Should I buy or sell Lazard stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LAZ shares. View LAZ analyst ratings or view top-rated stocks .

What is Lazard's stock price target for 2024?

6 Wall Street analysts have issued 12-month price targets for Lazard's shares. Their LAZ share price targets range from $31.00 to $58.00. On average, they expect the company's stock price to reach $46.00 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price. View analysts price targets for LAZ or view top-rated stocks among Wall Street analysts .

How have LAZ shares performed in 2024?

Lazard's stock was trading at $34.80 at the start of the year. Since then, LAZ shares have increased by 8.8% and is now trading at $37.86. View the best growth stocks for 2024 here .

Are investors shorting Lazard?

Lazard saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,120,000 shares, a decrease of 27.9% from the March 15th total of 2,940,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.6% of the shares of the stock are sold short. View Lazard's Short Interest .

When is Lazard's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our LAZ earnings forecast .

How can I listen to Lazard's earnings call?

Lazard will be holding an earnings conference call on Thursday, April 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-0689.

How were Lazard's earnings last quarter?

Lazard, Inc. (NYSE:LAZ) released its quarterly earnings results on Thursday, February, 1st. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.31. The asset manager earned $825.70 million during the quarter, compared to analysts' expectations of $666.56 million. Lazard had a negative net margin of 2.93% and a positive trailing twelve-month return on equity of 16.43%. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS.

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

Lazard declared a quarterly dividend on Wednesday, January 31st. Investors of record on Monday, February 12th will be given a dividend of $0.50 per share on Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Friday, February 9th. Read our dividend analysis for LAZ .

Is Lazard a good dividend stock?

Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 5.39%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for LAZ .

What ETFs hold Lazard's stock?

ETFs with the largest weight of Lazard (NYSE:LAZ) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE) , Invesco KBW High Dividend Yield Financial ETF (KBWD) , iShares Factors US Value Style ETF (STLV) , Cultivar ETF (CVAR) , Schwab Ariel ESG ETF (SAEF) and AB US High Dividend ETF (HIDV) . iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) .

What is Kenneth M. Jacobs' approval rating as Lazard's CEO?

96 employees have rated Lazard Chief Executive Officer Kenneth M. Jacobs on Glassdoor.com . Kenneth M. Jacobs has an approval rating of 98% among the company's employees. This puts Kenneth M. Jacobs in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

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) , AT&T (T) , AbbVie (ABBV) , Cisco Systems (CSCO) , Walt Disney (DIS) , JPMorgan Chase & Co. (JPM) , Enterprise Products Partners (EPD) , Micron Technology (MU) , CVS Health (CVS) and QUALCOMM (QCOM) .

Who are Lazard's major shareholders?

Lazard's stock is owned by many different institutional and retail investors. Top institutional investors include O Keefe Stevens Advisory Inc. (0.18%), Gilman Hill Asset Management LLC (0.01%), O ROURKE & COMPANY Inc (0.01%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Alexander F Stern , Dominick Ragone , Evan L Russo, Michael Gathy and Scott D Hoffman . View institutional ownership trends .

How do I buy shares of Lazard?

Shares of LAZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:LAZ

Lazard (LAZ) Stock Price, News & Analysis

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Free LAZ Stock Alerts

$37.86

+0.42 (+1.12%)

(As of 04/18/2024 ET)

Compare

Today's Range: $37.46
▼
$38.08
50-Day Range: $37.15
▼
$41.87
52-Week Range: $25.82
▼
$42.24

Volume: 414,116 shs
Average Volume: 1.20 million shs
Market Capitalization: $4.27 billion

P/E Ratio: N/A
Dividend Yield: 5.28%
Price Target: $46.00

Get Lazard alerts:

Lazard MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 21.5% Upside
$46.00 Price Target
Short Interest: Healthy
2.63% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.64
Upright™ Environmental Score
News Sentiment: 0.03
Based on 29 Articles This Week
Insider Trading: Selling Shares
$2.97 M Sold Last Quarter
Proj. Earnings Growth: 37.89%
From $3.22 to $4.44 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.30 out of 5 stars

Finance Sector

225th out of 822 stocks

Investment Advice Industry

14th out of 44 stocks

2.3

Analyst's Opinion

Consensus Rating
Lazard has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 1 hold rating, and 1 sell rating.
Amount of Analyst Coverage
Lazard has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.63% of the float of Lazard has been sold short.
Short Interest Ratio / Days to Cover
Lazard has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Lazard has recently decreased by 27.89%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Lazard is a leading dividend payer. It pays a dividend yield of 5.39%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Lazard does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Lazard will have a dividend payout ratio of 45.05% next year. This indicates that Lazard will be able to sustain or increase its dividend.

2.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Lazard has received a 8.21% net impact score from Upright. Lazard seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Societal infrastructure". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Personal investment advisory services", "Mergers and acquisition advisory services", and "Ownership restructuring services" products. See details.
Environmental Sustainability
The Environmental Impact score for Lazard is -0.64.

2.8

News and Social Media Coverage

News Sentiment
Lazard has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 29 news articles for Lazard this week, compared to 13 articles on an average week.
Search Interest
11 people have searched for LAZ on MarketBeat in the last 30 days. This is an increase of 57% compared to the previous 30 days.
MarketBeat Follows
73 people have added Lazard to their MarketBeat watchlist in the last 30 days. This is an increase of 97% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lazard insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,965,580.00 in company stock.
Percentage Held by Insiders
Only 3.86% of the stock of Lazard is held by insiders.
Percentage Held by Institutions
54.80% of the stock of Lazard is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Lazard are expected to grow by 37.89% in the coming year, from $3.22 to $4.44 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lazard is -39.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lazard is -39.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Lazard has a P/B Ratio of 8.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Lazard Stock (NYSE:LAZ)

Lazard, Inc., together with its subsidiaries, operates as a financial advisory and asset management firm in North and South America, Europe, the Middle East, Asia, and Australia. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical advisory, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services. This segment offers its services to corporate, partnership, institutional, government, sovereign, and individual clients to various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, real estate, technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions; investment and wealth management services in equity and fixed income strategies; asset allocation 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, Inc. was incorporated in 1848 and is headquartered in New York, New York.

LAZ Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LAZ Stock News Headlines

April 18, 2024 | msn.com

New York Jets Trade First-Round Pick, Allen Lazard In Mock Draft

April 18, 2024 | broncoswire.usatoday.com

8 teams who could trade for Broncos WR Courtland Sutton

April 19, 2024 | Paradigm Press (Ad)

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April 18, 2024 | msn.com

Jets might have a tough call to make between a playmaker or protection at No. 10 in the NFL draft

April 18, 2024 | msn.com

Lazard Partners With Elaia To Launch European Tech Investment Powerhouse

April 18, 2024 | markets.businessinsider.com

Lazard, Elaia Partners In Deal To Form French Asset Management Firm Lazard Elaia Capital

April 18, 2024 | americanbankingnews.com

Lazard (LAZ) Scheduled to Post Earnings on Thursday

April 18, 2024 | businesswire.com

Lazard and Elaia Partners Form Strategic Partnership, Including the Launch of Lazard Elaia Capital, a Technology Focused Private Equity Investment Platform

April 19, 2024 | Paradigm Press (Ad)

AI “wealth window” is closing soon!

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April 17, 2024 | ftw.usatoday.com

The biggest 2024 Draft needs for all 32 NFL teams

April 17, 2024 | msn.com

Jets depth chart projection heading into NFL Draft: Strengths, weaknesses, needs

April 17, 2024 | msn.com

Jury selection resumes in Trump's hush money criminal trial

April 17, 2024 | msn.com

Jets seven-round mock draft 3.0: Gang Green trades pick No. 10

April 16, 2024 | bloomberg.com

Lazard's Tim Donahue on Keeping the Capital Flowing

April 16, 2024 | finance.yahoo.com

Further weakness as Lazard (NYSE:LAZ) drops 8.9% this week, taking three-year losses to 4.9%

April 15, 2024 | americanbankingnews.com

Q1 2024 Earnings Estimate for Lazard, Inc. (NYSE:LAZ) Issued By Seaport Res Ptn

April 14, 2024 | msn.com

Sadiq Khan under fire after snubbing hustings for deaf and disabled

April 14, 2024 | msn.com

How the #1 picks for 2024 are tracking (and the stock up 67%)

April 14, 2024 | msn.com

Three Quarterbacks With the Most at Stake in the NFL Draft

April 13, 2024 | americanbankingnews.com

Morgan Stanley Reiterates "Overweight" Rating for Lazard (NYSE:LAZ)

April 13, 2024 | americanbankingnews.com

Seaport Res Ptn Equities Analysts Lower Earnings Estimates for Lazard, Inc. (NYSE:LAZ)

April 12, 2024 | businesswire.com

Lazard to Announce First Quarter 2024 Financial Results

April 12, 2024 | msn.com

Patriots 'Unwilling' To Trade Down In Draft? - NFL Tracker

April 12, 2024 | msn.com

Jets QB Aaron Rodgers Opens Up About The Moment He Thought His NFL Career Was Over

April 12, 2024 | msn.com

Vertex to Pay $4.9 Billion for Kidney Disease Drug Developer

April 12, 2024 | msn.com

Some Fed officials worry inflation remains stubbornly high, minutes show

April 10, 2024 | morningstar.com

Lazard US Equity Concentrated Open

See More Headlines

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Company Calendar

Last Earnings: 2/01/2024
Ex-Dividend for 2/23 Dividend: 2/09/2024
Dividend Payable: 2/23/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Investment advice
Sub-Industry: Investment Banking & Brokerage
Current Symbol: NYSE:LAZ
CUSIP: G5405010
CIK: 1311370
Web: www.lazard.com
Phone: (212) 632-6000
Fax: 441-292-4720
Employees: 3,291
Year Founded: 1848

Price Target and Rating

Average Stock Price Target: $46.00
High Stock Price Target: $58.00
Low Stock Price Target: $31.00
Potential Upside/Downside: +21.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.97)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 11.72
P/E Growth: N/A
Net Income: $-75,480,000.00
Net Margins: -2.93%
Pretax Margin: -3.18%
Return on Equity: 16.43%
Return on Assets: 1.66%

Debt

Debt-to-Equity Ratio: 3.51
Current Ratio: 1.62
Quick Ratio: 1.62

Sales & Book Value

Annual Sales: $2.52 billion
Price / Sales: 1.69
Cash Flow: $4.94 per share
Price / Cash Flow: 7.64
Book Value: $4.28 per share
Price / Book: 8.82

Miscellaneous

Outstanding Shares: 112,770,000
Free Float: 108,413,000
Market Cap: $4.26 billion
Optionable: Optionable
Beta: 1.46

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Key Executives

Mr. Kenneth Marc Jacobs (Age 65)
Executive Chairman
Comp: $2.97M
Mr. Peter R. Orszag (Age 55)
CEO & Director
Comp: $5.04M
Mr. Michael Gathy
MD & Chief Accounting Officer
Mr. Pierre Tattevin (Age 67)
Managing Director
Ms. Alexandra M. Deignan
Head of Investor Relations
Mr. Christian A. Weideman (Age 48)
General Counsel
Ms. Shannon Houston
Global Head of Communications & Marketing
Mr. David S. Kurtz
Vice Chairman of U.S. Investment Banking & Head of Global Restructuring
Mr. Mark McMaster
Global Head of M&A
Mr. William H. Riddle Jr.
Chairman of the Private Capital Advisory Business

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LAZ Stock Analysis - Frequently Asked Questions

Should I buy or sell Lazard stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lazard in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LAZ shares.
View LAZ analyst ratings or view top-rated stocks.
What is Lazard's stock price target for 2024?: 6 Wall Street analysts have issued 12-month price targets for Lazard's shares. Their LAZ share price targets range from $31.00 to $58.00. On average, they expect the company's stock price to reach $46.00 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price.
View analysts price targets for LAZ or view top-rated stocks among Wall Street analysts.
How have LAZ shares performed in 2024?: Lazard's stock was trading at $34.80 at the start of the year. Since then, LAZ shares have increased by 8.8% and is now trading at $37.86.
View the best growth stocks for 2024 here.
Are investors shorting Lazard?: Lazard saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,120,000 shares, a decrease of 27.9% from the March 15th total of 2,940,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.6% of the shares of the stock are sold short.
View Lazard's Short Interest.
When is Lazard's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our LAZ earnings forecast.
How can I listen to Lazard's earnings call?: Lazard will be holding an earnings conference call on Thursday, April 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-0689.
How were Lazard's earnings last quarter?: Lazard, Inc. (NYSE:LAZ) released its quarterly earnings results on Thursday, February, 1st. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.31. The asset manager earned $825.70 million during the quarter, compared to analysts' expectations of $666.56 million. Lazard had a negative net margin of 2.93% and a positive trailing twelve-month return on equity of 16.43%. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS.
How often does Lazard pay dividends? What is the dividend yield for Lazard?: Lazard declared a quarterly dividend on Wednesday, January 31st. Investors of record on Monday, February 12th will be given a dividend of $0.50 per share on Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Friday, February 9th.
Read our dividend analysis for LAZ.

Is Lazard a good dividend stock?: Lazard (NYSE:LAZ) pays an annual dividend of $2.00 per share and currently has a dividend yield of 5.39%. LAZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for LAZ.
What ETFs hold Lazard's stock?: ETFs with the largest weight of Lazard (NYSE:LAZ) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), Invesco KBW High Dividend Yield Financial ETF (KBWD), iShares Factors US Value Style ETF (STLV), Cultivar ETF (CVAR), Schwab Ariel ESG ETF (SAEF) and AB US High Dividend ETF (HIDV).iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).
What is Kenneth M. Jacobs' approval rating as Lazard's CEO?: 96 employees have rated Lazard Chief Executive Officer Kenneth M. Jacobs on Glassdoor.com. Kenneth M. Jacobs has an approval rating of 98% among the company's employees. This puts Kenneth M. Jacobs in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.
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), AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Enterprise Products Partners (EPD), Micron Technology (MU), CVS Health (CVS) and QUALCOMM (QCOM).
Who are Lazard's major shareholders?: Lazard's stock is owned by many different institutional and retail investors. Top institutional investors include O Keefe Stevens Advisory Inc. (0.18%), Gilman Hill Asset Management LLC (0.01%), O ROURKE & COMPANY Inc (0.01%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Alexander F Stern, Dominick Ragone, Evan L Russo, Michael Gathy and Scott D Hoffman.
View institutional ownership trends.
How do I buy shares of Lazard?: Shares of LAZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LAZ) was last updated on 4/19/2024 by MarketBeat.com Staff

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Lazard (LAZ) Stock Price, News & Analysis

Lazard MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Lazard Stock (NYSE:LAZ)

LAZ Stock Price History

LAZ Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

LAZ Stock Analysis - Frequently Asked Questions

Overall MarketRank^™