S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ruling halts oil exports from Iraq's Kurdish area via Turkey
Banking Nightmare (Ad)
Travel disruption hits Germany on eve of transport strike
Ukraine demands emergency UN meeting over Putin nuclear plan
"Prepare for Five Years of Famine" (Ad)
Technical issues at Lufthansa cause delays in Frankfurt
Venezuela: 21 officials, businessmen arrested in oil scheme
Bank Accounts: Frozen! (Ad)
Finnish leadership condemns attack on veteran lawmaker
Canada pledges Great Lakes funding after Trudeau-Biden talks
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ruling halts oil exports from Iraq's Kurdish area via Turkey
Banking Nightmare (Ad)
Travel disruption hits Germany on eve of transport strike
Ukraine demands emergency UN meeting over Putin nuclear plan
"Prepare for Five Years of Famine" (Ad)
Technical issues at Lufthansa cause delays in Frankfurt
Venezuela: 21 officials, businessmen arrested in oil scheme
Bank Accounts: Frozen! (Ad)
Finnish leadership condemns attack on veteran lawmaker
Canada pledges Great Lakes funding after Trudeau-Biden talks
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ruling halts oil exports from Iraq's Kurdish area via Turkey
Banking Nightmare (Ad)
Travel disruption hits Germany on eve of transport strike
Ukraine demands emergency UN meeting over Putin nuclear plan
"Prepare for Five Years of Famine" (Ad)
Technical issues at Lufthansa cause delays in Frankfurt
Venezuela: 21 officials, businessmen arrested in oil scheme
Bank Accounts: Frozen! (Ad)
Finnish leadership condemns attack on veteran lawmaker
Canada pledges Great Lakes funding after Trudeau-Biden talks
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ruling halts oil exports from Iraq's Kurdish area via Turkey
Banking Nightmare (Ad)
Travel disruption hits Germany on eve of transport strike
Ukraine demands emergency UN meeting over Putin nuclear plan
"Prepare for Five Years of Famine" (Ad)
Technical issues at Lufthansa cause delays in Frankfurt
Venezuela: 21 officials, businessmen arrested in oil scheme
Bank Accounts: Frozen! (Ad)
Finnish leadership condemns attack on veteran lawmaker
Canada pledges Great Lakes funding after Trudeau-Biden talks
NYSE:LAZ

Lazard - LAZ Stock Forecast, Price & News

$32.73
-0.77 (-2.30%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$31.89
$33.04
50-Day Range
$32.50
$41.16
52-Week Range
$30.20
$43.44
Volume
788,559 shs
Average Volume
897,730 shs
Market Capitalization
$3.69 billion
P/E Ratio
9.43
Dividend Yield
6.11%
Price Target
$38.50

Lazard MarketRank™ Forecast

Analyst Rating
Hold
1.83 Rating Score
Upside/​Downside
17.6% Upside
$38.50 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
0.44mentions of Lazard in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
29.88%
From $3.38 to $4.39 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Finance Sector

381st out of 883 stocks

Investment Advice Industry

19th out of 48 stocks


LAZ stock logo

About Lazard (NYSE:LAZ) Stock

Lazard Ltd. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.

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LAZ Stock News Headlines

BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Lazard Reports February 2023 Assets Under Management
Raymond J. McGuire Joins Lazard as President
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
Lazard Full Year 2022 Earnings: EPS Misses Expectations
Lazard’s family legacy is gone, the Rothschilds fight on
Lazard Reports January 2023 Assets Under Management
Lazard (LAZ) Misses Q4 Earnings Estimates
See More Headlines
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LAZ Company Calendar

Last Earnings
2/02/2023
Ex-Dividend for 2/24 Dividend
2/10/2023
Dividend Payable
2/24/2023
Today
3/26/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
G5405010
Employees
3,402
Year Founded
1848

Price Target and Rating

Average Stock Price Forecast
$38.50
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+17.6%
Consensus Rating
Hold
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$357.52 million
Pretax Margin
18.64%

Debt

Sales & Book Value

Annual Sales
$2.86 billion
Cash Flow
$7.23 per share
Book Value
$5.99 per share

Miscellaneous

Free Float
108,413,000
Market Cap
$3.69 billion
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • Kenneth Marc Jacobs
    Chairman & Chief Executive Officer
  • Mary Ann Betsch
    Chief Financial Officer
  • Scott D. HoffmanScott D. Hoffman
    Chief Administrative Officer & General Counsel
  • Glenn Porritt
    MD & Head-Singapore Investment Banking
  • Peter R. Orszag
    Chief Executive Officer-Financial Advisory













LAZ Stock - Frequently Asked Questions

Should I buy or sell Lazard stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last twelve months. There are currently 3 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LAZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LAZ, but not buy additional shares or sell existing shares.
View LAZ analyst ratings
or view top-rated stocks.

What is Lazard's stock price forecast for 2023?

6 Wall Street analysts have issued twelve-month price targets for Lazard's stock. Their LAZ share price forecasts range from $29.00 to $53.00. On average, they anticipate the company's share price to reach $38.50 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price.
View analysts price targets for LAZ
or view top-rated stocks among Wall Street analysts.

How have LAZ shares performed in 2023?

Lazard's stock was trading at $34.67 at the beginning of the year. Since then, LAZ shares have decreased by 5.6% and is now trading at $32.73.
View the best growth stocks for 2023 here
.

Are investors shorting Lazard?

Lazard saw a decrease in short interest in February. As of February 15th, there was short interest totaling 2,040,000 shares, a decrease of 23.0% from the January 31st total of 2,650,000 shares. Based on an average daily trading volume, of 693,900 shares, the short-interest ratio is currently 2.9 days. Currently, 1.9% of the shares of the company are sold short.
View Lazard's Short Interest
.

When is Lazard's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our LAZ earnings forecast
.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) issued its quarterly earnings data on Thursday, February, 2nd. The asset manager reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.03. The asset manager had revenue of $731.86 million for the quarter, compared to the consensus estimate of $655.09 million. Lazard had a net margin of 12.52% and a trailing twelve-month return on equity of 48.82%. Lazard's quarterly revenue was down 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 EPS.

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 given a dividend of $0.50 per share on Friday, February 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Friday, February 10th.
Read our dividend analysis for LAZ
.

Is Lazard a good dividend stock?

Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 5.97%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LAZ will have a dividend payout ratio of 45.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LAZ.

What is Kenneth M. Jacobs' approval rating as Lazard's CEO?

96 employees have rated Lazard Chief Executive Officer Kenneth M. Jacobs on Glassdoor.com. Kenneth M. Jacobs has an approval rating of 98% among the company's employees. This puts Kenneth M. Jacobs in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

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), AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Enterprise Products Partners (EPD), Micron Technology (MU), CVS Health (CVS) and QUALCOMM (QCOM).

What is Lazard's stock symbol?

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

Who are Lazard's major shareholders?

Lazard's stock is owned by a number of institutional and retail investors. Top institutional investors include Ariel Investments LLC (6.83%), Charles Schwab Investment Management Inc. (2.46%), Southeastern Asset Management Inc. TN (2.26%), Epoch Investment Partners Inc. (2.10%), Fisher Asset Management LLC (1.97%) and Geode Capital Management LLC (1.65%). Insiders that own company stock include Alexander F Stern, Dominick Ragone, Scott D Hoffman and Scott D Hoffman.
View institutional ownership trends
.

How do I buy shares of Lazard?

Shares of LAZ stock 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.
Compare Top Brokerages Here.

What is Lazard's stock price today?

One share of LAZ stock can currently be purchased for approximately $32.73.

How much money does Lazard make?

Lazard (NYSE:LAZ) has a market capitalization of $3.69 billion and generates $2.86 billion in revenue each year. The asset manager earns $357.52 million in net income (profit) each year or $3.47 on an earnings per share basis.

How many employees does Lazard have?

The company employs 3,402 workers across the globe.

How can I contact Lazard?

Lazard's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM II. The official website for the company is www.lazard.com. The asset manager can be reached via phone at (212) 632-6000, via email at alexandra.deignan@lazard.com, or via fax at 441-292-4720.

This page (NYSE:LAZ) was last updated on 3/26/2023 by MarketBeat.com Staff