NYSE:LAZ - Lazard Stock Price, Forecast & News

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

Lazard declared a quarterly dividend on Wednesday, October 30th. Investors of record on Monday, November 11th will be given a dividend of $0.47 per share on Friday, November 22nd. This represents a $1.88 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, November 7th. View Lazard's Dividend History.

Lazard Ltd (NYSE:LAZ) posted its quarterly earnings results on Thursday, October, 31st. The asset manager reported $0.76 EPS for the quarter, beating the Zacks' consensus estimate of $0.73 by $0.03. The asset manager had revenue of $588 million for the quarter, compared to analyst estimates of $612.98 million. Lazard had a return on equity of 50.66% and a net margin of 12.29%. Lazard's revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. View Lazard's Earnings History.

Lazard is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Lazard.

5 brokers have issued twelve-month price targets for Lazard's shares. Their forecasts range from $35.00 to $41.00. On average, they anticipate Lazard's share price to reach $37.80 in the next twelve months. This suggests that the stock has a possible downside of 2.6%. View Analyst Price Targets for Lazard.

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

Media stories about LAZ stock have trended negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Lazard earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned media headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Lazard.

Lazard saw a drop in short interest in November. As of November 15th, there was short interest totalling 3,020,000 shares, a drop of 19.7% from the October 31st total of 3,760,000 shares. Based on an average daily volume of 678,300 shares, the days-to-cover ratio is presently 4.5 days. Currently, 3.0% of the company's shares are sold short. View Lazard's Current Options Chain.

Some companies that are related to Lazard include Morgan Stanley (MS), Goldman Sachs Group (GS), Charles Schwab (SCHW), TD Ameritrade (AMTD), Raymond James (RJF), E*TRADE Financial (ETFC), LPL Financial (LPLA), Stifel Financial (SF), Evercore (EVR), BGC Partners (BGCP), Piper Jaffray Companies (PJC), INTL Fcstone (INTL), Cowen (COWN), Oppenheimer (OPY) and Greenhill & Co., Inc. (GHL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Lazard investors own include Bank of America (BAC), AbbVie (ABBV), AT&T (T), Micron Technology (MU), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Boeing (BA), NVIDIA (NVDA) and Verizon Communications (VZ).

Lazard's stock is owned by many different of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.58%), State Street Corp (1.17%), River Road Asset Management LLC (0.83%), Strs Ohio (0.75%), First Trust Advisors LP (0.50%) and California Public Employees Retirement System (0.27%). 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 Strs Ohio, Global Thematic Partners LLC, Tocqueville Asset Management L.P., River Road Asset Management LLC, Algebris UK Ltd, SG Americas Securities LLC, Voya Investment Management LLC and Gofen & Glossberg LLC IL. Company insiders that have sold Lazard company stock in the last year include Dominick Ragone and Scott D Hoffman. View Insider Buying and Selling for Lazard.

LAZ stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, AMG National Trust Bank, Adirondack Research & Management Inc., North Star Investment Management Corp., Boston Partners, Winmill & CO. Inc., California Public Employees Retirement System and McGuire Investment Group LLC. View Insider Buying and Selling for 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.

One share of LAZ stock can currently be purchased for approximately $38.79.

Lazard has a market capitalization of $4.37 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.View Additional Information About Lazard.

The official website for Lazard is http://www.lazard.com/.

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]