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Cowen Inc. (NASDAQ:COWN) has declared a quarterly cash dividend of $14.06 per share on its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock. This dividend will be payable on February 15, 2022, to shareholders recorded as of February 1, 2022. Cowen, a diversified financial services firm founded in 1918, provides various investment banking, research, and alternative investment services globally.
Cowen announced a conference call scheduled for February 16, 2022, at 9:00 AM ET to discuss financial results for the fourth quarter and full year 2021. Investors can join the call through a dedicated link on Cowen’s website and via telephone. A replay will be accessible two hours after the call. Cowen Inc. is a diversified financial services firm, offering various investment and brokerage services globally.
Cowen Inc. (NASDAQ:COWN) will host a conference call on February 16, 2022 at 9:00 AM ET to discuss its financial results for the fourth quarter and full year of 2021. The call will be accessible through a live broadcast and a replay will be available shortly after. Investors can participate by dialing a designated number with a specific passcode. Cowen, founded in 1918, provides a range of financial services, including investment banking, research, and brokerage services.
Cowen announced an increase in its share repurchase program, raising the total amount available to $50 million. This decision reflects the company's commitment to enhancing shareholder value through strategic capital allocation.
Established in 1918, Cowen offers diverse financial services including investment banking, equity and credit research, and alternative investment products. The enhancement of the share repurchase program aims to leverage the company's financial strength and confidence in future growth.
Cowen Inc. (NASDAQ: COWN) has completed its acquisition of Portico Capital Advisors, enhancing its investment banking platform in the Verticalized Software, Data, and Analytics sector. The deal, composed of 75% cash and 25% stock, is expected to boost Cowen's M&A advisory revenues by approximately 20% in fiscal 2022. Cowen's Co-President, Larry Wieseneck, expressed excitement about the strategic acquisition, noting it deepens the firm's expertise in high-growth industries. Portico will now operate under a joint Cowen-Portico brand.
Cowen Inc. (NASDAQ:COWN) announced the release of its annual report, Themes 2022, delineating key trends and insights across various sectors. Highlighted themes include Mobility, Energy Transition, and Health Care Innovation, focusing on transformative shifts in industries driven by technology and policy changes. Cowen emphasizes its commitment to ESG initiatives and the adoption of company-specific ESG scores in research reports. The report aims to provide institutional investors and corporate decision-makers with actionable insights.
Cowen Inc. has announced the acquisition of Portico Capital Advisors, a leading M&A advisory firm in the Verticalized Software, Data, and Analytics sector. This strategic move aims to enhance Cowen's investment banking capabilities and has been fueled by significant revenue growth in its M&A and Capital Markets Advisory practices, which surged to over 55% of total banking revenues. The deal, approved by both firms, involves 75% cash and 25% stock, and is expected to close in Q4 2021, increasing Cowen’s M&A advisory revenues by approximately 20% in FY 2022.
Cowen Inc. (NASDAQ:COWN) announced a quarterly cash dividend of $14.06 per share on its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on November 15, 2021, to shareholders on record as of the close on November 1, 2021.
This declaration underscores Cowen's commitment to returning value to shareholders while maintaining its focus on diversified financial services.
Cowen reported a robust 3Q21, achieving GAAP Net Income of $36.1 million, or $1.10 per diluted share, marking a 94% increase year-over-year. Economic Operating Income also surged by 16% to $43.3 million, or $1.32 per diluted share. Investment banking revenues reached a record $273.5 million, contributing to a 28% revenue increase to $412.2 million. The company repurchased shares worth $52.4 million and declared a quarterly cash dividend of $0.10 per share, further reinforcing its commitment to returning value to shareholders.
Cowen Inc. (NASDAQ:COWN) announced the appointment of William Prager as Managing Director and Head of ETF Trading, effective immediately. Prager, an industry veteran with over two decades of experience, previously held a similar role at Barclays Capital. His expertise is expected to enhance Cowen's ETF trading capabilities. Dan Charney, Co-President, expressed confidence that Prager’s deep industry relationships will aid in launching new strategies that meet client demands. Cowen, founded in 1918, operates as a diversified financial services firm with a strong focus on investment banking and management.
