Economy

LSV Asset Management Acquires 2909090 Shares of Lazard Ltd. (NYSE:LAZ)

About shares traded. Crane Co. TETRA Technologies, Inc. (NYSE:TTI) has declined 31.41% since September 21, 2016 and is downtrending. It has outperformed by 25.96% the S&P500. Systematic Financial Management LP owned approximately 0.76% of Lazard worth $45,932,000 as of its most recent filing with the Securities and Exchange Commission. Lazard comprises about 1.4% of BT Investment Management Ltd's investment portfolio, making the stock its 20th largest holding. The Rudman Errol M holds 82,911 shares with $3.84 million value, up from 72,911 last quarter. Lazard Ltd Shs A now has $5.63 billion valuation. The stock decreased 0.72% or $0.31 during the last trading session, reaching $43. It is down 35.63% since September 21, 2016 and is uptrending. It has outperformed by 18.93% the S&P500. Finally, Zacks Investment Research cut shares of Lazard from a "buy" rating to a "hold" rating in a research report on Tuesday, June 6th. Therefore 73% are positive. Polaris Industries had 71 analyst reports since July 23, 2015 according to SRatingsIntel. Susquehanna upgraded the shares of LAZ in report on Monday, October 5 to "Positive" rating.

Analysts await Lazard Ltd (NYSE:LAZ) to report earnings on October, 26. The firm earned "Outperform" rating on Friday, January 15 by RBC Capital Markets. As per Thursday, July 27, the company rating was maintained by Keefe Bruyette & Woods. The firm has "Buy" rating by Citigroup given on Monday, April 4. Finally, ValuEngine upgraded Lazard from a "buy" rating to a "strong-buy" rating in a research note on Friday, July 28th. The firm has "Outperform" rating given on Wednesday, October 7 by Wood. Price T Rowe Associate Incorporated Md has invested 0.03% of its portfolio in Lazard Ltd (NYSE:LAZ). The stock has a consensus rating of "Buy" and an average price target of $46.89. On Tuesday, January 12 the stock rating was downgraded by Goldman Sachs to "Neutral".

Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.16, from 0.86 in 2017Q1.

Several other hedge funds also recently added to or reduced their stakes in the company. (NYSE:PII). World Asset Mngmt accumulated 4,602 shares or 0.01% of the stock. Parametric Associates Ltd Liability Co reported 32,610 shares. Fifth Third National Bank reported 58,291 shares. The firm owned 1,477,690 shares of the asset manager's stock after buying an additional 53,816 shares during the period. Vanguard Group Inc. now owns 10,216,558 shares of the asset manager's stock worth $469,860,000 after buying an additional 397,075 shares in the last quarter. Leuthold Gp Limited Liability has 17,377 shares for 0.09% of their portfolio. Schwab Charles Inv Management Incorporated holds 0.03% of its portfolio in Lazard Ltd (NYSE:LAZ) for 704,174 shares. Eagle Asset Mngmt Inc holds 59,981 shares or 0.02% of its portfolio. (NYSE:TTI). Hartford Management Comm accumulated 42,400 shares. Barclays Public Limited Com invested 0.09% of its portfolio in Lazard Ltd (NYSE:LAZ). 152 are owned by Whittier Trust Com Of Nevada Inc. The correct version of this piece can be viewed at https://weekherald.com/2017/09/22/bt-investment-management-ltd-invests-94-83-million-in-lazard-ltd-laz.html.

Lazard Ltd (Lazard) is a financial advisory and asset management company.

Since May 11, 2017, it had 0 buys, and 3 insider sales for $8.52 million activity. Shares for $2.91M were sold by Stern Alexander F. Hoffman Scott D had sold 35,000 shares worth $1.58M on Tuesday, May 16. $4.03 million worth of Lazard Ltd (NYSE:LAZ) shares were sold by Bucaille Matthieu. About 2.27M shares traded or 41.88% up from the average.

Investors sentiment increased to 1.54 in 2017 Q2. Its up 0.18, from 1.1 in 2017Q1. It improved, as 33 investors sold LAZ shares while 88 reduced holdings. 21 funds opened positions while 56 raised stakes. First Fincl Corp In stated it has 0.2% of its portfolio in Crane Co. Proshare Advsr Ltd Llc invested 0% in TETRA Technologies, Inc. Webster Bancorporation N A holds 28,957 shares. Gardner Lewis Asset L P invested in 0.08% or 455,910 shares. Koshinski Asset, Illinois-based fund reported 6,555 shares. Cornerstone Cap Management Limited holds 0.18% or 489,720 shares. (NYSE:CR). Sigma Planning stated it has 4,075 shares. (NYSE:PII). Profund Advisors Lc owns 6,609 shares. Chicago Equity Prtnrs Ltd Liability Corporation holds 49,495 shares.

Since March 29, 2017, it had 1 insider buy, and 0 selling transactions for $47,244 activity.

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