NYSE:LAZ - Lazard Stock Price, Price Target & More

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

Lazard announced a quarterly dividend on Wednesday, April 25th. Investors of record on Monday, May 7th will be given a dividend of $0.44 per share on Friday, May 18th. This represents a $1.76 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Friday, May 4th. This is a positive change from Lazard's previous quarterly dividend of $0.12. View Lazard's Dividend History.

Lazard declared that its board has initiated a stock repurchase plan on Thursday, October 26th 2017, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Lazard Ltd (NYSE:LAZ) posted its quarterly earnings results on Thursday, April, 26th. The asset manager reported $1.26 EPS for the quarter, topping the consensus estimate of $1.04 by $0.22. The asset manager earned $724 million during the quarter, compared to analyst estimates of $652.99 million. Lazard had a return on equity of 44.63% and a net margin of 10.81%. Lazard's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. View Lazard's Earnings History.

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Lazard.

8 Wall Street analysts have issued 12 month price objectives for Lazard's stock. Their forecasts range from $40.00 to $67.00. On average, they anticipate Lazard's share price to reach $60.2857 in the next twelve months. View Analyst Ratings for Lazard.

Some companies that are related to Lazard include Leg & Gen Grp P/S (LGGNY), The Blackstone Group (BX), Ameriprise Financial (AMP), Franklin Templeton Investments (BEN), Invesco (IVZ), KKR & Co. L.P. (KKR), Affiliated Managers Group (AMG), Eaton Vance (EV), Henderson Group (JHG), Oaktree Capital Management (OAK), Apollo Global Management (APO), Morningstar (MORN), Evercore Partners (EVR), Man Group (MNGPY) and Noah (NOAH).

Media coverage about LAZ stock has been trending somewhat negative this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lazard earned a media sentiment score of -0.19 on Accern's scale. They also gave media stories about the asset manager an impact score of 46.46 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Lazard's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.64%), LSV Asset Management (3.00%), JPMorgan Chase & Co. (1.41%), Fisher Asset Management LLC (1.14%), Hosking Partners LLP (0.87%) and Franklin Resources Inc. (0.74%). Company insiders that own Lazard stock include Alexander F Stern, Jane L Mendillo, Matthieu Bucaille 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 BlackRock Inc., Public Employees Retirement Association of Colorado, Franklin Resources Inc., Systematic Financial Management LP, Principal Financial Group Inc., Principal Financial Group Inc., M&T Bank Corp and Federated Investors Inc. PA. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern, Matthieu Bucaille and Scott D Hoffman. View Insider Buying and Selling for Lazard.

LAZ stock was acquired by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Hsbc Holdings PLC, Origin Asset Management LLP, Russell Investments Group Ltd., JPMorgan Chase & Co., Schwab Charles Investment Management Inc., Maltese Capital Management LLC and Prudential Financial Inc.. 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, Scottrade, Fidelity and Charles Schwab.

One share of LAZ stock can currently be purchased for approximately $54.46.

Lazard has a market capitalization of $7.12 billion and generates $2.70 billion in revenue each year. The asset manager earns $253.58 million in net income (profit) each year or $3.78 on an earnings per share basis. Lazard employs 2,843 workers across the globe.

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]