Seaport Res Ptn Brokers Lift Earnings Estimates for Lazard

Key Points

• Seaport Res Ptn raised its Q3 2025 earnings estimate for Lazard to $0.43 per share, up from $0.39, while providing future earnings predictions for Q1 through Q3 of 2026.
• Lazard reported a Q2 EPS of $0.52, exceeding consensus expectations of $0.38, with revenues of $796 million, an increase of 16.2% year-over-year.
• Analyst ratings for Lazard are mixed, with three "Buy," six "Hold," and two "Sell" ratings, reflecting a consensus average price target of $54.43.

Lazard, Inc. (NYSE:LAZ - Free Report) - Analysts at Seaport Res Ptn upped their Q3 2025 earnings estimates for shares of Lazard in a note issued to investors on Monday, October 13th. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will earn $0.43 per share for the quarter, up from their previous estimate of $0.39. The consensus estimate for Lazard's current full-year earnings is $4.24 per share. Seaport Res Ptn also issued estimates for Lazard's Q1 2026 earnings at $0.65 EPS, Q2 2026 earnings at $0.75 EPS and Q3 2026 earnings at $0.90 EPS.

Lazard (NYSE:LAZ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.14. Lazard had a return on equity of 34.33% and a net margin of 9.96%.The business had revenue of $796.00 million during the quarter, compared to the consensus estimate of $674.13 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The business's revenue was up 16.2% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley raised their target price on shares of Lazard from $47.00 to $61.00 and gave the company an "underweight" rating in a research note on Monday, September 8th. Keefe, Bruyette & Woods dropped their target price on Lazard from $65.00 to $60.00 and set a "moderate buy" rating on the stock in a report on Monday. Zacks Research downgraded Lazard from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. JMP Securities set a $60.00 price objective on Lazard and gave the stock a "market outperform" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company upped their price objective on Lazard from $38.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $54.43.

Lazard Trading Up 1.0%

Shares of LAZ stock opened at $49.68 on Wednesday. Lazard has a 1 year low of $31.97 and a 1 year high of $61.14. The stock has a fifty day moving average of $54.05 and a two-hundred day moving average of $47.85. The company has a debt-to-equity ratio of 2.15, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a market capitalization of $5.60 billion, a PE ratio of 17.13 and a beta of 1.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LAZ. Teza Capital Management LLC lifted its position in Lazard by 2.4% in the 2nd quarter. Teza Capital Management LLC now owns 8,059 shares of the asset manager's stock worth $387,000 after buying an additional 187 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Lazard by 12.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,259 shares of the asset manager's stock valued at $98,000 after purchasing an additional 251 shares during the last quarter. Truist Financial Corp grew its stake in Lazard by 1.2% in the second quarter. Truist Financial Corp now owns 25,191 shares of the asset manager's stock valued at $1,209,000 after purchasing an additional 302 shares in the last quarter. GAMMA Investing LLC increased its position in Lazard by 57.2% in the 2nd quarter. GAMMA Investing LLC now owns 918 shares of the asset manager's stock worth $44,000 after purchasing an additional 334 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Lazard by 1.8% during the 1st quarter. CWM LLC now owns 19,558 shares of the asset manager's stock worth $847,000 after purchasing an additional 343 shares in the last quarter. 54.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Michael Gathy sold 617 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $55.37, for a total transaction of $34,163.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Peter Richard Orszag sold 32,475 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $54.09, for a total value of $1,756,572.75. Following the sale, the chief executive officer owned 183,274 shares of the company's stock, valued at $9,913,290.66. The trade was a 15.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,092 shares of company stock worth $6,030,986 over the last 90 days. 2.26% of the stock is owned by company insiders.

Lazard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, August 4th. Lazard's dividend payout ratio (DPR) is 68.97%.

Lazard Company Profile

Lazard, Inc, together with its subsidiaries, operates as a financial advisory and asset management firm in North and South America, Europe, the Middle East, Asia, and Australia. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical advisory, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services.

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