Lazard Ltd (LAZ)

NYSE: LAZ · IEX Real-Time Price · USD
41.87
+0.49 (1.18%)
Mar 28, 2024, 4:00 PM EDT - Market closed
1.18%
Market Cap 3.62B
Revenue (ttm) 2.52B
Net Income (ttm) -75.48M
Shares Out 87.41M
EPS (ttm) -0.90
PE Ratio n/a
Forward PE 19.19
Dividend $2.00 (4.78%)
Ex-Dividend Date Feb 9, 2024
Volume 1,223,096
Open 41.41
Previous Close 41.38
Day's Range 41.04 - 42.24
52-Week Range 25.82 - 42.24
Beta 1.45
Analysts Hold
Price Target 43.83 (+4.68%)
Earnings Date Apr 26, 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 $43.83, which is an increase of 4.68% from the latest price.

Price Target
$43.83
(4.68% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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.

7 days 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...

14 days 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...

15 days ago - Business Wire

Lazard Announces Closing of Senior Notes Offering by Lazard Group LLC

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering (the “Offering”) of $400,000,0...

16 days ago - Business Wire

Lazard Announces Total Consideration for Lazard Group LLC's Cash Tender Offer for Its 3.750% Senior Notes Due 2025

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today the Total Consideration as set forth in the table below in respect of the previously announced cash tender offer (the “Tender Offer”...

16 days ago - Business Wire

Investors shouldn't be expecting 'exuberant' growth this year, says Lazard's Ron Temple

Ron Temple, Lazard Financial Advisory and Asset Management chief market strategist, joins 'Squawk Box' to discuss the state of the economy, what to expect from February's CPI data, impact on the Fed's...

16 days ago - CNBC Television

Lazard Reports February 2024 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 29, 2024 totaled approximately $248.0 billion. The month's AUM in...

16 days ago - Business Wire

Lazard Announces Cash Tender Offer for 3.750% Senior Notes Due 2025 of Lazard Group LLC

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing a cash tender offer (the “Tender Offer”) for any and all of its ...

22 days ago - Business Wire

Lazard Announces Commencement of Senior Notes Offering and Concurrent Tender Offer by Lazard Group LLC

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing an offering (the “Offering”) of one or more series of its senior...

22 days ago - Business Wire

Lazard CEO: Fed is now motivated to keep rates higher for longer

Peter Orszag, Lazard CEO and former OMB director under President Obama, joins 'Money Movers' to discuss if the latest CPI print changes what the Federal Reserve does this year, whether looser financia...

6 weeks ago - CNBC Television

Lazard Reports January 2024 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2024 totaled approximately $243.8 billion. The month's AUM inc...

6 weeks ago - Business Wire

Lazard's fourth-quarter profit drops on higher expenses

Investment bank Lazard reported a 3% drop in fourth quarter profit on Thursday, hurt by higher expenses.

2 months ago - Reuters

Lazard Reports Fourth-Quarter and Full-Year 2023 Results

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today reported net revenue of $806 million and operating revenue1 of $761 million for the quarter ended December 31, 2023. On a U.S. GAAP basis, fou...

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 Asset Management Names Tomohiro Kamisaku as CEO of Lazard Japan Asset Management KK

NEW YORK--(BUSINESS WIRE)--Lazard Asset Management (LAM) announced today that Tomohiro Kamisaku will join the firm as CEO of Lazard Japan Asset Management KK, effective February 1, 2024. Mr. Kamisaku ...

2 months ago - Business Wire

Lazard Appoints Dan Schulman and Stephen R. Howe Jr. to Its Board of Directors

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced former PayPal CEO, Dan Schulman, and former US Chairman and Managing Partner of the Americas for Ernst & Young, Stephen R. Howe Jr.,...

2 months ago - Business Wire

Lazard to Announce Fourth Quarter and Full-Year 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) will announce its fourth quarter and full-year 2023 financial results in a press release to be issued Thursday morning, February 1, 2024. The press ...

2 months ago - Business Wire

Lazard CEO Peter Orszag: The Fed likely won't cut rates until 'very late' 2024, early into 2025

Lazard CEO Peter Orszag joins 'Squawk Box' to discuss the latest market trends, state of the U.S. economy, the Fed's rate cut timeline, M&A outlook, and more.

2 months ago - CNBC Television

Lazard's McGuire Says Education Fails Too Many People

Lazard President Ray McGuire says the education system is creating a "permanent underclass" because too many people are not realizing the American dream. He is on "The Next Big Risk" with Sonali Basak...

2 months ago - Bloomberg Markets and Finance

Lazard Reports December 2023 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of December 31, 2023 totaled approximately $246.7 billion. The month's AUM in...

2 months ago - Business Wire

Fed seems to be getting the soft landing done, says Lazard's Ron Temple

Ron Temple, Lazard chief market strategist, joins 'Money Movers' to discuss whether the Federal Reserve has won its battle against inflation, if the economy needs to be in poor condition for the Fed t...

2 months ago - CNBC Television

2023 sees the busiest year ever for activist investors with 252 new campaigns: Lazard report

CNBC's Leslie Picker reports on the record year for activist activity.

2 months ago - CNBC Television

Lazard converts to a U.S. corporation from a limited partnership

Lazard LAZ, -0.51% said Tuesday it has officially changed its full formal name to Lazard Inc. from Lazard Ltd. as part of its conversion to a U.S. C-Corp. under Delaware law from a limited partnership...

3 months ago - Market Watch

Lazard Ltd Completes Conversion to a U.S. C-Corporation and Is Renamed Lazard, Inc.

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that it has completed its previously announced conversion from a publicly traded partnership to a U.S. C-Corporation under Delaware ...

3 months ago - Business Wire

Lazard and Elaia Partners Enter Into Exclusive Negotiations for a Strategic Partnership to Develop a European Private Technology Investment Platform

PARIS--(BUSINESS WIRE)--Lazard, a global leader in active asset management, and Elaia Partners, an established European venture capital firm, today announced their entry into exclusive negotiations to...

3 months ago - Business Wire