Lazard Stock Forecast, Price & News

Lazard's stock was trading at $29.62 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LAZ shares have increased by 16.8% and is now trading at $34.60.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Lazard.

Lazard is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Lazard.

Lazard Ltd (NYSE:LAZ) released its earnings results on Friday, July, 31st. The asset manager reported $0.67 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.36 by $0.31. The asset manager had revenue of $572.30 million for the quarter, compared to analysts' expectations of $513.36 million. Lazard had a net margin of 10.43% and a return on equity of 51.35%. The company's revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share.
View Lazard's earnings history.

Lazard announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 10th will be given a dividend of $0.47 per share on Friday, August 21st. This represents a $1.88 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Friday, August 7th.
View Lazard's dividend history.

9 analysts have issued 1 year target prices for Lazard's stock. Their forecasts range from $24.00 to $48.00. On average, they anticipate Lazard's stock price to reach $35.00 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price.
View analysts' price targets for Lazard.

Lazard saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,910,000 shares, an increase of 17.3% from the August 15th total of 2,480,000 shares. Based on an average trading volume of 602,000 shares, the short-interest ratio is presently 4.8 days. Approximately 2.7% of the shares of the company are short sold.
View Lazard's Short Interest.

Some companies that are related to Lazard include Morgan Stanley (MS), Goldman Sachs Group (GS), Charles Schwab (SCHW), TD Ameritrade (AMTD), E*TRADE Financial (ETFC), Raymond James (RJF), LPL Financial (LPLA), Stifel Financial (SF), Evercore (EVR), Piper Jaffray Companies (PJC), BGC Partners (BGCP), Cowen (COWN), Oppenheimer (OPY), Greenhill & Co., Inc. (GHL) and FBR & Co (FBRC).
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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), Micron Technology (MU), Walt Disney (DIS), Enterprise Products Partners (EPD), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ) and CVS Health (CVS).

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

Lazard's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.34%), FMR LLC (8.97%), LSV Asset Management (2.27%), Epoch Investment Partners Inc. (2.19%), Fisher Asset Management LLC (1.41%) and Charles Schwab Investment Management Inc. (1.32%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone 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 Vanguard Group Inc., LSV Asset Management, Strs Ohio, Ensign Peak Advisors Inc, Bank of Montreal Can, Russell Investments Group Ltd., Jennison Associates LLC, and Robeco Institutional Asset Management B.V.. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern, Dominick Ragone, and Scott D Hoffman.
View insider buying and selling activity for Lazard.

LAZ stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Charles Schwab Investment Management Inc., Fisher Asset Management LLC, Blue Harbour Group L.P., Goldman Sachs Group Inc., HighTower Advisors LLC, Private Capital Advisors Inc., and Federated Hermes Inc..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of LAZ stock can currently be purchased for approximately $34.60.

Lazard has a market capitalization of $3.63 billion and generates $2.67 billion in revenue each year. The asset manager earns $286.50 million in net income (profit) each year or $3.28 on an earnings per share basis. Lazard employs 3,018 workers across the globe.

The official website for Lazard is www.lazard.com.

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]