Cowen Q3 Adj EPS $0.76 Beats $0.69 Estimate, Adj Sales $340.80M Beat $295.61M Estimate

10/28/22 7:03:41 AM ET

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Cowen (NASDAQ:COWN) reported quarterly adjusted earnings of $0.76 per share which beat the analyst consensus estimate of $0.69 by 10.14 percent. This is a 42.42 percent decrease over earnings of $1.32 per share from the same period last year. The company reported quarterly adjusted sales of $340.80 million which beat the analyst consensus estimate of $295.61 million by 15.29 percent. This is a 5.08 percent decrease over sales of $359.06 million the same period last year.

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Date	Price Target	Rating	Analyst
9/21/2021	$35.00	Sell	Goldman Sachs

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Forge Global Appoints Capital Markets Veteran Larry Leibowitz to its Board of Directors
Forge Global Holdings, Inc. (NYSE:FRGE) ("Forge"), a global private securities marketplace, announced today the appointment of Larry Leibowitz to its Board of Directors, as well as its Compensation Committee. Mr. Leibowitz brings to Forge decades of entrepreneurial and corporate leadership experience in capital markets, financial technology and asset management. He is currently the CEO of Entrypoint Capital, a quantitative investment management firm, and has also held executive and board positions at a myriad of other companies in the financial services and investment sectors, including as the Chief Operating Officer, Head of Global Equities Markets, and Member of the Board of Directors o
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Cowen Announces Mandatory Conversion of Series A Preferred Stock
NEW YORK, March 01, 2023 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) ("Cowen" or the "Company") today announced that TD Bank Group has completed the acquisition of Cowen. In connection with the completion of the acquisition, Cowen has elected to cause all outstanding shares of its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock ("Series A Preferred Stock") to be automatically converted (the "Mandatory Conversion") at a conversion rate of 39.4664, to be settled in cash for $1,539.19 per share of Series A Preferred Stock, in accordance with the certificate of designations of the Series A Preferred Stock (the "Certificate of Designations"); provided that the Mandatory Conve
3/1/23 8:51:47 AM ET
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TD completes acquisition of Cowen Inc.
Deal accelerates U.S. growth of TD Securities TORONTO and NEW YORK, March 1, 2023 /PRNewswire/ - TD Bank Group ("TD") (TSX:TD) (NYSE:TD) and Cowen Inc. ("Cowen") (NASDAQ:COWN) today announce that TD has completed the acquisition of Cowen. "We are very pleased to welcome Cowen to TD. Together, with greater scale, broader capabilities and deeper resources, we will continue to serve clients with excellence and accelerate the growth of TD Securities," said Bharat Masrani, Group President and Chief Executive Officer, TD Bank Group. The acquisition advances TD Securities' long-term growth strategy in the United States and adds highly complementary products and services to TD Securities' existing
3/1/23 8:45:00 AM ET
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Forge Global Appoints Capital Markets Veteran Larry Leibowitz to its Board of Directors
Forge Global Holdings, Inc. (NYSE:FRGE) ("Forge"), a global private securities marketplace, announced today the appointment of Larry Leibowitz to its Board of Directors, as well as its Compensation Committee. Mr. Leibowitz brings to Forge decades of entrepreneurial and corporate leadership experience in capital markets, financial technology and asset management. He is currently the CEO of Entrypoint Capital, a quantitative investment management firm, and has also held executive and board positions at a myriad of other companies in the financial services and investment sectors, including as the Chief Operating Officer, Head of Global Equities Markets, and Member of the Board of Directors o
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Cowen Strengthens Equity Capital Markets Team With the Appointment of Brian Hagerty as Managing Director, Biotechnology
NEW YORK , Feb. 28, 2022 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) ("Cowen" or the "Company") today announced that Brian Hagerty has joined the company's Equity Capital Markets team as a Managing Director focused on biotechnology. Mr. Hagerty will be based in New York and report to Grant Miller, Managing Director and Head of Capital Markets, and will work closely with Cowen's Senior Healthcare Capital Markets team of Managing Directors, Mariel Healy, and Michael Campbell. "We are thrilled to welcome Brian to Cowen's long-tenured Healthcare Capital Markets team, especially at this time when experience is paramount as we advise our clients through the current landscape," said Mr. Miller.
2/28/22 7:45:00 AM ET
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Cowen Appoints Lorence Kim as New Independent Board Director
NEW YORK, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) ("Cowen" or the "Company") is pleased to announce that Lorence Kim, M.D., has been appointed to its Board of Directors, effective February 15, 2022. The appointment will increase the size of Cowen's Board to nine members. "With his background in both health care and finance, Lorence is a tremendous addition to our Board," said Jeffrey M. Solomon, Chair and Chief Executive Officer of Cowen. "As a well-respected member of the biotech community, Lorence brings his valuable operating experience and detailed understanding of a very important industry for us at Cowen. We look forward to his perspectives and expertise as we con
2/15/22 4:00:00 PM ET
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TD Receives Regulatory Approval To Acquire Cowen Inc.; Expects The Acquisition To Close On March 1, 2023; Financial Terms Not Disclosed
TD Bank Group ("TD") (TSX:TD) (NYSE:TD) and Cowen Inc. ("Cowen") (NASDAQ:COWN) today announced they have received all regulatory approvals required under their merger agreement to complete TD's acquisition of Cowen. With this step completed, TD expects the acquisition to close on March 1, 2023, subject to the satisfaction of other customary closing conditions. Cowen provides highly complementary strengths to TD Securities' existing businesses. When finalized, the acquisition will add new capabilities in U.S. equities, including a strong sales, trading and execution platform as well as a renowned global research platform. Cowen also adds scale and expertise in industry coverage, middle-marke
2/24/23 8:46:47 AM ET
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Earnings Scheduled For February 17, 2023
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2/17/23 9:27:45 AM ET
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Cowen Q4 dj EPS $0.29 Misses $0.50 Estimate, Sales $371.70M Beat $342.86M Estimate
Cowen (NASDAQ:COWN) reported quarterly earnings of $0.29 per share which missed the analyst consensus estimate of $0.50 by 42 percent. This is a 89.53 percent decrease over earnings of $2.77 per share from the same period last year. The company reported quarterly sales of $371.70 million which beat the analyst consensus estimate of $342.86 million by 8.41 percent. This is a 18.13 percent decrease over sales of $453.99 million the same period last year.
2/17/23 7:03:29 AM ET
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Cowen Announces Mandatory Conversion of Series A Preferred Stock
NEW YORK, March 01, 2023 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) ("Cowen" or the "Company") today announced that TD Bank Group has completed the acquisition of Cowen. In connection with the completion of the acquisition, Cowen has elected to cause all outstanding shares of its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock ("Series A Preferred Stock") to be automatically converted (the "Mandatory Conversion") at a conversion rate of 39.4664, to be settled in cash for $1,539.19 per share of Series A Preferred Stock, in accordance with the certificate of designations of the Series A Preferred Stock (the "Certificate of Designations"); provided that the Mandatory Conve
3/1/23 8:51:47 AM ET
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TD completes acquisition of Cowen Inc.
Deal accelerates U.S. growth of TD Securities TORONTO and NEW YORK, March 1, 2023 /PRNewswire/ - TD Bank Group ("TD") (TSX:TD) (NYSE:TD) and Cowen Inc. ("Cowen") (NASDAQ:COWN) today announce that TD has completed the acquisition of Cowen. "We are very pleased to welcome Cowen to TD. Together, with greater scale, broader capabilities and deeper resources, we will continue to serve clients with excellence and accelerate the growth of TD Securities," said Bharat Masrani, Group President and Chief Executive Officer, TD Bank Group. The acquisition advances TD Securities' long-term growth strategy in the United States and adds highly complementary products and services to TD Securities' existing
3/1/23 8:45:00 AM ET
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Cowen Announces Financial Results for Full Year 2022
Reports 4Q22 GAAP Net Income to common stockholders of $11.2 million, or $0.34 per diluted shareEconomic Operating Income of $9.6 million, or $0.29 per diluted share (Non-GAAP) NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) ("Cowen" or "the Company") today announced its operating results for the fourth quarter and full year ended December 31, 2022. Announced Transaction On August 2, 2022, TD Bank Group ("TD") and Cowen announced a definitive agreement for TD to acquire Cowen in an all-cash transaction valued at approximately $1.3 billion, or $39 for each Class A common share of Cowen. The transaction remains on track to close i
2/17/23 7:00:00 AM ET
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Cowen Q3 Adj EPS $0.76 Beats $0.69 Estimate, Adj Sales $340.80M Beat $295.61M Estimate

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Recent Analyst Ratings for $COWN

$COWN Press Releases

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Forge Global Appoints Capital Markets Veteran Larry Leibowitz to its Board of Directors

Cowen Announces Mandatory Conversion of Series A Preferred Stock

TD completes acquisition of Cowen Inc.

$COWN Analyst Ratings

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Goldman Sachs initiated coverage on Cowen with a new price target

Cowen upgraded by Compass Point

Cowen Group upgraded by Compass Point with a new price target

$COWN Insider Trading

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SEC Form 4: Kotler Steven returned $2,841,033 worth of shares to the company (72,847 units at $39.00), closing all direct ownership in the company

SEC Form 4: Rediker Douglas returned $2,822,976 worth of shares to the company (72,384 units at $39.00), closing all direct ownership in the company

SEC Form 4: Leibowitz Lawrence E returned $1,953,822 worth of shares to the company (50,098 units at $39.00), closing all direct ownership in the company

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Forge Global Appoints Capital Markets Veteran Larry Leibowitz to its Board of Directors

Cowen Strengthens Equity Capital Markets Team With the Appointment of Brian Hagerty as Managing Director, Biotechnology

Cowen Appoints Lorence Kim as New Independent Board Director

SEC Form 15-12G filed by Cowen Inc.

SEC Form S-8 POS filed by Cowen Inc.

TD Receives Regulatory Approval To Acquire Cowen Inc.; Expects The Acquisition To Close On March 1, 2023; Financial Terms Not Disclosed

Earnings Scheduled For February 17, 2023

Cowen Q4 dj EPS $0.29 Misses $0.50 Estimate, Sales $371.70M Beat $342.86M Estimate

Cowen Announces Mandatory Conversion of Series A Preferred Stock

TD completes acquisition of Cowen Inc.

Cowen Announces Financial Results for Full Year 2022

$COWN Large Ownership Changes

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SEC Form SC 13G/A filed by Cowen Inc. (Amendment)

SEC Form SC 13G/A filed by Cowen Inc. (Amendment)

SEC Form SC 13G/A filed by Cowen Inc. (Amendment)

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