Lazard (LAZ) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LAZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LAZ, but not buy additional shares or sell existing shares.
View LAZ analyst ratings or view top-rated stocks.

6 brokerages have issued 1 year price objectives for Lazard's shares. Their LAZ share price forecasts range from $32.00 to $53.00. On average, they anticipate the company's share price to reach $40.20 in the next twelve months. This suggests a possible upside of 27.9% from the stock's current price.
View analysts price targets for LAZ or view top-rated stocks among Wall Street analysts.

Lazard's stock was trading at $34.67 on January 1st, 2023. Since then, LAZ shares have decreased by 9.3% and is now trading at $31.44.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our LAZ earnings forecast.

Lazard Ltd (NYSE:LAZ) posted its quarterly earnings data on Thursday, July, 27th. The asset manager reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.13. The asset manager earned $620 million during the quarter, compared to the consensus estimate of $572.06 million. Lazard had a trailing twelve-month return on equity of 30.45% and a net margin of 0.07%. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share.

Lazard declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Monday, August 7th will be given a dividend of $0.50 per share on Friday, August 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.36%. The ex-dividend date of this dividend is Friday, August 4th.
Read our dividend analysis for LAZ.

ETFs with the largest weight of Lazard (NYSE:LAZ) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), Invesco KBW High Dividend Yield Financial ETF (KBWD), iShares Factors US Value Style ETF (STLV), Cultivar ETF (CVAR) and Schwab Ariel ESG ETF (SAEF).ALPS O'Shares U.S. Small-Cap Quality Dividend ETF Shares (OUSM).

Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 6.36%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for LAZ.

96 employees have rated Lazard Chief Executive Officer Kenneth M. Jacobs on Glassdoor.com. Kenneth M. Jacobs has an approval rating of 98% among the company's employees. This puts Kenneth M. Jacobs in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lazard investors own include Bank of America (BAC), AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Enterprise Products Partners (EPD), Micron Technology (MU), CVS Health (CVS) and QUALCOMM (QCOM).

Lazard trades on the New York Stock Exchange (NYSE) under the ticker symbol "LAZ."

Lazard's stock is owned by a variety of institutional and retail investors. Top institutional investors include Ariel Investments LLC (6.44%), BlackRock Inc. (4.11%), Charles Schwab Investment Management Inc. (2.43%), Epoch Investment Partners Inc. (2.04%), Fisher Asset Management LLC (1.87%) and State Street Corp (1.85%). Insiders that own company stock include Alexander F Stern, Dominick Ragone and Scott D Hoffman.
View institutional ownership trends.

Shares of LAZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LAZ stock can currently be purchased for approximately $31.44.

Lazard (NYSE:LAZ) has a market capitalization of $3.55 billion and generates $2.86 billion in revenue each year. The asset manager earns $357.52 million in net income (profit) each year or ($0.18) on an earnings per share basis.

The company employs 3,402 workers across the globe.

Lazard's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM II. The official website for the company is www.lazard.com. The asset manager can be reached via phone at (212) 632-6000, via email at alexandra.deignan@lazard.com, or via fax at 441-292-4720.