Shares of Pzena Investment Management, Inc. (NYSE:PZN) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a 1 year consensus price target of $14.00 for the company, according to Zacks. Zacks has also assigned Pzena Investment Management an industry rank of 57 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Pzena Investment Management from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, January 12th.
Pzena Investment Management (NYSE:PZN) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. The company had revenue of $38.91 million during the quarter, compared to analyst estimates of $37.51 million. Pzena Investment Management had a return on equity of 13.39% and a net margin of 4.89%. The company’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. sell-side analysts forecast that Pzena Investment Management will post 0.87 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a $0.42 dividend. The ex-dividend date is Thursday, February 15th. This is an increase from Pzena Investment Management’s previous special dividend of $0.28. This represents a dividend yield of 0.0369718309859155%. Pzena Investment Management’s dividend payout ratio is 31.58%.
Institutional investors have recently bought and sold shares of the business. Trexquant Investment LP acquired a new position in Pzena Investment Management during the third quarter worth $160,000. Susquehanna International Group LLP acquired a new position in Pzena Investment Management during the second quarter worth $173,000. The Manufacturers Life Insurance Company increased its position in Pzena Investment Management by 23.7% during the second 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 position in Pzena Investment Management by 13.3% during the second 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 position in Pzena Investment Management by 1.7% during the second 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. 17.70% of the stock is currently owned by hedge funds and other institutional investors.
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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