Van Cleef Asset Management lowered its position in shares of Lazard Ltd (NYSE:LAZ) by 0.2% during the fourth quarter, according to its most recent filing with the SEC. The hedge fund owned 78,923 shares of the company’s stock after selling 154 shares during the period. Lazard comprises 1.3% of Van Cleef Asset Management’s holdings, making the stock its 27th largest position. Van Cleef Asset Management’s holdings in Lazard were worth $3,552,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Curbstone Financial Management boosted its stake in shares of Lazard by 60.2% in the fourth quarter. Curbstone Financial Management now owns 21,150 shares of the company’s stock valued at $952,000 after buying an additional 7,950 shares during the last quarter. Jennison Associates boosted its stake in shares of Lazard by 21.3% in the third quarter. Jennison Associates now owns 30,136 shares of the company’s stock valued at $1,305,000 after buying an additional 5,293 shares during the last quarter. Eagle Asset Management boosted its stake in shares of Lazard by 172.5% in the third quarter. Eagle Asset Management now owns 135,670 shares of the company’s stock valued at $5,874,000 after buying an additional 85,890 shares during the last quarter. Finally, Janus Capital Management boosted its stake in shares of Lazard by 12.7% in the third quarter. Janus Capital Management now owns 336,400 shares of the company’s stock valued at $14,566,000 after buying an additional 37,900 shares during the last quarter.

Lazard Ltd (NYSE:LAZ) traded up 5.50% during trading on Friday, reaching $36.09. 715,513 shares of the company’s stock traded hands. The firm’s 50 day moving average is $41.81 and its 200 day moving average is $47.36. Lazard Ltd has a 12 month low of $32.02 and a 12 month high of $59.82. The company has a market cap of $4.53 billion and a P/E ratio of 4.81.

LAZ has been the topic of several recent analyst reports. JMP Securities reissued a “buy” rating and set a $60.00 target price (down previously from $66.00) on shares of Lazard in a report on Thursday, October 8th. Raymond James dropped their target price on Lazard from $61.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Nomura boosted their target price on Lazard from $58.00 to $59.00 in a report on Friday, October 23rd. Argus dropped their target price on Lazard from $64.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Finally, Sandler O’Neill raised Lazard from a “hold” rating to a “buy” rating in a report on Wednesday, October 7th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lazard presently has a consensus rating of “Buy” and a consensus price target of $56.63.

Lazard Ltd (NYSE:LAZ) is a financial advisory and asset management company. The Company operates in two business segments: 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 corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients.

12 Month Chart for NYSE:LAZ

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