Northern Trust Corp Decreases Position in Pzena Investment Management, Inc. (NYSE:PZN)

Northern Trust Corp cut its holdings in Pzena Investment Management, Inc. (NYSE:PZN) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,555 shares of the asset manager’s stock after selling 3,804 shares during the period. Northern Trust Corp owned about 0.33% of Pzena Investment Management worth $1,977,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in Pzena Investment Management by 1.7% in the 3rd 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. Renaissance Technologies LLC boosted its stake in shares of Pzena Investment Management by 8.8% during the 3rd quarter. Renaissance Technologies LLC now owns 896,300 shares of the asset manager’s stock worth $8,551,000 after acquiring an additional 72,400 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Pzena Investment Management by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 786,086 shares of the asset manager’s stock worth $7,499,000 after acquiring an additional 6,968 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Pzena Investment Management by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 786,086 shares of the asset manager’s stock worth $7,499,000 after acquiring an additional 6,968 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Pzena Investment Management by 119.8% during the 4th quarter. Royce & Associates LP now owns 728,252 shares of the asset manager’s stock worth $6,299,000 after acquiring an additional 396,909 shares in the last quarter. Institutional investors own 16.86% of the company’s stock.

Shares of NYSE:PZN traded up $0.02 during trading on Wednesday, hitting $9.49. 36,400 shares of the stock were exchanged, compared to its average volume of 60,244. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.90 and a quick ratio of 2.90. Pzena Investment Management, Inc. has a 12-month low of $7.36 and a 12-month high of $10.48. The firm has a market capitalization of $671.45 million, a price-to-earnings ratio of 12.32 and a beta of 1.24.

Pzena Investment Management (NYSE:PZN) last issued its quarterly earnings data on Wednesday, April 17th. The asset manager reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Pzena Investment Management had a return on equity of 14.74% and a net margin of 8.81%. The firm had revenue of $37.41 million during the quarter, compared to the consensus estimate of $33.87 million. On average, equities analysts anticipate that Pzena Investment Management, Inc. will post 0.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Tuesday, April 30th were given a dividend of $0.03 per share. The ex-dividend date was Monday, April 29th. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. Pzena Investment Management’s dividend payout ratio is currently 15.58%.

Several brokerages have recently commented on PZN. ValuEngine raised Pzena Investment Management from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Zacks Investment Research raised Pzena Investment Management from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Thursday, April 18th.

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Pzena Investment Management 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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Institutional Ownership by Quarter for Pzena Investment Management (NYSE:PZN)

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