Lazard Stock Price, News & Analysis (NYSE:LAZ)

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

Lazard declared a quarterly dividend on Wednesday, July 24th. Investors of record on Monday, August 5th will be paid a dividend of $0.47 per share on Friday, August 16th. This represents a $1.88 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date is Friday, August 2nd. View Lazard's Dividend History.

Lazard declared that its board has authorized a stock repurchase plan on Thursday, October 26th 2017, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Lazard Ltd (NYSE:LAZ) released its earnings results on Thursday, July, 25th. The asset manager reported $0.73 EPS for the quarter, beating the consensus estimate of $0.63 by $0.10. The asset manager had revenue of $630 million for the quarter, compared to analyst estimates of $604.18 million. Lazard had a net margin of 14.42% and a return on equity of 47.09%. The firm's quarterly revenue was down 15.0% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS. View Lazard's Earnings History.

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Lazard.

5 Wall Street analysts have issued 1 year target prices for Lazard's shares. Their predictions range from $36.00 to $46.00. On average, they anticipate Lazard's stock price to reach $40.20 in the next year. This suggests a possible upside of 14.7% from the stock's current price. View Analyst Price Targets for Lazard.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lazard.

Media coverage about LAZ stock has trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Lazard earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave media coverage about the asset manager a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Lazard.

Some companies that are related to Lazard include KKR & Co Inc (KKR), Franklin Resources (BEN), Oaktree Capital Group LLC Unit (OAK), Apollo Global Management (APO), Invesco (IVZ), Morningstar (MORN), Eaton Vance (EV), Affiliated Managers Group (AMG), Janus Henderson Group (JHG), Legg Mason (LM), Evercore (EVR), Federated Investors (FII), Ares Management (ARES), Hamilton Lane (HLNE) and Houlihan Lokey (HLI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Lazard investors own include Bank of America (BAC), AbbVie (ABBV), AT&T (T), Micron Technology (MU), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), Boeing (BA), CVS Health (CVS), Johnson & Johnson (JNJ) and Verizon Communications (VZ).

Lazard's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.70%), Price T Rowe Associates Inc. MD (5.12%), BlackRock Inc. (3.56%), LSV Asset Management (2.70%), JPMorgan Chase & Co. (2.41%) and RWC Asset Management LLP (1.52%). Company insiders that own Lazard stock include Alexander F Stern 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 Vanguard Group Inc., Bank of America Corp DE, BNP Paribas Arbitrage SA, Eaton Vance Management, Crawford Investment Counsel Inc., Bank of Montreal Can, LSV Asset Management and Morgan Stanley. View Insider Buying and Selling for Lazard.

LAZ stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Price T Rowe Associates Inc. MD, RWC Asset Management LLP, Nuveen Asset Management LLC, First Trust Advisors LP, Invesco Ltd., Lomas Capital Management LLC and H2O AM LLP. 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, Robinhood, Fidelity and Charles Schwab.

One share of LAZ stock can currently be purchased for approximately $35.06.

Lazard has a market capitalization of $4.55 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.View Additional Information About Lazard.

The official website for Lazard is http://www.lazard.com/.

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]