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 Wednesday, April 25th. Investors of record on Monday, May 7th will be given a dividend of $0.44 per share on Friday, May 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, May 4th. This is a boost from Lazard's previous quarterly dividend of $0.12. View Lazard's Dividend History.

Lazard announced that its Board of Directors has initiated a share repurchase plan 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 purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

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

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

8 brokers have issued twelve-month price objectives for Lazard's stock. Their forecasts range from $40.00 to $67.00. On average, they expect Lazard's stock price to reach $60.2857 in the next year. This suggests a possible upside of 19.4% from the stock's current price. View Analyst Ratings 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."

Some companies that are related to Lazard include Blackstone Group (BX), Leg & Gen Grp P/S (LGGNY), Ameriprise Financial (AMP), Franklin Resources (BEN), KKR & Co. L.P. Unit (KKR), Invesco (IVZ), Affiliated Managers Group (AMG), Apollo Global Management LLC Class A (APO), Oaktree Capital Group (OAK), Eaton Vance (EV), Janus Henderson Group (JHG), Morningstar (MORN), Evercore (EVR), MAN Grp PLC/ADR (MNGPY) and Houlihan Lokey (HLI).

News coverage about LAZ stock has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lazard earned a daily sentiment score of 0.02 on Accern's scale. They also assigned news headlines about the asset manager an impact score of 45.15 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Lazard's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (1.11%), Bank of Montreal Can (0.33%), NN Investment Partners Holdings N.V. (0.07%), Summit Financial Wealth Advisors LLC (0.05%), Columbia Partners L L C Investment Management (0.03%) and State of Alaska Department of Revenue (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.

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.

LAZ stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Gofen & Glossberg LLC IL, Summit Financial Wealth Advisors LLC, Osborn Williams & Donohoe LLC, Polianta Ltd, Capital One National Association, Columbia Partners L L C Investment Management and Denali Advisors LLC. 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, Scottrade, Fidelity and Charles Schwab.

One share of LAZ stock can currently be purchased for approximately $50.47.

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.

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]