Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients. The company's Asset Management segment offers a range of investment solutions and investment management services in equity and fixed income strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard Ltd was founded in 1848 and is based in Hamilton, Bermuda.
Industry, Sector and Symbol
Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
Phone441-295-1422
Debt
Current Ratio1.83
Quick Ratio1.83
Price-To-Earnings
Sales & Book Value
Annual Sales$2.70 billion
Price / Sales1.87
Price / Cash Flow5.42
Price / Book4.01
Profitability
Net Income$253.58 million
Net Margins11.49%
Return on Assets11.98%
Miscellaneous
Employees2,843
OptionableOptionable
Lazard (NYSE:LAZ) Frequently Asked Questions
What is Lazard's stock symbol?
Lazard trades on the New York Stock Exchange (NYSE) under the ticker symbol "LAZ."
How often does Lazard pay dividends? What is the dividend yield for Lazard?
Lazard declared a quarterly dividend on Wednesday, October 24th. Stockholders of record on Monday, November 5th will be given a dividend of $0.44 per share on Friday, November 16th. This represents a $1.76 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, November 2nd. View Lazard's Dividend History.
How will Lazard's stock buyback program work?
Lazard declared that its board has approved a stock buyback program on Thursday, October 26th 2017, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.
How were Lazard's earnings last quarter?
Lazard Ltd (NYSE:LAZ) announced its earnings results on Thursday, October, 25th. The asset manager reported $0.86 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.93 by $0.07. The asset manager had revenue of $605.61 million for the quarter. Lazard had a return on equity of 49.98% and a net margin of 11.49%. View Lazard's Earnings History.
When is Lazard's next earnings date?
What price target have analysts set for LAZ?
6 equities research analysts have issued twelve-month target prices for Lazard's shares. Their forecasts range from $40.00 to $67.00. On average, they anticipate Lazard's share price to reach $52.00 in the next twelve months. This suggests a possible upside of 34.1% from the stock's current price. View Analyst Price Targets for Lazard.
What is the consensus analysts' recommendation for Lazard?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lazard.
Has Lazard been receiving favorable news coverage?
Press coverage about LAZ stock has been trending positive this week, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lazard earned a daily sentiment score of 2.6 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an effect on the company's share price in the next several days.
Who are some of Lazard's key competitors?
Some companies that are related to Lazard include LEG & GEN GRP P/S (LGGNY), Ameriprise Financial (AMP), Franklin Resources (BEN), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group (OAK), Apollo Global Management (APO), Affiliated Managers Group (AMG), Morningstar (MORN), Eaton Vance (EV), Janus Henderson Group (JHG), Evercore (EVR), MAN GRP PLC/ADR (MNGPY), AllianceBernstein (AB) and Houlihan Lokey (HLI).
Who are Lazard's key executives?
Lazard's management team includes the folowing people:
- Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 61)
- Mr. Ashish Bhutani, Vice Chairman & Managing Director (Age 59)
- Mr. Evan L. Russo J.D., Chief Financial Officer (Age 44)
- Mr. Alexander Franz Stern, Chief Operating Officer & CEO of Financial Advisory (Age 53)
- Mr. Scott D. Hoffman Esq., Chief Admin. Officer, MD, Gen. Counsel & Sec. (Age 56)
Who are Lazard's major shareholders?
Lazard's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Boston Advisors LLC (0.05%), North Star Investment Management Corp. (0.04%), Gofen & Glossberg LLC IL (0.02%), State of Alaska Department of Revenue (0.02%), Hudson Capital Management LLC (0.02%) and Evanson Asset Management LLC (0.02%). Company insiders that own Lazard stock include Alexander F Stern, Matthieu Bucaille and Scott D Hoffman. View Institutional Ownership Trends for Lazard.
Which institutional investors are selling Lazard stock?
LAZ stock was sold by a variety of institutional investors in the last quarter, including Sheets Smith Wealth Management, Boston Advisors LLC, Gofen & Glossberg LLC IL and Webster Bank N. A.. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern and Scott D Hoffman. View Insider Buying and Selling for Lazard.
Which institutional investors are buying Lazard stock?
LAZ stock was purchased by a variety of institutional investors in the last quarter, including North Star Investment Management Corp., First Hawaiian Bank, Hudson Capital Management LLC, Cerebellum GP LLC, State of Alaska Department of Revenue and Evanson Asset Management LLC. View Insider Buying and Selling for Lazard.
How do I buy shares of Lazard?
Shares of LAZ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Lazard's stock price today?
One share of LAZ stock can currently be purchased for approximately $38.79.
How big of a company is Lazard?
Lazard has a market capitalization of $4.88 billion and generates $2.70 billion in revenue each year. The asset manager earns $253.58 million in net income (profit) each year or $3.78 on an earnings per share basis. Lazard employs 2,843 workers across the globe.
What is Lazard's official website?
How can I contact Lazard?
Lazard's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM II. The asset manager can be reached via phone at 441-295-1422 or via email at [email protected]
MarketBeat Community Rating for Lazard (NYSE LAZ)
MarketBeat's community ratings are surveys of what our community members think about Lazard and other stocks. Vote "Outperform" if you believe LAZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LAZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
