NYSE:LAZ - Lazard Stock Price, News, & Analysis

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

Lazard declared a quarterly dividend on Wednesday, July 25th. Shareholders of record on Monday, August 6th will be paid a dividend of $0.44 per share on Friday, August 17th. This represents a $1.76 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Friday, August 3rd. View Lazard's Dividend History.

Lazard declared that its board has approved a stock buyback plan on Thursday, October 26th 2017, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Lazard Ltd (NYSE:LAZ) announced its quarterly earnings data on Thursday, July, 26th. The asset manager reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.18. The asset manager earned $741 million during the quarter, compared to the consensus estimate of $663.44 million. Lazard had a return on equity of 47.49% and a net margin of 11.58%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. View Lazard's Earnings History.

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for Lazard.

8 brokers have issued 1-year target prices for Lazard's stock. Their predictions range from $40.00 to $67.00. On average, they anticipate Lazard's share price to reach $60.2857 in the next twelve months. This suggests a possible upside of 23.1% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Lazard.

Lazard saw a increase in short interest in July. As of July 31st, there was short interest totalling 2,044,276 shares, an increase of 59.2% from the July 13th total of 1,283,720 shares. Based on an average daily volume of 546,801 shares, the short-interest ratio is presently 3.7 days. Approximately 1.6% of the shares of the stock are short sold. View Lazard's Current Options Chain.

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 Inc Class A (KKR), Invesco (IVZ), Affiliated Managers Group (AMG), Apollo Global Management LLC Class A (APO), Oaktree Capital Group (OAK), Eaton Vance (EV), Morningstar (MORN), Janus Henderson Group (JHG), Evercore (EVR), MAN Grp PLC/ADR (MNGPY) and Moelis & Co (MC).

Media coverage about LAZ stock has trended somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lazard earned a daily sentiment score of 0.22 on Accern's scale. They also gave media stories about the asset manager an impact score of 49.31 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for Lazard.

Lazard's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.69%), Ariel Investments LLC (3.42%), LSV Asset Management (3.14%), FMR LLC (2.35%), Voya Investment Management LLC (1.87%) and Morgan Stanley (1.84%). Company insiders that own Lazard stock include Alexander F Stern, 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 Systematic Financial Management LP, Voya Investment Management LLC, Russell Investments Group Ltd., Morgan Stanley, Pinnacle Associates Ltd., Global Thematic Partners LLC, Meadow Creek Investment Management LLC and First Trust Advisors LP. 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 acquired by a variety of institutional investors in the last quarter, including Pendal Group Ltd, Acadian Asset Management LLC, Bank of Montreal Can, Caisse DE Depot ET Placement DU Quebec, Cornerstone Wealth Management LLC, Bank of America Corp DE, Jennison Associates LLC and Adams Diversified Equity Fund Inc.. 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 $48.98.

Lazard has a market capitalization of $6.57 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]