Lazard, Inc. (LAZ)
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]
Financial Performance
Financial StatementsAnalyst 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.
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...
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...
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...
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...
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...
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...
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...
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.
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.
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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 ...
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.
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...
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...
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...