Lazard (LAZ) Posts Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Agf Investments Inc sold 229,383 shares as Lazard Ltd. (LAZ)'s stock rose 3.64%. The institutional investor held 53,784 shares of the computer manufacturing company at the end of 2017Q4, valued at $9.10 million, up from 49,583 at the end of the previous reported quarter. The company has market cap of $6.82 billion. About 347,229 shares traded. Evercore Inc. (EVR) has risen 10.25% since April 24, 2017 and is uptrending. It has outperformed by 7.94% the S&P500. Channing Capital Management Llc owns 933,400 shares or 2.83% of their USA portfolio. The stock had a trading volume of 700,657 shares, compared to its average volume of 908,088. The hedge fund run by Robert Joseph Caruso held 415,021 shares of the building materials company at the end of 2017Q4, valued at $22.70B, up from 379,785 at the end of the previous reported quarter.

Daruma Capital Management Llc holds 3.62% of its portfolio in Evercore Inc. for 644,227 shares. The stock decreased 0.43% or $0.22 during the last trading session, reaching $52.72. About 320,743 shares traded.

In related news, General Counsel Scott D. Hoffman sold 42,000 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. LAZ outperformed the S&P500 by 6.90%. Bokf Na stated it has 0.14% of its portfolio in Lazard Ltd (NYSE:LAZ). They expect $1.65 EPS, up 46.02% or $0.52 from last year's $1.13 per share. LAZ's profit will be $137.54M for 12.31 P/E if the $1.06 EPS becomes a reality.

Lazard Ltd had 2 insider sales and 0 insider buys since March 1, 2018. The shares were sold at an average price of $34.92, for a total transaction of $1,466,640.00.

Big Money Sentiment decreased to 1 in Q4 2017. That's change of 0.12, from 2017Q3's 1.12.

Bank of America upgraded shares of Lazard (NYSE:LAZ) from a neutral rating to a buy rating in a research report report published on Tuesday, April 17th, Marketbeat reports. 45 funds amassed positions and 75 increased positions. Following the sale, the chief operating officer now owns 276,886 shares in the company, valued at approximately $14,708,184.32. Stoneridge Inv Prtnrs Limited Liability Company invested 0.08% in Lazard Ltd (NYSE:LAZ). Strs Ohio reported 0.38% of its portfolio in Lazard Ltd (NYSE:LAZ). Carnegie Asset accumulated 28,026 shares. Funds hold 87.70 million shares thus 2.52% less from 2017Q3's 89.96 million shares. State Common Retirement Fund reported 44,600 shares stake. FINRA published in April LAZ's total 1.98 million shares shorted. Schroder Invest Mgmt Grp Inc has invested 0.06% in Lazard Ltd (NYSE:LAZ). Citigroup Inc owns 318,861 shares or 0.01% of their USA portfolio. It also reduced Dxc Technology Co stake by 65,848 shares and now owns 1.41 million shares. California State Teachers Retirement Systems stated it has 187,304 shares or 0.02% of all its holdings. Globeflex Capital LP holds 0.16% of its portfolio in Lazard Ltd (NYSE:LAZ) for 10,735 shares. Credit Suisse maintained the stock with "Buy" rating in Monday, April 24 report. Eagle Asset Mgmt Incorporated holds 59,981 shares or 0.02% of its portfolio. Therefore 0 are positive. 88% are bullish. 15 are the (NYSE:LAZ)'s analyst reports since October 27, 2017 according to StockzIntelligence Inc. On Thursday, February 1 the rating was maintained by Keefe Bruyette & Woods with "Buy". The stock of Lazard Ltd (NYSE:LAZ) has "Buy" rating given on Friday, February 2 by Sandler O'Neill. The rating was maintained by JMP Securities with "Market Outperform" on Friday, February 2. "Buy" rating has 7, "Sell" are 0, while 1 are "Hold". The company rating was maintained by Buckingham Research on Friday, October 27. Raymond James upgraded Lazard Ltd (NYSE:LAZ) on Wednesday, November 18 to "Strong Buy" rating. King Luther Cap Management holds 0.01% of its portfolio in Lazard Ltd (NYSE:LAZ) for 16,345 shares. (NYSE:PEP) stake by 69,861 shares to 198,902 valued at $23.85 million in 2017Q4.

Analysts await Evercore Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 18 Hold. Therefore 93% are positive. The Southern Company had 76 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Goldman Sachs on Monday, January 8 to "Buy". Brean Capital maintained the shares of AAPL in report on Friday, September 11 with "Buy" rating.

WARNING: "Lazard (LAZ) Raised to "Buy" at Bank of America" was first published by Macon Daily and is the property of of Macon Daily. Finally, Buckingham Research downgraded shares of Lazard from a buy rating to a neutral rating and set a $54.00 price objective for the company.in a research report on Thursday, December 21st. The firm has "Buy" rating given on Wednesday, December 20 by Seaport Global. The firm earned "Positive" rating on Monday, October 5 by Susquehanna. TheStreet raised shares of Lazard to a buy rating in a research report on Thursday, August 18th.

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