Lazard Company Profile (NYSE:LAZ)

About Lazard

Lazard logoLazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates in two business segments: Financial Advisory and Asset Management. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters. Its Asset Management business segment offers a range of investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients. It operates from approximately 40 cities in key business and financial centers over 25 countries.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Asset Management
  • Sub-Industry: Investment Banking & Brokerage
  • Exchange: NYSE
  • Symbol: LAZ
  • CUSIP: G5405010
Key Metrics:
  • Previous Close: $42.41
  • 50 Day Moving Average: $42.24
  • 200 Day Moving Average: $39.09
  • 52-Week Range: $26.21 - $44.35
  • Trailing P/E Ratio: 14.52
  • Foreward P/E Ratio: 11.95
  • P/E Growth: 2.55
  • Market Cap: $5.22B
  • Outstanding Shares: 123,170,000
  • Beta: 1.91
Profitability:
  • Net Margins: 16.26%
  • Return on Equity: 32.97%
  • Return on Assets: 9.81%
Debt:
  • Debt-to-Equity Ratio: 0.77%
  • Current Ratio: 2.04%
  • Quick Ratio: 2.04%
Additional Links:
Companies Related to Lazard:

Analyst Ratings

Consensus Ratings for Lazard (NYSE:LAZ) (?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.43)
Consensus Price Target: $45.29 (6.78% upside)

Analysts' Ratings History for Lazard (NYSE:LAZ)
Show:
DateFirmActionRatingPrice TargetDetails
2/17/2017Keefe, Bruyette & WoodsInitiated CoverageOutperform$51.00View Rating Details
2/5/2017Credit Suisse GroupReiterated RatingBuy$50.00View Rating Details
1/20/2017Raymond James Financial, Inc.DowngradeStrong-Buy -> Outperform$45.00View Rating Details
1/6/2017InstinetDowngradeBuy -> Neutral$43.00View Rating Details
1/5/2017NomuraDowngradeBuy -> NeutralView Rating Details
12/14/2016Bank of America CorpInitiated CoverageUnderperform$40.00View Rating Details
10/27/2016Rafferty Capital MarketsUpgradeHold -> Buy$41.00View Rating Details
2/3/2016ArgusReiterated RatingBuy$56.00 -> $45.00View Rating Details
2/3/2016Susquehanna Bancshares IncReiterated RatingBuy$53.00 -> $50.00View Rating Details
2/3/2016Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformView Rating Details
1/13/2016JMP SecuritiesLower Price Target$60.00 -> $58.00View Rating Details
1/12/2016Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$56.00 -> $48.00View Rating Details
10/7/2015Sandler O'NeillUpgradeHold -> BuyView Rating Details
(Data available from 2/26/2015 forward)

Earnings

Earnings History for Lazard (NYSE:LAZ)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/19/2017        
2/2/2017Q416$1.01$1.13$679.51 million$685.00 millionViewListenView Earnings Details
10/27/2016Q316$0.81$0.85$593.03 million$611.00 millionViewListenView Earnings Details
7/28/2016Q216$0.58$0.61$542.68 million$542.30 millionViewListenView Earnings Details
4/21/2016Q116$0.65$0.50$573.20 million$506.00 millionViewListenView Earnings Details
2/2/2016Q415$0.88$0.92$574.92 million$593.20 millionViewListenView Earnings Details
10/22/2015Q315$0.90$0.93$607.69 million$594.00 millionViewListenView Earnings Details
7/23/2015Q215$0.77$0.98$586.53 million$607.00 millionViewListenView Earnings Details
4/23/2015Q115$0.70$0.77$561.07 million$581.00 millionViewN/AView Earnings Details
2/5/2015Q4$1.07$1.29$617.43 million$645.80 millionViewN/AView Earnings Details
10/23/2014Q314$0.64$0.67$555.75 million$583.00 millionViewListenView Earnings Details
7/24/2014Q214$0.58$0.64$530.30 million$571.00 millionViewN/AView Earnings Details
5/1/2014Q114$0.54$0.61$514.80 million$540.00 millionViewN/AView Earnings Details
2/5/2014Q413$0.61$0.81$558.40 million$620.00 millionViewListenView Earnings Details
10/24/2013Q313$0.37$0.46$457.79 million$489.00 millionViewListenView Earnings Details
7/25/2013Q2 2013$0.34$0.45$448.74 million$511.00 millionViewListenView Earnings Details
4/26/2013Q1 2013$0.31$0.28$455.78 million$414.00 millionViewListenView Earnings Details
2/7/2013Q4 2012$0.33$0.61$477.20 million$574.00 millionViewListenView Earnings Details
10/25/2012$0.22$0.26ViewN/AView Earnings Details
7/26/2012$0.29$0.25ViewN/AView Earnings Details
4/27/2012$0.23$0.33ViewN/AView Earnings Details
2/6/2012$0.38$0.01ViewN/AView Earnings Details
10/27/2011$0.43$0.39ViewN/AView Earnings Details
7/28/2011$0.52$0.48ViewN/AView Earnings Details
4/27/2011$0.43$0.43ViewN/AView Earnings Details
2/2/2011$0.63$0.76ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Lazard (NYSE:LAZ)
Current Year EPS Consensus Estimate: $3.25 EPS
Next Year EPS Consensus Estimate: $3.55 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.73$0.80$0.77
Q2 20162$0.85$0.87$0.86
Q3 20161$0.79$0.79$0.79
Q4 20161$0.99$0.99$0.99
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Lazard (NYSE:LAZ)
Annual Dividend:$1.52
Dividend Yield:3.58%
Dividend Growth:25.70% (3 Year Average)
Payout Ratio:52.05% (Based on Trailing 12 Months of Earnings)
46.77% (Based on Current Year Consensus EPS Estimate)
42.82% (Based on Next Year Consensus EPS Estimate)
Track Record:6 Years of Consecutive Dividend Growth

Dividend History for Lazard (NYSE:LAZ)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/1/2017quarterly$0.3811.04%2/9/20172/13/20172/24/2017
10/26/2016Quarterly$0.384.1%11/3/201611/7/201611/18/2016
7/27/2016Quarterly$0.388/4/20168/8/20168/19/2016
4/21/2016quarterly$0.384.07%4/29/20165/3/20165/13/2016
2/1/2016special$0.354.21%2/9/20162/11/20162/26/2016
10/22/2015quarterly$0.352.94%10/29/201511/2/201511/13/2015
7/23/2015quarterly$0.352.47%7/30/20158/3/20158/14/2015
4/23/2015quarterly$0.352.49%4/30/20155/4/20155/15/2015
2/4/2015special$0.302.36%2/11/20152/13/20152/19/2015
10/22/2014quarterly$0.302.45%10/30/201411/3/201411/14/2014
7/23/2014quarterly$0.302.29%7/31/20148/4/20148/15/2014
4/30/2014quarterly$0.302.45%5/8/20145/12/20145/23/2014
1/29/2014quarterly$0.302.81%2/6/20142/10/20142/21/2014
12/10/2013special$0.252.33%12/18/201312/20/201312/27/2013
12/12/2012quarterly$0.2012/19/201212/21/201212/27/2012
12/11/2012special$0.2012/19/201212/21/201212/27/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Lazard (NYSE:LAZ)
Insider Ownership Percentage: 2.20%
Institutional Ownership Percentage: 70.45%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/9/2016Scott D. HoffmanGeneral CounselSell42,000$34.92$1,466,640.00View SEC Filing  
8/2/2016Jane L. MendilloDirectorBuy1,400$35.22$49,308.00View SEC Filing  
3/3/2015Alexander F SternCOOSell63,000$50.80$3,200,400.00View SEC Filing  
2/20/2014Alexander F SternCOOSell44,312$44.56$1,974,542.72View SEC Filing  
2/19/2014Ashish BhutaniCEOSell145,947$45.15$6,589,507.05View SEC Filing  
2/12/2014Alexander F SternCOOSell61,877$42.87$2,652,666.99View SEC Filing  
3/12/2013Alexander F SternCOOSell60,000$36.56$2,193,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Lazard (NYSE:LAZ)
DateHeadline
News IconWhat are the Technical Charts Saying About Lazard Ltd (LAZ) - BVN (NYSE:LAZ)
bvnewsjournal.com - February 25 at 8:26 AM
News IconThe Credit Suisse Group Reaffirms Buy Rating for Lazard Ltd. (LAZ) - Petro Global News 24 (NYSE:LAZ)
petroglobalnews24.com - February 25 at 8:26 AM
seekingalpha.com logoBoutique, un-diversified M&A advisers like Greenhill & Co and Lazard will be worst hit. - Seeking Alpha (NYSE:LAZ)
seekingalpha.com - February 25 at 8:26 AM
4-traders.com logoLAZARD : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K) (NYSE:LAZ)
www.4-traders.com - February 24 at 7:28 PM
biz.yahoo.com logoLAZARD LTD Files SEC form 10-K, Annual Report (NYSE:LAZ)
biz.yahoo.com - February 24 at 7:28 PM
News IconWhat are Brokerage Firms Saying About Lazard Ltd. (NYSE:LAZ)? - Aiken Advocate (NYSE:LAZ)
aikenadvocate.com - February 23 at 5:23 AM
trustnet.com logoNotification of Controlling Interest (NYSE:LAZ)
www.trustnet.com - February 22 at 11:26 PM
News IconAre Analysts Optimistic About Where Lazard Ltd. (NYSE:LAZ) is Heading? - Winfield Review (NYSE:LAZ)
winfieldreview.com - February 22 at 12:20 PM
News IconDeal Watch: Two Big Firms Advise on Scuttled Unilever-Kraft Heinz Merger (NYSE:LAZ)
www.americanlawyer.com - February 20 at 5:39 PM
bloomberg.com logoLloyd’s of London Appoints Bruce Carnegie-Brown as Chairman (NYSE:LAZ)
washpost.bloomberg.com - February 20 at 10:20 AM
us.rd.yahoo.com logoCoverage initiated on Lazard by Keefe Bruyette (NYSE:LAZ)
us.rd.yahoo.com - February 18 at 12:04 PM
finance.yahoo.com logoHas Lazard Now Become Too Big To Ignore? (NYSE:LAZ)
finance.yahoo.com - February 17 at 4:25 PM
bloomberg.com logoBig Cheese Meets Big Stink (NYSE:LAZ)
www.bloomberg.com - February 17 at 9:26 AM
uk.finance.yahoo.com logoLazard big winner if Kraft Heinz eats Unilever (NYSE:LAZ)
uk.finance.yahoo.com - February 17 at 9:26 AM
4-traders.com logoLazard : World Dividend & Income Fund Declares Monthly Distribution (NYSE:LAZ)
www.4-traders.com - February 16 at 9:59 PM
streetinsider.com logoForm 4 Lazard Ltd For: Feb 15 Filed by: Alper Andrew M (NYSE:LAZ)
www.streetinsider.com - February 16 at 9:59 PM
News IconSell-side is Weighing in on Lazard Ltd. (NYSE:LAZ) Earnings - Aiken Advocate (NYSE:LAZ)
aikenadvocate.com - February 15 at 8:53 PM
streetinsider.com logoForm SC 13G/A Lazard Ltd Filed by: ARIEL INVESTMENTS, LLC - StreetInsider.com (NYSE:LAZ)
www.streetinsider.com - February 15 at 12:42 AM
ft.com logo[$$] Greece plans to appoint Rothchild as debt adviser (NYSE:LAZ)
www.ft.com - February 14 at 12:23 AM
News IconMarket View: Technicals in Focus for Lazard Ltd. (LAZ) - Benton Bulletin (NYSE:LAZ)
bentonbulletin.com - February 13 at 7:20 PM
News IconShares of Lazard Ltd. (LAZ) Sees Large Outflow of Money - Highland Mirror (NYSE:LAZ)
www.highlandmirror.com - February 10 at 12:20 AM
capitalcube.com logoLazard Ltd. :LAZ-US: Earnings Analysis: 2016 By the Numbers : February 9, 2017 (NYSE:LAZ)
www.capitalcube.com - February 9 at 7:12 PM
News IconRecommendations in focus for Lazard Ltd. (NYSE:LAZ)? - Midway Monitor (NYSE:LAZ)
midwaymonitor.com - February 9 at 5:05 AM
capitalcube.com logoLazard Ltd. :LAZ-US: Earnings Analysis: Q4, 2016 By the Numbers : February 8, 2017 (NYSE:LAZ)
www.capitalcube.com - February 8 at 7:01 PM
bloomberg.com logoTompkins's Heirs Said to Tap Lazard to Sell Argentine Ranches - Bloomberg (NYSE:LAZ)
www.bloomberg.com - February 8 at 5:55 AM
businesswire.com logoLazard Chairman and Chief Executive Officer Kenneth M. Jacobs to Speak at the 2017 Credit Suisse Financial ... - Business Wire (press release) (NYSE:LAZ)
www.businesswire.com - February 8 at 5:55 AM
reuters.com logoMOVES-Hermes Investment names new head of consultant relations (NYSE:LAZ)
www.reuters.com - February 8 at 12:34 AM
News IconSADIF Analytics releases new summary due diligence report for Lazard Ltd ($LAZ). (NYSE:LAZ)
reports.pr-inside.com - February 7 at 7:33 PM
bloomberg.com logoLazard’s Temple Says Time to Reshape Portfolio on Inflation Risk (NYSE:LAZ)
www.bloomberg.com - February 7 at 7:32 PM
News IconAs Lazard LTD (LAZ) Share Value Rose, Shareholder Algebris Investments Llp Has Cut Its Stake by $5.37 Million (NYSE:LAZ)
randolphguide.com - February 6 at 6:21 PM
finance.yahoo.com logoLazard Chairman and Chief Executive Officer Kenneth M. Jacobs to Speak at the 2017 Credit Suisse Financial Services Forum (NYSE:LAZ)
finance.yahoo.com - February 6 at 6:20 PM
News IconShould income investors buy Lazard Ltd (LAZ) before its ex-dividend date? (NYSE:LAZ)
simplywall.st - February 5 at 5:58 PM
seekingalpha.com logoLazard (LAZ) Q4 2016 Results - Earnings Call Transcript - Seeking Alpha (NYSE:LAZ)
seekingalpha.com - February 4 at 6:14 PM
us.rd.yahoo.com logoEdited Transcript of LAZ earnings conference call or presentation 2-Feb-17 1:00pm GMT (NYSE:LAZ)
us.rd.yahoo.com - February 2 at 11:59 PM
streetinsider.com logoLazard Ltd. (LAZ) Tops Q4 EPS by 12c (NYSE:LAZ)
www.streetinsider.com - February 2 at 6:59 PM
marketwatch.com logoLazard revenue boosted by restructuring business (NYSE:LAZ)
www.marketwatch.com - February 2 at 6:59 PM
reuters.com logoBRIEF-Lazard Q4 adjusted earnings per share $1.13 (NYSE:LAZ)
www.reuters.com - February 2 at 6:59 PM
seekingalpha.com logoLazard Ltd. 2016 Q4 - Results - Earnings Call Slides (NYSE:LAZ)
seekingalpha.com - February 2 at 6:59 PM
us.rd.yahoo.com logoLazard Ltd Reports Full-Year and Fourth-Quarter 2016 Results (NYSE:LAZ)
us.rd.yahoo.com - February 2 at 6:59 PM
us.rd.yahoo.com logo6:51 am Lazard beats by $0.14, misses on revs (NYSE:LAZ)
us.rd.yahoo.com - February 2 at 6:59 PM
finance.yahoo.com logoLazard's profit slumps 19 pct as costs rise (NYSE:LAZ)
finance.yahoo.com - February 2 at 6:59 PM
biz.yahoo.com logoQ4 2016 Lazard Ltd Earnings Release - Before Market Open (NYSE:LAZ)
biz.yahoo.com - February 2 at 6:59 PM
biz.yahoo.com logoLazard Ltd Earnings Call scheduled for 8:00 am ET today (NYSE:LAZ)
biz.yahoo.com - February 2 at 6:59 PM
wsj.com logo[$$] Lazard Revenue Rises as Restructuring Business Helps Results (NYSE:LAZ)
www.wsj.com - February 2 at 6:59 PM
finance.yahoo.com logoLazard's quarterly earnings beat on M&A boost (NYSE:LAZ)
finance.yahoo.com - February 2 at 6:59 PM
reuters.com logoBRIEF-Lazard declares special dividend and quarterly dividend (NYSE:LAZ)
www.reuters.com - February 2 at 5:07 AM
biz.yahoo.com logoLazard Ltd Earnings Call (Q4 2016) (NYSE:LAZ)
biz.yahoo.com - February 2 at 5:07 AM
businesswire.com logoLazard Declares Special Dividend and Quarterly Dividend - Business Wire (press release) (NYSE:LAZ)
www.businesswire.com - February 2 at 12:04 AM
News IconIn It For The Long Haul? Long Term Growth Pick: Lazard Ltd (NYSE:LAZ) - Aiken Advocate (NYSE:LAZ)
aikenadvocate.com - February 2 at 12:04 AM
streetinsider.com logoLazard Ltd. (LAZ) Declares $1.20 Special Dividend; 2.8% Yield - StreetInsider.com (NYSE:LAZ)
www.streetinsider.com - February 2 at 12:04 AM

Social

What is Lazard's stock symbol?

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

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

Lazard announced a quarterly dividend on Wednesday, February 1st. Stockholders of record on Monday, February 13th will be paid a dividend of $0.38 per share on Friday, February 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Thursday, February 9th.

Where is Lazard's stock going? Where will Lazard's stock price be in 2017?

7 brokerages have issued 1 year price targets for Lazard's shares. Their forecasts range from $40.00 to $51.00. On average, they expect Lazard's stock price to reach $45.29 in the next year.

When will Lazard announce their earnings?

Lazard is scheduled to release their next quarterly earnings announcement on Wednesday, April, 19th 2017.

Who owns Lazard stock?

Lazard's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Franklin Resources Inc. (2.12%), Columbia Wanger Asset Management LLC (1.87%), RidgeWorth Capital Management LLC (1.41%), State Street Corp (1.28%), Royce & Associates LP (1.20%) and Systematic Financial Management LP (1.00%). Company insiders that own Lazard stock include Alexander F Stern, Jane L Mendillo and Scott D Hoffman.

Who sold Lazard stock? Who is selling Lazard stock?

Lazard's stock was sold by a variety of institutional investors in the last quarter, including RidgeWorth Capital Management LLC, Systematic Financial Management LP, Columbia Wanger Asset Management LLC, Royce & Associates LP, Raymond James Financial Services Advisors Inc., FMR LLC, Franklin Resources Inc. and Pinnacle Associates Ltd..

Who bought Lazard stock? Who is buying Lazard stock?

Lazard's stock was purchased by a variety of institutional investors in the last quarter, including Federated Investors Inc. PA, Renaissance Technologies LLC, I.G. Investment Management LTD., Russell Investments Group Ltd., Chiron Investment Management LLC, Sustainable Insight Capital Management LLC, Rudman Errol M and Sicart Associates LLC.

How do I buy Lazard stock?

Shares of Lazard can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Lazard stock cost?

One share of Lazard stock can currently be purchased for approximately $42.41.

Lazard (NYSE:LAZ) Chart for Sunday, February, 26, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Lazard (NYSE:LAZ)

Earnings History Chart

Earnings by Quarter for Lazard (NYSE:LAZ)

Dividend History Chart

Dividend Payments by Quarter for Lazard (NYSE:LAZ)

Last Updated on 2/26/2017 by MarketBeat.com Staff