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NYSE:LAZLazard Stock Price, Forecast & News

$32.69
+1.46 (+4.67 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$31.61
Now: $32.69
$34.24
50-Day Range
$24.12
MA: $26.38
$31.23
52-Week Range
$20.94
Now: $32.69
$44.95
Volume1.15 million shs
Average Volume631,775 shs
Market Capitalization$3.43 billion
P/E Ratio15.00
Dividend Yield6.02%
Beta1.75
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.9Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.55 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$8.03 per share
Book Value$6.49 per share

Profitability

Net Income$286.50 million

Miscellaneous

Employees3,018
Market Cap$3.43 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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LAZ stock has increased by 10.4% and is now trading at $32.69. 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) released its earnings results 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 earned $563 million during the quarter, compared to the consensus estimate of $585.73 million. Lazard had a return on equity of 52.29% and a net margin of 9.89%. The business's quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior 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 declared a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, May 11th will be given a dividend of $0.47 per share on Friday, May 22nd. This represents a $1.88 annualized dividend and a dividend yield of 5.75%. 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 equities research analysts have issued 1 year target prices for Lazard's stock. Their forecasts range from $24.00 to $48.00. On average, they expect Lazard's share price to reach $35.00 in the next year. This suggests a possible upside of 7.1% from the stock's current price. View analysts' price targets for Lazard.

Has Lazard been receiving favorable news coverage?

Headlines about LAZ stock have been trending positive this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lazard earned a daily sentiment score of 3.0 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock'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 trading volume of 874,600 shares, the short-interest ratio is currently 4.4 days. Approximately 3.8% of the shares of the company are sold short. 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 number of retail and institutional investors. Top institutional shareholders 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 bought 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 $32.69.

How big of a company is Lazard?

Lazard has a market capitalization of $3.43 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 6/6/2020 by MarketBeat.com Staff

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