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S&P 500   4,282.37
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MarketBeat Week in Review – 5/29 - 6/2
Instantly Find Hidden Trade Opportunities (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Instantly Find Hidden Trade Opportunities (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Instantly Find Hidden Trade Opportunities (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Instantly Find Hidden Trade Opportunities (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Instantly Find Hidden Trade Opportunities (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Instantly Find Hidden Trade Opportunities (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
NYSE:LAZ

Lazard (LAZ) Stock Forecast, Price & News

$30.78
+1.68 (+5.77%)
(As of 06/2/2023 ET)
Compare
Today's Range
$29.55
$30.91
50-Day Range
$28.15
$35.25
52-Week Range
$27.71
$43.44
Volume
941,566 shs
Average Volume
676,408 shs
Market Capitalization
$3.47 billion
P/E Ratio
14.32
Dividend Yield
6.50%
Price Target
$39.80

Lazard MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
29.3% Upside
$39.80 Price Target
Short Interest
Bearish
3.92% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.46mentions of Lazard in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
333.33%
From $0.90 to $3.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Finance Sector

226th out of 873 stocks

Investment Advice Industry

12th out of 50 stocks


LAZ stock logo

About Lazard (NYSE:LAZ) Stock

Lazard Ltd. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.

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LAZ Stock News Headlines

“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
Lazard's Orszag: Debt Limit Not Constructive for US
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Lazard Names Peter Orszag CEO, Kenneth Jacobs Exe. Chairman
Lazard appoints Peter Orszag as chief executive
See More Headlines

LAZ Price History

LAZ Company Calendar

Last Earnings
4/28/2023
Ex-Dividend for 5/19 Dividend
5/05/2023
Dividend Payable
5/19/2023
Today
6/03/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
G5405010
Employees
3,402
Year Founded
1848

Price Target and Rating

Average Stock Price Forecast
$39.80
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+29.3%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$357.52 million
Pretax Margin
11.85%

Debt

Sales & Book Value

Annual Sales
$2.86 billion
Cash Flow
$7.81 per share
Book Value
$4.51 per share

Miscellaneous

Free Float
108,413,000
Market Cap
$3.47 billion
Optionable
Optionable
Beta
1.39

Social Links


Key Executives

  • Kenneth Marc Jacobs
    Chairman & Chief Executive Officer
  • Raymond J. McGuire
    President
  • Mary Ann Betsch
    Chief Financial Officer
  • Scott D. HoffmanScott D. Hoffman
    Secretary & Chief Administrative Officer
  • Jason R. Bernhard
    Vice Chairman-Investment Banking













LAZ Stock - Frequently Asked Questions

Should I buy or sell Lazard stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 2 hold ratings 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.

What is Lazard's stock price forecast for 2023?

5 brokerages have issued 1 year price objectives for Lazard's stock. Their LAZ share price forecasts range from $30.00 to $53.00. On average, they expect the company's share price to reach $39.80 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price.
View analysts price targets for LAZ
or view top-rated stocks among Wall Street analysts.

How have LAZ shares performed in 2023?

Lazard's stock was trading at $34.67 at the start of the year. Since then, LAZ stock has decreased by 11.2% and is now trading at $30.78.
View the best growth stocks for 2023 here
.

Are investors shorting Lazard?

Lazard saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,710,000 shares, an increase of 6.3% from the April 15th total of 2,550,000 shares. Based on an average daily volume of 745,700 shares, the days-to-cover ratio is currently 3.6 days. Approximately 2.5% of the shares of the stock are short sold.
View Lazard's Short Interest
.

When is Lazard's next earnings date?

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

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) posted its quarterly earnings data on Friday, April, 28th. The asset manager reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $0.30 by $0.56. The asset manager earned $561.20 million during the quarter, compared to analysts' expectations of $549.62 million. Lazard had a net margin of 8.20% and a trailing twelve-month return on equity of 36.72%. The firm's revenue was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share.

How often does Lazard pay dividends? What is the dividend yield for Lazard?

Lazard announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Monday, May 8th will be given a dividend of $0.50 per share on Friday, May 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Friday, May 5th.
Read our dividend analysis for LAZ
.

Is Lazard a good dividend stock?

Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 6.87%. 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 93.02%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LAZ will have a dividend payout ratio of 51.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LAZ.

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

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.

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 retail and institutional investors. Top institutional shareholders include FMR LLC (8.22%), BlackRock Inc. (4.28%), Charles Schwab Investment Management Inc. (2.34%), Southeastern Asset Management Inc. TN (2.02%), Epoch Investment Partners Inc. (1.99%) and Fisher Asset Management LLC (1.91%). Insiders that own company stock include Alexander F Stern, Dominick Ragone, Scott D Hoffman and Scott D Hoffman.
View institutional ownership trends
.

How do I buy shares of Lazard?

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.
Compare Top Brokerages Here.

What is Lazard's stock price today?

One share of LAZ stock can currently be purchased for approximately $30.78.

How much money does Lazard make?

Lazard (NYSE:LAZ) has a market capitalization of $3.47 billion and generates $2.86 billion in revenue each year. The asset manager earns $357.52 million in net income (profit) each year or $2.15 on an earnings per share basis.

How many employees does Lazard have?

The company employs 3,402 workers across the globe.

How can I contact Lazard?

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.

This page (NYSE:LAZ) was last updated on 6/4/2023 by MarketBeat.com Staff

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