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 Ratio1.07
Current Ratio1.78
Quick Ratio1.78
Price-To-Earnings
Trailing P/E Ratio10.65
Forward P/E Ratio9.09
P/E Growth1.06
Sales & Book Value
Annual Sales$2.70 billion
Price / Sales1.94
Cash Flow$6.6639 per share
Price / Cash6.04
Book Value$9.70 per share
Price / Book4.15
Profitability
EPS (Most Recent Fiscal Year)$3.78
Net Income$253.58 million
Net Margins11.58%
Return on Equity47.49%
Return on Assets12.07%
Miscellaneous
Employees2,843
Outstanding Shares129,770,000
Market Cap$5.44 billion
OptionableN/A
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, July 25th. Shareholders of record on Monday, August 6th will be given a dividend of $0.44 per share on Friday, August 17th. This represents a $1.76 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Friday, August 3rd. View Lazard's Dividend History.
How will Lazard's stock buyback program work?
Lazard announced that its Board of Directors has authorized a share buyback program on Thursday, October 26th 2017, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.
How were Lazard's earnings last quarter?
Lazard Ltd (NYSE:LAZ) posted its quarterly earnings results on Thursday, July, 26th. The asset manager reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.92 by $0.18. The asset manager had revenue of $741 million for the quarter, compared to the consensus estimate of $663.44 million. Lazard had a net margin of 11.58% and a return on equity of 47.49%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. View Lazard's Earnings History.
When is Lazard's next earnings date?
How can I listen to Lazard's earnings call?
Lazard will be holding an earnings conference call on Thursday, October 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8002890438.
What price target have analysts set for LAZ?
9 brokers have issued 12 month price targets for Lazard's stock. Their forecasts range from $40.00 to $67.00. On average, they expect Lazard's share price to reach $60.2857 in the next twelve months. This suggests a possible upside of 49.8% 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 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lazard.
Who are some of Lazard's key competitors?
Some companies that are related to Lazard include Ameriprise Financial (AMP), Leg & Gen Grp P/S (LGGNY), Franklin Resources (BEN), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group (OAK), Affiliated Managers Group (AMG), Apollo Global Management (APO), Eaton Vance (EV), Morningstar (MORN), Janus Henderson Group (JHG), Evercore (EVR), AllianceBernstein (AB), Financial Engines (FNGN) and Moelis & Co (MC).
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 number of of retail and institutional investors. Top institutional investors include RWC Asset Management LLP (0.81%), Bank of Montreal Can (0.42%), First Quadrant L P CA (0.27%), Cornerstone Wealth Management LLC (0.16%), Summit Financial Wealth Advisors LLC (0.06%) and Callahan Advisors LLC (0.05%). Company insiders that own Lazard stock include Alexander F Stern, Matthieu Bucaille and Scott D Hoffman. View Institutional Ownership Trends for Lazard.
Which major investors are selling Lazard stock?
LAZ stock was sold by a variety of institutional investors in the last quarter, including First Quadrant L P CA, Cornerstone Wealth Management LLC, Callahan Advisors LLC, State of Alaska Department of Revenue, Telemus Capital LLC and First Midwest Bank Trust Division. 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 major investors are buying Lazard stock?
LAZ stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, RWC Asset Management LLP, Seven Eight Capital LP, Summit Financial Wealth Advisors LLC, Oakbrook Investments LLC, Ramsey Quantitative Systems, Calamos Advisors LLC and Gofen & Glossberg LLC IL. 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 $40.25.
How big of a company is Lazard?
Lazard has a market capitalization of $5.44 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.
