Weekly Research Analysts’ Ratings Changes for Pzena Investment Management (PZN)

A number of firms have modified their ratings and price targets on shares of Pzena Investment Management (NYSE: PZN) recently:

  • 3/7/2018 – Pzena Investment Management was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Pzena Investment Management, LLC, which will become the company’s operating company upon the consummation of the offering, is a premier value-oriented investment management firm with a record of investment excellence and exceptional client service. “
  • 3/7/2018 – Pzena Investment Management was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 3/1/2018 – Pzena Investment Management was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pzena Investment Management, LLC, which will become the company’s operating company upon the consummation of the offering, is a premier value-oriented investment management firm with a record of investment excellence and exceptional client service. “
  • 2/28/2018 – Pzena Investment Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “Pzena Investment Management, LLC, which will become the company’s operating company upon the consummation of the offering, is a premier value-oriented investment management firm with a record of investment excellence and exceptional client service. “
  • 2/20/2018 – Pzena Investment Management was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pzena Investment Management, LLC, which will become the company’s operating company upon the consummation of the offering, is a premier value-oriented investment management firm with a record of investment excellence and exceptional client service. “
  • 2/17/2018 – Pzena Investment Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Pzena Investment Management, LLC, which will become the company’s operating company upon the consummation of the offering, is a premier value-oriented investment management firm with a record of investment excellence and exceptional client service. “
  • 2/7/2018 – Pzena Investment Management was downgraded by analysts at TheStreet from a “b+” rating to a “c+” rating.

Shares of Pzena Investment Management, Inc. (NYSE:PZN) traded up $0.19 during midday trading on Friday, hitting $11.34. 22,188 shares of the stock were exchanged, compared to its average volume of 55,038. The stock has a market capitalization of $777.23, a PE ratio of 29.84 and a beta of 1.80. Pzena Investment Management, Inc. has a 1 year low of $8.25 and a 1 year high of $13.15.

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Pzena Investment Management (NYSE:PZN) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The firm had revenue of $38.91 million during the quarter, compared to analysts’ expectations of $37.51 million. Pzena Investment Management had a net margin of 4.89% and a return on equity of 12.90%. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. analysts forecast that Pzena Investment Management, Inc. will post 0.86 earnings per share for the current year.

The company also recently disclosed a special dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were paid a $0.42 dividend. The ex-dividend date was Thursday, February 15th. This is a boost from Pzena Investment Management’s previous special dividend of $0.28. This represents a dividend yield of 0.0369718309859155%. Pzena Investment Management’s dividend payout ratio is 31.58%.

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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