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.
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 Ratio14.28
Forward P/E Ratio12.07
P/E Growth1.21
Sales & Book Value
Annual Sales$2.70 billion
Price / Sales2.60
Cash Flow$6.9447 per share
Price / Cash7.77
Book Value$9.70 per share
Price / Book5.56
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 announced a quarterly dividend on Wednesday, April 25th. Shareholders 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 yield of 3.26%. The ex-dividend date is Friday, May 4th. This is a positive change 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 has authorized a share buyback plan on Thursday, October 26th 2017, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.
How were Lazard's earnings last quarter?
Lazard Ltd (NYSE:LAZ) issued its quarterly earnings data on Thursday, April, 26th. The asset manager reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.22. The asset manager had revenue of $724 million for 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 quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. View Lazard's Earnings History.
When is Lazard's next earnings date?
What price target have analysts set for LAZ?
8 brokers have issued 1 year target prices for Lazard's shares. Their forecasts range from $40.00 to $67.00. On average, they anticipate Lazard's share price to reach $60.2857 in the next year. View Analyst Ratings for Lazard.
Who are some of Lazard's key competitors?
Some companies that are related to Lazard include Blackstone Group (BX), Leg & Gen Grp P/S (LGGNY), Ameriprise Financial (AMP), Franklin Resources (BEN), KKR & Co. L.P. Unit (KKR), Invesco (IVZ), Affiliated Managers Group (AMG), Eaton Vance (EV), Oaktree Capital Group (OAK), Apollo Global Management LLC Class A (APO), Janus Henderson Group (JHG), Morningstar (MORN), Evercore (EVR), MAN Grp PLC/ADR (MNGPY) and Moelis & Co (MC).
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 articles about LAZ stock have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lazard earned a media sentiment score of 0.20 on Accern's scale. They also gave news headlines about the asset manager an impact score of 45.05 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Lazard's major shareholders?
Lazard's stock is owned by many different of retail and institutional investors. Top institutional investors 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 purchased 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 $53.96.
How big of a company is Lazard?
Lazard has a market capitalization of $7.00 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)
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.
