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Cowen (COWN) Company Profile

Updated May 14, 2020
Cowen has the following business profile:
Company's Full Name:Cowen Group, Inc.
Short Name:Cowen
Trading Ticker Symbol:COWN
Primary Exchange:NASDAQ
Headquarter City/Country:New York, NY
Primary Industry Sector:Finance
Seconday Sub-sector:Investment Bankers and Brokers
Main Business Areas: Finance, Investment Bankers and Brokers, Financial Services, Capital Markets
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Cowen stock

Market and Trading Information for Cowen

The following details were available for trading and market data about the stock of Cowen as of writing:
Current Share Price:$11.36
Previous Year's Closing Price:$15.75
Percentage Price Change (YTD):-27.87%
Market Cap:$314.54 million
52-week Price Range:$5.75 - $18.36
Dividend Per Share:$0.04
EPS (TTM):-0.07
Price-Earnings (Trailing):0
Price-Earnings (Forward):3.64

Company Profile and Business Description for Cowen

Cowen Group, Inc., incorporated on June 1, 2009, is a financial services company. The Company provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. The Company operates through two segments: alternative investment and broker-dealer. The alternative investment segment includes hedge funds, private equity structures, registered investment companies and listed investment vehicles. The broker-dealer segment offers industry focused investment banking for growth-oriented companies, including advisory and global capital markets origination and domain knowledge-driven research, and a sales and trading platform for institutional investors. The Company's alternative investment platform, which operates under the Ramius name, offers investment products and solutions across the liquidity spectrum to institutional and private clients. Ramius offers investors access to strategies to meet their specific needs, including long/short equity, activist equity, event driven equity, event driven credit, global macro, customized portfolio solutions, managed futures, healthcare royalties and private real estate.

Alternative Investment Products and Services

The Company's hedge fund strategies are focused on addressing the needs of institutional investors and high net worth individuals to preserve and grow allocated capital. The Company and its affiliates manage a range of single strategy vehicles, including merger arbitrage, long/short equity, consumer based long/short equity, activism and fundamental global macro. The Company and its affiliates also manage certain multi-strategy hedge funds. The majority of assets remaining in these funds include private investments in public companies, investments in private companies, real estate investments and special situations.

The Company's managed futures fund business serves as investment advisor to various commodity pools, including the State Street/Ramius Managed Futures Strategy Fund, a mutual fund advised by Ramius Trading Strategies LLC and sub-advised by SSgA Funds Management Inc. that offers the United States investors access to a multi-manager strategy that seeks to capture returns tied to a combination of global macroeconomic trends in the commodity futures and financial futures markets and interest income and capital appreciation. The State Street/Ramius Managed Futures Strategy Fund seeks to offer investors access to returns with low correlation to the public equity and debt markets by allocating capital to various third party commodity trading advisors that pursue a managed futures strategy in a managed account format.

The Company's real estate business focuses on generating attractive, risk adjusted returns by using an owner/manager approach to underwriting, structuring, financing and redevelopment of all real estate property types. This approach emphasizes a focus on real estate fundamentals and potential market inefficiencies. The RCG Longview platform provides senior bridge loans, subordinated mortgages, mezzanine loans and preferred equity through its debt fund series, and makes equity investments through its equity funds. The Company's healthcare royalties business primarily purchases royalties and uses debt-like structures to invest in commercial or near-commercial stage life science assets (through the funds managed by HealthCare Royalty Partners (HRP) (the HRP Funds)). It shares the net management fees from the HRP Funds equally with the founders of the HRP Funds. In addition, it has interests in the general partners of the HRP Funds ranging from 20% to 40.2%.

Broker-Dealer Business

The Company's broker-dealer segment's businesses include research, sales and trading and investment banking services to companies and institutional investor clients in its target sectors (Target Sectors), which include healthcare, technology, media and telecommunications, information and technology services, consumer, aerospace and defense, industrials, real estate investment trusts (REITs), energy and transportation. As of December 31, 2016, it provided research and brokerage services to over 1,000 domestic and international clients seeking to trade securities in its target sectors. The broker-dealer segment also offers service suite of introduced prime brokerage services targeting emerging hedge fund managers. It is focused on its investment banking efforts on small to mid-capitalization public companies as well as private companies.

The Company's investment banking professionals are focused on providing strategic advisory and capital raising services to the United States and international public and private companies in its Target Sectors. Its advisory business focuses on mergers and acquisitions, including providing fairness opinions and providing advice on other strategic transactions. Its capital markets capabilities include equity, including private investments in public equity and registered direct offerings, credit and fixed income, including public and private debt placements, exchange offers, consent solicitations and tender offers, as well as origination and distribution capabilities for convertible securities.

The Company trades common stocks, listed options equity-linked securities and other financial instruments on behalf of its clients. It offers a range if service suite of introduced prime brokerage services targeting emerging hedge fund managers. It also provides its clients with an electronic execution suite. It provides global, multi-asset class algorithmic execution trading models to both buy side and sell side clients, and also offers execution capabilities relating to these trading models through ATM Execution LLC (ATM Execution).

599 Lexington Ave Fl 20

ETFs Holding Cowen Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Cowen stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Cowen stock holding. There are a total of 32 ETFs in Fknol.com records which are holding Cowen stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
Quarterly
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
SCHBSchwab US Broad Market ETFThe Schwab U.S. Broad Market ETF tracks a cap-weighted index of the largest 2,500 stocks in the US. ...Full Details0.03%2365
Full List
Quarterly
VFHVanguard Financials ETFThe Vanguard Financials ETF tracks the performance of the MSCI US Investable Market Financials 25/50 Index, which includes the financial stocks of the top 98% of US market by capitalization. ...Full Details0.1%408
Full List
Quarterly
VTHRVanguard Russell 3000 ETFThe Vanguard Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum including micro-caps. ...Full Details0.15%1581
Full List
Quarterly
VTIVanguard Total Stock Market ETFThe Vanguard Total Stock Market ETF tracks a cap-weighted index that measures the investable US equities market, encompassing the entire market-cap spectrum. ...Full Details ...Candlestick Patterns.0.04%1515
Full List
Quarterly
CSMLIQ Chaikin US Small Cap ETFThe IQ Chaikin U.S. Small Cap ETF tracks an equal-weighted index of small US companies selected by value, growth, technical, and sentiment factors. ...Full Details0.35%212
Full List
Quarterly
EESWisdomTree US SmallCap Earnings ETFThe WisdomTree U.S. SmallCap Earnings Fund tracks an index of US small-cap stocks weighted by firms' earnings from core operations. The index is a small-cap subset of the WisdomTree Earnings Index. ...Full Details0.38%815
Full List
Quarterly

See Full List of ETFs holding Cowen stock in their respective portfolios.

Peer / Competitor Companies of Investment Bankers and Brokers Sector

Along with Cowen Group, Inc., the following other peer (competitor) companies also exist within the same Investment Bankers and Brokers - Finance sector whose company profile and dividend history is as follows:

▶ Associated Capital (AC): Associated Capital Group, Inc., incorporated on April 15, 2015, is a parent operating company for the spin-off of GAMCO Investors, Inc.s (GAMCOs) alternative investment management business, institutional research services operations ....See Detailed Company Profile,  Dividend History

▶ BGC Partners (BGCP): BGC Partners, Inc. (BGC), incorporated on June 3, 1999, is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and ....See Detailed Company Profile,  Dividend History

▶ BlackRock (BLK): BlackRock, Inc. (BlackRock), incorporated on February 13, 2006, is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its ....See Detailed Company Profile,  Dividend History

▶ Charles Schwab (SCHW): The Charles Schwab Corporation (CSC), incorporated on November 25, 1986, is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

▶ China Finance Online (JRJC): China Finance Online Co. Limited, incorporated on November 2, 1998, is a Web-based financial services company in China. The Company provides Chinese retail investors with online access to securities and ....See Detailed Company Profile,  Dividend History

▶ CME (CME): CME Group Inc., incorporated on August 2, 2001, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, ....See Detailed Company Profile,  Dividend History

▶ Credit Suisse (CS): Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Glob....See Detailed Company Profile,  Dividend History

▶ Euronet Worldwide (EEFT): Euronet Worldwide, Inc. (Euronet), incorporated on December 13, 1996, is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers ....See Detailed Company Profile,  Dividend History

▶ GAIN Capital (GCAP): GAIN Capital Holdings, Inc. (GAIN), incorporated on March 24, 2006, is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Companys segments include Retail ....See Detailed Company Profile,  Dividend History

▶ Gamco Investors (GBL): GAMCO Investors, Inc. is a publicly owned holding investment manager. The firm also provides wealth management, investment advisory, institutional research, brokerage, dealer, underwriting, and distri....See Detailed Company Profile,  Dividend History

▶ Goldman Sachs (GS): The Goldman Sachs Group, Inc., incorporated on July 21, 1998, is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

▶ Greenhill and Co. (GHL): Greenhill & Co., Inc., incorporated on March 10, 2004, is an investment bank. The Company provides financial and strategic advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, ....See Detailed Company Profile,  Dividend History

▶ Interactive Brokers (IBKR): Interactive Brokers Group, Inc. (IBG, Inc.), incorporated on November 14, 2006, is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, ....See Detailed Company Profile,  Dividend History

▶ Intercontinental Exchange (ICE): Intercontinental Exchange, Inc., incorporated on March 6, 2013, is an operator of regulated exchanges, clearing houses and listings venues. The Company provides data services for commodity and financial markets. The ....See Detailed Company Profile,  Dividend History

▶ INTL FCStone (INTL): INTL FCStone Inc., incorporated on October 26, 1987, is a financial services organization. The Company provides financial products, and advisory and execution service. The Company operates through five segments: Commercial ....See Detailed Company Profile,  Dividend History

▶ JMP LLC (JMP): JMP Group, Inc., incorporated on July 26, 2004, is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income ....See Detailed Company Profile,  Dividend History

▶ Ladenburg Thalmann Financial (LTS): Ladenburg Thalmann Financial Services Inc., incorporated on February 5, 1996, is a financial services company engaged in independent brokerage and advisory services, investment banking, equity research, institutional sales and trading, ....See Detailed Company Profile,  Dividend History

▶ LPL Financial (LPLA): LPL Financial Holdings Inc., incorporated on October 25, 2005, is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a ....See Detailed Company Profile,  Dividend History

▶ MarketAxess (MKTX): MarketAxess Holdings Inc., incorporated on April 11, 2000, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its ....See Detailed Company Profile,  Dividend History

▶ Morgan Stanley (MS): Morgan Stanley, incorporated on October 1, 1981, is a financial holding company. The Company is engaged in global financial services. The Company, through its subsidiaries and affiliates, advises, and originates, ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

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