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. Shareholders of record on Monday, August 5th will be given a dividend of $0.47 per share on Friday, August 16th. This represents a $1.88 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, August 2nd. View Lazard's Dividend History.

Lazard announced that its Board of Directors has approved a stock repurchase program on Thursday, October 26th 2017, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board 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 (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.10. The asset manager had revenue of $630 million for the quarter, compared to analyst estimates of $604.18 million. Lazard had a return on equity of 47.09% and a net margin of 14.42%. The firm's quarterly revenue was down 15.0% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. View Lazard's Earnings History.

Lazard is scheduled to release their next quarterly earnings announcement on Thursday, October 31st 2019. View Earnings Estimates for Lazard.

Lazard will be holding an earnings conference call on Thursday, October 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

5 brokerages have issued 1 year price targets for Lazard's shares. Their forecasts range from $36.00 to $46.00. On average, they expect Lazard's stock price to reach $40.00 in the next twelve months. This suggests a possible upside of 9.4% 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.

News headlines about LAZ stock have trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lazard earned a media sentiment score of -2.6 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Lazard.

Lazard saw a decline in short interest in the month of September. As of September 30th, there was short interest totalling 3,710,000 shares, a decline of 17.9% from the August 30th total of 4,520,000 shares. Based on an average daily volume of 737,800 shares, the short-interest ratio is currently 5.0 days. Currently, 3.6% of the company's stock are short sold. View Lazard's Current Options Chain.

Some companies that are related to Lazard include KKR & Co Inc (KKR), Franklin Resources (BEN), Oaktree Capital Group LLC Unit (OAK), Apollo Global Management (APO), Invesco (IVZ), Morningstar (MORN), Eaton Vance (EV), Janus Henderson Group (JHG), Affiliated Managers Group (AMG), Federated Investors (FII), Ares Management (ARES), Legg Mason (LM), Evercore (EVR), Houlihan Lokey (HLI) and MAN GRP PLC/ADR (MNGPY).

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), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Boeing (BA), CVS Health (CVS) and General Electric (GE).

Lazard's stock is owned by a variety of of retail and institutional investors. Top institutional investors include North Star Investment Management Corp. (0.10%), Evanson Asset Management LLC (0.02%) and Gofen & Glossberg LLC IL (0.02%). 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 Gofen & Glossberg LLC IL. View Insider Buying and Selling for Lazard.

LAZ stock was bought by a variety of institutional investors in the last quarter, including North Star Investment Management Corp. and Evanson Asset Management 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, Robinhood, Fidelity and Charles Schwab.

One share of LAZ stock can currently be purchased for approximately $36.57.

Lazard has a market capitalization of $3.91 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]