Welcome to our dedicated page for PZN news (Ticker: PZN), a resource for investors and traders seeking the latest updates and insights on PZN stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PZN's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PZN's position in the market.
Pzena Investment Management (NYSE: PZN) reported its preliminary assets under management (AUM) for June 30, 2022, totaling $45.0 billion, a decline from $50.7 billion in May 2022 and $53.1 billion in June 2021. The firm's Separately Managed Accounts and Sub-Advised Accounts also saw reductions, down to $16.4 billion and $26.1 billion, respectively. Inflows were minimal, with $1.1 billion recorded but offset by outflows of $2.2 billion, leading to a net decline. This reflects ongoing challenges in the investment environment and market fluctuations.
Pzena Investment Management (NYSE: PZN) announced its preliminary assets under management (AUM) as of May 31, 2022. The total AUM reached $50.7 billion, a rise from $49.5 billion in April 2022, but down from $53.6 billion in May 2021. Separately Managed Accounts increased to $18.6 billion from $18.2 billion the previous month, while Sub-Advised Accounts also increased to $29.4 billion. Detailed asset performance categories and account types were provided in the press release.
Pzena Investment Management (NYSE: PZN) reported its preliminary assets under management (AUM) for April 2022, totaling $49.5 billion, a decrease from $52.8 billion in March 2022 and $50.3 billion in April 2021. The AUM breakdown includes $18.2 billion in separately managed accounts, $28.7 billion in sub-advised accounts, and $2.6 billion in Pzena Funds. Notably, the firm focused on U.S. value strategies accounted for $17.0 billion of the total AUM. Despite the decline, Pzena continues to emphasize its value-oriented investment strategy.
Pzena Investment Management (PZN) reported a diluted EPS of $0.16 for Q1 2022, down from $0.24 in Q1 2021. Revenue rose 15% year-over-year to $52.8 million, driven by increased assets under management (AUM) of $52.8 billion. Despite this growth, net income fell to $13.5 million from $19.7 million in the prior year, reflecting higher operating expenses of $26.1 million. The board declared a quarterly dividend of $0.03 per share, maintaining a targeted payout ratio of 60-70% of adjusted net income. The earnings call is scheduled for April 20, 2022.
Pzena Investment Management reported preliminary assets under management (AUM) of $52.8 billion as of March 31, 2022, a slight decrease from $53.0 billion in February 2022. The firm experienced net outflows totaling $1.7 billion in Q1 2022, with variations across account types. Separately Managed Accounts held $19.4 billion, while Sub-Advised Accounts and Pzena Funds totaled $30.7 billion and $2.7 billion, respectively. In contrast, AUM stood at $49.2 billion a year prior, showcasing an overall increase year-over-year.
Pzena Investment Management (NYSE: PZN) announced a conference call to discuss its financial results and outlook, scheduled for 10:00 a.m. ET on April 20, 2022. The call will be accessible to the public and will include a listen-only webcast available on the company's website. U.S. participants can join via phone by dialing 844-200-6205, while international callers can reach +1 929-526-1599, using access code 695982. A replay of the call will be available until May 4, 2022.
Pzena Investment Management (NYSE: PZN) reported its preliminary assets under management (AUM) for February 2022, totaling $53.1 billion, a decrease from $54.1 billion in January 2022. The AUM also shows an increase compared to $46.4 billion in February 2021. Separately Managed Accounts stood at $19.6 billion, while Sub-Advised Accounts were $30.9 billion. Despite a month-to-month decrease, PZN's year-over-year performance remains strong. The company continues to focus on value-oriented investment strategies.
Pzena Investment Management (NYSE: PZN) reported its preliminary assets under management (AUM) as of January 31, 2022. The total AUM reached $54.1 billion, a increase of $1.6 billion from December 2021's AUM of $52.5 billion. Year-over-year, the AUM grew by $11.3 billion from $42.8 billion in January 2021. Key components include $20.1 billion in Separately Managed Accounts, $31.3 billion in Sub-Advised Accounts, and $2.7 billion in Pzena Funds. This updated data highlights the firm's robust growth trajectory in asset management.
Pzena Investment Management (NYSE: PZN) reported a diluted EPS of $1.00 for the full year 2021 and $0.24 for Q4 2021. Assets under management reached $52.5 billion at the end of Q4. Revenue increased by 44% year-over-year to $199.3 million. The board declared a year-end dividend of $0.53 per share. Despite a 1.3% revenue decline from Q3 2021, Q4 revenue saw a 27.9% increase compared to Q4 2020. Operating expenses rose to $24.5 million.
Pzena Investment Management (NYSE: PZN) will hold a public conference call on February 2, 2022, at 10:00 a.m. ET to discuss its financial results and outlook. The call will be accessible via webcast and telephone. U.S. callers can dial 844-200-6205, while international callers should use 929-526-1599, entering access code 431940.
Replay of the call will be available until February 16, 2022. Pzena Investment Management, established in 1995, focuses on value-oriented investment management and serves a global client base.
FAQ
What is the market cap of PZN (PZN)?
