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
SymbolNYSE:LAZ
CUSIPG5405010
Phone441-295-1422
Debt
Debt-to-Equity Ratio0.95%
Current Ratio1.91%
Quick Ratio1.91%
Price-To-Earnings
Trailing P/E Ratio14.01
Forward P/E Ratio12.98
P/E Growth1.46
Sales & Book Value
Annual Sales$2.70 billion
Price / Sales2.55
Cash Flow$6.8779 per share
Price / Cash7.70
Book Value$9.70 per share
Price / Book5.46
Profitability
EPS (Most Recent Fiscal Year)$3.78
Net Income$253.58 million
Net Margins9.40%
Return on Equity38.93%
Return on Assets10.58%
Miscellaneous
Employees2,843
Outstanding Shares129,770,000
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 declared a quarterly dividend on Thursday, January 18th. Investors of record on Monday, February 12th will be given a dividend of $0.116 per share on Friday, February 23rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, February 9th. View Lazard's Dividend History.
How will Lazard's stock buyback program work?
Lazard declared that its Board of Directors has approved a stock buyback program 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 reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.
How were Lazard's earnings last quarter?
Lazard (NYSE:LAZ) posted its quarterly earnings data on Thursday, February, 1st. The asset manager reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.92 by $0.20. The asset manager had revenue of $683 million for the quarter, compared to the consensus estimate of $658.86 million. Lazard had a return on equity of 38.93% and a net margin of 9.40%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 EPS. View Lazard's Earnings History.
When is Lazard's next earnings date?
What price target have analysts set for LAZ?
9 analysts have issued twelve-month target prices for Lazard's stock. Their forecasts range from $40.00 to $67.00. On average, they anticipate Lazard's share price to reach $58.8750 in the next year. View Analyst Ratings for Lazard.
Are investors shorting Lazard?
Lazard saw a drop in short interest in March. As of March 29th, there was short interest totalling 1,982,066 shares, a drop of 36.2% from the March 15th total of 3,108,839 shares. Based on an average daily volume of 1,151,936 shares, the short-interest ratio is currently 1.7 days. Currently, 1.6% of the company's shares are sold short.
Who are some of Lazard's key competitors?
Some companies that are related to Lazard include 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), Man Group (MNGPY), Evercore Partners (EVR), Legg Mason (LM), Federated Investors (FII), Houlihan Lokey (HLI), Moelis & Company (MC), Noah (NOAH), AllianceBernstein (AB), Artisan Partners Asset (APAM) and Financial Engines (FNGN).
Who are Lazard's key executives?
Lazard's management team includes the folowing people:
- Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 60)
- Mr. Ashish Bhutani, Vice Chairman & Managing Director (Age 58)
- Mr. Evan L. Russo J.D., Chief Financial Officer (Age 43)
- Mr. Alexander Franz Stern, Chief Operating Officer & CEO of Financial Advisory (Age 52)
- Mr. Scott D. Hoffman Esq., Chief Admin. Officer, MD, Gen. Counsel & Sec. (Age 55)
Has Lazard been receiving favorable news coverage?
Media stories about LAZ stock have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lazard earned a news sentiment score of 0.14 on Accern's scale. They also gave media coverage about the asset manager an impact score of 45.98 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
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 $52.96.
How big of a company is Lazard?
Lazard has a market capitalization of $6.94 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.
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 (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.
Lazard (NYSE:LAZ) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Lazard in the last 12 months. Their average twelve-month price target is $58.8750, suggesting that the stock has a possible upside of 11.17%. The high price target for LAZ is $67.00 and the low price target for LAZ is $40.00. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.89 | 2.78 | 2.78 | 2.63 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $58.8750 | $59.75 | $55.00 | $46.4286 |
| Price Target Upside: | 11.17% upside | 2.49% upside | 2.76% downside | 6.24% upside |
Lazard (NYSE:LAZ) Consensus Price Target History
Lazard (NYSE:LAZ) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
Lazard (NYSE:LAZ) Dividend Information
Lazard pays an annual dividend of $1.64 per share, with a dividend yield of 3.10%. LAZ's most recent quarterly dividend payment was Friday, February 23. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 10.30% each year. Lazard pays out 43.39% of its earnings out as a dividend.
| Most Recent Dividend: | 2/23/2018 |
| Annual Dividend: | $1.64 |
| Dividend Yield: | 3.10% |
| Dividend Growth: | 10.30% (3 Year Average) |
| Payout Ratio: | 43.39% (Trailing 12 Months of Earnings)
40.20% (Based on This Year's Estimates)
35.89% (Based on Next Year's Estimates)
|
| Track Record: | 7 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Lazard (NYSE:LAZ) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/18/2018 | Quarterly | $0.1160 | 0.88% | 2/9/2018 | 2/12/2018 | 2/23/2018 |
| 10/25/2017 | Quarterly | $0.41 | 3.47% | 11/3/2017 | 11/6/2017 | 11/17/2017 |
| 7/26/2017 | Quarterly | $0.41 | 3.55% | 8/3/2017 | 8/7/2017 | 8/18/2017 |
| 4/26/2017 | Quarterly | $0.41 | 3.8% | 5/4/2017 | 5/8/2017 | 5/19/2017 |
| 2/1/2017 | quarterly | $0.38 | 11.04% | 2/9/2017 | 2/13/2017 | 2/24/2017 |
| 10/26/2016 | Quarterly | $0.38 | 4.1% | 11/3/2016 | 11/7/2016 | 11/18/2016 |
| 7/27/2016 | Quarterly | $0.38 | | 8/4/2016 | 8/8/2016 | 8/19/2016 |
| 4/21/2016 | quarterly | $0.38 | 4.07% | 4/29/2016 | 5/3/2016 | 5/13/2016 |
| 2/1/2016 | special | $0.35 | 4.21% | 2/9/2016 | 2/11/2016 | 2/26/2016 |
| 10/22/2015 | quarterly | $0.35 | 2.94% | 10/29/2015 | 11/2/2015 | 11/13/2015 |
| 7/23/2015 | quarterly | $0.35 | 2.47% | 7/30/2015 | 8/3/2015 | 8/14/2015 |
| 4/23/2015 | quarterly | $0.35 | 2.49% | 4/30/2015 | 5/4/2015 | 5/15/2015 |
| 2/4/2015 | special | $0.30 | 2.36% | 2/11/2015 | 2/13/2015 | 2/19/2015 |
| 10/22/2014 | quarterly | $0.30 | 2.45% | 10/30/2014 | 11/3/2014 | 11/14/2014 |
| 7/23/2014 | quarterly | $0.30 | 2.29% | 7/31/2014 | 8/4/2014 | 8/15/2014 |
| 4/30/2014 | quarterly | $0.30 | 2.45% | 5/8/2014 | 5/12/2014 | 5/23/2014 |
| 1/29/2014 | quarterly | $0.30 | 2.81% | 2/6/2014 | 2/10/2014 | 2/21/2014 |
| 12/10/2013 | special | $0.25 | 2.33% | 12/18/2013 | 12/20/2013 | 12/27/2013 |
| 12/12/2012 | quarterly | $0.20 | | 12/19/2012 | 12/21/2012 | 12/27/2012 |
| 12/11/2012 | special | $0.20 | | 12/19/2012 | 12/21/2012 | 12/27/2012 |
(Data available from 1/1/2013 forward)
Lazard (NYSE LAZ) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.76%
Institutional Ownership Percentage: 71.77%
Lazard (NYSE LAZ) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/5/2018 | Alexander F Stern | COO | Sell | 65,160 | $53.12 | $3,461,299.20 | 276,886 |  |
| 3/2/2018 | Alexander F Stern | COO | Sell | 15,160 | $53.47 | $810,605.20 | 276,886 | |
| 3/2/2018 | Scott D Hoffman | CAO | Sell | 15,000 | $52.13 | $781,950.00 | 147,341 | |
| 5/30/2017 | Matthieu Bucaille | CFO | Sell | 90,000 | $44.81 | $4,032,900.00 | | |
| 5/16/2017 | Scott D. Hoffman | General Counsel | Sell | 35,000 | $45.13 | $1,579,550.00 | | |
| 5/11/2017 | Alexander F. Stern | COO | Sell | 65,000 | $44.75 | $2,908,750.00 | | |
| 3/2/2017 | Scott D Hoffman | General Counsel | Sell | 20,000 | $43.16 | $863,200.00 | 129,031 | |
| 8/9/2016 | Scott D. Hoffman | General Counsel | Sell | 42,000 | $34.92 | $1,466,640.00 | | |
| 8/2/2016 | Jane L. Mendillo | Director | Buy | 1,400 | $35.22 | $49,308.00 | | |
| 3/3/2015 | Alexander F Stern | COO | Sell | 63,000 | $50.80 | $3,200,400.00 | | |
| 2/20/2014 | Alexander F Stern | COO | Sell | 44,312 | $44.56 | $1,974,542.72 | | |
| 2/19/2014 | Ashish Bhutani | CEO | Sell | 145,947 | $45.15 | $6,589,507.05 | | |
| 2/12/2014 | Alexander F Stern | COO | Sell | 61,877 | $42.87 | $2,652,666.99 | | |
| 3/12/2013 | Alexander F Stern | COO | Sell | 60,000 | $36.56 | $2,193,600.00 | | |
(Data available from 1/1/2013 forward)
Lazard (NYSE LAZ) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Congo Republic debt restructuring will not affect bondholders - PM
finance.yahoo.com - April 19 at 8:10 AM |
 | Lazard (LAZ) to Release Earnings on Thursday
www.americanbankingnews.com - April 19 at 1:56 AM |
| Lazard (LAZ) Short Interest Down 36.2% in March
www.americanbankingnews.com - April 19 at 1:46 AM |
| Lazard Says Emerging Activists Are Stepping Up Attacks
finance.yahoo.com - April 17 at 6:02 PM |
 | Video: 2018 Activism Continuing To Be Shaped By 2017
www.forbes.com - April 17 at 8:22 AM |
| Lazard (LAZ) Upgraded by Bank of America to Buy
www.americanbankingnews.com - April 17 at 7:39 AM |
 | This Morning's Technical Outlook on Asset Management Stocks -- Federated Investors, Lazard, Moelis, and New ...
www.prnewswire.com - April 16 at 8:10 AM |
| Lazard (LAZ) Expected to Post Earnings of $1.06 Per Share
www.americanbankingnews.com - April 15 at 7:12 PM |
| ValuEngine Upgrades Lazard (LAZ) to Strong-Buy
www.americanbankingnews.com - April 15 at 10:59 AM |
| Lazard (LAZ) Upgraded by BidaskClub to Strong-Buy
www.americanbankingnews.com - April 14 at 10:19 PM |
| Lazard (LAZ) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - April 13 at 11:13 AM |
| Lazard to Announce First-Quarter 2018 Results
finance.yahoo.com - April 11 at 8:23 AM |
| Peter Q. Thompson Joins Lazard Midwest Advisory Team
finance.yahoo.com - April 11 at 8:23 AM |
| Lazard (LAZ) Rating Lowered to Buy at ValuEngine
www.americanbankingnews.com - April 8 at 9:37 AM |
 | Form 497 LAZARD FUNDS INC
www.streetinsider.com - April 5 at 5:22 PM |
| Stock Traders Buy High Volume of Put Options on Lazard (LAZ)
www.americanbankingnews.com - April 5 at 6:30 AM |
| Should You Be Tempted To Sell Lazard Ltd (NYSE:LAZ) At Its Current PE Ratio?
finance.yahoo.com - April 4 at 8:14 AM |
| Zacks Investment Research Downgrades Lazard (LAZ) to Hold
www.americanbankingnews.com - April 3 at 2:26 PM |
| Lazard (LAZ) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - March 31 at 11:16 AM |
| Lazard (LAZ) Rating Increased to Buy at Nomura
www.americanbankingnews.com - March 30 at 11:10 PM |
| Lazard (LAZ) Upgraded to "Buy" by Goldman Sachs
www.americanbankingnews.com - March 30 at 1:49 PM |
| Brokerages Expect Lazard (LAZ) to Post $1.01 Earnings Per Share
www.americanbankingnews.com - March 29 at 11:26 PM |
| Lazard (LAZ) Downgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - March 27 at 1:51 PM |
| Lazard (LAZ) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - March 26 at 3:12 PM |
| Lazard (LAZ) and BlackRock (BLK) Financial Survey
www.americanbankingnews.com - March 25 at 5:18 PM |
| TheStreet Downgrades Lazard (LAZ) to C+
www.americanbankingnews.com - March 25 at 11:41 AM |
 | Lazard World Dividend & Income Fund Declares Monthly Distribution - Business Wire (press release)
www.businesswire.com - March 21 at 8:40 AM |
| Lazard (LAZ) Stock Rating Lowered by ValuEngine
www.americanbankingnews.com - March 18 at 9:54 PM |
 | Toys 'R' Us Said to Eye China PE Firms in $1 Billion Asian Sale ... - Bloomberg
www.bloomberg.com - March 16 at 8:12 AM |
| Former Lazard Banker's Home Raided in Rio Tinto Probe - Bloomberg - Bloomberg
www.bloomberg.com - March 16 at 8:12 AM |
 | BRIEF-Lazard Says CEO Kenneth Jacobs' 2017 Total Compensation Was $11.7 Mln Versus $11.6 Mln
www.reuters.com - March 15 at 6:18 PM |
 | Toys 'R' Us Files to Wind Down Its U.S. Business
www.msn.com - March 15 at 6:18 PM |
| How Do Analysts See Lazard Ltd (NYSE:LAZ) Performing In The Next 12 Months?
finance.yahoo.com - March 14 at 7:13 PM |
| Lazard (LAZ) Downgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - March 13 at 1:51 PM |
| $1.01 EPS Expected for Lazard Ltd (LAZ) This Quarter
www.americanbankingnews.com - March 12 at 9:13 PM |
 | Activist investors winning showdowns, in sophisticated ways - The Globe and Mail
www.theglobeandmail.com - March 10 at 8:15 AM |
| Activist investors winning showdowns, in sophisticated ways - The ... - The Globe and Mail
www.theglobeandmail.com - March 10 at 8:15 AM |
| Morgan Stanley Could Reap Up to $100 Million After Cigna Deal - Bloomberg
www.bloomberg.com - March 9 at 8:13 AM |
| Lazard Ltd (LAZ) Short Interest Update
www.americanbankingnews.com - March 7 at 1:10 AM |
| Lazard Ltd (LAZ) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - March 6 at 11:44 AM |
| Rhumbline Advisers Sells 3,079 Shares of Lazard Ltd (LAZ)
www.americanbankingnews.com - March 6 at 9:48 AM |
| BlackRock Inc. Has $385.94 Million Holdings in Lazard Ltd (LAZ)
www.americanbankingnews.com - March 6 at 5:02 AM |
| Lazard Ltd (LAZ) COO Alexander F. Stern Sells 15,160 Shares
www.americanbankingnews.com - March 5 at 9:11 PM |
| Scott D. Hoffman Sells 15,000 Shares of Lazard Ltd (LAZ) Stock
www.americanbankingnews.com - March 5 at 9:11 PM |
| Lazard Ltd (LAZ) COO Sells $3,461,299.20 in Stock
www.americanbankingnews.com - March 5 at 9:10 PM |
| What's Happening With These Asset Management Stocks? -- Evercore, Federated Investors, Jupai, and Lazard - PR Newswire (press release)
www.prnewswire.com - March 5 at 8:12 AM |
| Carillon Tower Advisers Inc. Acquires New Holdings in Lazard Ltd (LAZ)
www.americanbankingnews.com - March 2 at 5:35 AM |
| Sequoia Financial Advisors LLC Boosts Stake in Lazard Ltd (LAZ)
www.americanbankingnews.com - March 1 at 7:04 PM |
 | Blockchain Applications and Industry Uses Exponentially Expand With Endless Possibilities
www.bizjournals.com - March 1 at 5:56 PM |
| How to Retire Without Running Out of Money - Bloomberg
www.bloomberg.com - March 1 at 8:10 AM |
Lazard (NYSE:LAZ) SEC Filings
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Lazard (NYSE:LAZ) Income Statement, Balance Sheet and Cash Flow Statement
Lazard (NYSE LAZ) Stock Chart for Saturday, April, 21, 2018
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