Stock Mover of the Day: Lazard LTD (NYSE:LAZ) Institutional Investor Positioning

November 30, 2016 - By Ellis Scott   ·   0 Comments

Stock Mover of the Day: Lazard LTD (NYSE:LAZ) Institutional Investor Positioning

Sentiment for Lazard LTD (NYSE:LAZ)

Lazard LTD (NYSE:LAZ) institutional sentiment increased to 0.94 in Q2 2016. Its up 0.33, from 0.61 in 2016Q1. The ratio has improved, as 93 active investment managers started new or increased stock positions, while 153 cut down and sold their stakes in Lazard LTD. The active investment managers in our partner’s database now have: 92.84 million shares, down from 99.31 million shares in 2016Q1. Also, the number of active investment managers holding Lazard LTD in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 43 Reduced: 110 Increased: 66 New Position: 27.

Lazard Ltd is a financial advisory and asset management company. The company has a market cap of $4.88 billion. The Firm operates in two business divisions: Financial Advisory and Asset Management. It has a 12.32 P/E ratio. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients 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.

About 200 shares traded hands. Lazard Ltd (NYSE:LAZ) has risen 3.50% since April 27, 2016 and is uptrending. It has underperformed by 1.73% the S&P500.

Analysts await Lazard Ltd (NYSE:LAZ) to report earnings on February, 7. They expect $1.02 EPS, up 10.87% or $0.10 from last year’s $0.92 per share. LAZ’s profit will be $128.69 million for 9.48 P/E if the $1.02 EPS becomes a reality. After $0.85 actual EPS reported by Lazard Ltd for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

According to Zacks Investment Research, “Lazard is a preeminent international financial advisory and asset management firm that has long specialized in crafting solutions to the complex financial and strategic challenges of their clients. They serve a diverse set of clients around the world, including corporations, partnerships, institutions, governments and high-net-worth individuals.”

Ramsey Asset Management holds 3.19% of its portfolio in Lazard Ltd for 54,900 shares. Wcm Investment Management Ca owns 5.25 million shares or 2.5% of their US portfolio. Moreover, Ariel Investments Llc has 2.45% invested in the company for 6.54 million shares. The New Jersey-based Groesbeck Investment Management Corp Nj has invested 1.94% in the stock. Horan Capital Advisors Llc., a Ohio-based fund reported 78,586 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 1 insider sale for $1.42 million net activity.

Lazard Ltd (NYSE:LAZ) Ratings Coverage

Ratings analysis reveals 88% of Lazard’s analysts are positive. Out of 8 Wall Street analysts rating Lazard, 7 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $52 while the high is $64. The stock’s average target of $56.50 is 46.07% above today’s ($38.68) share price. LAZ was included in 17 notes of analysts from July 24, 2015. Sandler O’Neill upgraded the shares of LAZ in a report on Wednesday, October 7 to “Buy” rating. Argus Research maintained Lazard Ltd (NYSE:LAZ) on Friday, July 24 with “Buy” rating. The firm has “Outperform” rating by Wood given on Wednesday, October 7. On Tuesday, January 12 the stock rating was downgraded by Goldman Sachs to “Neutral”. The firm has “Positive” rating by Susquehanna given on Monday, October 5. Argus Research maintained it with “Buy” rating and $56 target price in Thursday, October 22 report. The stock has “Positive” rating given by Susquehanna on Monday, October 12. On Wednesday, November 18 the stock rating was upgraded by Raymond James to “Strong Buy”.

LAZ Company Profile

Lazard Ltd (Lazard), incorporated on October 25, 2004, is a financial advisory and asset management company. The Firm operates in two business divisions: Financial Advisory and Asset Management. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients 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. The Company’s Asset Management business segment offers a range of investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to firms, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients. The Firm operates from approximately 40 cities in key business and financial centers over 25 countries throughout North America, Europe, Asia, Australia, the Middle East, and Central and South America.

More important recent Lazard Ltd (NYSE:LAZ) news were published by: Reuters.com which released: “Lazard acquires boutique Verus to expand into Canadian advisory market” on September 14, 2016, also Streetinsider.com published article titled: “Lazard Ltd. (LAZ) to Acquire Remaining MBA Lazard Stake”, Businesswire.com published: “Lazard Ltd Reports Third-Quarter and Nine-Month 2016 Results” on October 27, 2016. More interesting news about Lazard Ltd (NYSE:LAZ) was released by: Reuters.com and their article: “MOVES- Lazard Ltd, Campbell & Co, Deutsche Bank, JP Morgan” with publication date: October 04, 2016.

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By Ellis Scott


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