Osborn Williams & Donohoe LLC increased its stake in shares of Lazard Ltd. (NYSE:LAZ) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 23,384 shares of the asset manager’s stock after buying an additional 7 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Lazard were worth $1,083,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in LAZ. CENTRAL TRUST Co boosted its position in shares of Lazard by 558.7% in the first quarter. CENTRAL TRUST Co now owns 3,537 shares of the asset manager’s stock valued at $163,000 after buying an additional 3,000 shares during the last quarter. Suntrust Banks Inc. bought a new position in shares of Lazard during the first quarter valued at $204,000. King Wealth Management Group LLC bought a new position in shares of Lazard during the first quarter valued at $207,000. Peapack Gladstone Financial Corp bought a new position in shares of Lazard during the first quarter valued at $207,000. Finally, Wedbush Securities Inc. bought a new position in shares of Lazard during the first quarter valued at $212,000. Institutional investors own 73.73% of the company’s stock.
Lazard Ltd. (NYSE LAZ) traded up 0.81% during trading on Friday, reaching $47.40. The company had a trading volume of 394,576 shares. The company has a 50-day moving average price of $45.92 and a 200 day moving average price of $44.24. Lazard Ltd. has a one year low of $32.53 and a one year high of $47.62. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 14.67 and a beta of 1.84.
Lazard (NYSE:LAZ) last posted its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The firm had revenue of $624.43 million during the quarter, compared to analyst estimates of $611.43 million. Lazard had a net margin of 17.06% and a return on equity of 36.15%. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. Analysts expect that Lazard Ltd. will post $3.39 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated a “buy” rating on shares of Lazard in a report on Tuesday, April 4th. Zacks Investment Research cut Lazard from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub upgraded Lazard from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Credit Suisse Group restated a “buy” rating and issued a $50.00 price objective on shares of Lazard in a report on Friday, April 21st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $46.89.
In other Lazard news, CFO Matthieu Bucaille sold 90,000 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $44.81, for a total value of $4,032,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Alexander F. Stern sold 65,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $44.75, for a total transaction of $2,908,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,000 shares of company stock valued at $8,521,200. Company insiders own 2.50% of the company’s stock.
Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. 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.
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