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

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

Lazard announced a quarterly dividend on Thursday, January 18th. Stockholders of record on Monday, February 12th will be given a dividend of $0.116 per share on Friday, February 23rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, February 9th. View Lazard's Dividend History.

Lazard announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 26th 2017, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Lazard (NYSE:LAZ) issued its quarterly earnings data on Thursday, April, 26th. The asset manager reported $1.26 EPS for the quarter, beating the consensus estimate of $1.04 by $0.22. The asset manager had revenue of $724 million for the quarter, compared to analyst estimates of $652.99 million. Lazard had a net margin of 9.40% and a return on equity of 38.93%. The business's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. View Lazard's Earnings History.

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

8 analysts have issued 1-year price targets for Lazard's shares. Their predictions range from $40.00 to $67.00. On average, they anticipate Lazard's stock price to reach $60.1429 in the next year. View Analyst Ratings for Lazard.

Lazard saw a decline in short interest in March. As of March 29th, there was short interest totalling 1,982,066 shares, a decline of 36.2% from the March 15th total of 3,108,839 shares. Based on an average daily trading volume, of 1,151,936 shares, the short-interest ratio is currently 1.7 days. Currently, 1.6% of the company's stock are short sold.

Some companies that are related to Lazard include Legal & General (LGGNY), The Blackstone Group (BX), Ameriprise Financial (AMP), Franklin Templeton Investments (BEN), Invesco (IVZ), KKR & Co. L.P. (KKR), Affiliated Managers Group (AMG), Eaton Vance (EV), Henderson Group (JHG), Oaktree Capital Management (OAK), Apollo Global Management (APO), Morningstar (MORN), Man Group (MNGPY), Evercore Partners (EVR) and Legg Mason (LM).

Media headlines about LAZ stock have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to 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 media headlines about the asset manager an impact score of 46.01 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

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 $53.60.

Lazard has a market capitalization of $6.76 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]