NYSE:LAZ Lazard - LAZ Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Lazard Ltd Please log in to your account or sign up in order to add this asset to your watchlist. $32.31 -0.78 (-2.36%) (As of 03/28/2023 04:00 PM ET) Add Compare Share Share Today's Range$32.02▼$33.0050-Day Range$32.50▼$41.1652-Week Range$30.20▼$43.44Volume625,626 shsAverage Volume731,233 shsMarket Capitalization$3.64 billionP/E Ratio9.31Dividend Yield6.19%Price Target$38.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Lazard MarketRank™ ForecastAnalyst RatingHold1.83 Rating ScoreUpside/Downside18.4% Upside$38.50 Price TargetShort InterestHealthy2.41% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.24Upright™ Environmental ScoreNews Sentiment0.24Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth29.88%From $3.38 to $4.39 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.60 out of 5 starsFinance Sector381st out of 891 stocksInvestment Advice Industry22nd out of 48 stocks 1.9 Analyst's Opinion Consensus RatingLazard has received a consensus rating of Hold. The company's average rating score is 1.83, and is based on 2 buy ratings, 1 hold rating, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $38.50, Lazard has a forecasted upside of 18.4% from its current price of $32.52.Amount of Analyst CoverageLazard has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.41% of the float of Lazard has been sold short.Short Interest Ratio / Days to CoverLazard has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Lazard has recently increased by 23.11%, indicating that investor sentiment is decreasing significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipLazard is a leading dividend payer. It pays a dividend yield of 6.11%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthLazard has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Lazard is 57.64%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Lazard will have a dividend payout ratio of 45.56% next year. This indicates that Lazard will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreLazard has received a 13.88% net impact score from Upright. Lazard seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Societal infrastructure". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Mutual funds", "Mergers and acquisition advisory services", and "Ownership restructuring services" products. See details.Environmental SustainabilityThe Environmental Impact score for Lazard is -0.24. Previous Next 1.8 News and Social Media Coverage News SentimentLazard has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Lazard this week, compared to 5 articles on an average week.Search InterestOnly 7 people have searched for LAZ on MarketBeat in the last 30 days. This is a decrease of -61% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Lazard to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Lazard insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.86% of the stock of Lazard is held by insiders.Percentage Held by Institutions63.55% of the stock of Lazard is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Lazard are expected to grow by 29.88% in the coming year, from $3.38 to $4.39 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Lazard is 9.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.04.Price to Earnings Ratio vs. SectorThe P/E ratio of Lazard is 9.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 138.47.Price to Book Value per Share RatioLazard has a P/B Ratio of 5.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Lazard (NYSE:LAZ) StockLazard Ltd. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.Read More Receive LAZ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Lazard and its competitors with MarketBeat's FREE daily newsletter. Email Address LAZ Stock News HeadlinesMarch 25, 2023 | finance.yahoo.comWith 75% institutional ownership, Lazard Ltd (NYSE:LAZ) is a favorite amongst the big gunsMarch 22, 2023 | finance.yahoo.comFirst Republic hires Lazard to explore options after share price tumblesMarch 28, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …March 22, 2023 | americanbankingnews.comLazard Ltd (NYSE:LAZ) Receives $38.50 Consensus Price Target from AnalystsMarch 13, 2023 | msn.comChiefs Tabbed as Team to Watch for Allen Lazard in Free AgencyMarch 10, 2023 | finance.yahoo.comLazard Reports February 2023 Assets Under ManagementMarch 8, 2023 | finance.yahoo.comRaymond J. McGuire Joins Lazard as PresidentMarch 6, 2023 | msn.comTitans named among best fits for Allen Lazard in free agencyMarch 28, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …March 2, 2023 | finance.yahoo.comLazard's (LAZ) Asset Management Division Acquires TruvvoMarch 1, 2023 | finance.yahoo.comLazard Asset Management Acquires Truvvo Partners, Creating Lazard Family Office PartnersFebruary 26, 2023 | finance.yahoo.comLazard Full Year 2022 Earnings: EPS Misses ExpectationsFebruary 10, 2023 | finance.yahoo.comLazard’s family legacy is gone, the Rothschilds fight onFebruary 10, 2023 | finance.yahoo.comLazard Reports January 2023 Assets Under ManagementFebruary 8, 2023 | finance.yahoo.comEarnings are growing at Lazard (NYSE:LAZ) but shareholders still don't like its prospectsFebruary 3, 2023 | finance.yahoo.comLazard (LAZ) Q4 Earnings Miss Estimates, Revenues Fall Y/YFebruary 2, 2023 | finance.yahoo.comLazard (LAZ) Misses Q4 Earnings EstimatesFebruary 2, 2023 | ca.finance.yahoo.comLazard profit drops on M&A slowdown but outlook improves; shares climbFebruary 2, 2023 | finance.yahoo.comLazard stock pops on growing macroeconomic optimism, stronger-than-expected revenueFebruary 2, 2023 | finance.yahoo.comLazard Ltd Reports Full-Year and Fourth-Quarter 2022 ResultsJanuary 23, 2023 | finance.yahoo.comWassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment BankingJanuary 23, 2023 | finance.yahoo.comLazard Boosts Riyadh Banking Hub For MENA Region With New CEO HireJanuary 23, 2023 | finance.yahoo.comLazard names Al-Khatib as CEO of Lazard's investment banking business for Middle East, North AfricaJanuary 23, 2023 | finance.yahoo.comUPDATE 1-Lazard appoints Al-Khatib as MENA investment banking CEOJanuary 18, 2023 | finance.yahoo.comCrypto Media Outlet CoinDesk Taps Bankers for Potential SaleJanuary 18, 2023 | finance.yahoo.comLazard to Announce Fourth-Quarter and Full-Year 2022 ResultsJanuary 12, 2023 | finance.yahoo.comLazard Reports December 2022 Assets Under ManagementSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive LAZ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Lazard and its competitors with MarketBeat's FREE daily newsletter. Email Address LAZ Company Calendar Last Earnings2/02/2023Ex-Dividend for 2/24 Dividend2/10/2023Dividend Payable2/24/2023Today3/28/2023Next Earnings (Estimated)4/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Investment advice Sub-IndustryInvestment Banking & Brokerage SectorFinance Current SymbolNYSE:LAZ CUSIPG5405010 CIK1311370 Webwww.lazard.com Phone(212) 632-6000Fax441-292-4720Employees3,402Year Founded1848Price Target and Rating Average Stock Price Forecast$38.50 High Stock Price Forecast$53.00 Low Stock Price Forecast$29.00 Forecasted Upside/Downside+19.9%Consensus RatingHold Rating Score (0-4)1.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$3.47 Trailing P/E Ratio9.25 Forward P/E Ratio9.50 P/E GrowthN/ANet Income$357.52 million Net Margins12.52% Pretax Margin18.64% Return on Equity48.82% Return on Assets6.00% Debt Debt-to-Equity Ratio2.50 Current Ratio1.99 Quick Ratio1.99 Sales & Book Value Annual Sales$2.86 billion Price / Sales1.27 Cash Flow$7.25 per share Price / Cash Flow4.43 Book Value$5.99 per share Price / Book5.36Miscellaneous Outstanding Shares112,770,000Free Float108,413,000Market Cap$3.62 billion OptionableOptionable Beta1.41 Social Links Key ExecutivesKenneth Marc JacobsChairman & Chief Executive OfficerMary Ann BetschChief Financial OfficerScott D. HoffmanChief Administrative Officer & General CounselGlenn PorrittMD & Head-Singapore Investment BankingPeter R. OrszagChief Executive Officer-Financial AdvisoryKey CompetitorsEvercoreNYSE:EVRAllianceBernsteinNYSE:ABFocus Financial PartnersNASDAQ:FOCSHamilton LaneNASDAQ:HLNEJanus Henderson GroupNYSE:JHGView All CompetitorsInsiders & InstitutionsRockefeller Capital Management L.P.Sold 24,199 shares on 3/6/2023Ownership: 0.025%Voya Investment Management LLCBought 63,239 shares on 2/28/2023Ownership: 0.067%Teachers Retirement System of The State of KentuckyBought 78,800 shares on 2/22/2023Ownership: 0.298%Macquarie Group Ltd.Sold 1,470 shares on 2/21/2023Ownership: 0.043%Northwestern Mutual Wealth Management Co.Sold 795 shares on 2/21/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions LAZ Stock - Frequently Asked Questions Should I buy or sell Lazard stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 1 hold rating 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 2023? 6 equities research analysts have issued 12-month target prices for Lazard's shares. Their LAZ share price forecasts range from $29.00 to $53.00. On average, they anticipate the company's share price to reach $38.50 in the next twelve months. This suggests a possible upside of 19.9% 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 2023? Lazard's stock was trading at $34.67 at the beginning of 2023. Since then, LAZ stock has decreased by 7.4% and is now trading at $32.10. View the best growth stocks for 2023 here. Are investors shorting Lazard? Lazard saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,610,000 shares, an increase of 23.1% from the February 28th total of 2,120,000 shares. Based on an average daily volume of 739,400 shares, the short-interest ratio is currently 3.5 days. Approximately 2.4% of the company's shares 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 Thursday, April 27th 2023. View our LAZ earnings forecast. How were Lazard's earnings last quarter? Lazard Ltd (NYSE:LAZ) issued its quarterly earnings results on Thursday, February, 2nd. The asset manager reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by $0.03. The asset manager had revenue of $731.86 million for the quarter, compared to analysts' expectations of $655.09 million. Lazard had a net margin of 12.52% and a trailing twelve-month return on equity of 48.82%. Lazard's revenue for the quarter was down 27.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 earnings per share. How often does Lazard pay dividends? What is the dividend yield for Lazard? Lazard declared a quarterly dividend on Wednesday, February 1st. Shareholders of record on Monday, February 13th will be given a dividend of $0.50 per share on Friday, February 24th. This represents a $2.00 annualized dividend and a yield of 6.23%. The ex-dividend date is Friday, February 10th. Read our dividend analysis for LAZ. What ETFs hold Lazard's stock? ETFs with the largest weight of Lazard (NYSE:LAZ) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), iShares Factors US Value Style ETF (STLV), Schwab Ariel ESG ETF (SAEF), SPDR S&P Capital Markets ETF (KCE), Cultivar ETF (CVAR), Invesco KBW High Dividend Yield Financial ETF (KBWD), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) and First Trust DJ Global Select Dividend Index Fund (FGD). 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 6.11%. 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 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LAZ will have a dividend payout ratio of 45.56% 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 institutional and retail investors. Top institutional investors include Ariel Investments LLC (6.83%), Charles Schwab Investment Management Inc. (2.46%), Southeastern Asset Management Inc. TN (2.26%), Epoch Investment Partners Inc. (2.10%), Fisher Asset Management LLC (1.97%) and Geode Capital Management LLC (1.65%). 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 $32.10. How much money does Lazard make? Lazard (NYSE:LAZ) has a market capitalization of $3.62 billion and generates $2.86 billion in revenue each year. The asset manager earns $357.52 million in net income (profit) each year or $3.47 on an earnings per share basis. How many employees does Lazard have? The company employs 3,402 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 3/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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