Lazard Company Profile (NYSE:LAZ)

About Lazard (NYSE:LAZ)

Lazard logoLazard 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: $5.5 billion
  • Outstanding Shares: 129,766,000
Average Prices:
  • 50 Day Moving Avg: $45.87
  • 200 Day Moving Avg: $44.82
  • 52 Week Range: $33.48 - $48.86
P/E:
  • Trailing P/E Ratio: 12.02
  • Foreward P/E Ratio: 11.50
  • P/E Growth: 1.30
Sales & Book Value:
  • Annual Revenue: $2.64 billion
  • Price / Sales: 2.09
  • Book Value: $10.22 per share
  • Price / Book: 4.15
Dividend:
  • Annual Dividend: $1.64
  • Dividend Yield: 3.9%
Profitability:
  • Net Margins: 17.39%
  • Return on Equity: 39.33%
  • Return on Assets: 11.16%
Debt:
  • Debt-to-Equity Ratio: 0.91%
  • Current Ratio: 1.99%
  • Quick Ratio: 1.99%
Misc:
  • Average Volume: 678,038 shs.
  • Beta: 1.84
  • Short Ratio: 3.11
 

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 quarterly dividend on Wednesday, July 26th. Shareholders 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 yield of 3.87%. 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) released its earnings results on Thursday, July, 27th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.80 by $0.18. The business earned $720.16 million during the quarter, compared to the consensus estimate of $627.12 million. Lazard had a net margin of 17.39% and a return on equity of 39.33%. The firm's revenue was up 32.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS. View Lazard's Earnings History.

When will Lazard make its next earnings announcement?

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Lazard.

Where is Lazard's stock going? Where will Lazard's stock price be in 2017?

7 brokerages have issued 12 month price targets for Lazard's shares. Their predictions range from $41.00 to $51.00. On average, they expect Lazard's share price to reach $46.29 in the next twelve months. 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 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
  • Michelle Jarrard, Independent Director

Who owns Lazard stock?

Lazard's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.45%), BlackRock Inc. (5.65%), LSV Asset Management (2.64%), Voya Investment Management LLC (1.70%), BT Investment Management Ltd (1.58%) and State Street Corp (1.30%). 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 Eaton Vance Management, Franklin Resources Inc., BlackRock Inc., Bank of Montreal Can, Prudential Financial Inc., Royal Bank of Canada, Royce & Associates LP and Honeywell International Inc.. 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 purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, BT Investment Management Ltd, Vanguard Group Inc., Koch Industries Inc., FMR LLC, Principal Financial Group Inc., Dimensional Fund Advisors LP and AJO LP. 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 $42.42.


MarketBeat Community Rating for Lazard (NYSE LAZ)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  274 (Vote Outperform)
Underperform Votes:  213 (Vote Underperform)
Total Votes:  487
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.

Analyst Ratings

Consensus Ratings for Lazard (NYSE:LAZ) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.57)
Consensus Price Target: $46.29 (9.11% upside)

Analysts' Ratings History for Lazard (NYSE:LAZ)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/9/2017Keefe, Bruyette & WoodsReiterated RatingBuy$51.00MediumView Rating Details
4/21/2017Credit Suisse GroupReiterated RatingBuy$50.00HighView Rating Details
3/23/2017Bank of America CorporationUpgradeUnderperform -> Neutral$47.00LowView Rating Details
1/20/2017Raymond James Financial, Inc.DowngradeStrong-Buy -> Outperform$45.00N/AView Rating Details
1/6/2017InstinetDowngradeBuy -> Neutral$43.00N/AView Rating Details
1/5/2017NomuraDowngradeBuy -> NeutralN/AView Rating Details
10/27/2016Rafferty Capital MarketsUpgradeHold -> Buy$41.00N/AView Rating Details
2/3/2016ArgusReiterated RatingBuy$56.00 -> $45.00N/AView Rating Details
2/3/2016Susquehanna Bancshares IncReiterated RatingBuy$53.00 -> $50.00N/AView Rating Details
2/3/2016Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformN/AView Rating Details
1/13/2016JMP SecuritiesLower Price Target$60.00 -> $58.00N/AView Rating Details
1/12/2016Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$56.00 -> $48.00N/AView Rating Details
10/7/2015Sandler O'NeillUpgradeHold -> BuyN/AView Rating Details
(Data available from 8/20/2015 forward)

Earnings

Earnings History for Lazard (NYSE:LAZ)
Earnings by Quarter for Lazard (NYSE:LAZ)
Earnings History by Quarter for Lazard (NYSE LAZ)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017        
7/27/20176/30/2017$0.80$0.98$627.12 million$720.16 millionViewN/AView Earnings Details
4/27/20173/31/2017$0.80$0.83$611.43 million$624.43 millionViewN/AView Earnings Details
2/2/2017Q416$0.99$1.13$679.51 million$685.00 millionViewListenView Earnings Details
10/27/2016Q316$0.76$0.85$593.03 million$611.00 millionViewListenView Earnings Details
7/28/2016Q216$0.58$0.61$542.68 million$542.30 millionViewListenView Earnings Details
4/21/2016Q116$0.65$0.50$573.20 million$506.00 millionViewListenView Earnings Details
2/2/2016Q415$0.88$0.92$574.92 million$593.20 millionViewListenView Earnings Details
10/22/2015Q315$0.90$0.93$607.69 million$594.00 millionViewListenView Earnings Details
7/23/2015Q215$0.77$0.98$586.53 million$607.00 millionViewListenView Earnings Details
4/23/2015Q115$0.71$0.77$561.07 million$581.00 millionViewN/AView Earnings Details
2/5/2015Q4$1.05$1.29$617.43 million$645.80 millionViewN/AView Earnings Details
10/23/2014Q314$0.65$0.67$555.75 million$583.00 millionViewListenView Earnings Details
7/24/2014Q214$0.55$0.64$530.30 million$571.00 millionViewN/AView Earnings Details
5/1/2014Q114$0.54$0.61$514.80 million$540.00 millionViewN/AView Earnings Details
2/5/2014Q413$0.61$0.81$558.40 million$620.00 millionViewListenView Earnings Details
10/24/2013Q313$0.37$0.46$457.79 million$489.00 millionViewListenView Earnings Details
7/25/2013Q2 2013$0.34$0.45$448.74 million$511.00 millionViewListenView Earnings Details
4/26/2013Q1 2013$0.31$0.28$455.78 million$414.00 millionViewListenView Earnings Details
2/7/2013Q4 2012$0.33$0.61$477.20 million$574.00 millionViewListenView Earnings Details
10/25/2012$0.22$0.26ViewN/AView Earnings Details
7/26/2012$0.29$0.25ViewN/AView Earnings Details
4/27/2012$0.23$0.33ViewN/AView Earnings Details
2/6/2012$0.38$0.01ViewN/AView Earnings Details
10/27/2011$0.43$0.39ViewN/AView Earnings Details
7/28/2011$0.52$0.48ViewN/AView Earnings Details
4/27/2011$0.43$0.43ViewN/AView Earnings Details
2/2/2011$0.63$0.76ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Lazard (NYSE:LAZ)
Current Year EPS Consensus Estimate: $3.59 EPS
Next Year EPS Consensus Estimate: $3.69 EPS

Dividends

Current Dividend Information for Lazard (NYSE:LAZ)
Most Recent Dividend:8/18/2017
Annual Dividend:$1.64
Dividend Yield:3.87%
Dividend Growth:25.70% (3 Year Average)
Payout Ratio:46.46% (Trailing 12 Months of Earnings)
45.68% (Based on This Year's Estimates)
44.44% (Based on Next Year's Estimates)
Track Record:6 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Lazard (NYSE:LAZ)

Dividend History by Quarter for Lazard (NYSE LAZ)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/26/2017Quarterly$0.413.55%8/3/20178/7/20178/18/2017
4/26/2017Quarterly$0.413.8%5/4/20175/8/20175/19/2017
2/1/2017quarterly$0.3811.04%2/9/20172/13/20172/24/2017
10/26/2016Quarterly$0.384.1%11/3/201611/7/201611/18/2016
7/27/2016Quarterly$0.388/4/20168/8/20168/19/2016
4/21/2016quarterly$0.384.07%4/29/20165/3/20165/13/2016
2/1/2016special$0.354.21%2/9/20162/11/20162/26/2016
10/22/2015quarterly$0.352.94%10/29/201511/2/201511/13/2015
7/23/2015quarterly$0.352.47%7/30/20158/3/20158/14/2015
4/23/2015quarterly$0.352.49%4/30/20155/4/20155/15/2015
2/4/2015special$0.302.36%2/11/20152/13/20152/19/2015
10/22/2014quarterly$0.302.45%10/30/201411/3/201411/14/2014
7/23/2014quarterly$0.302.29%7/31/20148/4/20148/15/2014
4/30/2014quarterly$0.302.45%5/8/20145/12/20145/23/2014
1/29/2014quarterly$0.302.81%2/6/20142/10/20142/21/2014
12/10/2013special$0.252.33%12/18/201312/20/201312/27/2013
12/12/2012quarterly$0.2012/19/201212/21/201212/27/2012
12/11/2012special$0.2012/19/201212/21/201212/27/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Lazard (NYSE:LAZ)
Insider Ownership Percentage: 2.50%
Institutional Ownership Percentage: 69.05%
Insider Trades by Quarter for Lazard (NYSE:LAZ)
Institutional Ownership by Quarter for Lazard (NYSE:LAZ)
Insider Trades by Quarter for Lazard (NYSE:LAZ)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/30/2017Matthieu BucailleCFOSell90,000$44.81$4,032,900.00View SEC Filing  
5/16/2017Scott D. HoffmanGeneral CounselSell35,000$45.13$1,579,550.00View SEC Filing  
5/11/2017Alexander F. SternCOOSell65,000$44.75$2,908,750.00View SEC Filing  
3/2/2017Scott D HoffmanGeneral CounselSell20,000$43.16$863,200.00View SEC Filing  
8/9/2016Scott D. HoffmanGeneral CounselSell42,000$34.92$1,466,640.00View SEC Filing  
8/2/2016Jane L. MendilloDirectorBuy1,400$35.22$49,308.00View SEC Filing  
3/3/2015Alexander F SternCOOSell63,000$50.80$3,200,400.00View SEC Filing  
2/20/2014Alexander F SternCOOSell44,312$44.56$1,974,542.72View SEC Filing  
2/19/2014Ashish BhutaniCEOSell145,947$45.15$6,589,507.05View SEC Filing  
2/12/2014Alexander F SternCOOSell61,877$42.87$2,652,666.99View SEC Filing  
3/12/2013Alexander F SternCOOSell60,000$36.56$2,193,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Lazard (NYSE:LAZ)
Latest Headlines for Lazard (NYSE:LAZ)
Source:
DateHeadline
americanbankingnews.com logoLazard Ltd. (LAZ) Lowered to "Hold" at BidaskClub
www.americanbankingnews.com - August 18 at 10:16 PM
americanbankingnews.com logoLazard Ltd. (LAZ) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - August 18 at 2:42 PM
finance.yahoo.com logoETFs with exposure to Lazard Ltd. : August 16, 2017
finance.yahoo.com - August 17 at 1:23 AM
americanbankingnews.com logoLazard (LAZ) vs. TD Ameritrade Holding Corporation (AMTD) Head-To-Head Review
www.americanbankingnews.com - August 15 at 12:16 PM
businesswire.com logoJerry 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
reuters.com logoLazard names Jerry Wiant managing director of financial advisory
www.reuters.com - August 15 at 12:59 AM
finance.yahoo.com logoJerry Wiant Joins Lazard as a Managing Director in Financial Institutions Investment Banking
finance.yahoo.com - August 15 at 12:59 AM
americanbankingnews.com logoLazard Ltd. (NYSE:LAZ) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - August 13 at 9:02 AM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Lazard Ltd.
finance.yahoo.com - August 12 at 7:24 PM
finance.yahoo.com logoLazard Ltd. breached its 50 day moving average in a Bearish Manner : LAZ-US : August 3, 2017
finance.yahoo.com - August 3 at 11:49 PM
finance.yahoo.com logoLazard Ltd. :LAZ-US: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017
finance.yahoo.com - August 3 at 11:49 PM
nasdaq.com logoLazard (LAZ) Posts Impressive Q2 Earnings, Shares Down - Nasdaq
www.nasdaq.com - July 30 at 12:28 AM
americanbankingnews.com logoLazard Ltd. Announces Quarterly Dividend of $0.41 (NYSE:LAZ)
www.americanbankingnews.com - July 29 at 11:16 AM
News IconBRIEF-Lazard Q2 adjusted earnings per share $0.98 excluding items
www.businessinsider.com - July 29 at 1:54 AM
seekingalpha.com logoLazard Ltd. 2017 Q2 - Results - Earnings Call Slides
seekingalpha.com - July 29 at 1:54 AM
finance.yahoo.com logoLazard (LAZ) Posts Impressive Q2 Earnings, Shares Down
finance.yahoo.com - July 29 at 1:54 AM
americanbankingnews.com logoLazard Ltd. (NYSE:LAZ) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - July 28 at 8:28 PM
nasdaq.com logoBREAKINGVIEWS-M&A shops become Wall Street's new black boxes - Nasdaq
www.nasdaq.com - July 28 at 1:56 AM
reuters.com logoLazard's quarterly profit jumps 50 percent - Reuters
www.reuters.com - July 28 at 1:56 AM
businesswire.com logoLazard Ltd Reports Second-Quarter and First-Half 2017 Results - Business Wire (press release)
www.businesswire.com - July 28 at 1:56 AM
finance.yahoo.com logoInvestor Network: Lazard Ltd. to Host Earnings Call
finance.yahoo.com - July 28 at 1:56 AM
finance.yahoo.com logoMOVES-Bucaille to step down as Lazard CFO
finance.yahoo.com - July 28 at 1:56 AM
finance.yahoo.com logoLazard Ltd Reports Second-Quarter and First-Half 2017 Results
finance.yahoo.com - July 28 at 1:56 AM
finance.yahoo.com logoLazard's quarterly profit jumps 50 percent
finance.yahoo.com - July 28 at 1:56 AM
finance.yahoo.com logoLazard is having a record-breaking year amid a 'choppy' environment for M&A
finance.yahoo.com - July 28 at 1:56 AM
finance.yahoo.com logoEdited Transcript of LAZ earnings conference call or presentation 27-Jul-17 12:00pm GMT
finance.yahoo.com - July 28 at 1:56 AM
americanbankingnews.com logoLazard Ltd. (LAZ) Issues Earnings Results
www.americanbankingnews.com - July 27 at 2:18 PM
americanbankingnews.com logoFinancial Analysis: PJT Partners (PJT) versus Lazard (NYSE:LAZ)
www.americanbankingnews.com - July 27 at 10:36 AM
reuters.com logoEnergy Capital in advanced talks to buy Calpine: Bloomberg - Reuters
www.reuters.com - July 26 at 9:44 PM
businesswire.com logoLazard Declares Quarterly Dividend - Business Wire (press release)
www.businesswire.com - July 26 at 9:44 PM
businesswire.com logoLazard Announces Senior-Level Appointments - Business Wire (press release)
www.businesswire.com - July 26 at 9:44 PM
finance.yahoo.com logoLazard Declares Quarterly Dividend
finance.yahoo.com - July 26 at 9:43 PM
finance.yahoo.com logoLazard Announces Senior-Level Appointments
finance.yahoo.com - July 26 at 9:43 PM
americanbankingnews.com logoLazard Ltd. (LAZ) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - July 24 at 2:28 PM
nasdaq.com logoShould Value Investors Pick Lazard (LAZ) Stock Right Now? - Nasdaq
www.nasdaq.com - July 22 at 5:54 AM
finance.yahoo.com logoShould Value Investors Pick Lazard (LAZ) Stock Right Now?
finance.yahoo.com - July 22 at 5:54 AM
News IconExclusive: U.S. Cardinal Health puts $1.5 billion China business on block - sources
www.businessinsider.com - July 20 at 6:25 AM
finance.yahoo.com logoMOVES-Lazard names new chairman of investment banking for Germany
finance.yahoo.com - July 15 at 5:25 AM
finance.yahoo.com logo5 Market-Beating Dividend Stocks for Steady Growth
finance.yahoo.com - July 15 at 5:17 AM
businesswire.com logoLazard to Announce First-Half and Second-Quarter 2017 Results - Business Wire (press release)
www.businesswire.com - July 14 at 6:04 AM
reuters.com logoMOVES-Lazard, Duff & Phelps, Credit Suisse, BTIG - Reuters
www.reuters.com - July 14 at 6:04 AM
reuters.com logoMOVES-Lazard names new chairman of investment banking for Germany - Reuters
www.reuters.com - July 14 at 6:04 AM
businesswire.com logoRüdiger Grube to Join Lazard as Chairman, Investment Banking ... - Business Wire (press release)
www.businesswire.com - July 13 at 6:18 AM
finance.yahoo.com logo[$$] Investors take fright from Pearson over latest asset sale
finance.yahoo.com - July 12 at 2:08 AM
americanbankingnews.com logoMoelis & Company (MC) versus Lazard (LAZ) Critical Analysis
www.americanbankingnews.com - July 10 at 8:07 AM
bloomberg.com logoBarclays Is on a Hiring Spree in Japan - Bloomberg - Bloomberg
www.bloomberg.com - July 10 at 12:01 AM
nasdaq.com logo5 Must-Have Dividend Stocks for Small Gains in Second Half - Nasdaq
www.nasdaq.com - July 7 at 6:56 AM
finance.yahoo.com logoHighland Is Buying Lazard's Argentine Fund
finance.yahoo.com - July 6 at 7:11 AM
bloomberg.com logoMozambique Bondholders Lay Down Terms Ahead of Restructuring - Bloomberg
www.bloomberg.com - June 30 at 1:00 AM
americanbankingnews.com logoLazard Ltd. (LAZ) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - June 27 at 2:56 PM

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Chart

Lazard (LAZ) Chart for Sunday, August, 20, 2017

This page was last updated on 8/20/2017 by MarketBeat.com Staff