NYSE:LAZ - Lazard Stock Price, Price Target & More

Lazard trades on the New York Stock Exchange (NYSE) under the ticker symbol "LAZ."

Lazard announced a quarterly dividend on Wednesday, April 25th. Stockholders of record on Monday, May 7th will be given a dividend of $0.44 per share on Friday, May 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.45%. 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.

Lazard announced that its Board of Directors has approved a share repurchase program on Thursday, October 26th 2017, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Lazard Ltd (NYSE:LAZ) released its quarterly earnings data on Thursday, April, 26th. The asset manager reported $1.26 EPS for the quarter, topping the Zacks' consensus estimate of $1.04 by $0.22. The asset manager earned $724 million during the quarter, compared to analysts' expectations of $652.99 million. Lazard had a return on equity of 44.63% and a net margin of 10.81%. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. View Lazard's Earnings History.

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Lazard.

8 analysts have issued 1 year price objectives for Lazard's stock. 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. This suggests a possible upside of 18.2% from the stock's current price. View Analyst Ratings for Lazard.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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), Apollo Global Management LLC Class A (APO), Oaktree Capital Group (OAK), Eaton Vance (EV), Janus Henderson Group (JHG), Morningstar (MORN), Evercore (EVR), MAN Grp PLC/ADR (MNGPY) and Houlihan Lokey (HLI).

Headlines about LAZ stock have been trending somewhat negative on Wednesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lazard earned a coverage optimism score of -0.02 on Accern's scale. They also gave news stories about the asset manager an impact score of 45.24 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Lazard's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.11%), Bank of Montreal Can (0.33%), NN Investment Partners Holdings N.V. (0.07%), Summit Financial Wealth Advisors LLC (0.05%), Columbia Partners L L C Investment Management (0.03%) and State of Alaska Department of Revenue (0.02%). 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.

LAZ stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Clinton Group Inc. and NN Investment Partners Holdings N.V.. 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.

LAZ stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Gofen & Glossberg LLC IL, Summit Financial Wealth Advisors LLC, Osborn Williams & Donohoe LLC, Polianta Ltd, Capital One National Association, Columbia Partners L L C Investment Management and Denali Advisors LLC. View Insider Buying and Selling for 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.

One share of LAZ stock can currently be purchased for approximately $51.00.

Lazard has a market capitalization of $6.55 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.

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]