New York State Common Retirement Fund reduced its stake in shares of Pzena Investment Management Inc (NYSE:PZN) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,400 shares of the asset manager’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Pzena Investment Management worth $116,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Morgan Stanley boosted its holdings in shares of Pzena Investment Management by 11.4% during the first quarter. Morgan Stanley now owns 141,694 shares of the asset manager’s stock worth $1,394,000 after purchasing an additional 14,512 shares during the period. Russell Investments Group Ltd. lifted its holdings in Pzena Investment Management by 84.4% in the second quarter. Russell Investments Group Ltd. now owns 295,205 shares of the asset manager’s stock worth $3,000,000 after buying an additional 135,095 shares during the period. Nationwide Fund Advisors lifted its holdings in Pzena Investment Management by 60.7% in the second quarter. Nationwide Fund Advisors now owns 157,340 shares of the asset manager’s stock worth $1,599,000 after buying an additional 59,450 shares during the period. Vanguard Group Inc. lifted its holdings in Pzena Investment Management by 0.4% in the first quarter. Vanguard Group Inc. now owns 768,039 shares of the asset manager’s stock worth $7,557,000 after buying an additional 3,265 shares during the period. Finally, Falcon Point Capital LLC lifted its holdings in Pzena Investment Management by 0.4% in the second quarter. Falcon Point Capital LLC now owns 132,272 shares of the asset manager’s stock worth $1,344,000 after buying an additional 590 shares during the period. 17.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Pzena Investment Management Inc (NYSE:PZN) traded up $0.37 on Thursday, reaching $11.35. 34,000 shares of the company’s stock traded hands, compared to its average volume of 58,093. Pzena Investment Management Inc has a twelve month low of $8.25 and a twelve month high of $12.70. The stock has a market capitalization of $752.56, a price-to-earnings ratio of 18.61 and a beta of 1.74.

Pzena Investment Management (NYSE:PZN) last issued its quarterly earnings data on Tuesday, October 17th. The asset manager reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Pzena Investment Management had a net margin of 14.41% and a return on equity of 12.92%. The business had revenue of $36.23 million during the quarter, compared to analyst estimates of $35.00 million. Pzena Investment Management’s revenue for the quarter was up 34.2% compared to the same quarter last year. equities research analysts forecast that Pzena Investment Management Inc will post 0.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, October 27th were issued a $0.03 dividend. The ex-dividend date was Thursday, October 26th. This represents a $0.12 annualized dividend and a yield of 1.06%. Pzena Investment Management’s dividend payout ratio (DPR) is presently 16.90%.

Several analysts have commented on PZN shares. Zacks Investment Research upgraded shares of Pzena Investment Management from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Tuesday, October 10th. ValuEngine lowered shares of Pzena Investment Management from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of Pzena Investment Management from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th.

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Pzena Investment Management Company Profile

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

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