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

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

Lazard declared a quarterly dividend on Wednesday, April 25th. Stockholders of record on Monday, May 7th will be paid a dividend of $0.44 per share on Friday, May 18th. This represents a $1.76 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Friday, May 4th. This is an increase from Lazard's previous quarterly dividend of $0.12. View Lazard's Dividend History.

Lazard declared that its board has approved a stock buyback program on Thursday, October 26th 2017, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Lazard Ltd (NYSE:LAZ) announced its quarterly earnings data on Thursday, April, 26th. The asset manager reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.22. The asset manager had revenue of $724 million for the quarter, compared to analysts' expectations of $652.99 million. Lazard had a net margin of 10.81% and a return on equity of 44.63%. Lazard's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 earnings per share. 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 targets for Lazard's shares. Their forecasts range from $40.00 to $67.00. On average, they anticipate Lazard's stock price to reach $60.2857 in the next year. This suggests a possible upside of 20.5% from the stock's current price. View Analyst Ratings for Lazard.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Lazard include Blackstone Group (BX), Leg & Gen Grp P/S (LGGNY), Ameriprise Financial (AMP), Franklin Resources (BEN), KKR & Co. L.P. Unit (KKR), Invesco (IVZ), Affiliated Managers Group (AMG), Apollo Global Management LLC Class A (APO), Oaktree Capital Group (OAK), Eaton Vance (EV), Janus Henderson Group (JHG), Morningstar (MORN), Evercore (EVR), MAN Grp PLC/ADR (MNGPY) and Houlihan Lokey (HLI).

Media coverage about LAZ stock has trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded 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 0.13 on Accern's scale. They also assigned news headlines about the asset manager an impact score of 46.76 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Lazard's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.11%), NN Investment Partners Holdings N.V. (0.07%), Summit Financial Wealth Advisors LLC (0.05%), Columbia Partners L L C Investment Management (0.03%), State of Alaska Department of Revenue (0.02%) and Gofen & Glossberg LLC IL (0.02%). 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 Fisher Asset Management LLC, Clinton Group Inc. and NN Investment Partners Holdings N.V.. 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.

LAZ stock was purchased by a variety of institutional investors in the last quarter, including Gofen & Glossberg LLC IL, Summit Financial Wealth Advisors LLC, Osborn Williams & Donohoe LLC, Polianta Ltd, Columbia Partners L L C Investment Management, Denali Advisors LLC, State of Alaska Department of Revenue and Contravisory Investment Management 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 $50.03.

Lazard has a market capitalization of $6.49 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]