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
- Market Cap: $6.21709 billion
- Outstanding Shares: 129,766,000
- 50 Day Moving Avg: $46.27
- 200 Day Moving Avg: $44.43
- 52 Week Range: $32.53 - $48.86
Sales & Book Value:
- Trailing P/E Ratio: 14.27
- Foreward P/E Ratio: 12.53
- P/E Growth: 1.70
- Annual Revenue: $2.45 billion
- Price / Sales: 2.44
- Book Value: $9.38 per share
- Price / Book: 4.92
- Annual Dividend: $1.64
- Dividend Yield: 3.4%
- Net Margins: 17.06%
- Return on Equity: 36.15%
- Return on Assets: 10.38%
- Debt-to-Equity Ratio: 0.99%
- Current Ratio: 2.21%
- Quick Ratio: 2.21%
- Average Volume: 862,364 shs.
- Beta: 1.84
- Short Ratio: 3.55
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 announced a 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. The ex-dividend date of this dividend is Thursday, August 3rd. View Lazard's Dividend History.
How were Lazard's earnings last quarter?
Lazard Ltd. (NYSE:LAZ) issued its quarterly earnings results on Thursday, July, 27th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.80 by $0.18. The company earned $720.16 million during the quarter, compared to the consensus estimate of $627.12 million. Lazard had a net margin of 17.06% and a return on equity of 36.15%. The company's revenue was up 32.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. View Lazard's Earnings History.
Where is Lazard's stock going? Where will Lazard's stock price be in 2017?
7 brokers have issued 1-year target prices for Lazard's shares. Their forecasts range from $41.00 to $51.00. On average, they expect Lazard's stock 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 Financial Officer
- Alexander F. Stern, Chief Operating Officer, Chief Executive Officer of Lazard France
- Scott D. Hoffman, General Counsel
- 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 number of of institutional and retail investors. Top institutional investors include Public Employees Retirement Association of Colorado (1.26%), Fisher Asset Management LLC (1.20%), Strs Ohio (1.11%), Copeland Capital Management LLC (0.10%), First Quadrant L P CA (0.10%) and Russell Investments Group Ltd. (0.09%). 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 Bank of Montreal Can, First Quadrant L P CA, Fisher Asset Management LLC, Nisa Investment Advisors LLC, Boyd Watterson Asset Management LLC OH, Copeland Capital Management LLC, Webster Bank N. A. and Steinberg Global Asset Management. 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 bought by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, Greystone Managed Investments Inc., Acadian Asset Management LLC, Meeder Asset Management Inc., Polianta Ltd, Cambiar Investors LLC, Sheets Smith Wealth Management and First Midwest Bank Trust Division. 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?
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.
One share of Lazard stock can currently be purchased for approximately $46.11.
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 (0.38% upside)|
Analysts' Ratings History for Lazard (NYSE:LAZ)
(Data available from 7/28/2015 forward)
|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|
Earnings History for Lazard (NYSE:LAZ)Earnings History by Quarter for Lazard (NYSE LAZ)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
Earnings Estimates for Lazard (NYSE:LAZ)
Current Year EPS Consensus Estimate: $3.44 EPS
Next Year EPS Consensus Estimate: $3.68 EPS
Current Dividend Information for Lazard (NYSE:LAZ)
|Dividend Growth:||25.70% (3 Year Average)|
|Payout Ratio:||50.77% (Trailing 12 Months of Earnings) |
47.67% (Based on This Year's Estimates)
44.57% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Lazard (NYSE LAZ)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Lazard (NYSE:LAZ)
Insider Ownership Percentage: 2.50%Insider Trades by Quarter for Lazard (NYSE:LAZ)
Institutional Ownership Percentage: 73.67%
(Data available from 1/1/2013 forward)
|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|| |
Headline Trends for Lazard (NYSE:LAZ)
Latest Headlines for Lazard (NYSE:LAZ)
Lazard (LAZ) Chart for Friday, July, 28, 2017