NYSE:LAZ - Lazard Stock Price, News, & Analysis

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

Lazard declared a quarterly dividend on Wednesday, July 25th. Stockholders of record on Monday, August 6th will be paid a dividend of $0.44 per share on Friday, August 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Friday, August 3rd. View Lazard's Dividend History.

Lazard announced that its Board of Directors has authorized a share buyback program on Thursday, October 26th 2017, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Lazard Ltd (NYSE:LAZ) released its earnings results on Thursday, July, 26th. The asset manager reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.18. The asset manager earned $741 million during the quarter, compared to the consensus estimate of $663.44 million. Lazard had a net margin of 11.58% and a return on equity of 47.49%. Lazard's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. View Lazard's Earnings History.

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for Lazard.

8 analysts have issued twelve-month price targets for Lazard's stock. Their predictions range from $40.00 to $67.00. On average, they expect Lazard's stock price to reach $60.2857 in the next year. This suggests a possible upside of 23.2% from the stock's current price. View Analyst Price Targets for Lazard.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lazard.

Some companies that are related to Lazard include Blackstone Group (BX), Ameriprise Financial (AMP), Leg & Gen Grp P/S (LGGNY), Franklin Resources (BEN), KKR & Co Inc (KKR), Invesco (IVZ), Affiliated Managers Group (AMG), Apollo Global Management LLC Class A (APO), Oaktree Capital Group (OAK), Eaton Vance (EV), Janus Henderson Group (JHG), Morningstar (MORN), Evercore (EVR), MAN Grp PLC/ADR (MNGPY) and Moelis & Co (MC).

Media coverage about LAZ stock has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lazard earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave media coverage about the asset manager an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for Lazard.

Lazard's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.69%), Ariel Investments LLC (3.42%), LSV Asset Management (3.14%), FMR LLC (2.35%), FMR LLC (2.35%) and Voya Investment Management LLC (1.87%). Company insiders that own Lazard stock include Alexander F Stern, Matthieu Bucaille and Scott D Hoffman. View Institutional Ownership Trends for Lazard.

LAZ stock was sold by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, Voya Investment Management LLC, Russell Investments Group Ltd., Morgan Stanley, Pinnacle Associates Ltd., Global Thematic Partners LLC, Meadow Creek Investment Management LLC and First Trust Advisors LP. 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.

LAZ stock was purchased by a variety of institutional investors in the last quarter, including Pendal Group Ltd, Acadian Asset Management LLC, Bank of Montreal Can, Caisse DE Depot ET Placement DU Quebec, Cornerstone Wealth Management LLC, Bank of America Corp DE, Jennison Associates LLC and Adams Diversified Equity Fund Inc.. View Insider Buying and Selling for 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.

One share of LAZ stock can currently be purchased for approximately $48.94.

Lazard has a market capitalization of $6.31 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.

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]