S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
NYSE:LAZ

Lazard (LAZ) Stock Price, News & Analysis

$37.91
+0.08 (+0.21%)
(As of 04/19/2024 ET)
Today's Range
$37.66
$38.32
50-Day Range
$37.15
$41.87
52-Week Range
$25.82
$42.24
Volume
796,298 shs
Average Volume
750,323 shs
Market Capitalization
$4.28 billion
P/E Ratio
N/A
Dividend Yield
5.28%
Price Target
$46.00

Lazard MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
21.3% Upside
$46.00 Price Target
Short Interest
Healthy
2.63% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.08mentions of Lazard in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$2.97 M Sold Last Quarter
Proj. Earnings Growth
37.89%
From $3.22 to $4.44 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.

4.25 out of 5 stars

Finance Sector

220th out of 857 stocks

Investment Advice Industry

13th 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

“More countries ditch the US dollar”
Since March 2018, China started purchasing oil in gold-backed yuan. By December 2022, Foreign Minister Wang Yi stated that Chinese-Arab relations experienced a "historic improvement." after arab nations ditched the dollar to trade with China. On June 6, 2023 China told its banks to slash interest rates on US dollars.
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Lazard (LAZ) Scheduled to Post Earnings on Thursday
“More countries ditch the US dollar”
Since March 2018, China started purchasing oil in gold-backed yuan. By December 2022, Foreign Minister Wang Yi stated that Chinese-Arab relations experienced a "historic improvement." after arab nations ditched the dollar to trade with China. On June 6, 2023 China told its banks to slash interest rates on US dollars.
The biggest 2024 Draft needs for all 32 NFL teams
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 2/23 Dividend
2/09/2024
Dividend Payable
2/23/2024
Today
4/21/2024
Next Earnings (Confirmed)
4/25/2024
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
$46.00
High Stock Price Target
$58.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+21.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-75,480,000.00
Pretax Margin
-3.18%

Debt

Sales & Book Value

Annual Sales
$2.52 billion
Cash Flow
$4.86 per share
Book Value
$4.28 per share

Miscellaneous

Free Float
108,413,000
Market Cap
$4.28 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
  • 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
  • Ms. Shannon Houston
    Global Head of Communications & Marketing
  • Mr. David S. Kurtz
    Vice Chairman of U.S. Investment Banking & Head of Global Restructuring
  • Mr. Mark McMaster
    Global Head of M&A
  • Mr. William H. Riddle Jr.
    Chairman of the Private Capital Advisory Business

LAZ Stock Analysis - Frequently Asked Questions

Should I buy or sell Lazard stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last twelve months. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research 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 equities research analysts have issued 12 month price targets for Lazard's stock. Their LAZ share price targets range from $31.00 to $58.00. On average, they anticipate the company's stock price to reach $46.00 in the next year. This suggests a possible upside of 21.3% 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 the year. Since then, LAZ stock has increased by 8.9% and is now trading at $37.91.
View the best growth stocks for 2024 here
.

Are investors shorting Lazard?

Lazard saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,120,000 shares, a decrease of 27.9% from the March 15th total of 2,940,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.6% of the company's shares are sold short.
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, April 25th 2024.
View our LAZ earnings forecast
.

How can I listen to Lazard's earnings call?

Lazard will be holding an earnings conference call on Thursday, April 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-0689.

How were Lazard's earnings last quarter?

Lazard, Inc. (NYSE:LAZ) released its earnings results on Thursday, February, 1st. The asset manager reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.31. The asset manager earned $825.70 million during the quarter, compared to analyst estimates of $666.56 million. Lazard had a negative net margin of 2.93% and a positive trailing twelve-month return on equity of 16.43%. Lazard's revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share.

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

Lazard declared a quarterly dividend on Wednesday, January 31st. Shareholders of record on Monday, February 12th will be paid a dividend of $0.50 per share on Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date is Friday, February 9th.
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 5.28%. 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 a variety of retail and institutional investors. Top institutional investors include O Keefe Stevens Advisory Inc. (0.18%), Gilman Hill Asset Management LLC (0.01%), Maryland State Retirement & Pension System (0.01%), O ROURKE & COMPANY Inc (0.01%) and Allspring Global Investments Holdings LLC (0.00%). 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 4/21/2024 by MarketBeat.com Staff

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