Pzena Investment Management, Inc. (NYSE:PZN) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Analysts have set a 1 year consensus price objective of $9.50 for the company and are anticipating that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Pzena Investment Management an industry rank of 36 out of 256 based on the ratings given to its competitors.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Pzena Investment Management from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine downgraded shares of Pzena Investment Management from a “hold” rating to a “sell” rating in a research note on Monday, March 11th.
Shares of Pzena Investment Management stock traded up $0.04 on Friday, reaching $9.57. The company had a trading volume of 87 shares, compared to its average volume of 54,609. The company has a market capitalization of $683.42 million, a price-to-earnings ratio of 12.30 and a beta of 1.24. Pzena Investment Management has a 52-week low of $7.36 and a 52-week high of $10.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.90 and a current ratio of 2.90.
Pzena Investment Management (NYSE:PZN) last released its quarterly earnings results on Wednesday, April 17th. The asset manager reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $37.41 million for the quarter, compared to the consensus estimate of $33.87 million. Pzena Investment Management had a net margin of 8.81% and a return on equity of 14.74%. Equities analysts expect that Pzena Investment Management will post 0.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Tuesday, April 30th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, April 29th. Pzena Investment Management’s dividend payout ratio (DPR) is currently 15.58%.
Several hedge funds have recently made changes to their positions in PZN. BlackRock Inc. grew its holdings in shares of Pzena Investment Management by 1.7% in the third quarter. BlackRock Inc. now owns 956,244 shares of the asset manager’s stock valued at $9,123,000 after purchasing an additional 15,800 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Pzena Investment Management by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 464,388 shares of the asset manager’s stock valued at $4,430,000 after purchasing an additional 18,173 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Pzena Investment Management by 0.9% in the third quarter. Vanguard Group Inc. now owns 786,086 shares of the asset manager’s stock valued at $7,499,000 after purchasing an additional 6,968 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Pzena Investment Management by 0.9% in the third quarter. Vanguard Group Inc now owns 786,086 shares of the asset manager’s stock valued at $7,499,000 after purchasing an additional 6,968 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Pzena Investment Management by 11.7% in the fourth quarter. Meeder Asset Management Inc. now owns 20,078 shares of the asset manager’s stock valued at $174,000 after purchasing an additional 2,106 shares in the last quarter. Hedge funds and other institutional investors own 16.86% of the company’s stock.
About Pzena Investment Management
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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