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S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
The 3-Stock Retirement Blueprint (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
MarketBeat: Week in Review 9/19 – 9/23
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China using civilian ships to enhance navy capability, reach
German leader seeks energy deals, alliances on Gulf trip
The 3-Stock Retirement Blueprint (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
5 Monthly Dividends Yielding 7.9% to 18.3%
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
The 3-Stock Retirement Blueprint (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
MarketBeat: Week in Review 9/19 – 9/23
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China using civilian ships to enhance navy capability, reach
German leader seeks energy deals, alliances on Gulf trip
The 3-Stock Retirement Blueprint (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
5 Monthly Dividends Yielding 7.9% to 18.3%
NYSE:LAZ

Lazard - LAZ Stock Forecast, Price & News

$33.47
-1.82 (-5.16%)
(As of 09/23/2022 12:00 AM ET)
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Compare
Today's Range
$33.01
$34.83
50-Day Range
$32.91
$39.66
52-Week Range
$30.72
$53.00
Volume
1.01 million shs
Average Volume
672,231 shs
Market Capitalization
$3.77 billion
P/E Ratio
7.02
Dividend Yield
5.67%
Price Target
$39.71

Lazard MarketRank™ Forecast

Analyst Rating
Hold
1.86 Rating Score
Upside/​Downside
18.7% Upside
$39.71 Price Target
Short Interest
Healthy
4.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.14mentions of Lazard in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.26%
From $3.80 to $3.81 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Finance Sector

634th out of 890 stocks

Investment Advice Industry

39th out of 49 stocks

LAZ stock logo

About Lazard (NYSE:LAZ) Stock

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. The company was founded in 1848 and is based in Hamilton, Bermuda.

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LAZ Stock News Headlines

Investors Buy Large Volume of Call Options on Lazard (NYSE:LAZ)
Lazard's (LAZ) August AUM Slips 3.6% on Market Depreciation
Lazard Set to Hire Key Aramco IPO Banker From Citigroup
Lazard says AUM as of Aug. 31 down M/M - Seeking Alpha
Lazard Reports August 2022 Assets Under Management
See More Headlines
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LAZ Company Calendar

Last Earnings
7/28/2022
Ex-Dividend for 8/19 Dividend
8/05/2022
Dividend Payable
8/19/2022
Today
9/24/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
G5405010
Employees
3,179
Year Founded
1848

Price Target and Rating

Average Stock Price Forecast
$39.71
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+18.7%
Consensus Rating
Hold
Rating Score (0-4)
1.86
Research Coverage
7 Analysts

Profitability

Net Income
$528.06 million
Pretax Margin
22.67%

Debt

Sales & Book Value

Annual Sales
$3.27 billion
Cash Flow
$7.17 per share
Book Value
$9.52 per share

Miscellaneous

Free Float
108,413,000
Market Cap
$3.77 billion
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • Mr. Kenneth Marc Jacobs (Age 63)
    Chairman & CEO
    Comp: $4.1M
  • Mr. Alexander Franz SternMr. Alexander Franz Stern (Age 56)
    Pres
    Comp: $2.4M
  • Mr. Evan Lawrence Russo J.D. (Age 47)
    CFO & CEO of Asset Management
    Comp: $2.14M
  • Mr. Peter R. Orszag (Age 53)
    Chief Exec. Officer of Financial Advisory
    Comp: $5.16M
  • Mr. Dominick J. Ragone III (Age 60)
    Chief Accounting Officer
  • Mr. Pierre Tattevin (Age 65)
    Managing Director
  • Mr. Paul J. Haigney
    Vice Chairman of US Investment Banking & Chairman of Technology
  • Mr. Scott D. Hoffman Esq.Mr. Scott D. Hoffman Esq. (Age 59)
    Chief Admin. Officer, Gen. Counsel & Sec.
  • Ms. Alexandra M. Deignan
    Head of Investor Relations
  • Ms. Judi Frost Mackey
    Managing Director of Global Communications













LAZ Stock - Frequently Asked Questions

Should I buy or sell Lazard stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last twelve months. There are currently 3 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LAZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LAZ, but not buy additional shares or sell existing shares.
View LAZ analyst ratings
or view top-rated stocks.

What is Lazard's stock price forecast for 2022?

7 brokerages have issued twelve-month target prices for Lazard's stock. Their LAZ share price forecasts range from $30.00 to $56.00. On average, they anticipate the company's stock price to reach $39.71 in the next year. This suggests a possible upside of 18.7% from the stock's current price.
View analysts price targets for LAZ
or view top-rated stocks among Wall Street analysts.

How have LAZ shares performed in 2022?

Lazard's stock was trading at $43.63 at the beginning of 2022. Since then, LAZ stock has decreased by 23.3% and is now trading at $33.47.
View the best growth stocks for 2022 here
.

Are investors shorting Lazard?

Lazard saw a decrease in short interest in August. As of August 31st, there was short interest totaling 4,730,000 shares, a decrease of 9.7% from the August 15th total of 5,240,000 shares. Based on an average daily volume of 657,900 shares, the days-to-cover ratio is presently 7.2 days. Approximately 4.4% of the shares of the company are short sold.
View Lazard's Short Interest
.

When is Lazard's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our LAZ earnings forecast
.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) released its earnings results on Thursday, July, 28th. The asset manager reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. The asset manager earned $676 million during the quarter, compared to the consensus estimate of $666.39 million. Lazard had a net margin of 16.85% and a trailing twelve-month return on equity of 56.01%. The firm's revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share.

How often does Lazard pay dividends? What is the dividend yield for Lazard?

Lazard declared a quarterly dividend on Friday, July 29th. Investors of record on Monday, August 8th will be given a dividend of $0.50 per share on Friday, August 19th. This represents a $2.00 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Friday, August 5th.
Read our dividend analysis for LAZ
.

Is Lazard a good dividend stock?

Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 5.67%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LAZ will have a dividend payout ratio of 52.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LAZ.

What is Kenneth M. Jacobs' approval rating as Lazard's CEO?

96 employees have rated Lazard Chief Executive Officer Kenneth M. Jacobs on Glassdoor.com. Kenneth M. Jacobs has an approval rating of 98% among the company's employees. This puts Kenneth M. Jacobs in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

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), AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Enterprise Products Partners (EPD), Micron Technology (MU), CVS Health (CVS) and QUALCOMM (QCOM).

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 variety of retail and institutional investors. Top institutional shareholders include Southeastern Asset Management Inc. TN (4.95%), Price T Rowe Associates Inc. MD (0.00%), RWC Asset Management LLP (0.00%), State Street Corp (1.81%), Jennison Associates LLC (0.00%) and Royce & Associates LP (0.57%). Insiders that own company stock include Alexander F Stern, Dominick Ragone, Scott D Hoffman and Scott D Hoffman.
View institutional ownership trends
.

How do I buy shares of Lazard?

Shares of LAZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lazard's stock price today?

One share of LAZ stock can currently be purchased for approximately $33.47.

How much money does Lazard make?

Lazard (NYSE:LAZ) has a market capitalization of $3.77 billion and generates $3.27 billion in revenue each year. The asset manager earns $528.06 million in net income (profit) each year or $4.77 on an earnings per share basis.

How many employees does Lazard have?

The company employs 3,179 workers across the globe.

How can I contact Lazard?

Lazard's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM II. The official website for the company is www.lazard.com. The asset manager can be reached via phone at (212) 632-6000, via email at alexandra.deignan@lazard.com, or via fax at 441-292-4720.

This page (NYSE:LAZ) was last updated on 9/24/2022 by MarketBeat.com Staff

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