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.
Industry, Sector and Symbol
Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
Phone441-295-1422
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.88 billion
Profitability
Miscellaneous
Employees2,996
Next Earnings Date7/25/2019 (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 quarterly dividend on Wednesday, April 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.47 per share on Friday, May 17th. This represents a $1.88 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Friday, May 3rd. This is a boost from Lazard's previous quarterly dividend of $0.44. View Lazard's Dividend History.
How will Lazard's stock buyback program work?
Lazard declared that its Board of Directors has authorized a share repurchase plan on Thursday, October 26th 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.
How were Lazard's earnings last quarter?
Lazard Ltd (NYSE:LAZ) released its quarterly earnings results on Thursday, April, 25th. The asset manager reported $0.87 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.58 by $0.29. The asset manager earned $620 million during the quarter, compared to analyst estimates of $598.66 million. Lazard had a return on equity of 48.17% and a net margin of 16.72%. The firm's quarterly revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 EPS. View Lazard's Earnings History.
When is Lazard's next earnings date?
What price target have analysts set for LAZ?
4 brokerages have issued twelve-month price targets for Lazard's shares. Their forecasts range from $37.00 to $52.00. On average, they anticipate Lazard's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 26.9% from the stock's current price. View Analyst Price Targets for Lazard.
What is the consensus analysts' recommendation for Lazard?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lazard.
Has Lazard been receiving favorable news coverage?
Headlines about LAZ stock have been trending somewhat positive this week, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lazard earned a daily sentiment score of 1.9 on InfoTrie's scale. They also gave media stories about the asset manager a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are some of Lazard's key competitors?
Some companies that are related to Lazard include Franklin Resources (BEN), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group LLC Unit (OAK), Apollo Global Management (APO), Morningstar (MORN), Affiliated Managers Group (AMG), Eaton Vance (EV), Janus Henderson Group (JHG), Evercore (EVR), Federated Investors (FII), Houlihan Lokey (HLI), MAN GRP PLC/ADR (MNGPY), Legg Mason (LM) and AllianceBernstein (AB).
What other stocks do shareholders of Lazard own?
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, Gen. Counsel & Sec. (Age 56)
Who are Lazard's major shareholders?
Lazard's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (3.86%), BlackRock Inc. (3.65%), LSV Asset Management (2.81%), JPMorgan Chase & Co. (1.54%), Voya Investment Management LLC (1.44%) and Geode Capital Management LLC (1.06%). 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 Goldman Sachs Group Inc., BlackRock Inc., Jennison Associates LLC, New York State Common Retirement Fund, LSV Asset Management, Macquarie Group Ltd., Thornburg Investment Management Inc. and Voya Investment Management LLC. 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 FMR LLC, H2O AM LLP, Miller Howard Investments Inc. NY, Dimensional Fund Advisors LP, Renaissance Technologies LLC, JPMorgan Chase & Co., Bank of Montreal Can and Morgan Stanley. 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 $34.68.
How big of a company is Lazard?
Lazard has a market capitalization of $4.50 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?
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)
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.
