Last $5.31 USD
Change Today -0.06 / -1.12%
Volume 158.0K
COWN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 11:24 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

cowen group inc-class a (COWN) Snapshot

Open
$5.39
Previous Close
$5.37
Day High
$5.40
Day Low
$5.27
52 Week High
03/2/15 - $5.40
52 Week Low
10/1/14 - $3.52
Market Cap
593.5M
Average Volume 10 Days
1.0M
EPS TTM
$1.43
Shares Outstanding
111.7M
EX-Date
--
P/E TM
3.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for COWEN GROUP INC-CLASS A (COWN)

cowen group inc-class a (COWN) Details

Cowen Group, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides alternative investment management, investment banking, research, and sales and trading services for its clients. It manages separate client focused portfolio through its subsidiaries. Through its subsidiaries, the firm invests in equity and fixed income markets. It also invests in alternative investments markets through its subsidiaries. Cowen Group, Inc. was founded in 1994 and is based in New York, New York with additional offices in Boston, Massachusetts, Chicago, Illinois, Cleveland, Ohio, Dallas, Texas, and San Francisco, California.

664 Employees
Last Reported Date: 02/26/15
Founded in 1994

cowen group inc-class a (COWN) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $2.2M
Founder, President and Director
Total Annual Compensation: $1.5M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $900.0K
Chief Operating Officer
Total Annual Compensation: $900.0K
General Counsel and Secretary
Total Annual Compensation: $900.0K
Compensation as of Fiscal Year 2013.

cowen group inc-class a (COWN) Key Developments

Cowen Group, Inc. Appoints John Holmes as Chief Operating Officer

On February 25, 2015, Cowen Group, Inc. appointed John Holmes as Chief Operating Officer. Mr. Holmes previously served as the Company's Chief Administrative Officer. Mr. Holmes will continue to serve as a member of the Management and Operating Committees of the Company.

Cowen Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Impairment of Goodwill for the Fourth Quarter Ended December 31, 2014

Cowen Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported GAAP net income attributable to stockholders of the company of $142.5 million, or $1.21 per diluted share, as compared to $2.5 million, or $0.02 per diluted share, in the fourth quarter of 2013. Total revenue was $121.1 million against $96.3 million reported last year. Income before income taxes was $19.4 million against $5.4 million reported last year. At December 31, 2014 book value per share was $6.07 and tangible book value per share, which includes the deferred tax asset, was $5.68. The company reported economic income of $18.9 million, or $0.16 per diluted share. This compares to economic income of $2.7 million, or $0.02 per diluted share in the prior year period. Economic income revenues were $165.8 million, compared to $96.5 million in the prior year period. For the full year 2014, the company reported GAAP net income attributable to stockholders of the company of $167.2 million, or $1.40 per diluted share, as compared to $4.6 million, or $0.04 per diluted share, in the prior year. Total revenue was $427.8 million against $328.5 million reported last year. Income before income taxes was $57.8 million against $18.3 million reported a year ago. Results were achieved by focusing resources and delivering revenue opportunities derived from core mission at Cowen, helping clients outperform. The company reported economic income of $44.2 million, or $0.37 per diluted share. This compares to economic income of $6.5 million, or $0.05 per diluted share in '13. Economic income revenue was $497.6 million, compared to $343.8 million in the prior year period. For the fourth quarter of 2014, the company also reported goodwill impairment of $2.3 million.

Cowen Group, Inc., Q4 2014 Earnings Call, Feb 26, 2015

Cowen Group, Inc., Q4 2014 Earnings Call, Feb 26, 2015

 

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Industry Analysis

COWN

Industry Average

Valuation COWN Industry Range
Price/Earnings 3.8x
Price/Sales 1.7x
Price/Book 0.9x
Price/Cash Flow 3.3x
TEV/Sales NM Not Meaningful
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