Lazard, Inc. (LAZ)

NYSE: LAZ · Real-Time Price · USD
54.95
-0.05 (-0.09%)
Nov 20, 2024, 4:00 PM EST - Market closed
-0.09%
Market Cap 4.97B
Revenue (ttm) 3.05B
Net Income (ttm) 250.91M
Shares Out 90.47M
EPS (ttm) 2.55
PE Ratio 21.51
Forward PE 16.32
Dividend $2.00 (3.64%)
Ex-Dividend Date Nov 8, 2024
Volume 397,619
Open 54.81
Previous Close 55.00
Day's Range 54.30 - 55.27
52-Week Range 26.51 - 61.14
Beta 1.36
Analysts Hold
Price Target 53.00 (-3.55%)
Earnings Date Oct 31, 2024

About 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. Th... [Read more]

Industry Capital Markets
Sector Financials
IPO Date May 5, 2005
Employees 3,291
Stock Exchange NYSE
Ticker Symbol LAZ
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for LAZ stock is "Hold." The 12-month stock price forecast is $53.0, which is a decrease of -3.55% from the latest price.

Price Target
$53.0
(-3.55% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Lazard Hires Jennifer Tedesko as Managing Director; Expands Private Capital Advisory Business on West Coast

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Jennifer (Jen) Tedesko joined the firm as a Managing Director within the Private Capital Advisory (PCA) busines...

2 days ago - Business Wire

Parametric Expands Custom Active Platform With Additional Strategies From Capital Group, MSIM and New Partner Lazard Asset Management

SEATTLE--(BUSINESS WIRE)--Parametric Portfolio Associates LLC (Parametric), part of Morgan Stanley Investment Management (MSIM), is pleased to announce Lazard Asset Management as a new partner for the...

8 days ago - Business Wire

Lazard Reports October 2024 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2024 totaled approximately $235.8 billion. The month's AUM inc...

9 days ago - Business Wire

Lazard CEO Peter Orszag: Trump's election victory will be good for our business 'temporarily'

Lazard CEO Peter Orszag joins ‘Squawk Box' to discuss President-elect Trump's election victory, impact on the markets and the economy, state of M&A, regulatory outlook, rooting out government waste, t...

9 days ago - CNBC Television

Lazard CEO Peter Orszag: It's in President-elect Trump's interest to have an independent Fed

Lazard CEO Peter Orszag joins 'Squawk Box' to discuss President-elect Trump's election victory, impact on the markets and the economy, state of M&A, regulatory outlook, rooting out government waste, t...

9 days ago - CNBC Television

Lazard: Aggressive Hiring Means Peer-Leading Growth

Lazard has been hiring more aggressively than peers, and it's helped them bag a leading quarter. The private capital advisory business is performing well, not so much on transaction volume from PE but...

19 days ago - Seeking Alpha

Lazard, Inc. (LAZ) Q3 2024 Earnings Conference Call Transcript

Lazard, Inc. (NYSE:LAZ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Alexandra Deignan - Head of IR, Treasury & Corporate Sustainability Peter Orszag - CEO Mary A...

20 days ago - Seeking Alpha

Pandemic directly caused inflation, not spending or demand, says Lazard CEO Peter Orszag

Peter Orszag, Lazard CEO, joins CNBC's 'Money Movers' to discuss Lazard earnings, inflation, the economy, and more.

20 days ago - CNBC Television

Investment bank Lazard's profit surges on dealmaking recovery

Investment bank Lazard's profit surged in the third quarter, driven by an industry-wide recovery in dealmaking.

21 days ago - Reuters

Lazard Reports Third-Quarter and Nine-Month 2024 Results

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today reported net revenue of $785 million and adjusted net revenue1 of $646 million for the quarter ended September 30, 2024. For the first nine mo...

21 days ago - Business Wire

Lazard Declares Quarterly Dividend of $0.50 Per Share

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The divide...

21 days ago - Business Wire

Lazard Announces Redemption of 3.750% Senior Notes Due February 13, 2025 Issued by Lazard Group LLC

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) will redeem all of the issued and outstanding 3.750% Senior Notes due February...

21 days ago - Business Wire

Lazard Appoints Fabien Antignac as Managing Director and Co-Head of European Debt Advisory and Capital Solutions

LONDON & PARIS--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Fabien Antignac is joining the firm on 4th November 2024 as Managing Director and Co-Head of European Debt Advisory and C...

4 weeks ago - Business Wire

Lazard Welcomes Will Thompson as Managing Director, Healthcare Services

LONDON--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Will Thompson is joining the firm on 4th November 2024 as Managing Director, Healthcare. Based in London, he will join Lazard's f...

5 weeks ago - Business Wire

Lazard to Announce Third-Quarter and Nine-Month 2024 Financial Results

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) will announce its third-quarter and nine-month 2024 financial results in a press release to be issued Thursday morning, October 31, 2024. The press ...

5 weeks ago - Business Wire

Lazard Reports September 2024 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of September 30, 2024 totaled approximately $247.7 billion. The month's AUM i...

6 weeks ago - Business Wire

Lazard CEO Peter Orszag on the economy, impact of port strike and Middle East conflict, state of M&A

Peter Orszag, Lazard CEO and former OMB Director under President Obama, joins 'Squawk Box' to discuss the state of the economy, impact of the port strike and the Middle East conflict, the Fed's inflat...

7 weeks ago - CNBC Television

Lazard reports August outflows of $7.5 bln due to client's strategy switch, source says

Lazard's asset management business saw net outflows of $7.5 billion in August after one of its clients switched to a passive investing strategy, a person familiar with the matter told Reuters on Thurs...

2 months ago - Reuters

Lazard Reports August 2024 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of August 31, 2024 totaled approximately $244.3 billion. The month's AUM incl...

2 months ago - Business Wire

Robert Forsyth Joins Lazard Asset Management as Global Head of ETFs

NEW YORK--(BUSINESS WIRE)--Lazard Asset Management is pleased to announce that Robert Forsyth has joined the firm as Managing Director and Global Head of ETFs. Based in New York, Mr. Forsyth will driv...

2 months ago - Business Wire

Evercore, Lazard, Piper Sandler stocks rise as deals recover

US boutique bank stocks are doing well this year as signs show that deal-making is coming back to life. Piper Sandler (PIPR) stock's total return this year stood at 50.50% on August 15 while Evercore ...

Other symbols: EVRPIPR
3 months ago - Invezz

Lazard CEO Peter Orszag on last week's market volatility

Lazard CEO Peter Orszag discusses the latest market trends and the state of the economy.

3 months ago - CNBC Television

Lazard CEO Peter Orszag: The entire narrative and analysis on inflation has been wrong

Lazard CEO Peter Orszag joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's rate path outlook, state of the 2024 election, impact on the antitrust and regulatory en...

3 months ago - CNBC Television

Lazard Reports July 2024 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of July 31, 2024 totaled approximately $246.1 billion. The month's AUM includ...

3 months ago - Business Wire

Lazard hires Guggenheim banker Haydon for private equity dealmaking, source says

Investment bank Lazard has hired Courtney Haydon from Guggenheim Securities as a managing director to help drive dealmaking involving private equity firms and alternative asset managers, a person fami...

3 months ago - Reuters