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NYSE:LAZ

Lazard Stock Forecast, Price & News

$33.13
-0.27 (-0.81%)
(As of 06/29/2022 11:18 AM ET)
Add
Compare
Today's Range
$33.13
$33.50
50-Day Range
$31.06
$36.47
52-Week Range
$30.72
$53.00
Volume
9,261 shs
Average Volume
814,179 shs
Market Capitalization
$3.48 billion
P/E Ratio
6.72
Dividend Yield
5.66%
Price Target
$45.33
30 days | 90 days | 365 days | Advanced Chart

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LAZ Stock Forecast (MarketRank)

Overall MarketRank

2.70 out of 5 stars

Finance Sector

363rd out of 1,394 stocks

Investment Advice Industry

27th out of 64 stocks

Analyst Opinion: 3.1Community Rank: 4.4Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
Lazard logo

About Lazard (NYSE:LAZ)

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. The company was founded in 1848 and is based in Hamilton, Bermuda.

LAZ Stock News Headlines

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Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
G5405010
Employees
3,179
Year Founded
1848

Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 5/20 Dividend
5/06/2022
Dividend Payable
5/20/2022
Today
6/29/2022
Next Earnings (Estimated)
7/29/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$45.33
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+36.8%
Consensus Rating
Hold
Rating Score (0-4)
2.16666666666667
Research Coverage
6 Analysts

Profitability

Net Income
$528.06 million
Pretax Margin
22.64%

Debt

Sales & Book Value

Annual Sales
$3.27 billion
Cash Flow
$7.36 per share
Book Value
$9.52 per share

Miscellaneous

Free Float
N/A
Market Cap
$3.48 billion
Optionable
Optionable
Beta
1.43

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Lazard Frequently Asked Questions

Should I buy or sell Lazard stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Lazard stock. 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 analyst ratings for Lazard
or view top-rated stocks.

What is Lazard's stock price forecast for 2022?

6 Wall Street research analysts have issued twelve-month price objectives for Lazard's shares. Their LAZ stock forecasts range from $39.00 to $56.00. On average, they expect Lazard's share price to reach $45.33 in the next year. This suggests a possible upside of 36.0% from the stock's current price.
View analysts' price targets for Lazard
or view top-rated stocks among Wall Street analysts.

How has Lazard's stock performed in 2022?

Lazard's stock was trading at $43.63 at the beginning of the year. Since then, LAZ stock has decreased by 23.6% and is now trading at $33.33.
View the best growth stocks for 2022 here
.

Are investors shorting Lazard?

Lazard saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,310,000 shares, a decrease of 19.9% from the April 30th total of 4,130,000 shares. Based on an average daily trading volume, of 888,500 shares, the days-to-cover ratio is presently 3.7 days. Approximately 3.1% of the company's shares are short sold.
View Lazard's Short Interest
.

When is Lazard's next earnings date?

Lazard is scheduled to release its next quarterly earnings announcement on Friday, July 29th 2022.
View our earnings forecast for Lazard
.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) announced its earnings results on Thursday, April, 28th. The asset manager reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.18. The asset manager earned $716.14 million during the quarter, compared to analyst estimates of $677.58 million. Lazard had a trailing twelve-month return on equity of 59.55% and a net margin of 16.76%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 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, April 27th. Investors of record on Monday, May 9th will be paid a dividend of $0.47 per share on Friday, May 20th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, May 6th.
View Lazard's dividend history
.

Is Lazard a good dividend stock?

Lazard(NYSE:LAZ) pays an annual dividend of $1.88 per share and currently has a dividend yield of 5.66%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Lazard is 38.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lazard will have a dividend payout ratio of 41.41% next year. This indicates that Lazard will be able to sustain or increase its dividend.
View Lazard's dividend history.

Who are Lazard's key executives?

Lazard's management team includes the following people:
  • Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 63, Pay $4.1M)
  • Mr. Ashish Bhutani, Vice Chairman & MD (Age 61, Pay $5.22M)
  • Mr. Alexander Franz Stern, Pres (Age 56, Pay $2.4M) (LinkedIn Profile)
  • Mr. Evan L. Russo J.D., Chief Financial Officer (Age 47, Pay $2.14M)
  • Mr. Peter R. Orszag, Chief Exec. Officer of Financial Advisory (Age 53, Pay $5.16M)
  • Mr. Dominick J. Ragone III, Chief Accounting Officer (Age 60)
  • Mr. Pierre Tattevin, Managing Director (Age 65)
  • Mr. Paul J. Haigney, Vice Chairman of US Investment Banking & Chairman of Technology
  • Mr. Scott D. Hoffman Esq., Chief Admin. Officer, Gen. Counsel & Sec. (Age 59) (LinkedIn Profile)
  • Ms. Alexandra M. Deignan, Head of Investor Relations

What is Kenneth M. Jacobs' approval rating as Lazard's CEO?

96 employees have rated Lazard CEO Kenneth M. Jacobs on Glassdoor.com. Kenneth M. Jacobs has an approval rating of 98% among Lazard'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 shareholders include Vanguard Group Inc. (0.00%), Ariel Investments LLC (8.15%), Southeastern Asset Management Inc. TN (5.03%), BlackRock Inc. (4.39%), Charles Schwab Investment Management Inc. (2.14%) and Fisher Asset Management LLC (0.00%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone, Scott D Hoffman 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 JPMorgan Chase & Co., Southeastern Asset Management Inc. TN, Invesco Ltd., Jennison Associates LLC, Foundry Partners LLC, Royce & Associates LP, SG Americas Securities LLC, and Ceredex Value Advisors LLC. Company insiders that have sold Lazard company stock in the last two years include Alexander F Stern, Dominick Ragone, and Scott D Hoffman.
View insider buying and selling activity for Lazard
or view top insider-selling stocks.

Which institutional investors are buying Lazard stock?

LAZ stock was bought by a variety of institutional investors in the last quarter, including Ariel Investments LLC, Fisher Asset Management LLC, State Street Corp, LSV Asset Management, Algebris UK Ltd, BlackRock Inc., Russell Investments Group Ltd., and Charles Schwab Investment Management Inc..
View insider buying and selling activity for Lazard
or or view top insider-buying stocks.

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 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 $33.33.

How much money does Lazard make?

Lazard (NYSE:LAZ) has a market capitalization of $3.50 billion and generates $3.27 billion in revenue each year. The asset manager earns $528.06 million in net income (profit) each year or $4.929990 on an earnings per share basis.

How many employees does Lazard have?

Lazard employs 3,179 workers across the globe.

When was Lazard founded?

Lazard was founded in 1848.

How can I contact Lazard?

Lazard's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM II. The official website for Lazard is www.lazard.com. The asset manager can be reached via phone at (212) 632-6000, via email at [email protected], or via fax at 441-292-4720.

This page (NYSE:LAZ) was last updated on 6/29/2022 by MarketBeat.com Staff

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