Goldman Sachs Group Inc. lifted its stake in Cowen Group, Inc. (NASDAQ:COWN) by 626.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,606 shares of the financial services provider’s stock after acquiring an additional 97,963 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.37% of Cowen Group worth $1,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. American International Group Inc. increased its stake in shares of Cowen Group by 7.2% in the first quarter. American International Group Inc. now owns 15,740 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 1,051 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Cowen Group by 15.7% in the second quarter. Voya Investment Management LLC now owns 13,335 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 1,806 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Cowen Group by 9.8% in the second quarter. Teachers Advisors LLC now owns 45,204 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 4,031 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Cowen Group by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 112,803 shares of the financial services provider’s stock worth $1,687,000 after acquiring an additional 5,955 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Cowen Group by 2.3% in the second quarter. SG Americas Securities LLC now owns 311,191 shares of the financial services provider’s stock worth $5,057,000 after acquiring an additional 7,114 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on COWN. Nomura decreased their price objective on shares of Cowen Group from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. BidaskClub cut shares of Cowen Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Instinet reiterated a “neutral” rating and issued a $18.00 price objective (up from $17.00) on shares of Cowen Group in a report on Friday, August 11th.

Cowen Group (NASDAQ:COWN) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. Cowen Group had a net margin of 2.29% and a return on equity of 1.54%. The business had revenue of $182.60 million for the quarter, compared to analyst estimates of $181.96 million. During the same period last year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was up 19.0% on a year-over-year basis.

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About Cowen Group

Cowen Inc, formerly 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 private equity structures, registered investment companies and listed investment vehicles.

Institutional Ownership by Quarter for Cowen Group (NASDAQ:COWN)

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