Pzena Investment Management, Inc. (NYSE:PZN) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Analysts have set a one year consensus target price of $14.00 for the company and are anticipating that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Pzena Investment Management an industry rank of 189 out of 265 based on the ratings given to related companies.
A number of brokerages have recently weighed in on PZN. Zacks Investment Research lowered Pzena Investment Management from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. ValuEngine raised Pzena Investment Management from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, TheStreet lowered Pzena Investment Management from a “b+” rating to a “c+” rating in a research report on Wednesday, February 7th.
Pzena Investment Management (NYSE:PZN) last issued its earnings results on Tuesday, February 6th. The asset manager reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Pzena Investment Management had a return on equity of 12.90% and a net margin of 4.89%. The company had revenue of $38.91 million for the quarter, compared to analyst estimates of $37.51 million. During the same period in the prior year, the firm earned $0.15 earnings per share. Pzena Investment Management’s revenue for the quarter was up 33.8% on a year-over-year basis. sell-side analysts anticipate that Pzena Investment Management will post 0.86 EPS for the current fiscal year.
The business also recently declared a special dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were given a $0.42 dividend. This is a positive change from Pzena Investment Management’s previous special dividend of $0.28. This represents a yield of 0.0369718309859155%. The ex-dividend date of this dividend was Thursday, February 15th. Pzena Investment Management’s dividend payout ratio is presently 31.58%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Pzena Investment Management by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 384,262 shares of the asset manager’s stock valued at $4,185,000 after buying an additional 11,181 shares during the last quarter. Russell Investments Group Ltd. raised its position in Pzena Investment Management by 14.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 339,160 shares of the asset manager’s stock valued at $3,693,000 after buying an additional 43,955 shares during the last quarter. Northern Trust Corp raised its position in Pzena Investment Management by 18.1% in the 2nd quarter. Northern Trust Corp now owns 223,334 shares of the asset manager’s stock valued at $2,269,000 after buying an additional 34,160 shares during the last quarter. Vanguard Group Inc. raised its position in Pzena Investment Management by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 786,395 shares of the asset manager’s stock valued at $7,990,000 after buying an additional 18,356 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new stake in Pzena Investment Management in the 4th quarter valued at $337,000. 17.63% of the stock is owned by institutional investors and hedge funds.
Pzena Investment Management Company Profile
Pzena Investment Management, Inc is a publicly owned investment manager. The firm manages equity mutual funds for its clients. It invests in the public equity markets. Pzena Investment Management, Inc was founded in 2007 and is based in New York City with additional offices in Melbourne, Australia and London, United Kingdom.
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