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The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Day of Financial Reckoning Is Near (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The Day of Financial Reckoning Is Near (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Day of Financial Reckoning Is Near (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The Day of Financial Reckoning Is Near (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Day of Financial Reckoning Is Near (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The Day of Financial Reckoning Is Near (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
The Day of Financial Reckoning Is Near (Ad)
NYSE:LAZ

Lazard - LAZ Stock Forecast, Price & News

$39.66
+0.56 (+1.43%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$38.81
$39.66
50-Day Range
$31.06
$39.66
52-Week Range
$30.72
$53.00
Volume
349,743 shs
Average Volume
622,120 shs
Market Capitalization
N/A
P/E Ratio
8.31
Dividend Yield
5.12%
Price Target
$39.71

Lazard MarketRank™ Forecast

Analyst Rating
Hold
1.86 Rating Score
Upside/​Downside
0.1% Upside
$39.71 Price Target
Short Interest
Healthy
4.62% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.35mentions of Lazard in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$2.47 M Sold Last Quarter
Proj. Earnings Growth
0.26%
From $3.80 to $3.81 Per Share

Overall MarketRank

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

1.74 out of 5 stars

LAZ stock logo

About Lazard (NYSE:LAZ) Stock

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. The company was founded in 1848 and is based in Hamilton, Bermuda.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LAZ. StockNews.com cut shares of Lazard from a "buy" rating to a "hold" rating in a research note on Friday, July 8th. The Goldman Sachs Group increased their price target on shares of Lazard from $32.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, August 4th. Keefe, Bruyette & Woods lowered Lazard from a "market perform" rating to an "underperform" rating and decreased their price objective for the company from $38.00 to $30.00 in a research report on Wednesday, July 13th. Morgan Stanley cut Lazard from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $40.00 to $30.00 in a report on Monday, July 18th. Finally, Piper Sandler lowered their price target on shares of Lazard from $45.00 to $44.00 and set an "overweight" rating for the company in a research report on Friday, July 8th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $39.71.

Lazard Price Performance

Shares of Lazard stock traded up $0.56 during trading on Friday, reaching $39.66. 349,743 shares of the company's stock were exchanged, compared to its average volume of 622,120. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.70 and a quick ratio of 1.70. Lazard has a 1-year low of $30.72 and a 1-year high of $53.00. The firm's 50-day moving average price is $34.51 and its 200 day moving average price is $35.10.

Lazard (NYSE:LAZ - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The company had revenue of $676.00 million during the quarter, compared to the consensus estimate of $666.39 million. Lazard had a return on equity of 56.01% and a net margin of 16.85%. The firm's revenue was down 17.7% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. As a group, analysts forecast that Lazard will post 3.8 EPS for the current fiscal year.

Lazard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Monday, August 8th will be issued a $0.50 dividend. The ex-dividend date is Friday, August 5th. This represents a $2.00 dividend on an annualized basis and a yield of 5.04%. Lazard's payout ratio is currently 41.93%.

Insiders Place Their Bets

In other news, President Alexander F. Stern sold 70,000 shares of Lazard stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $35.29, for a total value of $2,470,300.00. Following the completion of the sale, the president now owns 209,258 shares in the company, valued at approximately $7,384,714.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.86% of the company's stock.

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LAZ Stock News Headlines

Lazard sees 3.9% growth in July AUM - Seeking Alpha
Lazard Reports July 2022 Assets Under Management
Lazard (NYSE:LAZ) PT Raised to $36.00
What 4 Analyst Ratings Have To Say About Lazard
See More Headlines
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LAZ Company Calendar

Ex-Dividend for 5/20 Dividend
5/06/2022
Dividend Payable
5/20/2022
Last Earnings
7/28/2022
Ex-Dividend for 8/19 Dividend
8/05/2022
Today
8/14/2022
Dividend Payable
8/19/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
G5405010
Employees
3,179
Year Founded
1848

Price Target and Rating

Average Stock Price Forecast
$39.71
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+0.1%
Consensus Rating
Hold
Rating Score (0-4)
1.86
Research Coverage
7 Analysts

Profitability

Net Income
$528.06 million
Pretax Margin
22.67%

Debt

Sales & Book Value

Annual Sales
$3.27 billion
Cash Flow
$7.67 per share
Book Value
$9.52 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
1.43

Social Links


Key Executives














LAZ Stock - Frequently Asked Questions

Should I buy or sell Lazard stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 2022?

7 Wall Street analysts have issued 12-month target prices for Lazard's shares. Their LAZ share price forecasts range from $30.00 to $56.00. On average, they expect the company's share price to reach $39.71 in the next year. This suggests a possible upside of 0.1% 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 2022?

Lazard's stock was trading at $43.63 at the start of the year. Since then, LAZ shares have decreased by 9.1% and is now trading at $39.66.
View the best growth stocks for 2022 here
.

When is Lazard's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our LAZ earnings forecast
.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) issued its earnings results on Thursday, July, 28th. The asset manager reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The asset manager earned $676 million during the quarter, compared to analysts' expectations of $666.39 million. Lazard had a net margin of 16.85% and a trailing twelve-month return on equity of 56.01%. The firm's revenue was down 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 earnings per share.

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

Lazard declared a quarterly dividend on Friday, July 29th. Investors of record on Monday, August 8th will be paid a dividend of $0.50 per share on Friday, August 19th. This represents a $2.00 annualized dividend and a yield of 5.04%. The ex-dividend date is Friday, August 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 5.12%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LAZ will have a dividend payout ratio of 52.49% 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 number of retail and institutional investors. Top institutional shareholders include RWC Asset Management LLP (0.00%), Jennison Associates LLC (0.00%), Royce & Associates LP (0.57%), Northern Trust Corp (0.40%), Todd Asset Management LLC (0.37%) and Hosking Partners LLP (0.00%). 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 $39.66.

How many employees does Lazard have?

The company employs 3,179 workers across the globe.

When was Lazard founded?

Lazard was founded in 1848.

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 8/14/2022 by MarketBeat.com Staff

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