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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 Ratio14.36
Forward P/E Ratio12.48
P/E Growth1.39
Sales & Book Value
Annual Sales$2.70 billion
Price / Sales2.61
Cash Flow$6.9412 per share
Price / Cash7.82
Book Value$8.14 per share
Price / Book6.67
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 declared a quarterly dividend on Wednesday, April 25th. Investors 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 3.24%. The ex-dividend date is Friday, May 4th. This is an increase 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 of Directors has authorized a stock repurchase program on Thursday, October 26th 2017, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.
How were Lazard's earnings last quarter?
Lazard Ltd (NYSE:LAZ) announced its quarterly earnings data on Thursday, April, 26th. The asset manager reported $1.26 EPS for the quarter, topping the Thomson Reuters' 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 10.81% and a return on equity of 44.63%. The company's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. View Lazard's Earnings History.
When is Lazard's next earnings date?
What price target have analysts set for LAZ?
8 brokerages have issued 12-month price targets for Lazard's shares. Their forecasts range from $40.00 to $67.00. On average, they anticipate Lazard's stock price to reach $60.2857 in the next twelve months. View Analyst Ratings for Lazard.
Who are some of Lazard's key competitors?
Some companies that are related to Lazard include Leg & Gen Grp P/S (LGGNY), Blackstone Group (BX), Ameriprise Financial (AMP), Franklin Templeton Investments (BEN), Invesco (IVZ), KKR & Co. L.P. Unit (KKR), Affiliated Managers Group (AMG), Eaton Vance (EV), Henderson Group (JHG), Apollo Global Management (APO), Oaktree Capital Management (OAK), Morningstar (MORN), Evercore Partners (EVR), Man Group (MNGPY) and Noah (NOAH).
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?
Media coverage about LAZ stock has trended somewhat negative on Sunday, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lazard earned a media sentiment score of -0.19 on Accern's scale. They also gave headlines about the asset manager an impact score of 41.11 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Lazard's major shareholders?
Lazard's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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 major 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, Matthieu Bucaille and Scott D Hoffman. View Insider Buying and Selling for Lazard.
Which major 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 $54.28.
How big of a company is Lazard?
Lazard has a market capitalization of $7.04 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.
Lazard (NYSE:LAZ) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Lazard in the last 12 months. Their average twelve-month price target is $60.2857, suggesting that the stock has a possible upside of 11.06%. The high price target for LAZ is $67.00 and the low price target for LAZ is $40.00. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.88 | 2.88 | 2.78 | 2.63 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $60.2857 | $60.2857 | $59.75 | $48.00 |
| Price Target Upside: | 11.06% upside | 12.47% upside | 2.49% upside | 2.15% upside |
Lazard (NYSE:LAZ) Consensus Price Target History
Lazard (NYSE:LAZ) Analyst Ratings History
Show:
(Data available from 5/27/2016 forward)
Lazard (NYSE:LAZ) Dividend Information
Lazard pays an annual dividend of $1.76 per share, with a dividend yield of 3.24%. LAZ's most recent quarterly dividend payment was Friday, May 18. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 10.30% each year. Lazard pays out 46.56% of its earnings out as a dividend.
| Most Recent Dividend: | 5/18/2018 |
| Annual Dividend: | $1.76 |
| Dividend Yield: | 3.24% |
| Dividend Growth: | 10.30% (3 Year Average) |
| Payout Ratio(s): | 46.56% (Trailing 12 Months of Earnings)
40.46% (Based on This Year's Estimates)
38.51% (Based on Next Year's Estimates)
25.36% (Based on Cash Flow)
|
| Track Record: | 7 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Lazard (NYSE:LAZ) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/25/2018 | Quarterly | $0.44 | 3.28% | 5/4/2018 | 5/7/2018 | 5/18/2018 |
| 1/18/2018 | Quarterly | $0.1160 | 0.88% | 2/9/2018 | 2/12/2018 | 2/23/2018 |
| 10/25/2017 | Quarterly | $0.41 | 3.47% | 11/3/2017 | 11/6/2017 | 11/17/2017 |
| 7/26/2017 | Quarterly | $0.41 | 3.55% | 8/3/2017 | 8/7/2017 | 8/18/2017 |
| 4/26/2017 | Quarterly | $0.41 | 3.8% | 5/4/2017 | 5/8/2017 | 5/19/2017 |
| 2/1/2017 | quarterly | $0.38 | 11.04% | 2/9/2017 | 2/13/2017 | 2/24/2017 |
| 10/26/2016 | Quarterly | $0.38 | 4.1% | 11/3/2016 | 11/7/2016 | 11/18/2016 |
| 7/27/2016 | Quarterly | $0.38 | | 8/4/2016 | 8/8/2016 | 8/19/2016 |
| 4/21/2016 | quarterly | $0.38 | 4.07% | 4/29/2016 | 5/3/2016 | 5/13/2016 |
| 2/1/2016 | special | $0.35 | 4.21% | 2/9/2016 | 2/11/2016 | 2/26/2016 |
| 10/22/2015 | quarterly | $0.35 | 2.94% | 10/29/2015 | 11/2/2015 | 11/13/2015 |
| 7/23/2015 | quarterly | $0.35 | 2.47% | 7/30/2015 | 8/3/2015 | 8/14/2015 |
| 4/23/2015 | quarterly | $0.35 | 2.49% | 4/30/2015 | 5/4/2015 | 5/15/2015 |
| 2/4/2015 | special | $0.30 | 2.36% | 2/11/2015 | 2/13/2015 | 2/19/2015 |
| 10/22/2014 | quarterly | $0.30 | 2.45% | 10/30/2014 | 11/3/2014 | 11/14/2014 |
| 7/23/2014 | quarterly | $0.30 | 2.29% | 7/31/2014 | 8/4/2014 | 8/15/2014 |
| 4/30/2014 | quarterly | $0.30 | 2.45% | 5/8/2014 | 5/12/2014 | 5/23/2014 |
| 1/29/2014 | quarterly | $0.30 | 2.81% | 2/6/2014 | 2/10/2014 | 2/21/2014 |
| 12/10/2013 | special | $0.25 | 2.33% | 12/18/2013 | 12/20/2013 | 12/27/2013 |
| 12/12/2012 | quarterly | $0.20 | | 12/19/2012 | 12/21/2012 | 12/27/2012 |
| 12/11/2012 | special | $0.20 | | 12/19/2012 | 12/21/2012 | 12/27/2012 |
(Data available from 1/1/2013 forward)
Lazard (NYSE LAZ) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.76%
Institutional Ownership Percentage: 71.97%
Lazard (NYSE LAZ) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/5/2018 | Alexander F Stern | COO | Sell | 65,160 | $53.12 | $3,461,299.20 | 276,886 |  |
| 3/2/2018 | Alexander F Stern | COO | Sell | 15,160 | $53.47 | $810,605.20 | 276,886 | |
| 3/2/2018 | Scott D Hoffman | CAO | Sell | 15,000 | $52.13 | $781,950.00 | 147,341 | |
| 5/30/2017 | Matthieu Bucaille | CFO | Sell | 90,000 | $44.81 | $4,032,900.00 | | |
| 5/16/2017 | Scott D. Hoffman | General Counsel | Sell | 35,000 | $45.13 | $1,579,550.00 | | |
| 5/11/2017 | Alexander F. Stern | COO | Sell | 65,000 | $44.75 | $2,908,750.00 | | |
| 3/2/2017 | Scott D Hoffman | General Counsel | Sell | 20,000 | $43.16 | $863,200.00 | 129,031 | |
| 8/9/2016 | Scott D. Hoffman | General Counsel | Sell | 42,000 | $34.92 | $1,466,640.00 | | |
| 8/2/2016 | Jane L. Mendillo | Director | Buy | 1,400 | $35.22 | $49,308.00 | | |
| 3/3/2015 | Alexander F Stern | COO | Sell | 63,000 | $50.80 | $3,200,400.00 | | |
| 2/20/2014 | Alexander F Stern | COO | Sell | 44,312 | $44.56 | $1,974,542.72 | | |
| 2/19/2014 | Ashish Bhutani | CEO | Sell | 145,947 | $45.15 | $6,589,507.05 | | |
| 2/12/2014 | Alexander F Stern | COO | Sell | 61,877 | $42.87 | $2,652,666.99 | | |
| 3/12/2013 | Alexander F Stern | COO | Sell | 60,000 | $36.56 | $2,193,600.00 | | |
(Data available from 1/1/2013 forward)
Lazard (NYSE LAZ) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Form 4 Lazard Ltd For: May 18 Filed by: RAGONE DOMINICK
www.streetinsider.com - May 23 at 8:14 AM |
 | Lazard Ltd (LAZ) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - May 20 at 11:17 AM |
| Form 4 Lazard Ltd For: May 15 Filed by: JACOBS KENNETH M
www.streetinsider.com - May 18 at 8:26 AM |
 | Opinion: Who'd be foolish enough to buy Argentina's 100-year bonds? The biggest fund companies out there
www.marketwatch.com - May 16 at 5:51 PM |
 | Is Lazard Global List Infrastructure Open (GLFOX) a Strong Mutual Fund Pick Right Now?
www.zacks.com - May 16 at 8:12 AM |
 | Bridgehouse Asset Managers Announces Fee Reductions and Certain Other Changes to Its Mutual Fund Lineup
globenewswire.com - May 15 at 8:19 AM |
| Head-To-Head Survey: Lazard (LAZ) versus Silvercrest Asset Management Group (SAMG)
www.americanbankingnews.com - May 12 at 11:13 PM |
 | Lazard's Donald Reveals Misunderstood Situation in EM
www.bloomberg.com - May 9 at 5:40 PM |
 | Lazard World Dividend & Income Fund, Inc. (LOR) Ex-Dividend Date Scheduled for May 10, 2018
www.nasdaq.com - May 9 at 5:40 PM |
 | Lazard's James Donald Says Current EM Period Is Being Dominated by Dollar Weakness
finance.yahoo.com - May 9 at 8:12 AM |
| Lazard's Raine Says Health-Care M&A Has Been Heating Up
www.bloomberg.com - May 2 at 8:16 AM |
| Form 497K LAZARD FUNDS INC
www.streetinsider.com - April 30 at 5:18 PM |
| Is Buying Lazard Ltd (NYSE:LAZ) For Its Upcoming $0.44 Dividend A Good Choice?
finance.yahoo.com - April 30 at 5:18 PM |
 | MOVES-Markel, Lazard, Capital Generation
www.reuters.com - April 30 at 8:16 AM |
| Lazard's Raine Says Health-Care M&A Has Been Heating Up
finance.yahoo.com - April 30 at 8:15 AM |
| Lazard (LAZ) Declares Dividend Increase - $0.44 Per Share
www.americanbankingnews.com - April 29 at 8:53 AM |
| Lazard (LAZ) Upgraded to "B" by TheStreet
www.americanbankingnews.com - April 28 at 9:14 AM |
| Lazard (LAZ) Raised to "Strong-Buy" at ValuEngine
www.americanbankingnews.com - April 27 at 10:20 PM |
| Edited Transcript of LAZ earnings conference call or presentation 26-Apr-18 12:00pm GMT
finance.yahoo.com - April 27 at 5:19 PM |
| Lazard (LAZ) Q1 Earnings Beat on Higher Revenues, Costs Rise
finance.yahoo.com - April 27 at 5:19 PM |
| Lazard (LAZ) Given New $66.00 Price Target at JMP Securities
www.americanbankingnews.com - April 27 at 11:21 AM |
| BRIEF-Lazard Ltd Reports Q1 GAAP Earnings Per Share $1.21
www.reuters.com - April 26 at 5:21 PM |
| M&A advisory, asset management fuel Lazard's profit beat
www.reuters.com - April 26 at 5:21 PM |
| Lazard (LAZ) Releases Quarterly Earnings Results, Beats Expectations By $0.22 EPS
www.americanbankingnews.com - April 26 at 5:16 PM |
| M&A advisory, asset management drive Lazard's profit beat
www.reuters.com - April 26 at 8:12 AM |
| UPDATE 1-Lazard profit beats on growth across businesses
www.reuters.com - April 26 at 8:12 AM |
| Mozambique State Gas Company Hires Lazard to Raise $2 Billion
www.bloomberg.com - April 26 at 8:12 AM |
| Lazard quarterly profit jumps 48.5 pct
finance.yahoo.com - April 26 at 8:12 AM |
| Lazard Ltd Reports First-Quarter 2018 Results
finance.yahoo.com - April 26 at 8:12 AM |
| Lazard profit beats on growth across businesses
finance.yahoo.com - April 26 at 8:12 AM |
| Lazard (LAZ) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - April 25 at 1:54 PM |
| Congo Republic debt restructuring will not affect bondholders - PM
finance.yahoo.com - April 19 at 8:10 AM |
| Lazard (LAZ) to Release Earnings on Thursday
www.americanbankingnews.com - April 19 at 1:56 AM |
| Lazard (LAZ) Short Interest Down 36.2% in March
www.americanbankingnews.com - April 19 at 1:46 AM |
| Lazard Says Emerging Activists Are Stepping Up Attacks
finance.yahoo.com - April 17 at 6:02 PM |
 | Video: 2018 Activism Continuing To Be Shaped By 2017
www.forbes.com - April 17 at 8:22 AM |
| Lazard (LAZ) Upgraded by Bank of America to Buy
www.americanbankingnews.com - April 17 at 7:39 AM |
 | This Morning's Technical Outlook on Asset Management Stocks -- Federated Investors, Lazard, Moelis, and New ...
www.prnewswire.com - April 16 at 8:10 AM |
| Lazard (LAZ) Expected to Post Earnings of $1.06 Per Share
www.americanbankingnews.com - April 15 at 7:12 PM |
| ValuEngine Upgrades Lazard (LAZ) to Strong-Buy
www.americanbankingnews.com - April 15 at 10:59 AM |
| Lazard (LAZ) Upgraded by BidaskClub to Strong-Buy
www.americanbankingnews.com - April 14 at 10:19 PM |
| Lazard (LAZ) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - April 13 at 11:13 AM |
| Lazard to Announce First-Quarter 2018 Results
finance.yahoo.com - April 11 at 8:23 AM |
| Peter Q. Thompson Joins Lazard Midwest Advisory Team
finance.yahoo.com - April 11 at 8:23 AM |
| Lazard (LAZ) Rating Lowered to Buy at ValuEngine
www.americanbankingnews.com - April 8 at 9:37 AM |
| Form 497 LAZARD FUNDS INC
www.streetinsider.com - April 5 at 5:22 PM |
| Stock Traders Buy High Volume of Put Options on Lazard (LAZ)
www.americanbankingnews.com - April 5 at 6:30 AM |
| Should You Be Tempted To Sell Lazard Ltd (NYSE:LAZ) At Its Current PE Ratio?
finance.yahoo.com - April 4 at 8:14 AM |
| Zacks Investment Research Downgrades Lazard (LAZ) to Hold
www.americanbankingnews.com - April 3 at 2:26 PM |
| Lazard (LAZ) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - March 31 at 11:16 AM |
Lazard (NYSE:LAZ) SEC Filings
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Lazard (NYSE:LAZ) Income Statement, Balance Sheet and Cash Flow Statement
Lazard (NYSE LAZ) Stock Chart for Sunday, May, 27, 2018
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