The fund owned 20,901 shares of the asset manager's stock after buying an additional 5,690 shares during the period. Lazard has a 52-week low of $33.48 and a 52-week high of $48.86. Zacks Investment Research lowered shares of Lazard from a "buy" rating to a "hold" rating in a report on Friday, July 28th. It has outperformed by 18.93% the S&P500. The Tradition Capital Management Llc holds 65,094 shares with $2.67 million value, up from 56,534 last quarter. The stock declined 1.25% or $0.35 reaching $27.6 per share. Insiders own 2.50% of the company's stock. The firm has a market cap of $5.48 billion, a PE ratio of 12.772 and a beta of 1.84. The stock decreased 0.75% or $0.38 on August 4, reaching $50.54. Sterling Capital Management Ltd Llc invested in 0.02% or 44,900 shares. It has underperformed by 3.50% the S&P500.
The company is now down by -2.57% since yesterday's close of $44.73. $962,004 worth of stock was sold by Miller Jeffrey Douglas on Wednesday, March 1.
Several large investors have recently bought and sold shares of the company.
Investors sentiment increased to 1.51 in 2016 Q4. Its up 0.21, from 0.94 in 2016Q3. 39 funds opened positions while 62 raised stakes. Gemmer Asset Mgmt Llc holds 0% in Highwoods Properties Inc (NYSE:HIW) or 59 shares. Thor Inds Inc (NYSE:THO) was raised too. Ranger Management Ltd Partnership reported 68,369 shares. Meristem Llp, Minnesota-based fund reported 23,260 shares. About 28,625 shares traded. Citigroup holds 34,611 shares or 0% of its portfolio. Martingale Asset Mngmt LP owns 108,900 shares. Teton Advsr invested in 101,271 shares. 3,012 are owned by Acadian Asset Mngmt Ltd Co. Exxonmobil Invest Mngmt Tx invested 0.13% in Equinix, Inc.
Lazard (NYSE:LAZ) last issued its quarterly earnings results on Thursday, July 27th. The rating was maintained by Jefferies with "Hold" on Monday, July 3. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Therefore 32% are positive.
LAZ has been the subject of several recent research reports. As per Thursday, March 30, the company rating was maintained by Deutsche Bank. The ex-dividend date of this dividend is Thursday, August 3rd. The stock was sold at an average price of $45.13, for a total transaction of $1,579,550.00. GP Strategies Corp (NYSE:GPX) has risen 8.06% since August 9, 2016 and is uptrending. The firm has "Buy" rating by Cantor Fitzgerald given on Friday, October 16. RBC Capital Markets has "Outperform" rating and $325 target. (NASDAQ:EQIX) rating on Thursday, October 29. Suntrust Banks Inc. purchased a new position in shares of Lazard during the first quarter valued at $204,000. It also upped Abbott Labs (NYSE:ABT) stake by 18,456 shares and now owns 176,762 shares.
Investors sentiment increased to 1.06 in Q4 2016. Its down 0.28, from 1.25 in 2016Q3. It is positive, as 31 investors sold LAZ shares while 81 reduced holdings. 49 funds opened positions while 80 raised stakes. (LAZ) traded up 0.612% during midday trading on Friday, hitting $43.223. Farmers Merchants Investments Inc has 358 shares. Ariel Investments Ltd Liability invested 3.14% of its portfolio in Lazard Ltd (NYSE:LAZ). California State Teachers Retirement Sys stated it has 0.02% of its portfolio in Lazard Ltd (NYSE:LAZ). Bamco Ny reported 335,725 shares. Sei Invests Company invested 0.01% in Lazard Ltd (NYSE:LAZ). M&T National Bank & Trust owns 577,475 shares. Equinix, Inc. (NASDAQ:EQIX) has risen 24.40% since August 11, 2016 and is uptrending. Moreover, Glob Thematic Prtnrs Limited Liability has 1.56% invested in Lazard Ltd (NYSE:LAZ). 26,141 are held by Parametric Portfolio Assocs Ltd Limited Liability Company. Invesco Ltd has invested 0% in Lazard Ltd (NYSE:LAZ). Emerald Advisers Pa has 42,531 shares.
Since March 1, 2017, it had 0 buys, and 5 insider sales for $10.68 million activity.
In related news, General Counsel Scott D. Hoffman sold 35,000 shares of the firm's stock in a transaction on Tuesday, May 16th. Analysts anticipate that Lazard Ltd. will post $3.60 EPS for the current fiscal year. Therefore 73% are positive.
Bank of America added the stock to its research portfolio giving it an initial rating of "Underperform". The rating was maintained by Argus Research on Thursday, October 22 with "Buy".
01/05/2017 - Lazard Ltd. had its "neutral" rating reiterated by analysts at Nomura. The firm has "Buy" rating by UBS given on Friday, February 3.
01/20/2017 - Lazard Ltd. was downgraded to "outperform" by analysts at Raymond James. Keefe, Bruyette & Woods reissued a "buy" rating and issued a $51.00 price target on shares of Lazard in a report on Tuesday, May 9th. As per Monday, October 12, the company rating was maintained by Susquehanna. ValuEngine upgraded shares of Lazard from a buy rating to a strong-buy rating in a report on Friday, July 28th. Nomura downgraded the shares of LAZ in report on Thursday, January 5 to "Neutral" rating.
JFS Wealth Advisors LLC boosted its stake in shares of Lazard by 1,759.2% in the second quarter. Finally, Reinhart Partners Inc. raised its position in shares of Lazard by 0.6% in the first quarter.
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