Shares of Pzena Investment Management, Inc. (NYSE:PZN) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a 1-year consensus target price of $13.00 for the company and are expecting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Pzena Investment Management an industry rank of 105 out of 265 based on the ratings given to related companies.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Pzena Investment Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, October 25th. ValuEngine downgraded shares of Pzena Investment Management from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
Pzena Investment Management (NYSE:PZN) last issued its quarterly earnings results on Tuesday, October 17th. The asset manager reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The firm had revenue of $36.23 million for the quarter, compared to analyst estimates of $35.00 million. Pzena Investment Management had a net margin of 14.41% and a return on equity of 12.92%. Pzena Investment Management’s quarterly revenue was up 34.2% compared to the same quarter last year. analysts predict that Pzena Investment Management will post 0.6 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $0.12 dividend on an annualized basis and a yield of 1.09%. Pzena Investment Management’s payout ratio is 16.90%.
A number of hedge funds have recently added to or reduced their stakes in PZN. Trexquant Investment LP acquired a new stake in Pzena Investment Management in the 3rd quarter valued at about $160,000. Susquehanna International Group LLP acquired a new stake in shares of Pzena Investment Management during the 2nd quarter worth approximately $173,000. The Manufacturers Life Insurance Company increased its holdings in shares of Pzena Investment Management by 23.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,818 shares of the asset manager’s stock worth $191,000 after buying an additional 3,603 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Pzena Investment Management by 13.3% during the 2nd quarter. Rhumbline Advisers now owns 20,379 shares of the asset manager’s stock worth $207,000 after buying an additional 2,400 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Pzena Investment Management by 1.7% during the 2nd quarter. California State Teachers Retirement System now owns 29,955 shares of the asset manager’s stock worth $304,000 after buying an additional 500 shares during the last quarter. Institutional investors own 17.70% of the company’s stock.
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Pzena Investment Management Company Profile
Pzena Investment Management, Inc is a holding company. The Company is the sole managing member of Pzena Investment Management, LLC. Pzena Investment Management, LLC is an investment management company. The Company also serves as the general partner of Pzena Investment Management, LP. The Company offers institutional investment products to public and corporate pension funds, endowments, foundations and certain commingled vehicles geared toward institutional investors.
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