Analysts Set $11.00 Target Price for Pzena Investment Management, Inc. (PZN)

Shares of Pzena Investment Management, Inc. (NYSE:PZN) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokers have set a 1 year consensus target price of $11.00 for the company and are predicting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also given Pzena Investment Management an industry rank of 150 out of 257 based on the ratings given to related companies.

Several research firms recently commented on PZN. Zacks Investment Research raised shares of Pzena Investment Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. ValuEngine raised shares of Pzena Investment Management from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 2nd.

Shares of PZN stock opened at $10.18 on Thursday. Pzena Investment Management has a 12-month low of $8.61 and a 12-month high of $13.15. The firm has a market capitalization of $705.49 million, a PE ratio of 12.57 and a beta of 1.43.

Pzena Investment Management (NYSE:PZN) last announced its quarterly earnings results on Thursday, October 18th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Pzena Investment Management had a net margin of 6.54% and a return on equity of 16.00%. The company had revenue of $39.58 million during the quarter, compared to analyst estimates of $38.26 million. Sell-side analysts expect that Pzena Investment Management will post 0.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Tuesday, October 30th were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, October 29th. This represents a $0.12 annualized dividend and a yield of 1.18%. Pzena Investment Management’s dividend payout ratio is currently 19.05%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Pzena Investment Management by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 786,086 shares of the asset manager’s stock valued at $7,499,000 after acquiring an additional 6,968 shares in the last quarter. Renaissance Technologies LLC lifted its position in Pzena Investment Management by 8.8% in the 3rd quarter. Renaissance Technologies LLC now owns 896,300 shares of the asset manager’s stock valued at $8,551,000 after acquiring an additional 72,400 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Pzena Investment Management by 41.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 74,789 shares of the asset manager’s stock valued at $714,000 after acquiring an additional 22,043 shares in the last quarter. Royce & Associates LP lifted its position in Pzena Investment Management by 5,331.9% in the 3rd quarter. Royce & Associates LP now owns 331,343 shares of the asset manager’s stock valued at $3,161,000 after acquiring an additional 325,243 shares in the last quarter. Finally, Bridgeway Capital Management Inc. lifted its position in Pzena Investment Management by 35.0% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 71,300 shares of the asset manager’s stock valued at $680,000 after acquiring an additional 18,500 shares in the last quarter. 18.13% of the stock is currently 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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