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NYSE:LAZLazard Stock Price, Forecast & News

$32.26
-0.04 (-0.12 %)
(As of 08/12/2020 11:18 AM ET)
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Compare
Today's Range
$32.24
Now: $32.26
$32.83
50-Day Range
$27.23
MA: $28.91
$32.11
52-Week Range
$20.94
Now: $32.26
$44.95
Volume7,253 shs
Average Volume811,409 shs
Market Capitalization$3.39 billion
P/E Ratio14.09
Dividend Yield5.85%
Beta1.75
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.
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Lazard logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.9Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.35 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
CUSIPG5405010
Phone441-295-1422

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.67 billion
Cash Flow$7.89 per share
Book Value$6.49 per share

Profitability

Net Income$286.50 million

Miscellaneous

Employees3,018
Market Cap$3.39 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$32.26
-0.04 (-0.12 %)
(As of 08/12/2020 11:18 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Lazard (NYSE:LAZ) Frequently Asked Questions

How has Lazard's stock been impacted by COVID-19 (Coronavirus)?

Lazard's stock was trading at $29.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LAZ stock has increased by 8.9% and is now trading at $32.26.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Lazard?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Lazard
.

When is Lazard's next earnings date?

Lazard is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Lazard
.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) released its earnings results on Friday, July, 31st. The asset manager reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.31. The asset manager earned $572.30 million during the quarter, compared to analyst estimates of $513.36 million. Lazard had a return on equity of 51.35% and a net margin of 10.43%. The firm's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share.
View Lazard's earnings history
.

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

Lazard announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.47 per share on Friday, August 21st. This represents a $1.88 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Friday, August 7th.
View Lazard's dividend history
.

What price target have analysts set for LAZ?

9 brokerages have issued twelve-month target prices for Lazard's stock. Their forecasts range from $24.00 to $48.00. On average, they anticipate Lazard's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
View analysts' price targets for Lazard
.

Has Lazard been receiving favorable news coverage?

Press coverage about LAZ stock has trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Lazard earned a news impact score of 1.0 on InfoTrie's scale. They also assigned news headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about Lazard
.

Are investors shorting Lazard?

Lazard saw a decrease in short interest during the month of January. As of January 31st, there was short interest totaling 2,920,000 shares, a decrease of 25.1% from the January 15th total of 3,900,000 shares. Based on an average trading volume of 798,500 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.9% of the shares of the company are short sold.
View Lazard's Short Interest
.

Who are some of Lazard's key competitors?

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), Enterprise Products Partners (EPD), Micron Technology (MU), Verizon Communications (VZ), Walt Disney (DIS), JPMorgan Chase & Co. (JPM) and CVS Health (CVS).

Who are Lazard's key executives?

Lazard's management team includes the following people:
  • Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 61)
  • Mr. Ashish Bhutani, Vice Chairman & MD (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, Gen. Counsel & Sec. (Age 56)

What is Lazard's stock symbol?

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

Who are Lazard's major shareholders?

Lazard's stock is owned by a number of institutional and retail investors. Top institutional investors include LSV Asset Management (2.27%), Fisher Asset Management LLC (1.41%), Hosking Partners LLP (0.66%), Jennison Associates LLC (0.51%), Raymond James & Associates (0.37%) and Private Capital Advisors Inc. (0.29%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone 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 LSV Asset Management, Strs Ohio, Russell Investments Group Ltd., Jennison Associates LLC, Robeco Institutional Asset Management B.V., Lathrop Investment Management Corp, Vident Investment Advisory LLC, and Vident Investment Advisory LLC. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern, Dominick Ragone, and Scott D Hoffman.
View insider buying and selling activity for Lazard
.

Which institutional investors are buying Lazard stock?

LAZ stock was bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Blue Harbour Group L.P., HighTower Advisors LLC, Private Capital Advisors Inc., UBS Group AG, SG Americas Securities LLC, First Trust Advisors LP, and Gilman Hill Asset Management LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Lazard's stock price today?

One share of LAZ stock can currently be purchased for approximately $32.26.

How big of a company is Lazard?

Lazard has a market capitalization of $3.39 billion and generates $2.67 billion in revenue each year. The asset manager earns $286.50 million in net income (profit) each year or $3.28 on an earnings per share basis. Lazard employs 3,018 workers across the globe.

What is Lazard's official website?

The official website for Lazard is www.lazard.com.

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]

This page was last updated on 8/12/2020 by MarketBeat.com Staff

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