1,005 |
| Accumulated Depreciation | 1.1% | 53.00 | 52.00 | 52.00 | 52.00 | 50.00 | 47.00 | 45.00 | 43.00 | 41.00 | 38.00 | 37.00 | 35.00 | 33.00 | 31.00 | 30.00 | 29.00 | 32.00 | 33.00 | 32.00 | 30.00 | 28.00 |
| Shares Outstanding | -100.0% | - | 28.00 | 28.00 | 28.00 | - | 29.00 | 27.00 | 27.00 | - | 28.00 | 28.00 | 29.00 | - | 30.00 | 30.00 | 30.00 | 29.00 | 30.00 | 30.00 | 30.00 | 31.00 |
| Minority Interest | 9.4% | 163 | 149 | 173 | 176 | 160 | 161 | 166 | 133 | 200 | 270 | 189 | 138 | 94.00 | 85.00 | - | - | 65.00 | - | - | - | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 | 2017Q4 |
| Cashflow From Operations | 288.7% | 172 | -90.94 | 100 | -365 | 307 | 695 | 554 | 955 | 513 | 260 | 175 | -136 | -187 | -128 | 69.00 | 194 | 324 | 140 | -134 | 21.00 | 3.00 |
| Share Based Compensation | -14.6% | 60.00 | 71.00 | 68.00 | 71.00 | 66.00 | 57.00 | 58.00 | 59.00 | 48.00 | 42.00 | 40.00 | 34.00 | 34.00 | 37.00 | 35.00 | 35.00 | 37.00 | 31.00 | 30.00 | 30.00 | 28.00 |
| Cashflow From Investing | 3456.0% | 175 | -5.22 | 115 | -93.34 | -75.73 | -10.06 | -17.11 | -37.75 | -43.01 | -34.70 | -31.49 | -6.27 | -47.57 | -61.20 | -58.46 | -67.26 | -17.88 | -17.99 | -1.08 | -20.09 | -2.40 |
| Cashflow From Financing | -210.6% | -55.40 | 50.00 | 6.00 | -182 | -15.72 | -190 | -11.62 | 70.00 | 26.00 | 119 | 15.00 | 165 | 200 | 234 | -0.52 | -52.48 | -128 | -75.12 | 145 | 169 | 138 |
| Dividend Payments | 3.8% | 15.00 | 15.00 | 14.00 | 13.00 | 11.00 | 11.00 | 10.00 | 9.00 | 6.00 | - | - | - | - | - | - | - | - | - | - | - | - |
| Buy Backs | -54.3% | 31.00 | 68.00 | 117 | 163 | 160 | 127 | 93.00 | 50.00 | 47.00 | 49.00 | 32.00 | 29.00 | 15.00 | 25.00 | 29.00 | 29.00 | 32.00 | 36.00 | 19.00 | 27.00 | 20.00 |
COWN Income Statement
2022-12-31Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenues | |||
| Investment banking | $ 494,842 | $ 1,067,162 | $ 769,486 |
| Brokerage | 592,292 | 585,162 | 524,361 |
| Securities principal transactions, net | 112,829 | 122,110 | 124,667 |
| Portfolio fund principal transactions, net | (4,442) | 338 | 20,434 |
| Carried interest allocations | (31,555) | 5,059 | 59,250 |
| Total investment income (loss) | 76,832 | 127,507 | 204,351 |
| Management fees | 66,670 | 72,287 | 47,515 |
| Incentive income | 646 | 2,732 | 592 |
| Interest and dividends | 312,134 | 219,292 | 187,459 |
| Insurance and reinsurance premiums | 36,522 | 39,631 | 30,147 |
| Other revenues | 7,010 | 5,211 | 10,503 |
| Consolidated Funds | |||
| Principal transactions, net | (49,234) | (6,194) | (24,338) |
| Interest and dividends | 0 | 9 | 5,218 |
| Other revenues | 9 | 0 | 632 |
| Total revenues | 1,537,723 | 2,112,799 | 1,755,926 |
| Interest and dividends expense | 259,126 | 211,387 | 187,725 |
| Total net revenues | 1,278,597 | 1,901,412 | 1,568,201 |
| Expenses | |||
| Employee compensation and benefits | 771,386 | 1,046,371 | 860,531 |
| Brokerage and trade execution costs | 162,598 | 153,831 | 139,034 |
| Underwriting expenses | 4,914 | 24,978 | 22,565 |
| Professional, advisory and other fees | 80,564 | 80,849 | 59,990 |
| Service fees | 29,942 | 25,768 | 25,378 |
| Communications | 38,041 | 37,499 | 32,593 |
| Occupancy and equipment | 41,669 | 40,692 | 36,559 |
| Depreciation and amortization | 27,725 | 19,004 | 22,677 |
| Client services and business development | 39,333 | 29,607 | 20,526 |
| Insurance and reinsurance claims, commissions and amortization of deferred acquisition costs | (12,260) | 33,938 | 33,905 |
| Change in fair value of contingent consideration | (13,560) | 15,119 | 8,492 |
| Other expenses | 40,969 | 21,907 | 24,703 |
| Consolidated Funds | |||
| Interest and dividends | 0 | 0 | 2,064 |
| Professional, advisory and other fees | 121 | 273 | 2,087 |
| Brokerage and trade execution costs | 0 | 0 | 37 |
| Other expenses | 127 | 357 | 1,221 |
| Total expenses | 1,211,569 | 1,530,193 | 1,292,362 |
| Other income (loss) | |||
| Net gains (losses) on other investments | 9,613 | 35,494 | 18,879 |
| Bargain purchase gain, net of tax | 0 | 3,855 | 0 |
| Gain/(loss) on debt extinguishment | 0 | (4,538) | 2,719 |
| Total other income (loss) | 9,613 | 34,811 | 21,598 |
| Income (loss) before income taxes | 76,641 | 406,030 | 297,437 |
| Income tax expense (benefit) | 10,786 | 102,039 | 90,373 |
| Net income (loss) | 65,855 | 303,991 | 207,064 |
| Net income (loss) attributable to non-controlling interests in consolidated subsidiaries and investment funds | (10,603) | 8,380 | (9,299) |
| Net income (loss) attributable to Cowen Inc. | 76,458 | 295,611 | 216,363 |
| Preferred stock dividends | 6,792 | 6,792 | 6,792 |
| Net income (loss) attributable to Cowen Inc. common stockholders | $ 69,666 | $ 288,819 | $ 209,571 |
| Weighted average common shares outstanding: | |||
| Basic (in shares) | 28,183 | 27,721 | 27,790 |
| Diluted (in shares) | 31,544 | 32,628 | 29,519 |
| Earnings (loss) per share: | |||
| Earnings Per Share, Basic (in dollars per share) | $ 2.47 | $ 10.42 | $ 7.54 |
| Earnings Per Share, Diluted (in dollars per share) | $ 2.21 | $ 8.85 | $ 7.10 |
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). The company offers public and private capital raising, and strategic advisory services for public and private companies. It also trades common stocks, listed options, equity-linked securities, and other financial instruments on behalf of institutional investor clients. In addition, the company offers investment products and solutions in the liquidity spectrum to institutional and private clients, as well as provides investment research services. Further, it is involved in the private investment, private real estate investment, and other legacy investment activities. The company was founded in 1918 and is headquartered in New York, New York.