Pzena Investment Management (PZN)

4.22 +0.17  +4.20%  May 31, 12:06PM Go Pro
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Pzena Investment Management Total Return Price: 4.22

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PZN Total Return Price Range, Past 5 Years

Minimum 1.469 Mar 13 2009
Maximum 17.76 Oct 25 2007
Average 6.499

About Total Return Price

Total return price is a theoretical price that helps investors look at their returns over time, accounting for both price appreciation and dividends received rather than price alone. It is the best way to calculate the actual returns on a stock over a period of time.

YCharts' total return price assumes that all dividends were reinvested and that no taxes were collected on dividend payments. This follows Center for Research in Security Prices (CRSP) methodology.

When calculating the return on an investment, an investor should look both at the changes in the value of the stock price as well as the gains from dividend payments. For example, if you buy a stock for $10, its price appreciates to $15 and it pays a $1 dividend, and you sell it, you have made $5 from the change in price and $1 from dividends. This $6 increase is your total gain, and your total return is 60%.

The total return price helps you to look backward to determine an equivalent price that you would have paid to get the same returns from a stock that paid no dividends (also adjusted for splits). Let's look at the previous example again.

Assumptions:
Price paid (1/1/01): $10.00
Closing price (12/30/01): $15.00
Dividend Paid (12/31/01): $1.00
Closing Price (12/31/01): $15.00

Your total returns for the year: $6.00 or 60%

Calculating Total Return Price:

12/31/01:
Actual Price: $15.00
Total Return Price: $15.00
The most recent total return price is always equal to the current price.

12/30/01:
Actual Price: $15.00
Total Return Price: $14.00 = $15.00 x (1-$1/$15.00)
The $1 dividend was 1/15 of the value of the stock, so if you could have received the dividend immediately after buying the stock on 12/30/01, you could have paid $14 for the stock and had a stock worth $15 because of the dividend that was paid.

1/1/01:
Actual Price: $10.00
Total Return Price: $9.33 = $10 x (1-$1/$15.00)
This is exactly like the previous problem. We received 1/15th of the stock's value on 12/30/01, so looking back we need to remove this value from the historical total returns price.
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PZN News

$PZN forms bearish &quot;Head and Shoulders Top&quot; chart pattern. http://stks.co/3fN3
about 28 days ago by RecogniaEvents
Listen to $PZN Q1 2012 earnings call - live at 10:00 AM, ondemand after - http://stks.co/3VEF
about 36 days ago by earningscast
10% Yielding Stocks With High EPS Growth + http://stks.co/3Qf5 + $YPF $TEU $STD $BMA $VE $PZN $KCAP $PMT $SFUN $SDT $ARI $BGCP $DCIX $IRS
about 41 days ago by DividendYield
These Wall St. whispers of a dividend bubble got me thinking $PSEC at 11.05% $RNO at 10.7% $MO $AIX. $PZN at 12.1%? http://stks.co/3EzC
about 56 days ago by Layney
$PZN filed latest Annual Report http://stks.co/2vYO
about 73 days ago by MarketBrief
$PZN filed latest Annual Report http://stks.co/2uhH
about 76 days ago by MarketBrief
$PZN filed latest Annual Report http://stks.co/2tDc
about 77 days ago by MarketBrief
$PZN filed latest Annual Report http://stks.co/2rOF
about 78 days ago by MarketBrief
Listen to $PZN Q4 2011 earnings call - live at 10:00 AM, ondemand after - http://stks.co/2IwD
about 113 days ago by earningscast
$PZN filed latest Quarterly Report http://stks.co/w7a
about 211 days ago by MarketBrief
Listen to Q3 $PZN earnings call - http://stks.co/nqK
about 218 days ago by earningscast
Pzena Investment falls 10.5%
Oct 13, 10:00AM FlyOnTheWall
$PZN Pzena downgraded to Sell from Neutral at Goldman
about 604 days ago by Trending123
nice break in $PZN today
about 882 days ago by elricadon
@ldrogen Before I got control in fall '07, $C , Fan, Fred were 3 biggest holding of my largest mutual fund investment at $MS in a $PZN fund
about 897 days ago by rossgreenspan
testing $pzn
about 1164 days ago by kv94014
Do you think $PZN has flagged itself yet as a screaming value?
about 1212 days ago by ericjackson
Latest assets under management report from $PZN. Some short-term headwinds, but more than priced in here. http://tinyurl.com/6
about 1263 days ago by CaleInTheKeys
Richard Pzena gets bailed out of his bad stock picks....$PZN great work Paulson Rich should have been digging ditches by now
about 1350 days ago by StockJockey
check out last hour in $PZN
about 1351 days ago by StockJockey
$PZN bustin a move...value investing, squared. Rich will likely get inflows in spite of himself.
about 1367 days ago by StockJockey

Recent Quotes

Symbol Price Chg Chg % Market Cap
PZN 4.22 +0.17 +4.20% 262.44M
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