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

Brokerages have set a one year consensus price target of $11.00 for the company and are anticipating that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also assigned Pzena Investment Management an industry rank of 118 out of 257 based on the ratings given to its competitors.

A number of research analysts have commented on PZN shares. Zacks Investment Research raised shares of Pzena Investment Management from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, October 18th. ValuEngine raised shares of Pzena Investment Management from a “sell” rating to a “hold” rating in a research report on Saturday.

Several institutional investors have recently modified their holdings of PZN. Dimensional Fund Advisors LP grew its position in shares of Pzena Investment Management by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 435,224 shares of the asset manager’s stock worth $4,844,000 after buying an additional 31,476 shares during the last quarter. Millennium Management LLC grew its position in shares of Pzena Investment Management by 21.4% in the 1st quarter. Millennium Management LLC now owns 197,848 shares of the asset manager’s stock worth $2,202,000 after buying an additional 34,855 shares during the last quarter. Hartford Investment Management Co. purchased a new position in shares of Pzena Investment Management in the 2nd quarter worth approximately $202,000. Meeder Asset Management Inc. grew its position in shares of Pzena Investment Management by 228.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 11,370 shares of the asset manager’s stock worth $105,000 after buying an additional 7,907 shares during the last quarter. Finally, First Quadrant L P CA purchased a new position in shares of Pzena Investment Management in the 2nd quarter worth approximately $213,000. 17.44% of the stock is currently owned by hedge funds and other institutional investors.

NYSE PZN opened at $10.23 on Wednesday. The stock has a market cap of $713.94 million, a price-to-earnings ratio of 16.24 and a beta of 1.43. Pzena Investment Management has a one year low of $8.61 and a one year high of $13.15.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Tuesday, October 30th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, October 29th. Pzena Investment Management’s payout ratio is currently 19.05%.

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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