Lazard Ltd (NYSE:LAZ) shares were down 5.7% on Monday . The company traded as low as $34.45 and last traded at $34.94. Approximately 937,596 shares traded hands during trading, a decline of 7% from the average daily volume of 1,010,778 shares. The stock had previously closed at $37.05.

A number of research analysts have recently weighed in on LAZ shares. TheStreet raised Lazard from a “c” rating to a “b-” rating in a research report on Wednesday, February 6th. Zacks Investment Research raised Lazard from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Bank of America cut Lazard from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a report on Thursday, April 11th. Finally, ValuEngine cut Lazard from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.20.

The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $4.53 billion, a P/E ratio of 8.43, a P/E/G ratio of 3.45 and a beta of 1.60.

Lazard (NYSE:LAZ) last posted its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.29. Lazard had a return on equity of 48.17% and a net margin of 16.72%. The company had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $598.66 million. During the same period in the previous year, the firm earned $1.26 EPS. The firm’s revenue was down 14.4% compared to the same quarter last year. On average, analysts anticipate that Lazard Ltd will post 3.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a $0.47 dividend. The ex-dividend date is Friday, May 3rd. This is a boost from Lazard’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a yield of 5.36%. Lazard’s payout ratio is currently 30.29%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in Lazard by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 423,434 shares of the asset manager’s stock worth $20,380,000 after buying an additional 7,236 shares during the period. Morgan Stanley lifted its position in shares of Lazard by 22.0% in the 3rd quarter. Morgan Stanley now owns 2,909,856 shares of the asset manager’s stock worth $140,051,000 after purchasing an additional 524,953 shares during the period. Federated Investors Inc. PA lifted its position in shares of Lazard by 12.2% in the 3rd quarter. Federated Investors Inc. PA now owns 436,314 shares of the asset manager’s stock worth $21,000,000 after purchasing an additional 47,371 shares during the period. Vanguard Group Inc lifted its position in shares of Lazard by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 10,982,773 shares of the asset manager’s stock worth $528,601,000 after purchasing an additional 114,709 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of Lazard by 3.3% in the 4th quarter. State of Alaska Department of Revenue now owns 31,524 shares of the asset manager’s stock worth $1,162,000 after purchasing an additional 1,015 shares during the period. 68.27% of the stock is currently owned by institutional investors.

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About Lazard (NYSE:LAZ)

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters.

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