Lazard Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Lazard stock. 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.
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6 Wall Street research analysts have issued twelve-month price objectives for Lazard's shares. Their LAZ stock forecasts range from $39.00 to $56.00. On average, they expect Lazard's share price to reach $45.33 in the next year. This suggests a possible upside of 36.0% from the stock's current price.
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Lazard's stock was trading at $43.63 at the beginning of the year. Since then, LAZ stock has decreased by 23.6% and is now trading at $33.33.
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Lazard saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,310,000 shares, a decrease of 19.9% from the April 30th total of 4,130,000 shares. Based on an average daily trading volume, of 888,500 shares, the days-to-cover ratio is presently 3.7 days. Approximately 3.1% of the company's shares are short sold.
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Lazard is scheduled to release its next quarterly earnings announcement on Friday, July 29th 2022.
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Lazard Ltd (NYSE:LAZ) announced its earnings results on Thursday, April, 28th. The asset manager reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.18. The asset manager earned $716.14 million during the quarter, compared to analyst estimates of $677.58 million. Lazard had a trailing twelve-month return on equity of 59.55% and a net margin of 16.76%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 earnings per share.
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Lazard announced a quarterly dividend on Wednesday, April 27th. Investors of record on Monday, May 9th will be paid a dividend of $0.47 per share on Friday, May 20th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, May 6th.
View Lazard's dividend history.

Lazard(NYSE:LAZ) pays an annual dividend of $1.88 per share and currently has a dividend yield of 5.66%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Lazard is 38.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lazard will have a dividend payout ratio of 41.41% next year. This indicates that Lazard will be able to sustain or increase its dividend.
View Lazard's dividend history.

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

Some companies that are related to Lazard include Morgan Stanley (MS), Charles Schwab (SCHW), The Goldman Sachs Group (GS), Raymond James (RJF), LPL Financial (LPLA), Stifel Financial (SF), Evercore (EVR), BGC Partners (BGCP), Piper Jaffray Companies (PJC), Cowen (COWN), Oppenheimer (OPY), Greenhill & Co., Inc. (GHL), FBR & Co. (FBRC) and Global Brokerage (GLBR).
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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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (0.00%), Ariel Investments LLC (8.15%), Southeastern Asset Management Inc. TN (5.03%), BlackRock Inc. (4.39%), Charles Schwab Investment Management Inc. (2.14%) and Fisher Asset Management LLC (0.00%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone, Scott D Hoffman 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 JPMorgan Chase & Co., Southeastern Asset Management Inc. TN, Invesco Ltd., Jennison Associates LLC, Foundry Partners LLC, Royce & Associates LP, SG Americas Securities LLC, and Ceredex Value Advisors LLC. Company insiders that have sold Lazard company stock in the last two years include Alexander F Stern, Dominick Ragone, and Scott D Hoffman.
View insider buying and selling activity for Lazard or view top insider-selling stocks.

LAZ stock was bought by a variety of institutional investors in the last quarter, including Ariel Investments LLC, Fisher Asset Management LLC, State Street Corp, LSV Asset Management, Algebris UK Ltd, BlackRock Inc., Russell Investments Group Ltd., and Charles Schwab Investment Management Inc..
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Shares of LAZ 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 $33.33.

Lazard (NYSE:LAZ) has a market capitalization of $3.50 billion and generates $3.27 billion in revenue each year. The asset manager earns $528.06 million in net income (profit) each year or $4.929990 on an earnings per share basis.

Lazard employs 3,179 workers across the globe.

Lazard was founded in 1848.

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