Lazard, Inc. (LAZ)

NYSE: LAZ · Real-Time Price · USD
52.04
+1.55 (3.07%)
Dec 20, 2024, 4:00 PM EST - Market closed
3.07%
Market Cap 4.71B
Revenue (ttm) 3.05B
Net Income (ttm) 250.91M
Shares Out 90.47M
EPS (ttm) 2.55
PE Ratio 20.38
Forward PE 15.89
Dividend $2.00 (3.84%)
Ex-Dividend Date Nov 8, 2024
Volume 1,349,277
Open 50.00
Previous Close 50.49
Day's Range 49.59 - 52.57
52-Week Range 34.25 - 61.14
Beta 1.37
Analysts Hold
Price Target 52.29 (+0.48%)
Earnings Date Jan 30, 2025

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 $52.29, which is an increase of 0.48% from the latest price.

Price Target
$52.29
(0.48% upside)
Analyst Consensus: Hold
Stock Forecasts

News

KBW Announces Index Rebalancing for Fourth-Quarter 2024

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...

Other symbols: ABABRACREAPOARESARIBDN
8 days ago - GlobeNewsWire

Lazard expects dealmaking to pick up, tariffs to be measured

Investment bank Lazard's CEO, Peter Orszag, predicted a surge in dealmaking momentum to continue into next year, helped by private equity activity.

10 days ago - Reuters

Lazard, Inc. Announces Results of Consent Solicitation and Offer to Guarantee Lazard Group LLC Senior Notes

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) (“Lazard”) today announced that, in connection with its previously announced consent solicitation and offer to guarantee for Lazard Group LLC (a who...

10 days ago - Business Wire

Lazard Reports November 2024 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of November 30, 2024 totaled approximately $234.4 billion. The month's AUM in...

11 days ago - Business Wire

Banco BPM set to hand Citi, Lazard mandate for UniCredit bid, sources say

Italian bank Banco BPM is preparing to give Citigroup and Lazard a mandate to advise over an unsolicited takeover bid by rival UniCredit , three people close to the matter said.

15 days ago - Reuters

Lazard, Inc. Commences Consent Solicitation and Offer to Guarantee for Lazard Group LLC Senior Notes

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) (“Lazard”) today announced that it has commenced a consent solicitation to certain proposed amendments to the indenture, dated as of May 10, 2005 (a...

16 days ago - Business Wire

Lazard hires Citigroup's Miller in energy investment banking push, sources say

Lazard has hired veteran Citigroup investment banker Chris Miller as a managing director to help drive its dealmaking efforts in the energy industry, people familiar with the matter told Reuters on Tu...

18 days ago - Reuters

Lazard Appoints Dan Schulman as Lead Independent Director and Peter R. Orszag as Chairman of the Board

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Dan Schulman, Board Member, has been appointed Lead Independent Director to succeed Richard D. Parsons, who remains on the Boar...

26 days ago - Business Wire

Lazard Chief Executive Officer Peter R. Orszag to Speak at the 2024 Goldman Sachs U.S. Financial Services Conference

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that Peter R. Orszag, Chief Executive Officer, is scheduled to participate in a fireside chat at the Goldman Sachs U.S. Financial Se...

4 weeks ago - Business Wire

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...

4 weeks 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...

5 weeks 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...

5 weeks 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...

5 weeks 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...

5 weeks 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...

7 weeks 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...

7 weeks 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.

7 weeks 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.

7 weeks 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...

7 weeks 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...

7 weeks 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...

7 weeks 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...

2 months 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...

2 months 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 ...

2 months 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...

2 months ago - Business Wire