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: $6.2145 billion
- Outstanding Shares: 129,766,000
Average Prices:- 50 Day Moving Avg: $46.24
- 200 Day Moving Avg: $44.42
- 52 Week Range: $32.53 - $48.07
P/E:- Trailing P/E Ratio: 14.83
- Foreward P/E Ratio: 13.02
- P/E Growth: 1.70
Sales & Book Value:- Annual Revenue: $2.45 billion
- Price / Sales: 2.54
- Book Value: $9.38 per share
- Price / Book: 5.11
Dividend:- Annual Dividend: $1.64
- Dividend Yield: 3.4%
Profitability:- Net Margins: 17.06%
- Return on Equity: 36.15%
- Return on Assets: 10.38%
Debt:- Debt-to-Equity Ratio: 0.99%
- Current Ratio: 2.21%
- Quick Ratio: 2.21%
Misc:- Average Volume: 878,686 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 declared a quarterly dividend on Wednesday, April 26th. Stockholders of record on Monday, May 8th will be given a dividend of $0.41 per share on Friday, May 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, May 4th. View Lazard's Dividend History.
How were Lazard's earnings last quarter?
Lazard Ltd. (NYSE:LAZ) issued its earnings results on Thursday, July, 27th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. The company earned $720.16 million during the quarter, compared to analyst estimates of $627.12 million. Lazard had a return on equity of 36.15% and a net margin of 17.06%. The company's revenue for the quarter was up 32.8% on a year-over-year basis. During the same period in the previous year, the company earned $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 equities research analysts have issued 12 month target prices for Lazard's stock. Their predictions range from $41.00 to $51.00. On average, they expect 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 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 many different 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, Sheets Smith Wealth Management, First Midwest Bank Trust Division and Koshinski Asset Management Inc.. 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 $47.91.
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 (3.39% downside) |
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 7/27/2015 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 |
|---|
| 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: $3.44 EPS
Next Year EPS Consensus Estimate: $3.68 EPS
Current Dividend Information for Lazard (NYSE:LAZ)| Most Recent Dividend: | 5/19/2017 |
| Annual Dividend: | $1.64 |
| Dividend Yield: | 3.42% |
| 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)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 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: 73.67%
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 |
|---|
 | 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 |
| Reviewing FBR & Co (FBRC) & Lazard (LAZ)
www.americanbankingnews.com - June 21 at 10:48 PM |
| Lazard Ltd. (LAZ) Upgraded by BidaskClub to "Buy"
www.americanbankingnews.com - June 21 at 5:34 PM |
| J. Crew's Debt Swap Plan Already Faces Opposition
www.bloomberg.com - June 16 at 7:10 PM |
| Legg Mason CEO's Salary Declines for the 3rd Successive Year
www.nasdaq.com - June 16 at 7:12 AM |
 | UPDATE 2-Debt-laden Neiman Marcus abandons hope of a sale
www.cnbc.com - June 14 at 10:43 AM |
| Initiating Research Reports on Asset Management Equities -- T.Rowe Price ...
www.prnewswire.com - June 9 at 9:16 AM |
| Santander’s Botin Takes on Crippled Lender in Her Riskiest Bet
www.bloomberg.com - June 8 at 10:01 AM |
| Lazard (LAZ) Reflects Organic Growth: Time to Buy the Stock?
finance.yahoo.com - June 8 at 10:01 AM |
| Lazard Ltd (LAZ) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - June 7 at 12:58 PM |
| Lazard Ltd (LAZ) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - June 6 at 2:22 PM |
| Lazard Ltd (LAZ) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - June 2 at 9:00 AM |
| Lazard Ltd (LAZ) CFO Sells $4,032,900.00 in Stock
www.americanbankingnews.com - June 1 at 7:32 PM |
| Lazard Ltd (LAZ) Short Interest Down 30.7% in May
www.americanbankingnews.com - June 1 at 7:04 AM |
| Lazard (LAZ) Up 4.2% Since Earnings Report: Can It Continue?
finance.yahoo.com - May 31 at 6:39 PM |
| ETFs with exposure to Lazard Ltd. : May 31, 2017
finance.yahoo.com - May 31 at 6:39 PM |
| Disaster Drought Leaves Turnaround Gurus Scrounging for Cases
www.bloomberg.com - May 30 at 10:17 AM |
| Lazard Ltd. :LAZ-US: Earnings Analysis: Q1, 2017 By the Numbers : May 30, 2017
finance.yahoo.com - May 30 at 10:17 AM |
| Lazard Ltd. breached its 50 day moving average in a Bullish Manner : LAZ-US : May 29, 2017
finance.yahoo.com - May 29 at 9:16 AM |
 | Form 4 Lazard Ltd For: May 19 Filed by: RAGONE DOMINICK
www.streetinsider.com - May 24 at 11:19 PM |
| Rothschild Hires JPMorgan, Deutsche Bank Dealmakers in U.S. Push
www.bloomberg.com - May 24 at 11:19 PM |
| Form 4 Lazard Ltd For: May 19 Filed by: RAGONE DOMINICK - StreetInsider.com
www.streetinsider.com - May 24 at 11:12 AM |
| Buffalo Wild Wings Issues Presentation Identifying Marcato’s Pattern of Inaccurate and Misleading Statements
www.businesswire.com - May 23 at 5:49 PM |
| Mnuchin’s Recruiting Tool: Titles That Don’t Need Senate Confirmation
www.bloomberg.com - May 23 at 5:49 PM |
| Lazard Ltd (LAZ) General Counsel Sells $1,579,550.00 in Stock
www.americanbankingnews.com - May 18 at 7:26 PM |
 | Principal Financial Receives Rating Action from A. M. Best
www.zacks.com - May 17 at 9:40 AM |
| 5 Reasons to Add Lazard (LAZ) Stock to Your Basket Right Now
finance.yahoo.com - May 17 at 9:40 AM |
Lazard (LAZ) Chart for Thursday, July, 27, 2017
