Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients. The Asset Management business provides investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to corporations, public funds and sovereign entities.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Banking
- Sub-Industry: Investment Banking & Brokerage
- Symbol: NYSE:LAZ
- CUSIP: G5405010
- Web: www.lazard.com
Capitalization:- Market Cap: $5.16 billion
- Outstanding Shares: 129,766,000
Average Prices:- 50 Day Moving Avg: $45.98
- 200 Day Moving Avg: $44.81
- 52 Week Range: $33.48 - $48.86
P/E:- Trailing P/E Ratio: 12.02
- Foreward P/E Ratio: 11.50
- P/E Growth: 1.36
Sales & Book Value:- Annual Revenue: $2.64 billion
- Price / Sales: 2.09
- Book Value: $10.22 per share
- Price / Book: 4.15
Dividend:- Annual Dividend: $1.64
- Dividend Yield: 3.8%
Profitability:- Net Margins: 17.39%
- Return on Equity: 39.33%
- Return on Assets: 11.16%
Debt:- Debt-to-Equity Ratio: 0.91%
- Current Ratio: 1.99%
- Quick Ratio: 1.99%
Misc:- Average Volume: 683,405 shs.
- Beta: 1.84
- Short Ratio: 3.11
Frequently Asked Questions for Lazard (NYSE:LAZ)
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, July 26th. Shareholders of record on Monday, August 7th will be given a dividend of $0.41 per share on Friday, August 18th. This represents a $1.64 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Thursday, August 3rd. View Lazard's Dividend History.
How were Lazard's earnings last quarter?
Lazard Ltd. (NYSE:LAZ) released its quarterly earnings results on Thursday, July, 27th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.80 by $0.18. The company had revenue of $720.16 million for the quarter, compared to analyst estimates of $627.12 million. Lazard had a net margin of 17.39% and a return on equity of 39.33%. The company's revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. View Lazard's Earnings History.
When will Lazard make its next earnings announcement?
Where is Lazard's stock going? Where will Lazard's stock price be in 2017?
7 brokerages have issued 1-year target prices for Lazard's stock. Their predictions range from $41.00 to $51.00. On average, they anticipate Lazard's share price to reach $46.29 in the next year. View Analyst Ratings for Lazard.
Who are some of Lazard's key competitors?
Who are Lazard's key executives?
Lazard's management team includes the folowing people:
- Kenneth M. Jacobs, Chairman of the Board, Chief Executive Officer
- Matthieu Bucaille, Chief Executive Officer - of Lazard International
- Alexander F. Stern, Chief Operating Officer, Chief Executive Officer of Lazard France
- Scott D. Hoffman, Chief Administrative Officer, General Counsel, Secretary
- Armand Sadoughi, Managing Director, Corporate Strategy, IR Contact Officer
- Ashish Bhutani, Vice Chairman of the Board, Managing Director
- Steven J. Heyer, Lead Independent Director
- Andrew M. Alper, Independent Director
- Richard N. Haass, Independent Director
- Michelle Jarrard, Independent Director
Who owns Lazard stock?
Lazard's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.45%), BlackRock Inc. (5.65%), LSV Asset Management (2.64%), Voya Investment Management LLC (1.70%), BT Investment Management Ltd (1.58%) and State Street Corp (1.30%). 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.
Who sold Lazard stock? Who is selling Lazard stock?
Lazard's stock was sold by a variety of institutional investors in the last quarter, including Eaton Vance Management, Franklin Resources Inc., BlackRock Inc., Bank of Montreal Can, Prudential Financial Inc., Royal Bank of Canada, Royce & Associates LP and Honeywell International Inc.. Company insiders that have sold Lazard stock in the last year include Alexander F Stern, Matthieu Bucaille and Scott D Hoffman. View Insider Buying and Selling for Lazard.
Who bought Lazard stock? Who is buying Lazard stock?
Lazard's stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, BT Investment Management Ltd, Vanguard Group Inc., Koch Industries Inc., FMR LLC, Principal Financial Group Inc., Dimensional Fund Advisors LP and AJO LP. View Insider Buying and Selling for Lazard.
How do I buy Lazard stock?
Shares of Lazard can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Lazard's stock price today?
One share of Lazard stock can currently be purchased for approximately $42.42.
MarketBeat Community Rating for Lazard (NYSE LAZ)MarketBeat's community ratings are surveys of what our community members think about Lazard and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Lazard (NYSE:LAZ) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 4 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.57) |
| Consensus Price Target: | $46.29 (9.11% upside) |
Analysts' Ratings History for Lazard (NYSE:LAZ)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 5/9/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Buy | $51.00 | Medium |  |
| 4/21/2017 | Credit Suisse Group | Reiterated Rating | Buy | $50.00 | High | |
| 3/23/2017 | Bank of America Corporation | Upgrade | Underperform -> Neutral | $47.00 | Low | |
| 1/20/2017 | Raymond James Financial, Inc. | Downgrade | Strong-Buy -> Outperform | $45.00 | N/A | |
| 1/6/2017 | Instinet | Downgrade | Buy -> Neutral | $43.00 | N/A | |
| 1/5/2017 | Nomura | Downgrade | Buy -> Neutral | | N/A | |
| 10/27/2016 | Rafferty Capital Markets | Upgrade | Hold -> Buy | $41.00 | N/A | |
| 2/3/2016 | Argus | Reiterated Rating | Buy | $56.00 -> $45.00 | N/A | |
| 2/3/2016 | Susquehanna Bancshares Inc | Reiterated Rating | Buy | $53.00 -> $50.00 | N/A | |
| 2/3/2016 | Oppenheimer Holdings, Inc. | Reiterated Rating | Market Perform | | N/A | |
| 1/13/2016 | JMP Securities | Lower Price Target | | $60.00 -> $58.00 | N/A | |
| 1/12/2016 | Goldman Sachs Group, Inc. (The) | Downgrade | Buy -> Neutral | $56.00 -> $48.00 | N/A | |
| 10/7/2015 | Sandler O'Neill | Upgrade | Hold -> Buy | | N/A | |
(Data available from 8/18/2015 forward)
Earnings History for Lazard (NYSE:LAZ)Earnings History by Quarter for Lazard (NYSE LAZ)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | | | | | | | |
| 7/27/2017 | 6/30/2017 | $0.80 | $0.98 | $627.12 million | $720.16 million | View | N/A | |
| 4/27/2017 | 3/31/2017 | $0.80 | $0.83 | $611.43 million | $624.43 million | View | N/A | |
| 2/2/2017 | Q416 | $0.99 | $1.13 | $679.51 million | $685.00 million | View | Listen | |
| 10/27/2016 | Q316 | $0.76 | $0.85 | $593.03 million | $611.00 million | View | Listen | |
| 7/28/2016 | Q216 | $0.58 | $0.61 | $542.68 million | $542.30 million | View | Listen | |
| 4/21/2016 | Q116 | $0.65 | $0.50 | $573.20 million | $506.00 million | View | Listen | |
| 2/2/2016 | Q415 | $0.88 | $0.92 | $574.92 million | $593.20 million | View | Listen | |
| 10/22/2015 | Q315 | $0.90 | $0.93 | $607.69 million | $594.00 million | View | Listen | |
| 7/23/2015 | Q215 | $0.77 | $0.98 | $586.53 million | $607.00 million | View | Listen | |
| 4/23/2015 | Q115 | $0.71 | $0.77 | $561.07 million | $581.00 million | View | N/A | |
| 2/5/2015 | Q4 | $1.05 | $1.29 | $617.43 million | $645.80 million | View | N/A | |
| 10/23/2014 | Q314 | $0.65 | $0.67 | $555.75 million | $583.00 million | View | Listen | |
| 7/24/2014 | Q214 | $0.55 | $0.64 | $530.30 million | $571.00 million | View | N/A | |
| 5/1/2014 | Q114 | $0.54 | $0.61 | $514.80 million | $540.00 million | View | N/A | |
| 2/5/2014 | Q413 | $0.61 | $0.81 | $558.40 million | $620.00 million | View | Listen | |
| 10/24/2013 | Q313 | $0.37 | $0.46 | $457.79 million | $489.00 million | View | Listen | |
| 7/25/2013 | Q2 2013 | $0.34 | $0.45 | $448.74 million | $511.00 million | View | Listen | |
| 4/26/2013 | Q1 2013 | $0.31 | $0.28 | $455.78 million | $414.00 million | View | Listen | |
| 2/7/2013 | Q4 2012 | $0.33 | $0.61 | $477.20 million | $574.00 million | View | Listen | |
| 10/25/2012 | | $0.22 | $0.26 | | | View | N/A | |
| 7/26/2012 | | $0.29 | $0.25 | | | View | N/A | |
| 4/27/2012 | | $0.23 | $0.33 | | | View | N/A | |
| 2/6/2012 | | $0.38 | $0.01 | | | View | N/A | |
| 10/27/2011 | | $0.43 | $0.39 | | | View | N/A | |
| 7/28/2011 | | $0.52 | $0.48 | | | View | N/A | |
| 4/27/2011 | | $0.43 | $0.43 | | | View | N/A | |
| 2/2/2011 | | $0.63 | $0.76 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Lazard (NYSE:LAZ)Current Year EPS Consensus Estimate: $3.59 EPS
Next Year EPS Consensus Estimate: $3.69 EPS
Current Dividend Information for Lazard (NYSE:LAZ)| Next Dividend: | 8/18/2017 |
| Annual Dividend: | $1.64 |
| Dividend Yield: | 3.87% |
| Dividend Growth: | 25.70% (3 Year Average) |
| Payout Ratio: | 46.46% (Trailing 12 Months of Earnings)
45.68% (Based on This Year's Estimates)
44.44% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Lazard (NYSE LAZ)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 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)
Insider Trading and Institutional Ownership History for Lazard (NYSE:LAZ)Insider Ownership Percentage: 2.50%
Institutional Ownership Percentage: 69.05%
Insider Trades by Quarter for Lazard (NYSE:LAZ)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 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 | |
| 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)
Headline Trends for Lazard (NYSE:LAZ)
Latest Headlines for Lazard (NYSE:LAZ)
| Source: |
|
| Date | Headline |
|---|
 | Lazard Ltd. (LAZ) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - August 18 at 2:42 PM |
 | ETFs with exposure to Lazard Ltd. : August 16, 2017
finance.yahoo.com - August 17 at 1:23 AM |
| Lazard (LAZ) vs. TD Ameritrade Holding Corporation (AMTD) Head-To-Head Review
www.americanbankingnews.com - August 15 at 12:16 PM |
 | Jerry Wiant Joins Lazard as a Managing Director in Financial Institutions Investment Banking - Business Wire (press release)
www.businesswire.com - August 15 at 6:01 AM |
 | Lazard names Jerry Wiant managing director of financial advisory
www.reuters.com - August 15 at 12:59 AM |
| Jerry Wiant Joins Lazard as a Managing Director in Financial Institutions Investment Banking
finance.yahoo.com - August 15 at 12:59 AM |
| Lazard Ltd. (NYSE:LAZ) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - August 13 at 9:02 AM |
| See what the IHS Markit Score report has to say about Lazard Ltd.
finance.yahoo.com - August 12 at 7:24 PM |
| Lazard Ltd. breached its 50 day moving average in a Bearish Manner : LAZ-US : August 3, 2017
finance.yahoo.com - August 3 at 11:49 PM |
| Lazard Ltd. :LAZ-US: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017
finance.yahoo.com - August 3 at 11:49 PM |
 | Lazard (LAZ) Posts Impressive Q2 Earnings, Shares Down - Nasdaq
www.nasdaq.com - July 30 at 12:28 AM |
| Lazard Ltd. Announces Quarterly Dividend of $0.41 (NYSE:LAZ)
www.americanbankingnews.com - July 29 at 11:16 AM |
 | BRIEF-Lazard Q2 adjusted earnings per share $0.98 excluding items
www.businessinsider.com - July 29 at 1:54 AM |
 | Lazard Ltd. 2017 Q2 - Results - Earnings Call Slides
seekingalpha.com - July 29 at 1:54 AM |
| Lazard (LAZ) Posts Impressive Q2 Earnings, Shares Down
finance.yahoo.com - July 29 at 1:54 AM |
| Lazard Ltd. (NYSE:LAZ) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - July 28 at 8:28 PM |
| BREAKINGVIEWS-M&A shops become Wall Street's new black boxes - Nasdaq
www.nasdaq.com - July 28 at 1:56 AM |
| Lazard's quarterly profit jumps 50 percent - Reuters
www.reuters.com - July 28 at 1:56 AM |
| Lazard Ltd Reports Second-Quarter and First-Half 2017 Results - Business Wire (press release)
www.businesswire.com - July 28 at 1:56 AM |
| Investor Network: Lazard Ltd. to Host Earnings Call
finance.yahoo.com - July 28 at 1:56 AM |
| MOVES-Bucaille to step down as Lazard CFO
finance.yahoo.com - July 28 at 1:56 AM |
| Lazard Ltd Reports Second-Quarter and First-Half 2017 Results
finance.yahoo.com - July 28 at 1:56 AM |
| Lazard's quarterly profit jumps 50 percent
finance.yahoo.com - July 28 at 1:56 AM |
| Lazard is having a record-breaking year amid a 'choppy' environment for M&A
finance.yahoo.com - July 28 at 1:56 AM |
| Edited Transcript of LAZ earnings conference call or presentation 27-Jul-17 12:00pm GMT
finance.yahoo.com - July 28 at 1:56 AM |
| Lazard Ltd. (LAZ) Issues Earnings Results
www.americanbankingnews.com - July 27 at 2:18 PM |
| Financial Analysis: PJT Partners (PJT) versus Lazard (NYSE:LAZ)
www.americanbankingnews.com - July 27 at 10:36 AM |
| Energy Capital in advanced talks to buy Calpine: Bloomberg - Reuters
www.reuters.com - July 26 at 9:44 PM |
| Lazard Declares Quarterly Dividend - Business Wire (press release)
www.businesswire.com - July 26 at 9:44 PM |
| Lazard Announces Senior-Level Appointments - Business Wire (press release)
www.businesswire.com - July 26 at 9:44 PM |
| Lazard Declares Quarterly Dividend
finance.yahoo.com - July 26 at 9:43 PM |
| Lazard Announces Senior-Level Appointments
finance.yahoo.com - July 26 at 9:43 PM |
| Lazard Ltd. (LAZ) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - July 24 at 2:28 PM |
| Should Value Investors Pick Lazard (LAZ) Stock Right Now? - Nasdaq
www.nasdaq.com - July 22 at 5:54 AM |
| Should Value Investors Pick Lazard (LAZ) Stock Right Now?
finance.yahoo.com - July 22 at 5:54 AM |
| Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block - sources
www.businessinsider.com - July 20 at 6:25 AM |
| MOVES-Lazard names new chairman of investment banking for Germany
finance.yahoo.com - July 15 at 5:25 AM |
| 5 Market-Beating Dividend Stocks for Steady Growth
finance.yahoo.com - July 15 at 5:17 AM |
| Lazard to Announce First-Half and Second-Quarter 2017 Results - Business Wire (press release)
www.businesswire.com - July 14 at 6:04 AM |
| MOVES-Lazard, Duff & Phelps, Credit Suisse, BTIG - Reuters
www.reuters.com - July 14 at 6:04 AM |
| MOVES-Lazard names new chairman of investment banking for Germany - Reuters
www.reuters.com - July 14 at 6:04 AM |
| Rüdiger Grube to Join Lazard as Chairman, Investment Banking ... - Business Wire (press release)
www.businesswire.com - July 13 at 6:18 AM |
| [$$] Investors take fright from Pearson over latest asset sale
finance.yahoo.com - July 12 at 2:08 AM |
| Moelis & Company (MC) versus Lazard (LAZ) Critical Analysis
www.americanbankingnews.com - July 10 at 8:07 AM |
 | Barclays Is on a Hiring Spree in Japan - Bloomberg - Bloomberg
www.bloomberg.com - July 10 at 12:01 AM |
| 5 Must-Have Dividend Stocks for Small Gains in Second Half - Nasdaq
www.nasdaq.com - July 7 at 6:56 AM |
| Highland Is Buying Lazard's Argentine Fund
finance.yahoo.com - July 6 at 7:11 AM |
| Mozambique Bondholders Lay Down Terms Ahead of Restructuring - Bloomberg
www.bloomberg.com - June 30 at 1:00 AM |
| Lazard Ltd. (LAZ) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - June 27 at 2:56 PM |
 | Sinovac Biotech Ltd. Enters into Definitive Agreement for Going-Private Transaction
www.prnewswire.com - June 26 at 8:07 PM |
Lazard (LAZ) Chart for Friday, August, 18, 2017
