Lazard Ltd. (NYSE:LAZ) is expected to pay $0.38 on Nov 18, 2016. The indicated annual dividend is $1.52. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Lazard Ltd.’s current price of $36.90, the dividend is 1.03%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 26, 2016. The stock closed at $36.9 during the last session. It is down 4.90% since March 31, 2016 and is downtrending. It has underperformed by 7.42% the S&P500.
Lazard Ltd is a financial advisory and asset management company. The company has a market cap of $4.85 billion. The Firm operates in two business divisions: Financial Advisory and Asset Management. It has a 11.74 P/E ratio. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients 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.
Insitutional Activity: The institutional sentiment decreased to 0.61 in Q2 2016. Its down 0.38, from 0.99 in 2016Q1. The ratio turned negative, as 43 funds sold all Lazard Ltd shares owned while 110 reduced positions. 27 funds bought stakes while 66 increased positions. They now own 92.84 million shares or 6.51% less from 99.31 million shares in 2016Q1.
Clinton last reported 64,052 shares in the company. Robeco Institutional Asset Mngmt Bv last reported 35,000 shares in the company. Delta Asset Ltd Llc Tn accumulated 1,500 shares or 0.01% of the stock. Todd Asset Mngmt Lc, a Kentucky-based fund reported 298,559 shares. Maltese Cap Mngmt Limited Liability Com last reported 0.09% of its portfolio in the stock. Agf, a Ontario – Canada-based fund reported 737,799 shares. Renaissance Technologies Limited Liability owns 88,000 shares or 0% of their US portfolio. Comerica Bank accumulated 0% or 14,427 shares. Loomis Sayles And Communications Ltd Partnership holds 0% of its portfolio in Lazard Ltd (NYSE:LAZ) for 174 shares. Miller Howard Invests Incorporated Ny holds 51,500 shares or 0.03% of its portfolio. The New York-based Alliancebernstein L P has invested 0.04% in Lazard Ltd (NYSE:LAZ). Next Fincl Group Inc holds 0% of its portfolio in Lazard Ltd (NYSE:LAZ) for 250 shares. Peapack Gladstone accumulated 0% or 48,303 shares. Gradient Invs Limited Liability Company holds 0% of its portfolio in Lazard Ltd (NYSE:LAZ) for 1,344 shares. Rwc Asset Management Limited Liability Partnership holds 163,015 shares or 0.32% of its portfolio.
Insider Transactions: Since August 2, 2016, the stock had 1 insider purchase, and 1 sale for $1.42 million net activity. Shares for $49,308 were bought by Mendillo Jane L on Tuesday, August 2. Hoffman Scott D had sold 42,000 shares worth $1.47M.
Lazard Ltd (NYSE:LAZ) Ratings Coverage
Out of 8 analysts covering Lazard (NYSE:LAZ), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Lazard has been the topic of 17 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Argus Research on Friday, July 24 with “Buy”. The stock of Lazard Ltd (NYSE:LAZ) earned “Buy” rating by Argus Research on Thursday, October 22. The firm has “Strong Buy” rating given on Wednesday, November 18 by Raymond James. The stock of Lazard Ltd (NYSE:LAZ) earned “Neutral” rating by Goldman Sachs on Tuesday, January 12. Susquehanna maintained Lazard Ltd (NYSE:LAZ) on Monday, October 12 with “Positive” rating. The rating was maintained by Wood on Wednesday, October 7 with “Outperform”. The rating was upgraded by Sandler O’Neill to “Buy” on Wednesday, October 7. Susquehanna upgraded Lazard Ltd (NYSE:LAZ) on Monday, October 5 to “Positive” rating.
More notable recent Lazard Ltd (NYSE:LAZ) news were published by: Businesswire.com which released: “Lazard Declares Quarterly Dividend” on October 26, 2016, also Businessinsider.com with their article: “Elon Musk’s bankers made a mistake on the SolarCity deal, but Tesla went ahead …” published on September 01, 2016, Streetinsider.com published: “Lazard Ltd. (LAZ) to Acquire Remaining MBA Lazard Stake” on October 25, 2016. More interesting news about Lazard Ltd (NYSE:LAZ) were released by: Businesswire.com and their article: “Lazard Ltd Reports Third-Quarter and Nine-Month 2016 Results” published on October 27, 2016 as well as Business.Financialpost.com‘s news article titled: “Lazard Ltd acquires Canadian independent boutique advisory Verus Partners” with publication date: September 14, 2016.
LAZ Company Profile
Lazard Ltd (Lazard), incorporated on October 25, 2004, is a financial advisory and asset management company. The Firm operates in two business divisions: Financial Advisory and Asset Management. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients 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. The Company’s Asset Management business segment offers a range of investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to firms, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients. The Firm operates from approximately 40 cities in key business and financial centers over 25 countries throughout North America, Europe, Asia, Australia, the Middle East, and Central and South America.
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