NYSE:LAZ - Lazard Stock Price, News, & Analysis

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$34.54 -0.14 (-0.40 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$34.68
Today's Range$34.36 - $34.95
52-Week Range$33.54 - $55.78
Volume1.08 million shs
Average Volume998,765 shs
Market Capitalization$4.48 billion
P/E Ratio8.30
Dividend Yield5.42%
Beta1.6
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients. The company's Asset Management segment offers a range of investment solutions and investment management services in equity and fixed income strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard Ltd was founded in 1848 and is based in Hamilton, Bermuda.

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Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
CUSIPG5405010
Phone441-295-1422

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.88 billion
Cash Flow$7.1364 per share
Book Value$5.94 per share

Profitability

Net Income$527.13 million

Miscellaneous

Employees2,996
Market Cap$4.48 billion
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable

Lazard (NYSE:LAZ) Frequently Asked Questions

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 24th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.47 per share on Friday, May 17th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend is Friday, May 3rd. This is an increase from Lazard's previous quarterly dividend of $0.44. View Lazard's Dividend History.

How will Lazard's stock buyback program work?

Lazard declared that its Board of Directors has authorized a share repurchase program on Thursday, October 26th 2017, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) issued its quarterly earnings data on Thursday, April, 25th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.58 by $0.29. The asset manager had revenue of $620 million for the quarter, compared to analysts' expectations of $598.66 million. Lazard had a return on equity of 48.17% and a net margin of 16.72%. The company's revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. View Lazard's Earnings History.

When is Lazard's next earnings date?

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Lazard.

What price target have analysts set for LAZ?

4 equities research analysts have issued 1-year target prices for Lazard's shares. Their forecasts range from $37.00 to $52.00. On average, they expect Lazard's share price to reach $44.00 in the next year. This suggests a possible upside of 27.4% from the stock's current price. View Analyst Price Targets for Lazard.

What is the consensus analysts' recommendation for Lazard?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lazard.

Has Lazard been receiving favorable news coverage?

Press coverage about LAZ stock has been trending somewhat negative on Monday, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lazard earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave news articles about the asset manager a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Who are some of Lazard's key competitors?

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), AbbVie (ABBV), AT&T (T), Cisco Systems (CSCO), Micron Technology (MU), JPMorgan Chase & Co. (JPM), Boeing (BA), Altria Group (MO), CVS Health (CVS) and Walt Disney (DIS).

Who are Lazard's key executives?

Lazard's management team includes the folowing people:
  • Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 61)
  • Mr. Ashish Bhutani, Vice Chairman & MD (Age 59)
  • Mr. Evan L. Russo J.D., Chief Financial Officer (Age 44)
  • Mr. Alexander Franz Stern, Chief Operating Officer & CEO of Financial Advisory (Age 53)
  • Mr. Scott D. Hoffman Esq., Chief Admin. Officer, Gen. Counsel & Sec. (Age 56)

Who are Lazard's major shareholders?

Lazard's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (3.86%), BlackRock Inc. (3.65%), LSV Asset Management (2.81%), JPMorgan Chase & Co. (1.54%), Voya Investment Management LLC (1.44%) and Geode Capital Management LLC (1.06%). Company insiders that own Lazard stock include Alexander F Stern, Matthieu Bucaille and Scott D Hoffman. View Institutional Ownership Trends for Lazard.

Which major investors are selling Lazard stock?

LAZ stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., BlackRock Inc., Jennison Associates LLC, New York State Common Retirement Fund, LSV Asset Management, Macquarie Group Ltd., Thornburg Investment Management Inc. and Voya Investment Management LLC. View Insider Buying and Selling for Lazard.

Which major investors are buying Lazard stock?

LAZ stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, H2O AM LLP, Miller Howard Investments Inc. NY, Dimensional Fund Advisors LP, Renaissance Technologies LLC, JPMorgan Chase & Co., Bank of Montreal Can and Morgan Stanley. View Insider Buying and Selling for Lazard.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Lazard's stock price today?

One share of LAZ stock can currently be purchased for approximately $34.54.

How big of a company is Lazard?

Lazard has a market capitalization of $4.48 billion and generates $2.88 billion in revenue each year. The asset manager earns $527.13 million in net income (profit) each year or $4.16 on an earnings per share basis. Lazard employs 2,996 workers across the globe.

What is Lazard's official website?

The official website for Lazard is http://www.lazard.com.

How can I contact Lazard?

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]


MarketBeat Community Rating for Lazard (NYSE LAZ)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  538 (Vote Outperform)
Underperform Votes:  510 (Vote Underperform)
Total Votes:  1,048
MarketBeat's community ratings are surveys of what our community members think about Lazard and other stocks. Vote "Outperform" if you believe LAZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LAZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/20/2019 by MarketBeat.com Staff

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