Lazard Stock Price, News & Analysis (NYSE:LAZ)

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

Lazard announced a quarterly dividend on Wednesday, July 24th. Investors of record on Monday, August 5th will be paid a dividend of $0.47 per share on Friday, August 16th. This represents a $1.88 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Friday, August 2nd. View Lazard's Dividend History.

Lazard announced that its board has initiated a share repurchase plan on Thursday, October 26th 2017, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Lazard Ltd (NYSE:LAZ) posted its quarterly earnings results on Thursday, July, 25th. The asset manager reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.10. The asset manager had revenue of $630 million for the quarter, compared to analysts' expectations of $604.18 million. Lazard had a return on equity of 47.09% and a net margin of 14.42%. Lazard's revenue for the quarter was down 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 earnings per share. View Lazard's Earnings History.

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Lazard.

5 analysts have issued 1 year price objectives for Lazard's stock. Their predictions range from $36.00 to $46.00. On average, they anticipate Lazard's share price to reach $40.20 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price. View Analyst Price Targets for Lazard.

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

Press coverage about LAZ stock has been trending somewhat negative on Monday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lazard earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned press coverage about the asset manager a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Lazard.

Some companies that are related to Lazard include LEG & GEN GRP P/S (LGGNY), KKR & Co Inc (KKR), Franklin Resources (BEN), Oaktree Capital Group LLC Unit (OAK), Apollo Global Management (APO), Invesco (IVZ), Morningstar (MORN), Eaton Vance (EV), Affiliated Managers Group (AMG), Janus Henderson Group (JHG), Legg Mason (LM), Evercore (EVR), Federated Investors (FII), Ares Management (ARES) and Hamilton Lane (HLNE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Lazard investors own include Bank of America (BAC), AbbVie (ABBV), Micron Technology (MU), AT&T (T), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), Boeing (BA), CVS Health (CVS), Johnson & Johnson (JNJ) and Verizon Communications (VZ).

Lazard's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.70%), Price T Rowe Associates Inc. MD (5.12%), BlackRock Inc. (3.56%), LSV Asset Management (2.70%), JPMorgan Chase & Co. (2.41%) and RWC Asset Management LLP (1.52%). Company insiders that own Lazard stock include Alexander F Stern and Scott D Hoffman. View Institutional Ownership Trends for Lazard.

LAZ stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Bank of America Corp DE, BNP Paribas Arbitrage SA, Eaton Vance Management, Crawford Investment Counsel Inc., Bank of Montreal Can, LSV Asset Management and Morgan Stanley. View Insider Buying and Selling for Lazard.

LAZ stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Price T Rowe Associates Inc. MD, RWC Asset Management LLP, Nuveen Asset Management LLC, First Trust Advisors LP, Invesco Ltd., Lomas Capital Management LLC and H2O AM LLP. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of LAZ stock can currently be purchased for approximately $35.31.

Lazard has a market capitalization of $4.58 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.View Additional Information About Lazard.

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

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]