Lazard Ltd (LAZ)

NYSE: LAZ · IEX Real-Time Price · USD
39.10
+0.34 (0.88%)
Jul 2, 2024, 4:00 PM EDT - Market closed
0.88%
Market Cap 3.42B
Revenue (ttm) 2.74B
Net Income (ttm) -17.55M
Shares Out 87.41M
EPS (ttm) -0.30
PE Ratio n/a
Forward PE 15.20
Dividend $2.00 (5.12%)
Ex-Dividend Date May 3, 2024
Volume 726,077
Open 38.68
Previous Close 38.76
Day's Range 38.40 - 39.15
52-Week Range 25.82 - 42.24
Beta 1.41
Analysts Hold
Price Target 45.86 (+17.29%)
Earnings Date Jul 25, 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 8 analysts, the average rating for LAZ stock is "Hold." The 12-month stock price forecast is $45.86, which is an increase of 17.29% from the latest price.

Price Target
$45.86
(17.29% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Lazard Is Looking to Buy a Private Credit Firm

Lazard Inc. Chief Executive Officer Peter Orszag says the firm is looking to buy a private credit firm and the company is "in the mix" of evaluating many options. He speaks to Bloomberg's Francine Lac...

12 days ago - Bloomberg Markets and Finance

Ali Syed Joins Lazard as Head of Sovereign and Pension Fund Coverage

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that Ali Syed has joined the firm as Managing Director and Head of Sovereign and Pension Fund Coverage. Based in New York, Mr. Syed ...

14 days ago - Business Wire

Lazard CEO: Geopolitics is highly relevant to business conditions

Lazard CEO Peter Orszag joins 'Money Movers' to discuss the latest CPI report, the impact of the sharp bond market rally on market activity, and whether inflation models need to account for the post-C...

20 days ago - CNBC Television

Lazard Reports May 2024 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of May 31, 2024 totaled approximately $245.0 billion. The month's AUM include...

20 days ago - Business Wire

Rosalie Berman Joins Lazard Asset Management

NEW YORK--(BUSINESS WIRE)--Lazard Asset Management (LAM) announced today that Rosalie Berman has joined the firm as Managing Director, Business Strategy, reporting to LAM CEO, Evan Russo. Ms. Berman w...

4 weeks ago - Business Wire

Lazard Chief Executive Officer Peter R. Orszag to Speak at the Morgan Stanley U.S. Financials, Payments & CRE Conference

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced Peter R. Orszag, Chief Executive Officer is scheduled to participate in a fireside discussion at the Morgan Stanley U.S. Financials,...

5 weeks ago - Business Wire

Exclusive: Redcentric hires Lazard to explore sale, sources say

British IT services group Redcentric is working with a financial adviser on an attempt to sell the company, two people familiar with the matter told Reuters.

5 weeks ago - Reuters

Lazard CEO on tailwinds for the M&A market

Lazard CEO Peter Orszag joins ‘Squawk Box' to discuss the Fed's interest rate decision this week, interest rate outlook, state of the economy, latest market trends, state of the M&A market, and more.

5 weeks ago - CNBC Television

Lazard CEO: Odds of summer rate cuts are exceedingly low unless something 'dramatic' happens

Lazard CEO Peter Orszag joins 'Squawk Box' to discuss his expectations from the market, how the health of the M&A market fares with no rate cuts, and how chief executive confidence is doing.

5 weeks ago - CNBC Television

Ben Braun Joins Lazard as Global Head of Media, Entertainment & Sports Advisory

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that Ben Braun joined the firm as Managing Director and Global Head of Media, Entertainment & Sports Advisory. Based in New York, Mr...

6 weeks ago - Business Wire

Sarbjit Nahal Joins Lazard Asset Management

NEW YORK--(BUSINESS WIRE)--Lazard Asset Management (LAM) announced today that it is strengthening its leading Global Thematic platform with the addition of Sarbjit Nahal as a Portfolio Manager / Analy...

7 weeks ago - Business Wire

Lazard Reports April 2024 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of April 30, 2024 totaled approximately $240.8 billion. The month's AUM inclu...

7 weeks ago - Business Wire

Lazard hires veteran healthcare dealmaker Colocci as vice chairman

Investment bank Lazard Ltd has appointed veteran healthcare dealmaker Michele Colocci as vice chairman and managing director, aiming to boost the growth of its healthcare advisory, according to a comp...

7 weeks ago - Reuters

Lazard Welcomes Michele Colocci as Vice Chairman, Investment Banking and Managing Director, Healthcare

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced Michele Colocci is joining the firm on 3rd June 2024 as Vice Chairman, Investment Banking and Managing Director, Healthcare. Based i...

7 weeks ago - Business Wire

Lazard's McGuire Sees Rates Staying Higher for Longer

Lazard President Ray McGuire discusses the current economic environment and the outlook for deal activity at the Milken Institute Global Conference in Beverly Hills, CA. -------- More on Bloomberg Tel...

2 months ago - Bloomberg Markets and Finance

Lazard posts first-quarter profit on jump in assets

Lazard reported a first-quarter profit on Thursday, compared with a loss a year earlier, buoyed by a growth in assets at the boutique investment bank.

2 months ago - Reuters

Lazard Reports First-Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today reported net revenue of $765 million and adjusted net revenue1 of $747 million for the quarter ended March 31, 2024. On a U.S. GAAP basis, fir...

2 months 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...

2 months ago - Business Wire

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

PARIS--(BUSINESS WIRE)--Lazard, a global leader in active asset management, and Elaia Partners, an established European venture capital firm, signed a strategic partnership agreement to create a leadi...

2 months ago - Business Wire

Lazard to Announce First Quarter 2024 Financial Results

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) will announce its first quarter 2024 financial results in a press release to be issued Thursday morning, April 25, 2024. The press release will be a...

2 months ago - Business Wire

Lazard Reports March 2024 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of March 31, 2024 totaled approximately $250.4 billion. The month's AUM inclu...

2 months ago - Business Wire

Lazard's M&A Chief Sees a Lot of Firepower on the Sidelines

Mark McMaster, Lazard's global head of M&A, discusses the outlook for M&A activity in 2024 and says big deals can still get done despite antitrust scrutiny. He speaks with Sonali Basak on Bloomberg Te...

3 months ago - Bloomberg Markets and Finance

Lazard CEO Peter Orszag: Expect inflation to continue on a downward trajectory

Lazard CEO Peter Orszag joins 'Squawk Box' to discuss the Fed's interest rate decision this week, interest rate outlook, state of the economy, latest market trends, state of the M&A market, and more.

3 months ago - CNBC Television

Threecolts Named to Prestigious Lazard T100 European Venture Growth Index

BROOKLYN, N.Y.--(BUSINESS WIRE)--Threecolts, the most comprehensive cloud business suite for consumer brands, announces its inclusion in the 2024 Lazard T100 European Venture Growth Index in the Enter...

3 months ago - Business Wire

Lazard Announces Results of Cash Tender Offer of Lazard Group LLC

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today the expiration and final results of the previously announced cash tender offer (the “Tender Offer”) of its subsidiary Lazard Group L...

3 months ago - Business Wire