Lazard (LAZ) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LAZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LAZ, but not buy additional shares or sell existing shares.
View LAZ analyst ratings or view top-rated stocks.

5 brokerages have issued 1 year price objectives for Lazard's stock. Their LAZ share price forecasts range from $30.00 to $53.00. On average, they expect the company's share price to reach $39.80 in the next twelve months. This suggests a possible upside of 29.3% from the stock's current price.
View analysts price targets for LAZ or view top-rated stocks among Wall Street analysts.

Lazard's stock was trading at $34.67 at the start of the year. Since then, LAZ stock has decreased by 11.2% and is now trading at $30.78.
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Lazard saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,710,000 shares, an increase of 6.3% from the April 15th total of 2,550,000 shares. Based on an average daily volume of 745,700 shares, the days-to-cover ratio is currently 3.6 days. Approximately 2.5% of the shares of the stock are short sold.
View Lazard's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our LAZ earnings forecast.

Lazard Ltd (NYSE:LAZ) posted its quarterly earnings data on Friday, April, 28th. The asset manager reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $0.30 by $0.56. The asset manager earned $561.20 million during the quarter, compared to analysts' expectations of $549.62 million. Lazard had a net margin of 8.20% and a trailing twelve-month return on equity of 36.72%. The firm's revenue was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share.

Lazard announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Monday, May 8th will be given a dividend of $0.50 per share on Friday, May 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Friday, May 5th.
Read our dividend analysis for LAZ.

ETFs with the largest weight of Lazard (NYSE:LAZ) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), Schwab Ariel ESG ETF (SAEF), iShares Factors US Value Style ETF (STLV), SPDR S&P Capital Markets ETF (KCE), Invesco KBW High Dividend Yield Financial ETF (KBWD), Cultivar ETF (CVAR), First Trust Financial AlphaDEX Fund (FXO) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM).

Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 6.87%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 93.02%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LAZ will have a dividend payout ratio of 51.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LAZ.

96 employees have rated Lazard Chief Executive Officer Kenneth M. Jacobs on Glassdoor.com. Kenneth M. Jacobs has an approval rating of 98% among the company's employees. This puts Kenneth M. Jacobs in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

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), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Enterprise Products Partners (EPD), Micron Technology (MU), CVS Health (CVS) and QUALCOMM (QCOM).

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

Lazard's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (8.22%), BlackRock Inc. (4.28%), Charles Schwab Investment Management Inc. (2.34%), Southeastern Asset Management Inc. TN (2.02%), Epoch Investment Partners Inc. (1.99%) and Fisher Asset Management LLC (1.91%). Insiders that own company stock include Alexander F Stern, Dominick Ragone, Scott D Hoffman and Scott D Hoffman.
View institutional ownership trends.

Shares of LAZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LAZ stock can currently be purchased for approximately $30.78.

Lazard (NYSE:LAZ) has a market capitalization of $3.47 billion and generates $2.86 billion in revenue each year. The asset manager earns $357.52 million in net income (profit) each year or $2.15 on an earnings per share basis.

The company employs 3,402 workers across the globe.

Lazard's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM II. The official website for the company is www.lazard.com. The asset manager can be reached via phone at (212) 632-6000, via email at alexandra.deignan@lazard.com, or via fax at 441-292-4720.