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NYSE:LAZLazard Stock Price, Forecast & News

$27.67
+0.81 (+3.02 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$26.72
Now: $27.67
$28.01
50-Day Range
$24.12
MA: $26.14
$28.47
52-Week Range
$20.94
Now: $27.67
$44.95
Volume719,740 shs
Average Volume872,117 shs
Market Capitalization$2.91 billion
P/E Ratio12.69
Dividend Yield7.00%
Beta1.76
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.
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Lazard logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.9Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.95 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
CUSIPG5405010
Phone441-295-1422

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.67 billion
Cash Flow$7.91 per share
Book Value$6.49 per share

Profitability

Net Income$286.50 million

Miscellaneous

Employees3,018
Market Cap$2.91 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Lazard (NYSE:LAZ) Frequently Asked Questions

How has Lazard's stock been impacted by COVID-19 (Coronavirus)?

Lazard's stock was trading at $29.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LAZ shares have decreased by 6.6% and is now trading at $27.67. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Lazard?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Lazard.

When is Lazard's next earnings date?

Lazard is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Lazard.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) posted its quarterly earnings data on Thursday, April, 30th. The asset manager reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.04. The asset manager had revenue of $563 million for the quarter, compared to analyst estimates of $585.73 million. Lazard had a return on equity of 52.29% and a net margin of 9.89%. Lazard's revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 earnings per share. View Lazard's earnings history.

How often does Lazard pay dividends? What is the dividend yield for Lazard?

Lazard announced a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, May 11th will be paid a dividend of $0.47 per share on Friday, May 22nd. This represents a $1.88 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend is Friday, May 8th. View Lazard's dividend history.

What price target have analysts set for LAZ?

8 Wall Street analysts have issued 1-year price objectives for Lazard's shares. Their forecasts range from $24.00 to $48.00. On average, they anticipate Lazard's stock price to reach $35.00 in the next twelve months. This suggests a possible upside of 26.5% from the stock's current price. View analysts' price targets for Lazard.

Has Lazard been receiving favorable news coverage?

News stories about LAZ stock have been trending extremely positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lazard earned a daily sentiment score of 5.0 on InfoTrie's scale. They also assigned headlines about the asset manager a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutLazard.

Are investors shorting Lazard?

Lazard saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,870,000 shares, an increase of 38.7% from the April 30th total of 2,790,000 shares. Based on an average daily volume of 874,600 shares, the short-interest ratio is presently 4.4 days. Approximately 3.8% of the company's shares are short sold. View Lazard's Current Options Chain.

Who are some of Lazard's key competitors?

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), AbbVie (ABBV), AT&T (T), Cisco Systems (CSCO), Walt Disney (DIS), Micron Technology (MU), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), NVIDIA (NVDA) and Johnson & Johnson (JNJ).

Who are Lazard's key executives?

Lazard's management team includes the following people:
  • Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 61)
  • Mr. Ashish Bhutani, Vice Chairman & MD (Age 59)
  • Mr. Evan L. Russo J.D., Chief Financial Officer (Age 44)
  • Mr. Alexander Franz Stern, Chief Operating Officer & CEO of Financial Advisory (Age 53)
  • Mr. Scott D. Hoffman Esq., Chief Admin. Officer, Gen. Counsel & Sec. (Age 56)

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 investors include Southeastern Asset Management Inc. TN (6.85%), BlackRock Inc. (4.32%), JPMorgan Chase & Co. (2.92%), Geode Capital Management LLC (1.47%), State Street Corp (1.14%) and Fisher Asset Management LLC (1.13%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone 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 Southeastern Asset Management Inc. TN, Morgan Stanley, Morgan Stanley, Strs Ohio, Two Sigma Investments LP, First Trust Advisors LP, State Street Corp, and BlackRock Inc.. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern, Dominick Ragone, and Scott D Hoffman. View insider buying and selling activity for Lazard.

Which institutional investors are buying Lazard stock?

LAZ stock was purchased by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, Private Capital Advisors Inc., Robeco Institutional Asset Management B.V., Basswood Capital Management L.L.C., Squarepoint Ops LLC, BNP Paribas Arbitrage SA, Russell Investments Group Ltd., and Schroder Investment Management Group. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Lazard's stock price today?

One share of LAZ stock can currently be purchased for approximately $27.67.

How big of a company is Lazard?

Lazard has a market capitalization of $2.91 billion and generates $2.67 billion in revenue each year. The asset manager earns $286.50 million in net income (profit) each year or $3.28 on an earnings per share basis. Lazard employs 3,018 workers across the globe.

What is Lazard's official website?

The official website for Lazard is www.lazard.com.

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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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