Lazard Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Lazard stock.
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Wall Street analysts have given Lazard a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Lazard wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Lazard is scheduled to release its next quarterly earnings announcement on Friday, July 30th 2021.
View our earnings forecast for Lazard.

Lazard Ltd (NYSE:LAZ) released its quarterly earnings data on Friday, April, 30th. The asset manager reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The asset manager had revenue of $679.40 million for the quarter, compared to analyst estimates of $640.24 million. Lazard had a net margin of 15.38% and a trailing twelve-month return on equity of 53.46%. The business's revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 EPS.
View Lazard's earnings history.

Lazard's stock was trading at $29.62 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LAZ shares have increased by 46.9% and is now trading at $43.50.
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Lazard announced a quarterly dividend on Friday, April 30th. Stockholders of record on Monday, May 10th will be given a dividend of $0.47 per share on Friday, May 21st. This represents a $1.88 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Friday, May 7th.
View Lazard's dividend history.

Lazard pays an annual dividend of $1.88 per share and currently has a dividend yield of 4.26%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Lazard does not yet have a strong track record of dividend growth. The dividend payout ratio of Lazard is 52.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lazard will have a dividend payout ratio of 40.52% next year. This indicates that Lazard will be able to sustain or increase its dividend.
View Lazard's dividend history.

7 brokers have issued 1-year target prices for Lazard's stock. Their forecasts range from $36.00 to $61.00. On average, they expect Lazard's stock price to reach $47.86 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
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96 employees have rated Lazard CEO Kenneth M. Jacobs on Glassdoor.com. Kenneth M. Jacobs has an approval rating of 98% among Lazard's employees. This puts Kenneth M. Jacobs in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Lazard include Morgan Stanley (MS), The Charles Schwab (SCHW), The Goldman Sachs Group (GS), Raymond James (RJF), LPL Financial (LPLA), Stifel Financial (SF), Evercore (EVR), BGC Partners (BGCP), Piper Jaffray Companies (PJC), Cowen (COWN), Oppenheimer (OPY), Greenhill & Co., Inc. (GHL), (FBRC) (FBRC) and Global Brokerage (GLBR).
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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), The Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Enterprise Products Partners (EPD), Micron Technology (MU), CVS Health (CVS) and QUALCOMM (QCOM).

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

Lazard's stock is owned by a variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (5.27%), JPMorgan Chase & Co. (4.31%), BlackRock Inc. (3.69%), Morgan Stanley (1.90%), Geode Capital Management LLC (1.41%) and Dimensional Fund Advisors LP (1.35%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone 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 Price T Rowe Associates Inc. MD, Arrowstreet Capital Limited Partnership, Barclays PLC, Citigroup Inc., Healthcare of Ontario Pension Plan Trust Fund, Principal Financial Group Inc., Principal Financial Group Inc., and Geode Capital Management LLC. 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 activity for Lazard or view top insider-selling stocks.

LAZ stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., BNP Paribas Arbitrage SA, JPMorgan Chase & Co., Jennison Associates LLC, MUFG Securities EMEA plc, Goldman Sachs Group Inc., and Bank of Nova Scotia.
View insider buying and selling activity for Lazard or or view top insider-buying stocks.

Shares of LAZ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LAZ stock can currently be purchased for approximately $43.50.

Lazard has a market capitalization of $4.57 billion and generates $2.65 billion in revenue each year. The asset manager earns $402.46 million in net income (profit) each year or $3.60 on an earnings per share basis.

Lazard employs 3,100 workers across the globe.

Lazard was founded in 1848.

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

Lazard is headquartered at CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM II.

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]