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

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$50.67 -0.06 (-0.12 %)
(As of 06/22/2018 12:44 PM ET)
Previous Close$51.23
Today's Range$50.63 - $51.28
52-Week Range$40.50 - $60.00
Volume12,214 shs
Average Volume641,221 shs
Market Capitalization$6.75 billion
P/E Ratio13.42
Dividend Yield3.38%
Beta1.84
Lazard logoLazard 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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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio1.13
Current Ratio1.97
Quick Ratio1.97

Price-To-Earnings

Trailing P/E Ratio13.42
Forward P/E Ratio11.34
P/E Growth1.17

Sales & Book Value

Annual Sales$2.70 billion
Price / Sales2.44
Cash Flow$6.7650 per share
Price / Cash7.49
Book Value$9.70 per share
Price / Book5.22

Profitability

EPS (Most Recent Fiscal Year)$3.78
Net Income$253.58 million
Net Margins10.81%
Return on Equity44.63%
Return on Assets11.70%

Miscellaneous

Employees2,843
Outstanding Shares129,770,000

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, 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 3.46%. The ex-dividend date is Friday, May 4th. This is a boost from Lazard's previous quarterly dividend of $0.12. View Lazard's Dividend History.

How will Lazard's stock buyback program work?

Lazard announced that its Board of Directors has approved a share repurchase 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) issued its quarterly earnings results on Thursday, April, 26th. The asset manager reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.22. The asset manager earned $724 million during the quarter, compared to the consensus estimate of $652.99 million. Lazard had a return on equity of 44.63% and a net margin of 10.81%. Lazard's revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. View Lazard's Earnings History.

When is Lazard's next earnings date?

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Lazard.

What price target have analysts set for LAZ?

8 Wall Street analysts have issued 1-year price targets for Lazard's stock. Their forecasts range from $40.00 to $67.00. On average, they anticipate Lazard's share price to reach $60.2857 in the next twelve months. View Analyst Ratings for Lazard.

Who are some of Lazard's key competitors?

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)

Has Lazard been receiving favorable news coverage?

News stories about LAZ stock have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lazard earned a coverage optimism score of 0.04 on Accern's scale. They also assigned media headlines about the asset manager an impact score of 46.99 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Who are Lazard's major shareholders?

Lazard's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.64%), LSV Asset Management (3.00%), JPMorgan Chase & Co. (1.41%), Fisher Asset Management LLC (1.14%), Hosking Partners LLP (0.87%) and Franklin Resources Inc. (0.74%). 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.

Which institutional investors are selling Lazard stock?

LAZ stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Public Employees Retirement Association of Colorado, Franklin Resources Inc., Systematic Financial Management LP, Principal Financial Group Inc., Principal Financial Group Inc., M&T Bank Corp and Federated Investors Inc. PA. 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 Robeco Institutional Asset Management B.V., Hsbc Holdings PLC, Origin Asset Management LLP, Russell Investments Group Ltd., JPMorgan Chase & Co., Schwab Charles Investment Management Inc., Maltese Capital Management LLC and Prudential Financial Inc.. 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 $50.84.

How big of a company is Lazard?

Lazard has a market capitalization of $6.75 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.

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 (LAZ)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  472 (Vote Outperform)
Underperform Votes:  416 (Vote Underperform)
Total Votes:  888
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.
This page was last updated on 6/22/2018 by MarketBeat.com Staff

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