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Lazard (LAZ)
NYSE:LAZ
Holding LAZ?
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LAZ Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$26.51 - $61.14
Previous Close$57.12
Volume796.97K
Average Volume (3M)697.98K
Market Cap
$5.17B
Enterprise Value$7.68B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$2.37B
Price to Earnings (P/E)22.7
Beta1.12
Next Earnings
Jan 30, 2025EPS Estimate
$0.69Last Dividend Ex-Date
Nov 08, 2024Dividend Yield3.64%
Share Statistics
EPS (TTM)2.51
Shares Outstanding112,766,091
10 Day Avg. Volume760,844
30 Day Avg. Volume697,981
Standard Deviation0.10
R-Squared0.48
Alpha-0.00067
Financial Highlights & Ratios
Price to Book (P/B)9.92
Price to Sales (P/S)2.03
Price to Cash Flow (P/CF)5.30
P/FCF Ratio5.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.77
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$56.17Price Target Upside-2.65% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Lazard News
PremiumCompany Announcements
Lazard Ltd. Reports Strong Third Quarter Growth
PremiumPre-Earnings
Lazard Ltd. (LAZ) Q3 Earnings Cheat Sheet
Bulls Say, Bears Say
Bulls Say
Dividend YieldLazard offers a best-in-class dividend yield of 3.8% in the IAF space, notably higher than the peer average of 1.9%, making it an attractive option for income-focused investors.
M&A ActivityA rebound in M&A activity, with increasing private equity involvement and a rise in sponsor take-private deals, highlights a positive outlook for Lazard's advisory services.
Stock PerformanceLazard's stock has significantly outperformed the S&P Financials Index, rising 36.4% since the close following 1Q24 earnings, showcasing strong market confidence in the company's prospects.
Bears Say
Asset Management PerformanceMonthly net outflows accelerated to $7.5BN, with QTD net outflows of ~$11.1BN more than double current Consensus 3Q estimates of -$5BN.
Fee Structure And Earnings ChallengesThe ongoing mix shift continues to push the fee rate down, despite expectations of less impact this quarter, contributing to uncertainty in the Asset Management business's flow and profitability.
Market And Currency ImpactRecent USD strength presents a headwind, exacerbating the negative market impact of -$4.4BN compared to a positive impact of +$3.0BN the prior month.
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Ownership Overview
2.40% Insiders
36.57% Mutual Funds
24.28% Other Institutional Investors
17.58% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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LAZ FAQ
What was Lazard’s price range in the past 12 months?
Lazard lowest stock price was $26.50 and its highest was $61.14 in the past 12 months.
What is Lazard’s market cap?
Currently, no data Available
When is Lazard’s upcoming earnings report date?
Lazard’s upcoming earnings report date is Jan 30, 2025 which is in 68 days.
How were Lazard’s earnings last quarter?
Lazard released its earnings results on Oct 31, 2024. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by -$0.01.
Is Lazard overvalued?
According to Wall Street analysts Lazard’s price is currently Overvalued.
Does Lazard pay dividends?
Lazard pays a Quarterly dividend of $0.5 which represents an annual dividend yield of 3.64%. See more information on Lazard dividends here
What is Lazard’s EPS estimate?
Lazard’s EPS estimate is $0.69.
How many shares outstanding does Lazard have?
Lazard has 90,469,770 shares outstanding.
What happened to Lazard’s price movement after its last earnings report?
Lazard reported an EPS of $0.38 in its last earnings report, missing expectations of $0.39. Following the earnings report the stock price went up 4.536%.
Which hedge fund is a major shareholder of Lazard?
Among the largest hedge funds holding Lazard’s share is Ariel Investments LLC. It holds Lazard’s shares valued at 310M.
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Lazard Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$56.17 (-2.65% Downside)
$56.17 (-2.65% Downside)
Blogger Sentiment
Bullish
LAZ Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 455.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.2%
Last 30 Days ▲ 17.8%
Last 30 Days ▲ 17.8%
Technicals
SMA
Positive
20 days / 200 days
Momentum
124.33%
12-Months-Change
Fundamentals
Return on Equity
50.92%
Trailing 12-Months
Asset Growth
12.21%
Trailing 12-Months
Company Description
Lazard
Lazard Ltd. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.
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LAZ Company Deck
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LAZ Earnings Call
Q3 2024
0:00 / 0:00
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LAZ Net revenue Breakdown
55.07% Financial Advisory
45.78% Asset management
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LAZ Stock 12 Month Forecast
Average Price Target
$56.17
▼(-2.65% Downside)
Technical Analysis
Best Analysts Covering LAZ
1 Year
1 Year Success Rate
11/11 ratings generated profit
1 Year Average Return
+35.30%
reiterated a buy rating 11 days ago
Copying Ryan Kenny's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +35.30% per trade.
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