About Lazard Ltd (NYSE:LAZ)
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: Financials
- Industry: Investment Banking
- Sub-Industry: Investment Banking & Brokerage
- Symbol: NYSE:LAZ
- CUSIP: G5405010
- Web: www.lazard.com/
Capitalization:- Market Cap: $5.9355 billion
- Outstanding Shares: 121,608,000
Average Prices:- 50 Day Moving Avg: $43.82
- 200 Day Moving Avg: $44.68
- 52 Week Range: $35.18 - $48.86
P/E:- Trailing P/E Ratio: 13.04
- Foreward P/E Ratio: 12.68
- P/E Growth: 1.43
Sales & Book Value:- Annual Revenue: $2.64 billion
- Price / Sales: 2.12
- Book Value: $10.22 per share
- Price / Book: 4.50
Dividend:- Annual Dividend: $1.64
- Dividend Yield: 3.6%
Profitability:- Net Margins: 16.56%
- Return on Equity: 40.30%
- Return on Assets: 10.59%
Debt:- Debt-to-Equity Ratio: 0.91%
- Current Ratio: 1.99%
- Quick Ratio: 1.99%
Misc:- Average Volume: 671,305 shs.
- Beta: 1.85
- Short Ratio: 3.11
Frequently Asked Questions for Lazard Ltd (NYSE:LAZ)
What is Lazard Ltd's stock symbol?
Lazard Ltd trades on the New York Stock Exchange (NYSE) under the ticker symbol "LAZ."
How often does Lazard Ltd pay dividends? What is the dividend yield for Lazard Ltd?
Lazard Ltd declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.41 per share on Friday, August 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, August 3rd. View Lazard Ltd's Dividend History.
How were Lazard Ltd's earnings last quarter?
Lazard Ltd (NYSE:LAZ) posted its quarterly earnings results on Thursday, July, 27th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 Ltd had a return on equity of 40.30% and a net margin of 16.56%. Lazard Ltd's revenue for the quarter was up 32.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. View Lazard Ltd's Earnings History.
When will Lazard Ltd make its next earnings announcement?
Where is Lazard Ltd's stock going? Where will Lazard Ltd's stock price be in 2017?
7 brokerages have issued 1-year target prices for Lazard Ltd's stock. Their predictions range from $41.00 to $51.00. On average, they anticipate Lazard Ltd's share price to reach $46.17 in the next twelve months. View Analyst Ratings for Lazard Ltd.
Who are some of Lazard Ltd's key competitors?
Who are Lazard Ltd's key executives?
Lazard Ltd's management team includes the folowing people:
- Kenneth M. Jacobs, Chairman of the Board, Chief Executive Officer
- Evan Russo, Chief Financial Officer
- Matthieu Bucaille, Chief Executive Officer - of Lazard International
- Alexander F. Stern, Chief Operating Officer, Chief Executive Officer of Lazard France
- Scott D. Hoffman, Chief Administrative Officer, General Counsel, Secretary
- 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
Who owns Lazard Ltd stock?
Lazard Ltd's stock is owned by a number of of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.27%), Robeco Institutional Asset Management B.V. (0.07%) and Quotient Investors LLC (0.05%). Company insiders that own Lazard Ltd stock include Alexander F Stern, Jane L Mendillo, Matthieu Bucaille and Scott D Hoffman. View Institutional Ownership Trends for Lazard Ltd.
Who sold Lazard Ltd stock? Who is selling Lazard Ltd stock?
Lazard Ltd's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC. Company insiders that have sold Lazard Ltd stock in the last year include Alexander F Stern, Matthieu Bucaille and Scott D Hoffman. View Insider Buying and Selling for Lazard Ltd.
Who bought Lazard Ltd stock? Who is buying Lazard Ltd stock?
How do I buy Lazard Ltd stock?
Shares of Lazard Ltd 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 Ltd's stock price today?
One share of Lazard Ltd stock can currently be purchased for approximately $46.03.
MarketBeat Community Rating for Lazard Ltd (NYSE LAZ)MarketBeat's community ratings are surveys of what our community members think about Lazard Ltd 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 Ltd (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: | $46.17 (0.30% upside) |
Consensus Price Target History for Lazard Ltd (NYSE:LAZ)
Analysts' Ratings History for Lazard Ltd (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 | Downgrade | Buy -> Neutral | $56.00 -> $48.00 | N/A | |
(Data available from 10/21/2015 forward)
Earnings History for Lazard Ltd (NYSE:LAZ)Earnings History by Quarter for Lazard Ltd (NYSE LAZ)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | $0.70 | | | | | N/A | |
| 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 Ltd (NYSE:LAZ)Current Year EPS Consensus Estimate: $3.44 EPS
Next Year EPS Consensus Estimate: $3.63 EPS
Current Dividend Information for Lazard Ltd (NYSE:LAZ)| Most Recent Dividend: | 8/18/2017 |
| Annual Dividend: | $1.64 |
| Dividend Yield: | 3.56% |
| Dividend Growth: | 25.70% (3 Year Average) |
| Payout Ratio: | 46.46% (Trailing 12 Months of Earnings)
47.67% (Based on This Year's Estimates)
45.18% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Lazard Ltd (NYSE LAZ)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/26/2017 | Quarterly | $0.41 | 3.55% | 8/3/2017 | 8/7/2017 | 8/18/2017 |
| 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 Ltd (NYSE:LAZ)Insider Ownership Percentage: 2.50%
Institutional Ownership Percentage: 72.21%
Insider Trades by Quarter for Lazard Ltd (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 Ltd (NYSE:LAZ)
Latest Headlines for Lazard Ltd (NYSE:LAZ)
| Source: |
|
| Date | Headline |
|---|
 | Lazard Ltd. (LAZ) Set to Announce Quarterly Earnings on Thursday
www.americanbankingnews.com - October 19 at 4:46 AM |
 | What's in Store for E*TRADE (ETFC) in Q3 Earnings Report?
finance.yahoo.com - October 18 at 4:00 PM |
 | Lazard World Dividend & Income Fund Declares Monthly ... - Business Wire (press release)
www.businesswire.com - October 18 at 6:30 AM |
 | Unilever Invests In Beauty Bakerie For Millennial Beauty Products
seekingalpha.com - October 16 at 12:14 AM |
 | Waverton Investment Management Ltd Buys British American Tobacco PLC, Visa Inc, Biogen Inc, ...
www.nasdaq.com - October 13 at 6:17 AM |
 | The IPO of Terveystalo Plc has been oversubscribed and the listing will be completed as planned
globenewswire.com - October 10 at 7:48 PM |
 | Pharmacy2U Is Said to Hire Lazard to Raise Funds for Growth
www.bloomberg.com - October 10 at 7:48 PM |
| Lazard to Announce Third-Quarter and Nine-Month 2017 Results
finance.yahoo.com - October 9 at 9:25 PM |
| Lone Star Mulls Sale of Gas Retailer MRH as IPOs Surge
www.bloomberg.com - October 9 at 4:24 PM |
 | Initiating Research Reports on Asset Management Equities -- Apollo Investment, Carlyle, Lazard, and State Street
www.prnewswire.com - October 9 at 4:24 PM |
| Lazard Ltd. (LAZ) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - October 7 at 2:40 PM |
| Lazard (LAZ) versus JMP Group (JMP) Head-To-Head Survey
www.americanbankingnews.com - October 7 at 10:28 AM |
 | Form 3 Lazard Ltd For: Oct 01 Filed by: Russo Evan L
www.streetinsider.com - October 6 at 3:19 AM |
| Lazard Asset Management Launches Equity Franchise Fund ... - Business Wire (press release)
www.businesswire.com - October 5 at 7:49 AM |
| Form 3 Lazard Ltd For: Oct 01 Filed by: Russo Evan L - StreetInsider.com
www.streetinsider.com - October 5 at 7:49 AM |
| Lazard Asset Management Launches Equity Franchise Fund
finance.yahoo.com - October 5 at 7:49 AM |
| Analyzing Lazard (LAZ) and JMP Group (JMP)
www.americanbankingnews.com - October 3 at 8:58 AM |
| Lazard Is A Low Volatility Buy - Seeking Alpha
seekingalpha.com - October 2 at 12:29 PM |
| Head-To-Head Survey: Lazard (LAZ) and JMP Group (JMP)
www.americanbankingnews.com - September 29 at 4:49 AM |
| Here's Why it is Wise to Hold Lazard (LAZ) Stock for Now
finance.yahoo.com - September 22 at 11:39 AM |
| Here's Why it is Wise to Hold Lazard (LAZ) Stock for Now
finance.yahoo.com - September 21 at 3:58 PM |
| Banks Hire Lazard to Solve Turkey's Biggest Default - Bloomberg
www.bloomberg.com - September 21 at 9:32 AM |
| How Toys ‘R’ Us Collapsed So Quickly
www.bloomberg.com - September 20 at 1:10 AM |
| How $5 billion of debt caught up with Toys 'R' Us
finance.yahoo.com - September 20 at 1:10 AM |
| MOVES-Lazard debt restructuring banker returns to Toys "R" Us
finance.yahoo.com - September 18 at 7:53 PM |
| Lazard Global Total Return and Income Fund Declares Monthly ... - Business Wire (press release)
www.businesswire.com - September 16 at 5:51 AM |
| Moelis Sees Deal Advisers Dodging Robot Threats Faced by Traders - Bloomberg
www.bloomberg.com - September 15 at 5:28 AM |
| Lazard Ltd. (LAZ) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - September 12 at 2:52 PM |
 | Streetwise newsletter: BP files for IPO of U.S. pipeline assets; Alamos Gold to acquire Richmont Mines
www.theglobeandmail.com - September 11 at 10:11 PM |
| Notice of future admission of new Elis shares
www.nasdaq.com - September 11 at 5:28 AM |
| Tim Loftsgard Joins Lazard as a Managing Director in Financial ... - Business Wire (press release)
www.businesswire.com - September 10 at 12:51 AM |
| Streetwise newsletter: The week’s best reads: Lazard, home prices, Teachers
www.theglobeandmail.com - September 9 at 3:56 AM |
 | PRESS DIGEST-Canada - Sept 7 - Business Insider
www.businessinsider.com - September 8 at 1:04 AM |
| Streetwise newsletter: Lazard lands mining M&A banker; RBC not worried about housing cool-down - The Globe and Mail
www.theglobeandmail.com - September 8 at 1:04 AM |
| Tim Loftsgard Joins Lazard as a Managing Director in Financial Advisory
finance.yahoo.com - September 8 at 1:04 AM |
 | Toys"R"Us taps law firm to weigh restructuring options: source - Reuters
www.reuters.com - September 7 at 2:30 AM |
| Schneider to Take Control of U.K.'s Aveva in Software Merger
www.bloomberg.com - September 5 at 5:10 AM |
| Head-To-Head Contrast: Greenhill & Co. (GHL) versus Lazard (LAZ)
www.americanbankingnews.com - September 3 at 2:12 AM |
| Lazard Ltd. : LAZ-US: Dividend Analysis : August 07th, 2017 (record date) : By the numbers : September 1, 2017
finance.yahoo.com - September 2 at 3:58 AM |
| Recommended offer by Elis for Berendsen: results of Elis' shareholders' general meeting
globenewswire.com - September 1 at 2:14 AM |
| Temple Says Probability of Major U.S. Tax Reform Is Low
finance.yahoo.com - August 25 at 7:52 AM |
| Temple Says Probability of Major U.S. Tax Reform Is Low
finance.yahoo.com - August 25 at 7:52 AM |
| Form 4 Lazard Ltd For: Aug 18 Filed by: Stern Alexander F. - StreetInsider.com
www.streetinsider.com - August 23 at 8:43 AM |
| Lazard Ltd. (LAZ) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - August 18 at 2:42 PM |
| ETFs with exposure to Lazard Ltd. : August 16, 2017
finance.yahoo.com - August 17 at 1:23 AM |
| Lazard (LAZ) vs. TD Ameritrade Holding Corporation (AMTD) Head-To-Head Review
www.americanbankingnews.com - August 15 at 12:16 PM |
| Jerry Wiant Joins Lazard as a Managing Director in Financial Institutions Investment Banking - Business Wire (press release)
www.businesswire.com - August 15 at 6:01 AM |
| Lazard names Jerry Wiant managing director of financial advisory
www.reuters.com - August 15 at 12:59 AM |
| Jerry Wiant Joins Lazard as a Managing Director in Financial Institutions Investment Banking
finance.yahoo.com - August 15 at 12:59 AM |
| See what the IHS Markit Score report has to say about Lazard Ltd.
finance.yahoo.com - August 12 at 7:24 PM |
Lazard Ltd (LAZ) Chart for Saturday, October, 21, 2017
