Traders bought shares of Lazard Ltd (NYSE:LAZ) on weakness during trading hours on Thursday. $36.93 million flowed into the stock on the tick-up and $5.99 million flowed out of the stock on the tick-down, for a money net flow of $30.94 million into the stock. Of all equities tracked, Lazard had the 29th highest net in-flow for the day. Lazard traded down ($0.50) for the day and closed at $36.05

Several equities analysts have commented on LAZ shares. ValuEngine raised Lazard from a “strong sell” rating to a “sell” rating in a report on Friday, November 23rd. Keefe, Bruyette & Woods reissued a “mkt perform” rating and issued a $41.00 target price on shares of Lazard in a report on Friday, January 4th. Wolfe Research cut Lazard from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 8th. Zacks Investment Research raised Lazard from a “sell” rating to a “hold” rating in a report on Monday, December 31st. Finally, TheStreet raised Lazard from a “c” rating to a “b-” rating in a report on Wednesday, February 6th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $50.83.

The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $4.72 billion, a PE ratio of 8.67, a P/E/G ratio of 2.22 and a beta of 1.60.

Lazard (NYSE:LAZ) last issued its earnings results on Tuesday, February 5th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.94. Lazard had a return on equity of 50.62% and a net margin of 18.27%. The business had revenue of $685.00 million during the quarter, compared to analysts’ expectations of $673.35 million. During the same period in the prior year, the firm posted $1.12 EPS. Lazard’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts anticipate that Lazard Ltd will post 3.89 EPS for the current year.

The business also recently announced a None dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were issued a $0.94 dividend. The ex-dividend date was Thursday, February 14th. Lazard’s payout ratio is presently 42.31%.

Several institutional investors and hedge funds have recently modified their holdings of LAZ. MUFG Securities EMEA plc acquired a new stake in Lazard during the 4th quarter valued at $5,500,000. Geode Capital Management LLC increased its holdings in Lazard by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 1,407,053 shares of the asset manager’s stock valued at $52,060,000 after purchasing an additional 93,702 shares in the last quarter. Norges Bank acquired a new stake in Lazard during the 4th quarter valued at $56,663,000. Dimensional Fund Advisors LP increased its holdings in Lazard by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 834,684 shares of the asset manager’s stock valued at $30,809,000 after purchasing an additional 8,381 shares in the last quarter. Finally, FMR LLC increased its holdings in Lazard by 12.5% during the 4th quarter. FMR LLC now owns 2,574,292 shares of the asset manager’s stock valued at $95,017,000 after purchasing an additional 286,464 shares in the last quarter. 67.64% of the stock is owned by institutional investors and hedge funds.

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About Lazard (NYSE:LAZ)

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters.

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