NYSE:LAZ - Lazard Stock Price, News, & Analysis

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$36.17 -0.21 (-0.58 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$36.38
Today's Range$36.00 - $36.80
52-Week Range$33.54 - $56.30
Volume963,685 shs
Average Volume1.06 million shs
Market Capitalization$4.69 billion
P/E Ratio8.69
Dividend Yield4.84%
Beta1.6
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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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$2.88 billion
Cash Flow$7.2052 per share
Book Value$7.48 per share

Profitability

Net Income$527.13 million

Miscellaneous

Employees2,996
Market Cap$4.69 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

Lazard (NYSE:LAZ) Frequently Asked Questions

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 None dividend on Monday, February 4th. Investors of record on Friday, February 15th will be given a dividend of $0.94 per share on Friday, March 1st. The ex-dividend date of this dividend is Thursday, February 14th. View Lazard's Dividend History.

How will Lazard's stock buyback program work?

Lazard declared that its board has approved a stock buyback plan on Thursday, October 26th 2017, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) announced its earnings results on Tuesday, February, 5th. The asset manager reported $0.94 earnings per share for the quarter, meeting the consensus estimate of $0.94. The asset manager had revenue of $685 million for the quarter, compared to the consensus estimate of $673.35 million. Lazard had a net margin of 18.27% and a return on equity of 50.62%. The business's revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 earnings per share. View Lazard's Earnings History.

When is Lazard's next earnings date?

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Lazard.

What price target have analysts set for LAZ?

5 brokerages have issued 1 year price objectives for Lazard's stock. Their forecasts range from $40.00 to $66.00. On average, they anticipate Lazard's share price to reach $49.00 in the next year. This suggests a possible upside of 35.5% from the stock's current price. View Analyst Price Targets for Lazard.

What is the consensus analysts' recommendation for Lazard?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lazard.

Has Lazard been receiving favorable news coverage?

News headlines about LAZ stock have trended somewhat negative on Tuesday, according to InfoTrie. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lazard earned a news impact score of -1.4 on InfoTrie's scale. They also gave press coverage about the asset manager a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future.

Are investors shorting Lazard?

Lazard saw a increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,641,058 shares, an increase of 70.1% from the February 28th total of 964,672 shares. Based on an average daily trading volume, of 1,293,189 shares, the short-interest ratio is currently 1.3 days. Currently, 1.3% of the company's shares are sold short. View Lazard's Current Options Chain.

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), AbbVie (ABBV), JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Micron Technology (MU), AT&T (T), Boeing (BA), General Electric (GE), Intel (INTC) and CVS Health (CVS).

Who are Lazard's key executives?

Lazard's management team includes the folowing 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, MD, Gen. Counsel & Sec. (Age 56)

Who are Lazard's major shareholders?

Lazard's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.88%), LSV Asset Management (2.94%), FMR LLC (1.98%), Fisher Asset Management LLC (1.33%), Norges Bank (1.18%) and Geode Capital Management LLC (1.08%). Company insiders that own Lazard stock include Alexander F Stern, Matthieu Bucaille and Scott D Hoffman. View Institutional Ownership Trends for Lazard.

Which major investors are selling Lazard stock?

LAZ stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Bank of Montreal Can, Hsbc Holdings PLC, Principal Financial Group Inc., Eaton Vance Management, Hosking Partners LLP, LSV Asset Management and Two Sigma Investments LP. View Insider Buying and Selling for Lazard.

Which major investors are buying Lazard stock?

LAZ stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, River Road Asset Management LLC, Bank of America Corp DE, Philadelphia Financial Management of San Francisco LLC, Raymond James & Associates, FMR LLC, BlackRock Inc. and RWC Asset Management LLP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Lazard's stock price today?

One share of LAZ stock can currently be purchased for approximately $36.17.

How big of a company is Lazard?

Lazard has a market capitalization of $4.69 billion and generates $2.88 billion in revenue each year. The asset manager earns $527.13 million in net income (profit) each year or $4.16 on an earnings per share basis. Lazard employs 2,996 workers across the globe.

What is Lazard's official website?

The official website for Lazard is http://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]


MarketBeat Community Rating for Lazard (NYSE LAZ)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  528 (Vote Outperform)
Underperform Votes:  502 (Vote Underperform)
Total Votes:  1,030
MarketBeat's community ratings are surveys of what our community members think about Lazard and other stocks. Vote "Outperform" if you believe LAZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LAZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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