NYSE:LAZ

Lazard (LAZ) Stock Price, News & Analysis

$40.80
+0.11 (+0.27%)
(As of 05/17/2024 ET)
Today's Range
$40.49
$40.95
50-Day Range
$37.15
$41.87
52-Week Range
$25.82
$42.24
Volume
562,150 shs
Average Volume
1.09 million shs
Market Capitalization
$4.60 billion
P/E Ratio
N/A
Dividend Yield
4.90%
Price Target
$45.67

Lazard MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
11.9% Upside
$45.67 Price Target
Short Interest
Healthy
3.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.07mentions of Lazard in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$2.95 M Sold Last Quarter
Proj. Earnings Growth
44.59%
From $3.05 to $4.41 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.86 out of 5 stars

Finance Sector

322nd out of 873 stocks

Investment Advice Industry

19th out of 47 stocks

LAZ stock logo

About Lazard Stock (NYSE:LAZ)

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. This segment offers its services to corporate, partnership, institutional, government, sovereign, and individual clients to various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, real estate, technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions; investment and wealth management services in equity and fixed income strategies; asset allocation 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, Inc. was incorporated in 1848 and is headquartered in New York, New York.

LAZ Stock Price History

LAZ Stock News Headlines

Lazard AM strengthens its global thematic team
Sarbjit Nahal Joins Lazard Asset Management
Lazard Reports April 2024 Assets Under Management
Lazard Reports April 2024 Assets Under Management
5 High-Yield Dividend Stocks to Buy in May
Lazard's (NYSE:LAZ) Dividend Will Be $0.50
Lazard, Inc. (LAZ) Q1 2024 Earnings Call Transcript
See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
2/09/2024
Dividend Payable
2/23/2024
Last Earnings
4/25/2024
Ex-Dividend for 5/17 Dividend
5/03/2024
Today
5/17/2024
Dividend Payable
5/17/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
Investment Banking & Brokerage
CUSIP
G5405010
Employees
3,291
Year Founded
1848

Price Target and Rating

Average Stock Price Target
$45.67
High Stock Price Target
$58.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+11.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-75,480,000.00
Pretax Margin
0.41%

Debt

Sales & Book Value

Annual Sales
$2.52 billion
Cash Flow
$4.94 per share
Book Value
$3.98 per share

Miscellaneous

Free Float
108,413,000
Market Cap
$4.60 billion
Optionable
Optionable
Beta
1.46

Social Links

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Key Executives

  • Mr. Kenneth Marc Jacobs (Age 65)
    Executive Chairman
    Comp: $2.97M
  • Mr. Peter R. Orszag (Age 55)
    CEO & Director
    Comp: $5.04M
  • Ms. Mary Ann Betsch (Age 45)
    Chief Financial Officer
    Comp: $1.56M
  • Ms. Alexandra Soto (Age 56)
    Chief Operating Officer
    Comp: $1.64M
  • Mr. Evan Lawrence Russo J.D. (Age 49)
    Chief Executive Officer of Asset Management
    Comp: $2.93M
  • Mr. Raymond J. McGuire (Age 67)
    President
  • Mr. Michael Gathy
    MD & Chief Accounting Officer
  • Mr. Pierre Tattevin (Age 67)
    Managing Director
  • Ms. Alexandra M. Deignan
    Head of Investor Relations
  • Mr. Christian A. Weideman (Age 48)
    General Counsel

LAZ Stock Analysis - Frequently Asked Questions

Should I buy or sell Lazard stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LAZ shares.
View LAZ analyst ratings
or view top-rated stocks.

What is Lazard's stock price target for 2024?

6 Wall Street research analysts have issued 12-month price targets for Lazard's shares. Their LAZ share price targets range from $31.00 to $58.00. On average, they predict the company's stock price to reach $45.67 in the next year. This suggests a possible upside of 11.9% from the stock's current price.
View analysts price targets for LAZ
or view top-rated stocks among Wall Street analysts.

How have LAZ shares performed in 2024?

Lazard's stock was trading at $34.80 at the beginning of 2024. Since then, LAZ stock has increased by 17.2% and is now trading at $40.80.
View the best growth stocks for 2024 here
.

Are investors shorting Lazard?

Lazard saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,550,000 shares, an increase of 37.1% from the April 15th total of 1,860,000 shares. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is currently 2.5 days. Approximately 3.2% of the company's stock are short sold.
View Lazard's Short Interest
.

When is Lazard's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our LAZ earnings forecast
.

How were Lazard's earnings last quarter?

Lazard, Inc. (NYSE:LAZ) posted its quarterly earnings results on Thursday, April, 25th. The asset manager reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.08. The asset manager earned $765 million during the quarter, compared to analysts' expectations of $678.57 million. Lazard had a positive trailing twelve-month return on equity of 37.27% and a negative net margin of 0.63%. The company's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.26) EPS.

How often does Lazard pay dividends? What is the dividend yield for Lazard?

Lazard announced a quarterly dividend on Wednesday, April 24th. Investors of record on Monday, May 6th will be given a dividend of $0.50 per share on Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Friday, May 3rd.
Read our dividend analysis for LAZ
.

Is Lazard a good dividend stock?

Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 4.98%. 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.

What is Kenneth M. Jacobs' approval rating as Lazard's CEO?

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.

What other stocks do shareholders of Lazard own?

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).

Who are Lazard's major shareholders?

Lazard's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.47%), Ariel Investments LLC (5.60%), Epoch Investment Partners Inc. (1.85%), Principal Financial Group Inc. (1.74%), Janus Henderson Group PLC (1.39%) and Mesirow Institutional Investment Management Inc. (0.33%). Insiders that own company stock include Alexander F Stern, Dominick Ragone, Evan L Russo, Michael Gathy and Scott D Hoffman.
View institutional ownership trends
.

How do I buy shares of Lazard?

Shares of LAZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LAZ) was last updated on 5/18/2024 by MarketBeat.com Staff

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