361 Capital LLC Acquires Shares of 84,840 Lazard Ltd. (LAZ)

361 Capital LLC acquired a new position in Lazard Ltd. (NYSE:LAZ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 84,840 shares of the asset manager’s stock, valued at approximately $3,931,000. 361 Capital LLC owned about 0.07% of Lazard as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Lazard by 18.4% in the second quarter. The Manufacturers Life Insurance Company now owns 4,843 shares of the asset manager’s stock worth $225,000 after purchasing an additional 753 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Lazard in the second quarter worth about $547,000. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Lazard by 1.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 489,720 shares of the asset manager’s stock worth $22,688,000 after purchasing an additional 4,616 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of Lazard by 75.0% in the second quarter. Peapack Gladstone Financial Corp now owns 7,885 shares of the asset manager’s stock worth $365,000 after purchasing an additional 3,380 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Lazard by 277.4% in the second quarter. Janus Henderson Group PLC now owns 148,154 shares of the asset manager’s stock worth $6,863,000 after purchasing an additional 108,900 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “361 Capital LLC Acquires Shares of 84,840 Lazard Ltd. (LAZ)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/361-capital-llc-acquires-shares-of-84840-lazard-ltd-laz.html.

Shares of Lazard Ltd. (NYSE LAZ) traded up 0.62% during mid-day trading on Tuesday, reaching $45.09. The company’s stock had a trading volume of 81,713 shares. Lazard Ltd. has a 1-year low of $33.48 and a 1-year high of $48.86. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 12.77 and a beta of 1.85. The company’s 50 day moving average price is $43.06 and its 200-day moving average price is $44.67.

Lazard (NYSE:LAZ) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $720.16 million for the quarter, compared to analysts’ expectations of $627.12 million. Lazard had a return on equity of 39.33% and a net margin of 17.39%. The company’s revenue was up 32.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Analysts predict that Lazard Ltd. will post $3.53 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. ValuEngine cut Lazard from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 3rd. BidaskClub cut Lazard from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research cut Lazard from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Five equities resear

Several other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Lazard by 18.4% in the second quarter. The Manufacturers Life Insurance Company now owns 4,843 shares of the asset manager’s stock worth $225,000 after purchasing an additional 753 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Lazard in the second quarter worth about $547,000. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Lazard by 1.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 489,720 shares of the asset manager’s stock worth $22,688,000 after purchasing an additional 4,616 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of Lazard by 75.0% in the second quarter. Peapack Gladstone Financial Corp now owns 7,885 shares of the asset manager’s stock worth $365,000 after purchasing an additional 3,380 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Lazard by 277.4% in the second quarter. Janus Henderson Group PLC now owns 148,154 shares of the asset manager’s stock worth $6,863,000 after purchasing an additional 108,900 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “361 Capital LLC Acquires Shares of 84,840 Lazard Ltd. (LAZ)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/361-capital-llc-acquires-shares-of-84840-lazard-ltd-laz.html.

Shares of Lazard Ltd. (NYSE LAZ) traded up 0.62% during mid-day trading on Tuesday, reaching $45.09. The company’s stock had a trading volume of 81,713 shares. Lazard Ltd. has a 1-year low of $33.48 and a 1-year high of $48.86. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 12.77 and a beta of 1.85. The company’s 50 day moving average price is $43.06 and its 200-day moving average price is $44.67.

Lazard (NYSE:LAZ) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $720.16 million for the quarter, compared to analysts’ expectations of $627.12 million. Lazard had a return on equity of 39.33% and a net margin of 17.39%. The company’s revenue was up 32.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Analysts predict that Lazard Ltd. will post $3.53 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. ValuEngine cut Lazard from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 3rd. BidaskClub cut Lazard from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research cut Lazard from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $46.43.

About Lazard

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.

Institutional Ownership by Quarter for Lazard (NYSE:LAZ)

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