Swiss National Bank maintained its stake in shares of Cowen Group Inc. (NASDAQ:COWN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,300 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.15% of Cowen Group worth $454,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Societe Generale purchased a new stake in shares of Cowen Group during the second quarter worth approximately $197,000. Prudential Financial Inc. increased its stake in shares of Cowen Group by 1,435.9% in the first quarter. Prudential Financial Inc. now owns 185,583 shares of the company’s stock worth $707,000 after buying an additional 173,500 shares in the last quarter. North Star Investment Management Corp. increased its stake in shares of Cowen Group by 30.5% in the second quarter. North Star Investment Management Corp. now owns 481,642 shares of the company’s stock worth $1,426,000 after buying an additional 112,642 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Cowen Group by 2.4% in the first quarter. JPMorgan Chase & Co. now owns 1,782,029 shares of the company’s stock worth $6,789,000 after buying an additional 41,603 shares in the last quarter. 92.55% of the stock is currently owned by institutional investors.
Cowen Group Inc. (NASDAQ:COWN) traded up 0.704% on Tuesday, hitting $3.575. 22,499 shares of the company were exchanged. The stock’s market cap is $380.94 million. Cowen Group Inc. has a 52-week low of $2.47 and a 52-week high of $4.82. The firm has a 50 day moving average of $3.57 and a 200-day moving average of $3.38.
Cowen Group (NASDAQ:COWN) last released its earnings results on Thursday, July 28th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.12. Cowen Group had a net margin of 1.39% and a negative return on equity of 3.37%. The company earned $117.23 million during the quarter, compared to analysts’ expectations of $99.25 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Cowen Group’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts expect that Cowen Group Inc. will post ($0.12) earnings per share for the current fiscal year.
Cowen Group Company Profile
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 hedge funds, private equity structures, registered investment companies and listed investment vehicles.
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