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Bank of Montreal May buy a new equity position in Lazard Ltd (NYSE: LAZ) in the second quarter, according to the company in its most recent Form 13F filed with the Securities & Exchange Commission The company has purchased 431,889 shares of the badet manager, valued at approximately $ 21,124,000 Bank of Montreal may hold approximately 0.33% of Lazard when it was last filed with the Securities & Exchange Commission. 19659002] Several other institutional investors and hedge funds also recently bought and sold shares in the company. Mckinley Capital Management LLC Delaware lifted its Lazard equity holdings by 5.8% in the second quarter. McKinley Capital Management LLC Delaware now owns 23,223 shares of the $ 1,136,000 badet manager shares following the purchase of 1,266 additional shares in the last quarter. Covenant Asset Management LLC has raised its equity holdings of Lazard of 15.3% during the last quarter. second quarter. Covenant Asset Management LLC now holds 8,027 shares of the $ 393,000 badet manager after purchasing 1,068 additional shares in the last quarter. Columbia Partners L C Investment Management lifted its interests in Lazard by 31.8% in the second quarter. Columbia Partners L C Investment Management now holds 37,311 shares of the $ 1,824,000 badet manager after purchasing 8,995 additional shares in the last quarter. Hudson Capital Management LLC lifted its holdings of Lazard shares by 11.0% in the second quarter. Hudson Capital Management LLC now holds 23,450 shares of the badet manager worth $ 1,147,000 after purchasing 2,321 additional shares in the last quarter. Finally, Gofen & Glossberg LLC IL acquired a new equity interest in Lazard's shares during the second quarter, valued at $ 1,568,000. 71.86% of the shares are held by institutional investors.
NYSE LAZ shares opened Thursday at $ 52.53. The company has a ratio of 1.97, a ratio of 1.97 and a debt ratio of 1.13. Lazard Ltd has a minimum of 52 weeks of $ 40.50 and a maximum of $ 52 of 52 weeks. The company has a market capitalization of $ 6.67 billion, a P / E ratio of 13.90, a P / E / G ratio of 1.14 and a beta of 1.84.
Lazard (NYSE: LAZ) released its quarterly results on Thursday, April 26. The badet manager reported earnings per share of $ 1.26 for the quarter, exceeding $ 0.22 from Zacks' consensus estimate of $ 1.04. Lazard achieved a return on equity of 44.63% and a net margin of 10.81%. The company achieved a business turnover of $ 724.00 million for the quarter, compared with $ 652.99 million for badysts. In the same quarter last year, the company earned $ 0.83 per share. Lazard's revenues increased 16.0% from one year to the next. Stock badysts predict that Lazard Ltd will post 4.45 EPS for the current year.
A number of equity research badysts have recently weighed on LAZ shares. Zacks Investment Research took Lazard from a "hold" rating to a "buy" rating and set a target price of $ 59.00 for the company in a report on Friday, April 13. JMP Securities raised its target price on Lazard from $ 65.00 to $ 66.00 and awarded the stock an "outperformance of the market" rating in a report on Friday, April 27th. Bank of America brought Lazard from a "neutral" rating to a "buy" note and set a target price of $ 40.00 for the company in a report on Tuesday, April 17th. ValuEngine downgraded Lazard from a "buy" rating to a "hold" rating in a report on Tuesday, May 29. Finally, TheStreet took Lazard from a "c +" rating to a "b" rating in a report on Thursday, April 26th. A research badyst evaluated the stock with a sales rating, three badigned a holdback rating and seven issued a buy-to-action note from the company. The stock currently has an average rating of "Buy" and an average target price of $ 60.13
Lazard Company Profile
Lazard Ltd., together with its subsidiaries, operates as a financial advisor and corporate badet management worldwide. Its Financial Advisory Services sector provides various financial advisory services related to mergers and acquisitions and other strategic issues, restructuring, capital structure, capital raising, shareholder advice and various other financial matters.
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