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

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

Lazard announced a quarterly dividend on Thursday, January 18th. Stockholders of record on Monday, February 12th will be given a dividend of $0.116 per share on Friday, February 23rd. This represents a $0.46 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, February 9th. View Lazard's Dividend History.

Lazard declared that its board has authorized a share buyback plan on Thursday, October 26th 2017, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Lazard (NYSE:LAZ) issued its earnings results on Thursday, February, 1st. The asset manager reported $1.12 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.92 by $0.20. The asset manager earned $683 million during the quarter, compared to analyst estimates of $658.86 million. Lazard had a net margin of 9.40% and a return on equity of 38.93%. The firm's quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS. View Lazard's Earnings History.

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, April, 26th 2018. View Earnings Estimates for Lazard.

9 analysts have issued 1-year price objectives for Lazard's shares. Their predictions range from $40.00 to $67.00. On average, they expect Lazard's share price to reach $58.8750 in the next twelve months. View Analyst Ratings for Lazard.

Lazard saw a decline in short interest in the month of March. As of March 29th, there was short interest totalling 1,982,066 shares, a decline of 36.2% from the March 15th total of 3,108,839 shares. Based on an average trading volume of 1,151,936 shares, the short-interest ratio is currently 1.7 days. Approximately 1.6% of the company's stock are short sold.

Some companies that are related to Lazard include Invesco (IVZ), KKR & Co. L.P. (KKR), Affiliated Managers Group (AMG), Eaton Vance (EV), Henderson Group (JHG), Oaktree Capital Management (OAK), Apollo Global Management (APO), Morningstar (MORN), Man Group (MNGPY), Evercore Partners (EVR), Legg Mason (LM), Federated Investors (FII), Houlihan Lokey (HLI), Moelis & Company (MC), Noah (NOAH), Artisan Partners Asset (APAM), AllianceBernstein (AB) and Financial Engines (FNGN).

News articles about LAZ stock have trended somewhat positive this week, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lazard earned a coverage optimism score of 0.20 on Accern's scale. They also gave headlines about the asset manager an impact score of 46.82 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

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.

One share of LAZ stock can currently be purchased for approximately $52.96.

Lazard has a market capitalization of $6.86 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.

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]