NYSE:LAZ - Lazard Stock Price, Price Target & More

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$50.03 -0.06 (-0.12 %)
(As of 07/15/2018 03:07 PM ET)
Previous Close$50.03
Today's Range$49.33 - $50.15
52-Week Range$40.50 - $60.00
Volume797,136 shs
Average Volume601,254 shs
Market Capitalization$6.49 billion
P/E Ratio13.24
Dividend Yield3.52%
Beta1.84
Lazard logoLazard 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

Stock Exchange NYSE
Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
SymbolNYSE:LAZ
CUSIPG5405010
Phone441-295-1422

Debt

Debt-to-Equity Ratio1.13
Current Ratio1.97
Quick Ratio1.97

Price-To-Earnings

Trailing P/E Ratio13.24
Forward P/E Ratio11.27
P/E Growth1.13

Sales & Book Value

Annual Sales$2.70 billion
Price / Sales2.41
Cash Flow$6.9390 per share
Price / Cash7.21
Book Value$9.70 per share
Price / Book5.16

Profitability

EPS (Most Recent Fiscal Year)$3.78
Net Income$253.58 million
Net Margins10.81%
Return on Equity44.63%
Return on Assets11.70%

Miscellaneous

Employees2,843
Outstanding Shares129,770,000
Market Cap$6,492.19

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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 25th. Stockholders of record on Monday, May 7th will be paid a dividend of $0.44 per share on Friday, May 18th. This represents a $1.76 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Friday, May 4th. This is an increase from Lazard's previous quarterly dividend of $0.12. View Lazard's Dividend History.

How will Lazard's stock buyback program work?

Lazard declared that its board has approved a stock buyback program on Thursday, October 26th 2017, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) announced its quarterly earnings data on Thursday, April, 26th. The asset manager reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.22. The asset manager had revenue of $724 million for the quarter, compared to analysts' expectations of $652.99 million. Lazard had a net margin of 10.81% and a return on equity of 44.63%. Lazard's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 earnings per share. 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, 26th 2018. View Earnings Estimates for Lazard.

What price target have analysts set for LAZ?

8 Wall Street analysts have issued 12-month price targets for Lazard's shares. Their forecasts range from $40.00 to $67.00. On average, they anticipate Lazard's stock price to reach $60.2857 in the next year. This suggests a possible upside of 20.5% from the stock's current price. View Analyst Ratings for Lazard.

What is the consensus analysts' recommendation for Lazard?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Who are some of Lazard's key competitors?

Who are Lazard's key executives?

Lazard's management team includes the folowing people:
  • Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 60)
  • Mr. Ashish Bhutani, Vice Chairman & Managing Director (Age 58)
  • Mr. Evan L. Russo J.D., Chief Financial Officer (Age 43)
  • Mr. Alexander Franz Stern, Chief Operating Officer & CEO of Financial Advisory (Age 52)
  • Mr. Scott D. Hoffman Esq., Chief Admin. Officer, MD, Gen. Counsel & Sec. (Age 55)

Has Lazard been receiving favorable news coverage?

Media coverage about LAZ stock has trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lazard earned a media sentiment score of 0.13 on Accern's scale. They also assigned news headlines about the asset manager an impact score of 46.76 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Who are Lazard's major shareholders?

Lazard's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.11%), NN Investment Partners Holdings N.V. (0.07%), Summit Financial Wealth Advisors LLC (0.05%), Columbia Partners L L C Investment Management (0.03%), State of Alaska Department of Revenue (0.02%) and Gofen & Glossberg LLC IL (0.02%). 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.

Which institutional investors are selling Lazard stock?

LAZ stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Clinton Group Inc. and NN Investment Partners Holdings N.V.. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern and Scott D Hoffman. View Insider Buying and Selling for Lazard.

Which institutional investors are buying Lazard stock?

LAZ stock was purchased by a variety of institutional investors in the last quarter, including Gofen & Glossberg LLC IL, Summit Financial Wealth Advisors LLC, Osborn Williams & Donohoe LLC, Polianta Ltd, Columbia Partners L L C Investment Management, Denali Advisors LLC, State of Alaska Department of Revenue and Contravisory Investment Management Inc.. 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 $50.03.

How big of a company is Lazard?

Lazard has a market capitalization of $6.49 billion and generates $2.70 billion in revenue each year. The asset manager earns $253.58 million in net income (profit) each year or $3.78 on an earnings per share basis. Lazard employs 2,843 workers across the globe.

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:  476 (Vote Outperform)
Underperform Votes:  426 (Vote Underperform)
Total Votes:  902
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 7/15/2018 by MarketBeat.com Staff

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