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NYSE:LAZLazard Stock Price, Forecast & News

$28.31
+0.04 (+0.14 %)
(As of 07/13/2020 04:00 PM ET)
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Compare
Today's Range
$28.06
Now: $28.31
$28.95
50-Day Range
$25.55
MA: $28.81
$33.00
52-Week Range
$20.94
Now: $28.31
$44.95
Volume429,776 shs
Average Volume847,631 shs
Market Capitalization$2.97 billion
P/E Ratio12.99
Dividend Yield6.65%
Beta1.77
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients. The company's Asset Management segment offers a range of investment solutions and investment management services in equity and fixed income strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard Ltd was founded in 1848 and is based in Hamilton, Bermuda.
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Lazard logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.9Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.55 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryInvestment Banking & Brokerage
SectorFinance
CUSIPG5405010
Phone441-295-1422

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.67 billion
Cash Flow$7.69 per share
Book Value$6.49 per share

Profitability

Net Income$286.50 million

Miscellaneous

Employees3,018
Market Cap$2.97 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Lazard (NYSE:LAZ) Frequently Asked Questions

How has Lazard's stock been impacted by COVID-19 (Coronavirus)?

Lazard's stock was trading at $29.62 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LAZ stock has decreased by 4.4% and is now trading at $28.31. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Lazard?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Lazard.

When is Lazard's next earnings date?

Lazard is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Lazard.

How were Lazard's earnings last quarter?

Lazard Ltd (NYSE:LAZ) announced its quarterly earnings data on Thursday, April, 30th. The asset manager reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.62 by $0.04. The asset manager earned $563 million during the quarter, compared to analyst estimates of $585.73 million. Lazard had a return on equity of 52.29% and a net margin of 9.89%. Lazard's revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 EPS. View Lazard's earnings history.

How often does Lazard pay dividends? What is the dividend yield for Lazard?

Lazard announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.47 per share on Friday, May 22nd. This represents a $1.88 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend is Friday, May 8th. View Lazard's dividend history.

What price target have analysts set for LAZ?

9 equities research analysts have issued twelve-month price targets for Lazard's shares. Their forecasts range from $24.00 to $48.00. On average, they anticipate Lazard's share price to reach $34.63 in the next twelve months. This suggests a possible upside of 22.3% from the stock's current price. View analysts' price targets for Lazard.

Has Lazard been receiving favorable news coverage?

Media stories about LAZ stock have trended very negative on Monday, InfoTrie reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Lazard earned a news impact score of -3.2 on InfoTrie's scale. They also gave news headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Lazard.

Are investors shorting Lazard?

Lazard saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,420,000 shares, a decline of 13.6% from the June 15th total of 3,960,000 shares. Based on an average daily trading volume, of 779,400 shares, the days-to-cover ratio is presently 4.4 days. Currently, 3.4% of the shares of the stock are short sold. View Lazard's Current Options Chain.

Who are some of Lazard's key competitors?

What other stocks do shareholders of Lazard own?

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

Who are Lazard's key executives?

Lazard's management team includes the following people:
  • Mr. Kenneth Marc Jacobs, Chairman & CEO (Age 61)
  • Mr. Ashish Bhutani, Vice Chairman & MD (Age 59)
  • Mr. Evan L. Russo J.D., Chief Financial Officer (Age 44)
  • Mr. Alexander Franz Stern, Chief Operating Officer & CEO of Financial Advisory (Age 53)
  • Mr. Scott D. Hoffman Esq., Chief Admin. Officer, Gen. Counsel & Sec. (Age 56)

What is Lazard's stock symbol?

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

Who are Lazard's major shareholders?

Lazard's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Evanson Asset Management LLC (0.03%), Gofen & Glossberg LLC IL (0.01%), Envestnet Asset Management Inc. (0.01%) and Spirit of America Management Corp NY (0.00%). Company insiders that own Lazard stock include Alexander F Stern, Dominick Ragone and Scott D Hoffman. View institutional ownership trends for Lazard.

Which institutional investors are selling Lazard stock?

LAZ stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY, Envestnet Asset Management Inc., and Gofen & Glossberg LLC IL. Company insiders that have sold Lazard company stock in the last year include Alexander F Stern, Dominick Ragone, and Scott D Hoffman. View insider buying and selling activity for Lazard.

Which institutional investors are buying Lazard stock?

LAZ stock was acquired by a variety of institutional investors in the last quarter, including Evanson Asset Management LLC. View insider buying and selling activity for Lazard.

How do I buy shares of 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.

What is Lazard's stock price today?

One share of LAZ stock can currently be purchased for approximately $28.31.

How big of a company is Lazard?

Lazard has a market capitalization of $2.97 billion and generates $2.67 billion in revenue each year. The asset manager earns $286.50 million in net income (profit) each year or $3.28 on an earnings per share basis. Lazard employs 3,018 workers across the globe.

What is Lazard's official website?

The official website for Lazard is www.lazard.com.

How can I contact Lazard?

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]

This page was last updated on 7/13/2020 by MarketBeat.com Staff

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