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
Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
Phone441-295-1422
Debt
Current Ratio1.83
Quick Ratio1.83
Price-To-Earnings
Sales & Book Value
Annual Sales$2.70 billion
Price / Sales1.81
Price / Cash Flow5.31
Price / Book3.88
Profitability
Net Income$253.58 million
Net Margins11.49%
Return on Assets11.98%
Miscellaneous
Employees2,843
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 given a dividend of $0.44 per share on Friday, November 16th. This represents a $1.76 annualized dividend and a yield of 4.68%. The ex-dividend date 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 approved a stock repurchase program on Thursday, October 26th 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.
How were Lazard's earnings last quarter?
Lazard Ltd (NYSE:LAZ) announced its earnings results on Thursday, October, 25th. The asset manager reported $0.86 earnings per share (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 net margin of 11.49% and a return on equity of 49.98%. View Lazard's Earnings History.
When is Lazard's next earnings date?
What price target have analysts set for LAZ?
6 analysts have issued 12 month price targets for Lazard's stock. Their forecasts range from $40.00 to $67.00. On average, they anticipate Lazard's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 38.2% from the stock's current price. View Analyst Price Targets for Lazard.
What is the consensus analysts' recommendation for Lazard?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lazard.
Has Lazard been receiving favorable news coverage?
Headlines about LAZ stock have been trending negative on Wednesday, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lazard earned a media sentiment score of -2.5 on InfoTrie's scale. They also assigned media headlines about the asset manager a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the near term.
Who are some of Lazard's key competitors?
Some companies that are related to Lazard include LEG & GEN GRP P/S (LGGNY), Ameriprise Financial (AMP), Franklin Resources (BEN), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group (OAK), Affiliated Managers Group (AMG), Apollo Global Management (APO), Morningstar (MORN), Janus Henderson Group (JHG), Eaton Vance (EV), Evercore (EVR), MAN GRP PLC/ADR (MNGPY), AllianceBernstein (AB) and Houlihan Lokey (HLI).
Who are Lazard's key executives?
Lazard's management team includes the folowing people:
- Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 61)
- Mr. Ashish Bhutani, Vice Chairman & Managing Director (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, MD, Gen. Counsel & Sec. (Age 56)
Who are Lazard's major shareholders?
Lazard's stock is owned by a variety of of retail and institutional investors. Top institutional investors include North Star Investment Management Corp. (0.04%), Gofen & Glossberg LLC IL (0.02%), State of Alaska Department of Revenue (0.02%), Sheets Smith Wealth Management (0.01%), First Hawaiian Bank (0.01%) and Cerebellum GP LLC (0.01%). 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 Sheets Smith Wealth Management, Gofen & Glossberg LLC IL and Webster Bank N. A.. 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 acquired by a variety of institutional investors in the last quarter, including North Star Investment Management Corp., First Hawaiian Bank, Cerebellum GP LLC and State of Alaska Department of Revenue. 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 $37.62.
How big of a company is Lazard?
Lazard has a market capitalization of $4.78 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.
