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
Stock Exchange NYSE
Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
Current SymbolNYSE:LAZ
Previous Symbol
CUSIPG5405010
Phone441-295-1422
Debt
Debt-to-Equity Ratio1.28
Current Ratio1.83
Quick Ratio1.83
Price-To-Earnings
Trailing P/E Ratio9.48
Forward P/E Ratio8.41
P/E Growth1.01
Sales & Book Value
Annual Sales$2.70 billion
Price / Sales1.72
Cash Flow$7.0117 per share
Price / Cash Flow5.11
Book Value$9.70 per share
Price / Book3.69
Profitability
EPS (Most Recent Fiscal Year)$3.78
Net Income$253.58 million
Net Margins11.49%
Return on Equity49.98%
Return on Assets11.98%
Miscellaneous
Employees2,843
Outstanding Shares129,770,000
Market Cap$4.60 billion
OptionableOptionable
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 Wednesday, October 24th. Shareholders of record on Monday, November 5th will be paid a dividend of $0.44 per share on Friday, November 16th. This represents a $1.76 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Friday, November 2nd. View Lazard's Dividend History.
How will Lazard's stock buyback program work?
Lazard announced that its Board of Directors has initiated a stock buyback program on Thursday, October 26th 2017, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.
How were Lazard's earnings last quarter?
Lazard Ltd (NYSE:LAZ) issued its quarterly earnings data on Thursday, October, 25th. The asset manager reported $0.86 EPS for the quarter, missing the Zacks' consensus estimate of $0.93 by $0.07. The asset manager earned $605.61 million during the quarter. Lazard had a return on equity of 49.98% and a net margin of 11.49%. View Lazard's Earnings History.
When is Lazard's next earnings date?
What price target have analysts set for LAZ?
9 analysts have issued 1 year target prices for Lazard's stock. Their forecasts range from $40.00 to $67.00. On average, they expect Lazard's stock price to reach $57.4286 in the next year. This suggests a possible upside of 60.3% from the stock's current price. View Analyst Price Targets for Lazard.
What is the consensus analysts' recommendation for Lazard?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lazard.
Has Lazard been receiving favorable news coverage?
Media coverage about LAZ stock has been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lazard earned a media sentiment score of 1.1 on InfoTrie's scale. They also assigned news headlines about the asset manager a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days.
Who are some of Lazard's key competitors?
Some companies that are related to Lazard include LEG & GEN GRP P/S (LGGNY), Franklin Resources (BEN), Ameriprise Financial (AMP), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group (OAK), Affiliated Managers Group (AMG), Apollo Global Management (APO), Morningstar (MORN), Eaton Vance (EV), Janus Henderson Group (JHG), Evercore (EVR), MAN GRP PLC/ADR (MNGPY), AllianceBernstein (AB) and Noah (NOAH).
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)
Who are Lazard's major shareholders?
Lazard's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.46%), BlackRock Inc. (3.66%), LSV Asset Management (3.05%), Morgan Stanley (2.24%), Deutsche Bank AG (2.20%) and FMR LLC (1.76%). Company insiders that own Lazard stock include Alexander F Stern, Matthieu Bucaille and Scott D Hoffman. View Institutional Ownership Trends for Lazard.
Which institutional investors are selling Lazard stock?
LAZ stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Acadian Asset Management LLC, JPMorgan Chase & Co., Credit Suisse AG, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Renaissance Technologies LLC and First Quadrant L P CA. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern and Scott D Hoffman. View Insider Buying and Selling for Lazard.
Which institutional investors are buying Lazard stock?
LAZ stock was bought by a variety of institutional investors in the last quarter, including Thornburg Investment Management Inc., Deutsche Bank AG, Morgan Stanley, Royce & Associates LP, SG Americas Securities LLC, Fisher Asset Management LLC, Bank of Montreal Can and Vanguard Group Inc.. View Insider Buying and Selling for Lazard.
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 $35.83.
How big of a company is Lazard?
Lazard has a market capitalization of $4.60 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.
What is Lazard's official website?
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 (NYSE 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.
