Lazard - LAZ Stock Forecast, Price & News

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

6 equities research analysts have issued 12 month price targets for Lazard's shares. Their LAZ share price forecasts range from $29.00 to $53.00. On average, they expect the company's share price to reach $38.50 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
View analysts price targets for LAZ or view top-rated stocks among Wall Street analysts.

Lazard's stock was trading at $34.67 at the beginning of 2023. Since then, LAZ stock has decreased by 6.2% and is now trading at $32.52.
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Lazard saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 2,610,000 shares, an increase of 23.1% from the February 28th total of 2,120,000 shares. Based on an average trading volume of 739,400 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.4% of the company's shares are short sold.
View Lazard's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our LAZ earnings forecast.

Lazard Ltd (NYSE:LAZ) issued its quarterly earnings data on Thursday, February, 2nd. The asset manager reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.03. The asset manager earned $731.86 million during the quarter, compared to analysts' expectations of $655.09 million. Lazard had a net margin of 12.52% and a trailing twelve-month return on equity of 48.82%. The business's quarterly revenue was down 27.7% on a year-over-year basis. During the same quarter last year, the company earned $1.92 EPS.

Lazard declared a quarterly dividend on Wednesday, February 1st. Investors of record on Monday, February 13th will be given a dividend of $0.50 per share on Friday, February 24th. This represents a $2.00 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend is Friday, February 10th.
Read our dividend analysis for LAZ.

ETFs with the largest weight of Lazard (NYSE:LAZ) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), iShares Factors US Value Style ETF (STLV), Schwab Ariel ESG ETF (SAEF), SPDR S&P Capital Markets ETF (KCE), Cultivar ETF (CVAR), Invesco KBW High Dividend Yield Financial ETF (KBWD), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) and First Trust DJ Global Select Dividend Index Fund (FGD).

Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 6.19%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LAZ will have a dividend payout ratio of 45.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LAZ.

96 employees have rated Lazard Chief Executive Officer Kenneth M. Jacobs on Glassdoor.com. Kenneth M. Jacobs has an approval rating of 98% among the company's employees. This puts Kenneth M. Jacobs in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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

Lazard's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ariel Investments LLC (6.83%), Charles Schwab Investment Management Inc. (2.46%), Southeastern Asset Management Inc. TN (2.26%), Epoch Investment Partners Inc. (2.10%), Fisher Asset Management LLC (1.97%) and Geode Capital Management LLC (1.65%). Insiders that own company stock include Alexander F Stern, Dominick Ragone, Scott D Hoffman and Scott D Hoffman.
View institutional ownership trends.

Shares of LAZ stock 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.
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One share of LAZ stock can currently be purchased for approximately $32.52.

Lazard (NYSE:LAZ) has a market capitalization of $3.67 billion and generates $2.86 billion in revenue each year. The asset manager earns $357.52 million in net income (profit) each year or $3.47 on an earnings per share basis.

The company employs 3,402 workers across the globe.

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