Cowen Inc. (NASDAQ:COWN) Shares Sold by US Bancorp DE

US Bancorp DE cut its position in shares of Cowen Inc. (NASDAQ:COWNGet Rating) by 36.6% during the second quarter, Holdings Channel.com reports. The firm owned 1,200 shares of the financial services provider’s stock after selling 692 shares during the quarter. US Bancorp DE’s holdings in Cowen were worth $28,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of COWN. Retirement Group LLC purchased a new stake in shares of Cowen during the 1st quarter valued at approximately $27,000. Copeland Capital Management LLC raised its position in Cowen by 57.2% in the second quarter. Copeland Capital Management LLC now owns 1,242 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 452 shares during the period. Founders Capital Management raised its position in Cowen by 66.7% in the second quarter. Founders Capital Management now owns 1,500 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 600 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Cowen in the 1st quarter valued at $78,000. Finally, Point72 Hong Kong Ltd grew its holdings in shares of Cowen by 188.0% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,932 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,914 shares during the period. 92.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COWN has been the topic of a number of recent analyst reports. Wolfe Research cut shares of Cowen from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, August 2nd. JMP Securities lowered shares of Cowen from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. StockNews.com downgraded shares of Cowen from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. Finally, Piper Sandler lowered Cowen from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.33.

Cowen Stock Up 0.1 %

Shares of COWN opened at $38.64 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $1.08 billion, a PE ratio of 9.98 and a beta of 1.44. The company’s 50-day simple moving average is $38.60 and its 200-day simple moving average is $32.86. Cowen Inc. has a 1 year low of $21.36 and a 1 year high of $39.93.

Cowen Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.24%. Cowen’s dividend payout ratio (DPR) is presently 12.40%.

About Cowen

(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).

Further Reading

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Institutional Ownership by Quarter for Cowen (NASDAQ:COWN)

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