NYSE:LAZ Lazard (LAZ) Stock Forecast, Price & News $30.78 +1.68 (+5.77%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$29.55▼$30.9150-Day Range$28.15▼$35.2552-Week Range$27.71▼$43.44Volume941,566 shsAverage Volume676,408 shsMarket Capitalization$3.47 billionP/E Ratio14.32Dividend Yield6.50%Price Target$39.80 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Lazard MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside29.3% Upside$39.80 Price TargetShort InterestBearish3.92% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.64Upright™ Environmental ScoreNews Sentiment0.46Based on 14 Articles This WeekInsider TradingN/AProj. Earnings Growth333.33%From $0.90 to $3.90 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.76 out of 5 starsFinance Sector226th out of 873 stocksInvestment Advice Industry12th out of 50 stocks 3.1 Analyst's Opinion Consensus RatingLazard has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $39.80, Lazard has a forecasted upside of 29.3% from its current price of $30.78.Amount of Analyst CoverageLazard has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.92% of the float of Lazard has been sold short.Short Interest Ratio / Days to CoverLazard has a short interest ratio ("days to cover") of 5.7.Change versus previous monthShort interest in Lazard has recently increased by 56.83%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipLazard is a leading dividend payer. It pays a dividend yield of 6.87%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthLazard has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Lazard is 93.02%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Lazard will have a dividend payout ratio of 51.28% next year. This indicates that Lazard will be able to sustain or increase its dividend. Previous Next 2.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreLazard has received a 8.21% net impact score from Upright. Lazard seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Societal infrastructure". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Personal investment advisory services", "Mergers and acquisition advisory services", and "Ownership restructuring services" products. See details.Environmental SustainabilityThe Environmental Impact score for Lazard is -0.64. Previous Next 1.9 News and Social Media Coverage News SentimentLazard has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Lazard this week, compared to 7 articles on an average week.Search InterestOnly 16 people have searched for LAZ on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Lazard insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.86% of the stock of Lazard is held by insiders.Percentage Held by Institutions63.55% of the stock of Lazard is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Lazard are expected to grow by 333.33% in the coming year, from $0.90 to $3.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Lazard is 14.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.26.Price to Earnings Ratio vs. SectorThe P/E ratio of Lazard is 14.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 163.83.Price to Book Value per Share RatioLazard has a P/B Ratio of 6.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Lazard (NYSE:LAZ) StockLazard Ltd. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.Read More Receive LAZ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Lazard and its competitors with MarketBeat's FREE daily newsletter. Email Address LAZ Stock News HeadlinesJune 2, 2023 | finance.yahoo.comLazard Chief Executive Officer of Financial Advisory Peter R. Orszag to Speak at the Morgan Stanley U.S. Financials, Payments & CRE ConferenceMay 31, 2023 | msn.comLazard’s Incoming CEO Says Debt Limit Provides Little DisciplineJune 4, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 31, 2023 | finance.yahoo.comLazard's Orszag: Debt Limit Not Constructive for USMay 31, 2023 | msn.comIt would be a mistake to raise rates again, says Lazard's Peter OrszagMay 30, 2023 | bloomberg.comNew York’s Best Days Are Ahead, Lazard’s Ray McGuire SaysMay 30, 2023 | finance.yahoo.comLazard's McGuire on Return to Wall Street, Future of NYCMay 30, 2023 | afr.comLazard shops controlling stake in Kiwi SMS services biz ModicaJune 4, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 29, 2023 | ft.comPeter Orszag: the ‘scholar-banker’ aiming to restore Lazard’s fortunesMay 29, 2023 | msn.comLazard: Shift In Leadership And Dealmaking Recovery Support Positive Price ActionMay 28, 2023 | msn.comLazard: Workforce Reductions Of 10% To Control Labour InflationMay 28, 2023 | finance.yahoo.comPeter Orszag: the ‘scholar-banker’ named to restore Lazard’s fortunesMay 27, 2023 | markets.businessinsider.comLazard Names Peter Orszag CEO, Kenneth Jacobs Exe. ChairmanMay 27, 2023 | nytimes.comLazard Names Peter Orszag to Succeed Ken Jacobs as C.E.O.May 26, 2023 | businessinsider.comLazard's new CEO once inspired a fan blog called Orszagasm.com. Here are 5 fascinating facts about Peter Orszag, Wall Street's newest chief.May 26, 2023 | finance.yahoo.comLazard Names Orszag as CEO as It Faces Dealmaking Drought, Share SlumpMay 26, 2023 | finance.yahoo.comLazard: CEO tasked with breathing new life into storied franchiseMay 26, 2023 | msn.comLazard appoints from within for CEO positionMay 26, 2023 | msn.comLazard elevates financial advisory head to CEOMay 26, 2023 | finance.yahoo.comLazard appoints Peter Orszag as chief executiveMay 26, 2023 | ca.finance.yahoo.comLazard names Orszag as CEO, Jacobs to become executive chairmanMay 25, 2023 | reuters.comSoccer Serie A picks Lazard as adviser to assess approaches for media armMay 25, 2023 | msn.comJets’ Allen Lazard drops positive injury update following Aaron Rodgers’ scare with his ownMay 24, 2023 | msn.comIs Allen Lazard Injured Or Healthy? Fantasy Football Injury UpdateMay 24, 2023 | msn.comAllen Lazard wants you to know he’s ok, he just got hit in the nuts after OTA dramaMay 24, 2023 | finance.yahoo.comSoccer -Serie A picks Lazard as adviser to assess approaches for media armSee More Headlines LAZ Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart LAZ Company Calendar Last Earnings4/28/2023Ex-Dividend for 5/19 Dividend5/05/2023Dividend Payable5/19/2023Today6/03/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Investment advice Sub-IndustryInvestment Banking & Brokerage SectorFinance Current SymbolNYSE:LAZ CUSIPG5405010 CIK1311370 Webwww.lazard.com Phone(212) 632-6000Fax441-292-4720Employees3,402Year Founded1848Price Target and Rating Average Stock Price Forecast$39.80 High Stock Price Forecast$53.00 Low Stock Price Forecast$30.00 Forecasted Upside/Downside+29.3%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.15 Trailing P/E Ratio14.32 Forward P/E Ratio34.20 P/E GrowthN/ANet Income$357.52 million Net Margins8.20% Pretax Margin11.85% Return on Equity36.72% Return on Assets4.23% Debt Debt-to-Equity Ratio3.32 Current Ratio1.63 Quick Ratio1.63 Sales & Book Value Annual Sales$2.86 billion Price / Sales1.22 Cash Flow$7.81 per share Price / Cash Flow3.94 Book Value$4.51 per share Price / Book6.82Miscellaneous Outstanding Shares112,770,000Free Float108,413,000Market Cap$3.47 billion OptionableOptionable Beta1.39 Social Links Key ExecutivesKenneth Marc JacobsChairman & Chief Executive OfficerRaymond J. McGuirePresidentMary Ann BetschChief Financial OfficerScott D. HoffmanSecretary & Chief Administrative OfficerJason R. BernhardVice Chairman-Investment BankingKey CompetitorsEvercoreNYSE:EVRFederated HermesNYSE:FHIHamilton LaneNASDAQ:HLNEMoelis & CompanyNYSE:MCCohen & SteersNYSE:CNSView All CompetitorsInsiders & InstitutionsBrandywine Global Investment Management LLCBought 73,613 shares on 5/25/2023Ownership: 0.286%Toroso Investments LLCBought 631 shares on 5/23/2023Ownership: 0.011%JPMorgan Chase & Co.Bought 228,826 shares on 5/18/2023Ownership: 0.322%New York State Common Retirement FundSold 2,707 shares on 5/18/2023Ownership: 0.080%Rockefeller Capital Management L.P.Sold 10,440 shares on 5/17/2023Ownership: 0.016%View All Insider TransactionsView All Institutional Transactions LAZ Stock - Frequently Asked Questions Should I buy or sell Lazard stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LAZ shares. 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. View LAZ analyst ratings or view top-rated stocks. What is Lazard's stock price forecast for 2023? 5 brokerages have issued 1 year price objectives for Lazard's stock. Their LAZ share price forecasts range from $30.00 to $53.00. On average, they expect the company's share price to reach $39.80 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price. View analysts price targets for LAZ or view top-rated stocks among Wall Street analysts. How have LAZ shares performed in 2023? Lazard's stock was trading at $34.67 at the start of the year. Since then, LAZ stock has decreased by 11.2% and is now trading at $30.78. View the best growth stocks for 2023 here. Are investors shorting Lazard? Lazard saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,710,000 shares, an increase of 6.3% from the April 15th total of 2,550,000 shares. Based on an average daily volume of 745,700 shares, the days-to-cover ratio is currently 3.6 days. Approximately 2.5% of the shares of the stock are short sold. View Lazard's Short Interest. When is Lazard's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our LAZ earnings forecast. How were Lazard's earnings last quarter? Lazard Ltd (NYSE:LAZ) posted its quarterly earnings data on Friday, April, 28th. The asset manager reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $0.30 by $0.56. The asset manager earned $561.20 million during the quarter, compared to analysts' expectations of $549.62 million. Lazard had a net margin of 8.20% and a trailing twelve-month return on equity of 36.72%. The firm's revenue was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. How often does Lazard pay dividends? What is the dividend yield for Lazard? Lazard announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Monday, May 8th will be given a dividend of $0.50 per share on Friday, May 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Friday, May 5th. Read our dividend analysis for LAZ. What ETFs hold Lazard's stock? ETFs with the largest weight of Lazard (NYSE:LAZ) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), Schwab Ariel ESG ETF (SAEF), iShares Factors US Value Style ETF (STLV), SPDR S&P Capital Markets ETF (KCE), Invesco KBW High Dividend Yield Financial ETF (KBWD), Cultivar ETF (CVAR), First Trust Financial AlphaDEX Fund (FXO) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM). Is Lazard a good dividend stock? Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 6.87%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 93.02%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LAZ will have a dividend payout ratio of 51.28% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for LAZ. What is Kenneth M. Jacobs' approval rating as Lazard's CEO? 96 employees have rated Lazard Chief Executive Officer Kenneth M. Jacobs on Glassdoor.com. Kenneth M. Jacobs has an approval rating of 98% among the company's employees. This puts Kenneth M. Jacobs in the top 20% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Lazard own? 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). What is Lazard's stock symbol? Lazard trades on the New York Stock Exchange (NYSE) under the ticker symbol "LAZ." Who are Lazard's major shareholders? Lazard's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (8.22%), BlackRock Inc. (4.28%), Charles Schwab Investment Management Inc. (2.34%), Southeastern Asset Management Inc. TN (2.02%), Epoch Investment Partners Inc. (1.99%) and Fisher Asset Management LLC (1.91%). Insiders that own company stock include Alexander F Stern, Dominick Ragone, Scott D Hoffman and Scott D Hoffman. View institutional ownership trends. How do I buy shares of Lazard? Shares of LAZ stock 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. Compare Top Brokerages Here. What is Lazard's stock price today? One share of LAZ stock can currently be purchased for approximately $30.78. How much money does Lazard make? Lazard (NYSE:LAZ) has a market capitalization of $3.47 billion and generates $2.86 billion in revenue each year. The asset manager earns $357.52 million in net income (profit) each year or $2.15 on an earnings per share basis. How many employees does Lazard have? The company employs 3,402 workers across the globe. How can I contact Lazard? Lazard's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM II. The official website for the company is www.lazard.com. The asset manager can be reached via phone at (212) 632-6000, via email at alexandra.deignan@lazard.com, or via fax at 441-292-4720. This page (NYSE:LAZ) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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