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LAZARD Ltd.

  • The Upside Potential for This Investment Bank

    By Anh HOANG - May 13, 2013 | Tickers: EVR, GHL, LAZ

    Lazard (NYSE: LAZ) has been quite a volatile stock during the past ten years, with a lot of ups and downs. Since the beginning of the year, Lazard has just gained nearly 10%, much lower than the S&P 500’s return of more than 14%. However, many investors seem to be bullish about this investment bank. T. Rowe Price held more than 10.25 million shares, accounting for 8 more »

  • Investing in Investment Managers

    By Marshall Hargrave - May 13, 2013 | Tickers: IVZ, LAZ, LM

    Invesco (NYSE: IVZ) is up 25% year to date, and 10% over the past week alone. This thanks to a stellar start to the year with 1Q 2013 EPS that came in at $0.52, compared to $0.45 from the previous quarter and consensus estimates of $0.47.  Tailwinds for the better-than-expected earnings were related to rising assets under management (AUM) and a stabilizing balance sheet.
     
    At the end more »

  • Betting on Boutique Investment Banks

    By Federico Zaldua - April 25, 2013 | Tickers: EVR, GHL, LAZ

    Big Investment banking firms such as Morgan Stanley, Barclays or even the almighty Goldman Sachs have shown that they are houses where conflicts of interests abound (think of Goldman's scandalous CDO pre-crisis structuring).

    The crisis that wiped off Lehman Brothers also generated a historic opportunity for smaller investments banks. From then on, smaller firms could grab a bigger chunk of the total banking fee pie (coming from restructurings, M more »

  • 3 Banks on the Road to Recovery

    By Damian Illia - April 22, 2013 | Tickers: SCHW, JPM, LAZ

    Investment banks are still struggling to get away from the financial crisis. As mentioned on a previous article, they generated good returns in 2012, but the US economic improvement is not creating the best business environment for them. The present regulatory issues and the lagging recovery of the US economy have been pressuring revenues.

    Let’s analyze three investment banks that are on the recovery track: Lazard (NYSE: LAZ), JP more »

  • US Investment Banks: A 2013 Roadmap

    By Damian Illia - April 8, 2013 | Tickers: GS, JPM, LAZ, MS

    Although investment banks generated good returns on equity in 2012, the current US economic improvement appears to be cyclical and reproducing institutional risk parameters. The present environment for investment banks seems gray as regulatory issues must be finalized, there is uncertainty created by the fiscal debate and shifts in the competitive landscape are expected. The two companies I will address in this article are: Morgan Stanley (NYSE: MS) and Lazard more »

  • Multi-Billion Dollar Fund's Top Picks for 2013

    By Meena Krishnamsetty - March 20, 2013 | Tickers: FAF, GCI, JLL, LAZ, IPG

    Ariel Investments, managed by John W. Rogers, is one of the best success stories in the hedge fund industry today. Rogers launched Ariel Investments in 1983 after working as a stockbroker for a few years at William Blair, and 25 years later, the Princeton alum was awarded his university’s highest honor, the Woodrow Wilson Award. The former men's basketball captain started his own investment company with one major more »

  • A Growing Mid-Cap Financial Service Business

    By Anh HOANG - February 26, 2013 | Tickers: GS, JPM, LAZ, MS

    In a list of the top 7 stocks that were recommended by Fool’s analysts, there are three large cap stocks, three mid-cap stocks, and one small cap stock. I have paid special attention to mid-cap and small cap stocks in this list. In previous articles, I have covered two mid-cap stocks, including Western Refining, Arcos Dorados, and one small cap stock, Tile Shop Holdings. This time, I will talk more »

  • These 3 Stocks will Lead on M&A Activity

    By Jordan Wathen - February 25, 2013 | Tickers: GS, LAZ, KCE

     

    The year 2013 is quickly becoming the year of the merger and acquisition. Big players including Warren Buffett, General Electric, and Dell have played a part in deal making, setting the stage for bull markets in 2013.

    Mergers and acquisitions are great for stocks. They bring higher stock prices and big buyout premiums over the recent trading price. Knowing which stocks are soon to get an M&A bid isn more »

  • Financials Dominate Ariel Investments’ Top Holdings

    By Meena Krishnamsetty - January 22, 2013 | Tickers: FAF, GCI, JNS, LAZ, IPG

    Now in its thirtieth year of existence, Ariel Investments is a dinosaur relative to some of the fly-by-night funds that have come and gone in the twenty-first century, many of which succumbed to the flight of assets and loss of value during the 2008 market turmoil. Started by Princeton-alum John W. Rogers in 1983, the fund has grown to manage over $4.6bn in assets as of its last 13F more »

  • iBanking: An Analysis of 2 Investment Boutiques

    By Maxwell Fisher - October 30, 2012 | Tickers: EVR, GHL, JEF, LAZ

    The 2000’s were a tough time for investment bankers toiling in the traditional advisory areas.  In the wake of Sandy Weil’s game of chicken with the U.S. Congress that led to the repeal of Glass-Steagall, commercial banks encroached on the turf of the investment banks and the investment banks responded by bulking up.  It was the decade of the trader, VaR exploded as banks embraced risk and more »

  • Can Lazard Come Back?

    By Meena Krishnamsetty - August 27, 2012 | Tickers: GS, LAZ, MS

    We at Insider Monkey have been busy digesting 13F filings from hedge funds and other major investors which were released in early to mid-August. One new investment that we noticed was Trian Partners’ initiation of a 5.6 million share position in Lazard (NYSE: LAZ), a midsize investment bank specializing in middle market financial advisory and asset management. Lazard has lagged the markets this year and is up 5%. Yet more »

  • Ouch! Greenhill & Co. Got Hit Hard this Past Quarter

    By Tyler Crowe - July 22, 2012 | Tickers: EVR, GS, GHL, LAZ

    The world of M&A advisory has not been kind as of late.  Bloomberg is reporting that there has been a 22% reduction in deals.  Even worse, the total value of those deals is falling even sharper.  Why is this happening?  Well, the less than appetizing cocktail of market volatility, uncertain political futures, and that elephant in the room known as the Eurozone crisis have all lent a hand in more »

  • Successful $4 Billion Fund’s Top Stock Picks

    By Meena Krishnamsetty - March 9, 2012 | Tickers: GCI, JPM, LAZ, IPG

    John W. Rogers is the founder of Ariel Capital Management. He launched the firm in 1983 with $180,000 from family and friends. In three years, Rogers grew the size of the fund to $45 million. Today, the company is called Ariel Investments and has approximately $4.4 billion AUM. The company’s oldest and one of the largest funds, Ariel Fund (ARGFX), returned 66% over the past ten years more »

  • Pretending to be a Hedge Fund Manager is Still Easy, Lucrative.

    By Jeremy L. Bartell - December 18, 2011 | Tickers: BCS, JPM, LAZ

    Despite the poor job market, gutsy risk-takers can still find lucrative work pretending to be hedge fund managers. One particularly daring breed of pretend hedge fund manager is the so-called "free rider." These Wall Street daredevils trade stocks using funds that they borrowed, without permission, from reputable stockbrokerage firms.  Though lucrative and exhilarating, free riding in the stock market carries a few notable risks, including possible New York state criminal indictment, federal criminal charges, and SEC fraud charges, as Scott Kupersmith recently learned, a successful pretend hedge fund manager from Florida.  Let's take a closer look at Kupersmith's free riding.