Lazard - LAZ Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last twelve months. There are currently 3 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.

7 analysts have issued 12-month target prices for Lazard's shares. Their LAZ share price forecasts range from $30.00 to $56.00. On average, they predict the company's stock price to reach $39.71 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price.
View analysts price targets for LAZ or view top-rated stocks among Wall Street analysts.

Lazard's stock was trading at $43.63 at the beginning of the year. Since then, LAZ shares have decreased by 24.5% and is now trading at $32.95.
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Lazard saw a decrease in short interest in August. As of August 31st, there was short interest totaling 4,730,000 shares, a decrease of 9.7% from the August 15th total of 5,240,000 shares. Based on an average daily trading volume, of 657,900 shares, the short-interest ratio is currently 7.2 days. Approximately 4.4% of the shares of the stock are sold short.
View Lazard's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our LAZ earnings forecast.

Lazard Ltd (NYSE:LAZ) posted its quarterly earnings data on Thursday, July, 28th. The asset manager reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The asset manager had revenue of $676 million for the quarter, compared to the consensus estimate of $666.39 million. Lazard had a net margin of 16.85% and a trailing twelve-month return on equity of 56.01%. Lazard's quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share.

Lazard announced a quarterly dividend on Friday, July 29th. Shareholders of record on Monday, August 8th will be paid a dividend of $0.50 per share on Friday, August 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend is Friday, August 5th.
Read our dividend analysis for LAZ.

Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 5.98%. 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 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LAZ will have a dividend payout ratio of 52.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LAZ.

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.

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).

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

Lazard's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Southeastern Asset Management Inc. TN (4.95%), Price T Rowe Associates Inc. MD (0.00%), RWC Asset Management LLP (0.00%), State Street Corp (1.81%), Jennison Associates LLC (0.00%) and Royce & Associates LP (0.57%). Insiders that own company stock include Alexander F Stern, Dominick Ragone, Scott D Hoffman and Scott D Hoffman.
View institutional ownership trends.

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.
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One share of LAZ stock can currently be purchased for approximately $32.95.

Lazard (NYSE:LAZ) has a market capitalization of $3.72 billion and generates $3.27 billion in revenue each year. The asset manager earns $528.06 million in net income (profit) each year or $4.77 on an earnings per share basis.

The company employs 3,179 workers across the globe.

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.