CIBC Asset Management Inc Invests $243000 in Lazard Ltd (LAZ)

LLC increased its holdings in Lazard by 2,608.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,701 shares of the asset manager's stock valued at $172,000 after purchasing an additional 306 shares during the period. It has outperformed by 21.80% the S&P500. Zacks Investment Research upgraded Lazard from a "hold" rating to a "buy" rating and set a $67.00 price target for the company in a research report on Monday, February 5th. Therefore 86% are positive. The stock has "Hold" rating by SunTrust on Wednesday, January 3. Keefe Bruyette & Woods initiated the stock with "Outperform" rating in Friday, February 17 report. The firm earned "Neutral" rating on Monday, June 5 by Wedbush. Nomura has "Buy" rating and $62.0 target. On Friday, June 2 the stock rating was maintained by Cowen & Co with "Hold".

Lazard declared that its Board of Directors has approved a share buyback program on Wednesday, October 25th that authorizes the company to repurchase $200.00 million in outstanding shares. The rating was downgraded by Nomura on Thursday, January 5 to "Neutral". Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock.

Analysts expect Endocyte, Inc. (NASDAQ:AMAT) to report earnings on February, 21. Bancorporation Of Ny Mellon Corp stated it has 0% in Endocyte, Inc. CSTM's profit will be $17.49 million for 24.33 P/E if the $0.13 EPS becomes a reality. Whittier Tru Of Nevada holds 152 shares. Balyasny Asset Mgmt Limited Liability accumulated 1.05M shares. About 1.13 million shares traded. On Tuesday, January 2 Nalamasu Omkaram sold $2.83 million worth of Applied Materials, Inc. (NASDAQ:AMAT) or 53,466 shares.

Investors sentiment increased to 1.12 in Q3 2017. Its down 0.40, from 0.72 in 2017Q2. S R Schill invested in 8,693 shares. 123 funds opened positions while 263 raised stakes. 2,310 are held by Meeder Asset Mngmt Inc. Investors of record on Monday, February 12th will be issued a dividend of $0.116 per share. (NASDAQ:AMAT). Piedmont Inv Advsrs Limited Company invested 0.37% of its portfolio in Applied Materials, Inc. Pinnacle Limited owns 32,820 shares. LLC now owns 777,200 shares of the asset manager's stock worth $36,008,000 after buying an additional 748,500 shares during the period.

WARNING: "CIBC Asset Management Inc Invests $243,000 in Lazard Ltd (LAZ)" was published by StockNewsTimes and is owned by of StockNewsTimes. Insight Cap Inc has invested 0.87% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Fcg Advisors Ltd invested in 0.1% or 5,280 shares. Bankshares invested 0.17% of its portfolio in Applied Materials, Inc. The Maine-based Bar Harbor Trust Services has invested 2.71% in the stock. Jpmorgan Chase And Co reported 3.37 million shares.

Among 28 analysts covering Applied Materials Inc. The company presently has an average rating of "Buy" and a consensus price target of $60.56. Therefore 67% are positive. Applied Materials Inc. had 111 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Thursday, January 18 by KeyBanc Capital Markets. Bank of America upgraded First Data Corporation (NYSE:FDC) on Thursday, January 18 to "Buy" rating. The rating was maintained by UBS with "Buy" on Friday, May 20. The rating was upgraded by Goldman Sachs on Monday, January 8 to "Buy". The stock of Endocyte, Inc. (NASDAQ:AMAT) earned "Outperform" rating by Cowen & Co on Friday, August 14. The company was maintained on Tuesday, December 26 by Mizuho. (NASDAQ:ECYT) has "Market Perform" rating given on Monday, June 5 by Cowen & Co. Price T Rowe Assocs Md holds 3.54M shares or 0.03% of its portfolio. It also upped Franklin Financial Network In stake by 14,550 shares and now owns 76,350 shares. Arcc (NASDAQ:ARCC) was raised too.

Investors sentiment increased to 1.12 in 2017 Q3. Its down 0.40, from 0.72 in 2017Q2. It increased, as 28 investors sold Lazard Ltd shares while 85 reduced holdings. Next Financial holds 0% of its portfolio in Lazard Ltd (NYSE:LAZ) for 171 shares.

Lazard Ltd (NYSE:LAZ) opened at $56.48 on Thursday. Argus Research maintained Lazard Ltd (NYSE:LAZ) on Friday, July 24 with "Buy" rating. Tocqueville Asset Mngmt Lp holds 462,000 shares or 0.24% of its portfolio. Moreover, Nomura Asset Ltd has 0.17% invested in The Southern Company (NYSE:SO) for 260,620 shares. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Lazard by 18.4% during the 2nd quarter. Tennessee-based Highland Capital Management Ltd has invested 0.05% in Lazard Ltd (NYSE:LAZ). Moreover, Arrowstreet Cap Partnership has 0.01% invested in Lazard Ltd (NYSE:LAZ).

Stoneridge Partners Ltd Liability Company reported 18,684 shares. Comerica Savings Bank reported 0% of its portfolio in Lazard Ltd (NYSE:LAZ). Asset Mngmt One invested in 1.66M shares. The stock increased 0.59% or $0.32 during the last trading session, reaching $54.51. About 763,903 shares traded or 4.58% up from the average. Lazard Ltd (NYSE:LAZ) has risen 35.63% since February 14, 2017 and is uptrending. It has outperformed by 18.93% the S&P500.

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Rhumbline Advisers who had been investing in Lazard Ltd Lp for a number of months, seems to be less bullish one the $7.33B market cap company. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe 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 to corporate, partnership, institutional, government, sovereign and individual clients. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals.

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