It is trading at $47.54 barely above $44.68, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $44.73. The 50 day moving average moved up $2.86 whereas the 200 day average was up by +6.28%. Lazard LTD. Lazard, LTD. Class shares had a trading volume of 892K in the last trading session. Shares saw a steep increase in trading volume of 43.50% over the normal average daily volume.
Investors are more bearish on Lazard LTD. Lazard, LTD. Class of late if you look at the uptick in short interest. The company had a rise in short interest of 19.04% as of October 13, 2017 from the last reporting period. Short shares grew from 2,730,737 to 3,250,612 over that timeframe. Days to cover increased 3.0 to 7.0 and the percentage of shorted shares is 0.03% as of October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Callahan Advisors, LLC had disposed of 1,545 shares trimming its holdings by 2.5%. The value of the company’s investment in Lazard LTD. Lazard, LTD. Class decreased from $2,873,000 to $2,734,000 decreasing 4.8% for the reporting period. Raymond James Financial Services Advisors, Inc. divested its holdings by selling 10,159 shares a decrease of 9.5% as of 09/30/2017. Raymond James Financial Services Advisors, Inc. now controls 96,794 shares with a value of $4,377,000. The value of the position overall is down by 11.7%.
As of quarter end Van Cleef Asset Management,inc had bought a total of 1,196 shares growing its stake by 1.0%. The value of the investment in Lazard LTD. Lazard, LTD. Class went from $5,697,000 to $5,615,000 a change of 1.4% since the last quarter. Copeland Capital Management, LLC cut its ownership by shedding 3,079 shares a decrease of 2.3% from 06/30/2017 to 09/30/2017. Copeland Capital Management, LLC owns 131,115 shares valued at $5,929,000. The total value of its holdings decreased 4.6%.
The company is up by 0.34% percent from yesterday’s close. The company declared a dividend for shareholders payable on Friday November 17th, 2017. The dividend payment will be $0.410 per share for the quarter which is $1.64 annualized. The dividend yield will be $3.47. The ex-dividend date is set for Thursday the 3rd of August 2017.
Lazard LTD. Lazard, LTD. Class ‘s P/E ratio is 13.47 and the market value is 5.78B. As of the last earnings report the EPS was $3.53 and is projected to be $3.59 for the current year with 121,608,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.79 with next year’s EPS projected to be $3.68.
Lazard Ltd (Lazard), launched on October 25, 2004, is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. The Company serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Company operates through North America, Europe, Asia, Australia, the Middle East, and Central and South America..