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.
Pzena Investment Management reported its preliminary assets under management (AUM) as of December 31, 2021, totaling $52.5 billion, up from $49.8 billion in November 2021 and $43.3 billion a year ago. Separately Managed Accounts rose to $19.4 billion, while Sub-Advised Accounts increased to $30.5 billion. The firm experienced a net inflow of $1.8 billion for the fourth quarter, despite some market depreciation. The AUM growth reflects strong performance across both U.S. and Global Value Strategies, indicating positive investor sentiment.