NYSE:LAZ Lazard Stock Forecast, Price & News Adding Choose a 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. Log In and Add $31.85 -0.87 (-2.66 %) (As of 09/23/2020 12:00 AM ET) Add Compare Share Today's Range$31.85Now: $31.85▼$33.0550-Day Range$30.50MA: $32.09▼$34.6052-Week Range$20.94Now: $31.85▼$44.95Volume413,344 shsAverage Volume769,540 shsMarket Capitalization$3.35 billionP/E Ratio13.91Dividend Yield5.75%Beta1.76 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 0.9 Analyst's Opinion Consensus RatingLazard has received a consensus rating of Hold. The company's average rating score is 1.89, and is based on 2 buy ratings, 4 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $35.00, Lazard has a forecasted upside of 9.9% from its current price of $31.85.Amount of Analyst CoverageLazard has only been the subject of 2 research reports in the past 90 days. Previous Next 2.5 Community Rank Outperform VotesLazard has received 593 “outperform” votes. (Add your “outperform” vote.)Underperform VotesLazard has received 584 “underperform” votes. (Add your “underperform” vote.)Community SentimentLazard has received 50.38% “outperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend LeadershipLazard is a leading dividend payer. It pays a dividend yield of 5.75%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthLazard has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Lazard is 57.32%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Lazard will have a dividend payout ratio of 56.46% next year. This indicates that Lazard will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Lazard insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,209,552.00 in company stock.Percentage Held by InsidersOnly 3.60% of the stock of Lazard is held by insiders.Percentage Held by Institutions75.27% 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 56.34% in the coming year, from $2.13 to $3.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Lazard is 13.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.04.Price to Earnings Ratio vs. SectorThe P/E ratio of Lazard is 13.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.65.Price to Book Value per Share RatioLazard has a P/B Ratio of 4.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.9Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.35 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Investment advice Sub-IndustryInvestment Banking & Brokerage SectorFinance Current SymbolNYSE:LAZ Previous Symbol CUSIPG5405010 CIK1311370 Webwww.lazard.com Phone441-295-1422Debt Debt-to-Equity Ratio2.46 Current Ratio2.05 Quick Ratio2.05Price-To-Earnings Trailing P/E Ratio13.91 Forward P/E Ratio14.95 P/E GrowthN/A Sales & Book Value Annual Sales$2.67 billion Price / Sales1.25 Cash Flow$7.24 per share Price / Cash Flow4.40 Book Value$6.49 per share Price / Book4.91Profitability EPS (Most Recent Fiscal Year)$3.28 Net Income$286.50 million Net Margins10.43% Return on Equity51.35% Return on Assets6.21%Miscellaneous Employees3,018 Outstanding Shares105,031,000Market Cap$3.35 billion Next Earnings Date10/29/2020 (Estimated) OptionableOptionable $31.85 -0.87 (-2.66 %) (As of 09/23/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive LAZ News and Ratings via Email Sign-up to receive the latest news and ratings for LAZ and its competitors with MarketBeat's FREE daily newsletter. Lazard (NYSE:LAZ) Frequently Asked Questions How has Lazard's stock price been impacted by Coronavirus (COVID-19)? Lazard's stock was trading at $29.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LAZ stock has increased by 7.5% and is now trading at $31.85. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Lazard? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Lazard. When is Lazard's next earnings date? Lazard is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020. View our earnings forecast for Lazard. How were Lazard's earnings last quarter? Lazard Ltd (NYSE:LAZ) announced its quarterly earnings results on Friday, July, 31st. The asset manager reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.31. The asset manager had revenue of $572.30 million for the quarter, compared to analyst estimates of $513.36 million. Lazard had a return on equity of 51.35% and a net margin of 10.43%. Lazard's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 earnings per share. View Lazard's earnings history. How often does Lazard pay dividends? What is the dividend yield for Lazard? Lazard announced a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 10th will be given a dividend of $0.47 per share on Friday, August 21st. This represents a $1.88 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date is Friday, August 7th. View Lazard's dividend history. What price target have analysts set for LAZ? 9 equities research analysts have issued 1 year price objectives for Lazard's shares. Their forecasts range from $24.00 to $48.00. On average, they expect Lazard's stock price to reach $35.00 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price. View analysts' price targets for Lazard. Are investors shorting Lazard? Lazard saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,910,000 shares, an increase of 17.3% from the August 15th total of 2,480,000 shares. Based on an average daily trading volume, of 602,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 2.7% of the shares of the company are short sold. View Lazard's Short Interest. Who are some of Lazard's key competitors? Some companies that are related to Lazard include Morgan Stanley (MS), Goldman Sachs Group (GS), Charles Schwab (SCHW), TD Ameritrade (AMTD), E*TRADE Financial (ETFC), Raymond James (RJF), LPL Financial (LPLA), Stifel Financial (SF), Evercore (EVR), Piper Jaffray Companies (PJC), BGC Partners (BGCP), Cowen (COWN), Oppenheimer (OPY), Greenhill & Co., Inc. (GHL) and FBR & Co (FBRC). View all competitors. 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), Micron Technology (MU), Walt Disney (DIS), Enterprise Products Partners (EPD), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ) and QUALCOMM (QCOM). Who are Lazard's key executives? Lazard's management team includes the following people: Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 61)Mr. Ashish Bhutani, Vice Chairman & MD (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, Gen. Counsel & Sec. (Age 56) 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.34%), FMR LLC (8.97%), LSV Asset Management (2.27%), Epoch Investment Partners Inc. (2.19%), Fisher Asset Management LLC (1.41%) and Charles Schwab Investment Management Inc. (1.32%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone 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 Vanguard Group Inc., LSV Asset Management, Strs Ohio, Ensign Peak Advisors Inc, Bank of Montreal Can, Russell Investments Group Ltd., Jennison Associates LLC, and Robeco Institutional Asset Management B.V.. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern, Dominick Ragone, and Scott D Hoffman. View insider buying and selling activity for Lazard. Which institutional investors are buying Lazard stock? LAZ stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Charles Schwab Investment Management Inc., Fisher Asset Management LLC, Blue Harbour Group L.P., Goldman Sachs Group Inc., HighTower Advisors LLC, Private Capital Advisors Inc., and Federated Hermes Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Lazard's stock price today? One share of LAZ stock can currently be purchased for approximately $31.85. How big of a company is Lazard? Lazard has a market capitalization of $3.35 billion and generates $2.67 billion in revenue each year. The asset manager earns $286.50 million in net income (profit) each year or $3.28 on an earnings per share basis. Lazard employs 3,018 workers across the globe. What is Lazard's official website? The official website for Lazard is www.lazard.com. 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] This page was last updated on 9/24/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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 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. 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