NYSE:LAZ - Lazard Stock Price, Price Target & More

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

Lazard declared a quarterly dividend on Wednesday, April 25th. Investors of record on Monday, May 7th will be given a dividend of $0.44 per share on Friday, May 18th. This represents a $1.76 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Friday, May 4th. This is an increase from Lazard's previous quarterly dividend of $0.12. View Lazard's Dividend History.

Lazard announced that its Board of Directors has authorized a share buyback plan on Thursday, October 26th 2017, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Lazard Ltd (NYSE:LAZ) posted its quarterly earnings results on Thursday, April, 26th. The asset manager reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.22. The asset manager had revenue of $724 million for the quarter, compared to analyst estimates of $652.99 million. Lazard had a return on equity of 44.63% and a net margin of 10.81%. The firm's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 EPS. View Lazard's Earnings History.

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Lazard.

8 brokerages have issued 1-year price targets for Lazard's stock. Their predictions range from $40.00 to $67.00. On average, they expect Lazard's share price to reach $60.2857 in the next twelve months. This suggests a possible upside of 18.6% from the stock's current price. View Analyst Ratings for Lazard.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Lazard include Blackstone Group (BX), Leg & Gen Grp P/S (LGGNY), Ameriprise Financial (AMP), Franklin Resources (BEN), KKR & Co Inc Class A (KKR), Invesco (IVZ), Affiliated Managers Group (AMG), Apollo Global Management LLC Class A (APO), Oaktree Capital Group (OAK), Eaton Vance (EV), Janus Henderson Group (JHG), Morningstar (MORN), Evercore (EVR), MAN Grp PLC/ADR (MNGPY) and Houlihan Lokey (HLI).

Headlines about LAZ stock have trended somewhat positive recently, according to Accern. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lazard earned a news sentiment score of 0.11 on Accern's scale. They also gave media headlines about the asset manager an impact score of 45.11 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Lazard's stock is owned by a number of of retail and institutional investors. Top institutional investors include Pendal Group Ltd (1.42%), Fisher Asset Management LLC (1.11%), Bank of Montreal Can (0.33%), Cornerstone Wealth Management LLC (0.17%), NN Investment Partners Holdings N.V. (0.07%) and Osborne Partners Capital Management LLC (0.06%). Company insiders that own Lazard stock include Alexander F Stern, Jane L Mendillo, Matthieu Bucaille 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 Fisher Asset Management LLC, Clinton Group Inc., Osborne Partners Capital Management LLC, Boyd Watterson Asset Management LLC OH, NN Investment Partners Holdings N.V. and Boston Advisors 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 for Lazard.

LAZ stock was acquired by a variety of institutional investors in the last quarter, including Pendal Group Ltd, Bank of Montreal Can, Cornerstone Wealth Management LLC, Sicart Associates LLC, North Star Investment Management Corp., Gofen & Glossberg LLC IL, Summit Financial Wealth Advisors LLC and Osborn Williams & Donohoe 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, Scottrade, Fidelity and Charles Schwab.

One share of LAZ stock can currently be purchased for approximately $50.82.

Lazard has a market capitalization of $6.61 billion and generates $2.70 billion in revenue each year. The asset manager earns $253.58 million in net income (profit) each year or $3.78 on an earnings per share basis. Lazard employs 2,843 workers across the globe.

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]