Lazard (NYSE:LAZ) Stock Rating Upgraded by Nomura

Annette Crawford
January 13, 2018

Parametric Associate invested in 57,893 shares or 0% of the stock. 565,806 shares of the company's stock traded hands, compared to its average volume of 600,358. It has underperformed by 16.70% the S&P500. The asset manager reported $0.85 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.75 by $0.10. LAZ's profit would be $99.14 million giving it 15.51 P/E if the $0.93 EPS is correct.

Analysts await Lazard Ltd (NYSE:LAZ) to report earnings on February, 1.

The stock increased 0.47% or $1.11 during the last trading session, reaching $235. Lazard Ltd (NYSE:LAZ) has risen 35.63% since January 12, 2017 and is uptrending. It has outperformed by 18.93% the S&P500. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. equities analysts forecast that Lazard will post 3.58 EPS for the current year. Therefore 28% are positive. Anthem Inc had 63 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with "Buy". The firm earned "Buy" rating on Thursday, October 22 by Argus Research. The firm has "Buy" rating by Wells Fargo given on Wednesday, January 3. 530 were reported by American Commercial Bank. The New York-based Tower Rech Cap Ltd Company (Trc) has invested 0.02% in Lazard Ltd (NYSE:LAZ). Goldman Sachs downgraded the stock to "Neutral" rating in Tuesday, January 12 report. Credit Suisse maintained Lazard Ltd (NYSE:LAZ) on Monday, April 24 with "Buy" rating. The rating was upgraded by Susquehanna to "Positive" on Monday, October 5.

Investors sentiment increased to 1.12 in Q3 2017.

A number of large investors have recently bought and sold shares of LAZ.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gsa Cap Partners Limited Liability Partnership owns 66,019 shares for 0.2% of their portfolio. Janney Montgomery Scott LLC now owns 25,979 shares of the asset manager's stock valued at $1,175,000 after acquiring an additional 1,076 shares during the period.

Boston Private Wealth LLC lowered its position in Lazard Ltd. (NYSE:LAZ) by 1.2% during the third quarter, according to its most recent 13F filing with the SEC. Schroder Investment Mngmt reported 763,400 shares. Amp Capital Invsts Limited holds 31,457 shares. Fmr accumulated 1.77M shares. Atlantic Trust Grp Lc holds 0% or 18,020 shares. Connor Clark & Lunn Mngmt Ltd reported 0% stake. Zacks Investment Research downgraded shares of Lazard from a "buy" rating to a "hold" rating in a research note on Wednesday, January 3rd. Qs Investors Llc has invested 0.01% in Lazard Ltd (NYSE:LAZ).

Shares of Lazard Ltd (NYSE LAZ) traded up $0.44 during midday trading on Friday, reaching $57.71. Gabelli Funds Limited Liability Co holds 0.08% of its portfolio in The J.M. Smucker Company (NYSE:SJM) for 134,400 shares.

Lazard Ltd (Lazard) is a financial advisory and asset management company. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients. It has a 100 P/E ratio. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The firm has "Overweight" rating given on Friday, December 9 by JP Morgan. The rating was maintained by RBC Capital Markets on Tuesday, May 30 with "Buy". The firm has "Overweight" rating given on Friday, July 8 by Piper Jaffray. The company now has an average rating of Buy and an average price target of $52.67.

Since August 7, 2017, it had 0 insider purchases, and 4 sales for $208,525 activity. 7,059 Gulfport Energy Corporation (NASDAQ:GPOR) shares with value of $85,823 were sold by Groeschel Craig. The insider Maharaj Gary R sold $128,750. It also upped Caterpillar Inc Del (NYSE:CAT) stake by 6,190 shares and now owns 19,290 shares. STEINER MELANIE sold 320 shares worth $43,838.

Investors sentiment increased to 1.12 in 2017 Q3. Its down 0.08, from 0.97 in 2017Q2. It increased, as 20 investors sold GPOR shares while 65 reduced holdings. 49 funds opened positions while 157 raised stakes. State Common Retirement Fund owns 392,255 shares or 0.02% of their USA portfolio. (NYSE:NOV) for 1.26 million shares. Canada Pension Plan Investment Board owns 44,600 shares or 0.01% of their United States portfolio. Moreover, Cornerstone Advsrs has 0.04% invested in Eaton Corporation plc (NYSE:ETN). Hillsdale Investment Management Inc. now owns 8,670 shares of the asset manager's stock valued at $402,000 after acquiring an additional 1,070 shares during the period. Bridgewater Assoc Limited Partnership reported 0.08% stake. Evanson Asset Mgmt Ltd Llc holds 23,340 shares or 0.23% of its portfolio. Sandy Spring Bank invested in 0.13% or 29,730 shares. First Trust Advisors LP has 250,097 shares. Natl Bank Of New York Mellon holds 1.87M shares., a Missouri-based fund reported 84 shares.

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