Pzena Investment Management Inc (NYSE:PZN) has been given a consensus 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.

Brokers have set a 1-year consensus price target of $13.00 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Pzena Investment Management an industry rank of 57 out of 265 based on the ratings given to its competitors.

PZN has been the subject of several analyst reports. Zacks Investment Research raised Pzena Investment Management from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, October 25th. ValuEngine cut Pzena Investment Management from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub raised Pzena Investment Management from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th.

Pzena Investment Management (NYSE:PZN) traded down $0.27 during trading hours on Wednesday, reaching $11.00. The company had a trading volume of 181,564 shares, compared to its average volume of 67,518. The firm has a market cap of $803.96, a PE ratio of 19.90 and a beta of 1.74. Pzena Investment Management has a 1-year low of $7.30 and a 1-year high of $12.70.

Pzena Investment Management (NYSE:PZN) last announced its quarterly earnings data on Tuesday, October 17th. The asset manager reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $36.23 million during the quarter, compared to analysts’ expectations of $35.00 million. Pzena Investment Management had a return on equity of 13.36% and a net margin of 14.41%. Pzena Investment Management’s quarterly revenue was up 34.2% compared to the same quarter last year. equities analysts forecast that Pzena Investment Management will post 0.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th will be issued a $0.03 dividend. The ex-dividend date is Thursday, October 26th. This represents a $0.12 annualized dividend and a yield of 1.09%. Pzena Investment Management’s dividend payout ratio is presently 16.90%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP acquired a new position in Pzena Investment Management in the 2nd quarter valued at $173,000. The Manufacturers Life Insurance Company increased its stake in shares of Pzena Investment Management by 23.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,818 shares of the asset manager’s stock valued at $191,000 after purchasing an additional 3,603 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Pzena Investment Management by 13.3% in the 2nd quarter. Rhumbline Advisers now owns 20,379 shares of the asset manager’s stock valued at $207,000 after purchasing an additional 2,400 shares during the last quarter. Swiss National Bank increased its stake in shares of Pzena Investment Management by 35.5% in the 1st quarter. Swiss National Bank now owns 22,900 shares of the asset manager’s stock valued at $225,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Pzena Investment Management by 190.8% in the 1st quarter. Wells Fargo & Company MN now owns 25,642 shares of the asset manager’s stock valued at $253,000 after purchasing an additional 16,823 shares during the last quarter. 17.42% of the stock is owned by hedge funds and other institutional investors.

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About Pzena Investment Management

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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