People s United Financial Inc. maintained its position in shares of Lazard Ltd. (NYSE:LAZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,245 shares of the asset manager’s stock at the end of the second quarter. People s United Financial Inc.’s holdings in Lazard were worth $104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LAZ. UBS Asset Management Americas Inc. raised its holdings in shares of Lazard by 65.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 18,525 shares of the asset manager’s stock worth $852,000 after acquiring an additional 7,300 shares during the period. Karp Capital Management Corp purchased a new stake in Lazard in the 1st quarter valued at about $375,000. Parametric Portfolio Associates LLC raised its holdings in Lazard by 52.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 39,832 shares of the asset manager’s stock valued at $1,832,000 after buying an additional 13,691 shares during the period. Neuberger Berman Group LLC purchased a new stake in Lazard in the 1st quarter valued at about $335,000. Finally, Teachers Advisors LLC raised its holdings in Lazard by 4.5% in the 1st quarter. Teachers Advisors LLC now owns 847,527 shares of the asset manager’s stock valued at $38,978,000 after buying an additional 36,628 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

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LAZ has been the topic of several research analyst reports. BidaskClub upgraded shares of Lazard from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Lazard from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, ValuEngine downgraded Lazard from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.43.

Lazard Ltd. (LAZ) opened at 45.06 on Wednesday. The firm has a market capitalization of $5.48 billion, a P/E ratio of 12.76 and a beta of 1.85. The stock’s 50 day moving average price is $43.13 and its 200-day moving average price is $44.67. Lazard Ltd. has a 12 month low of $33.48 and a 12 month high of $48.86.

Lazard (NYSE:LAZ) last announced its earnings results on Thursday, July 27th. The asset manager reported $0.98 EPS for the quarter, beating the consensus estimate of $0.80 by $0.18. The business had revenue of $720.16 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. On average, analysts forecast that Lazard Ltd. will post $3.52 earnings per share for the current year.

Lazard Company Profile

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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