Lazard Ltd. (LAZ)

NYSE: LAZ · IEX Real-Time Price · USD
43.16 -1.18 (-2.66%)
Jan 18, 2022 3:09 PM EST - Market open
Market Cap4.44B
Revenue (ttm)3.08B
Net Income (ttm)507.58M
Shares Out102.87M
EPS (ttm)4.43
PE Ratio9.75
Forward PE9.66
Dividend$1.88 (4.36%)
Ex-Dividend DateNov 5, 2021
Volume673,588
Open43.96
Previous Close44.34
Day's Range42.16 - 44.00
52-Week Range38.68 - 53.00
Beta1.52
AnalystsBuy
Price Target53.25 (+23.4%)
Earnings DateOct 29, 2021

About LAZ

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, capital advisory, restructurings, shareholder advisory, sovereign advisory, capital raising, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry are...

IndustryCapital Markets
IPO DateMay 5, 2005
CEOKenneth Jacobs
Employees3,161
Stock ExchangeNYSE
Ticker SymbolLAZ
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for Lazard stock is "Buy." The 12-month stock price forecast is 53.25, which is an increase of 23.38% from the latest price.

Price Target
$53.25
(23.38% upside)
Analyst Consensus: Buy

News

Lazard Reports December 2021 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of December 31, 2021 totaled approximately $273.7 billion. The month's AUM includ...

6 days ago - Business Wire

Best 3 small-cap investment bank stocks for 2022

2021 was a good year for investment banking. Global merger and acquisition deals rose to more than $5.8 trillion while Initial Public Offerings (IPOs) rose to $600 billion.

Other symbols:EVRMC
2 weeks ago - Invezz

Lazard's (LAZ) November AUM Falls on Market Depreciation

Lazard's (LAZ) November AUM is down 4.4% to $267.4 billion due to market depreciation, lower fixed income and equity asset balances.

1 month ago - Zacks Investment Research

Stick with M&A boutiques and investment banks, says Piper Sandler's Jeff Harte

Jeff Harte, Piper Sandler senior research analyst, joins 'The Exchange' to discuss 2021's big year for mergers and acquisitions.

Other symbols:BACCCOWN
1 month ago - CNBC Television

Lazard Reports November 2021 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of November 30, 2021 totaled approximately $267.4 billion. The month's AUM includ...

1 month ago - Business Wire

Lazard Launches Climate Center to Analyze Financial Impact of Climate Change on Companies and Markets

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) today announced the formation of the Lazard Climate Center to provide rigorous, data-driven insights on the financial effects of climate change and the ...

1 month ago - Business Wire

Koen Popleu and Monika Kumar Join Lazard Asset Management

NEW YORK--(BUSINESS WIRE)--Lazard Asset Management (LAM) today announced an expansion of its sustainable investment capabilities with the appointment of Koen Popleu and Monika Kumar as portfolio manager...

1 month ago - Business Wire

Lazard Chairman and Chief Executive Officer Kenneth M. Jacobs to Speak at the Goldman Sachs 2021 US Financial Service...

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) announced today that Kenneth M. Jacobs, Chairman and Chief Executive Officer, is scheduled to participate in a moderated question and answer session at ...

1 month ago - Business Wire

Lazard (LAZ) Forms Alliance With Independence Point Advisors

Lazard (LAZ) forms a strategic alliance with the newly launched women-owned investment bank and advisory firm, Independence Point Advisors.

1 month ago - Zacks Investment Research

Lazard Forms Strategic Alliance With Anne Clarke Wolff and Independence Point Advisors

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) and newly launched Independence Point Advisors (IPA) announced today that they have formed a strategic alliance, effective immediately, to provide a sui...

1 month ago - Business Wire

Independence Point Advisors Launches as Women-Led Investment Bank and Advisory Firm

NEW YORK--(BUSINESS WIRE)--Independence Point Advisors (“IPA”) today announced that it has launched as a women-owned investment bank and advisory firm. IPA was founded by industry veteran Anne Clarke Wo...

1 month ago - Business Wire

Lazard's (LAZ) October AUM Rises 2.6% on Market Appreciation

A rise in AUM balance and efforts by Lazard (LAZ) to further capitalize on diverse products will keep supporting its revenue growth.

2 months ago - Zacks Investment Research

Lazard Reports October 2021 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2021 totaled approximately $279.7 billion. The month's AUM include...

2 months ago - Business Wire

Lazard (LAZ) Shows Prudent Cost Management: Should You Hold?

Lazard (LAZ) is likely to benefit from solid revenue growth and cost-control measures. Yet, rising outflows and dependence on financial advisory revenues pose headwinds.

2 months ago - Zacks Investment Research

Amanda Dupuy Ugarte Joins Lazard as a Managing Director, Private Capital Advisory Group

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) announced today that Amanda Dupuy Ugarte has joined Lazard's Financial Advisory business as a Managing Director in the Private Capital Advisory Group, e...

2 months ago - Business Wire

Lazard Asset Management Launches US Systematic Small Cap Equity Portfolio

NEW YORK--(BUSINESS WIRE)--Lazard Asset Management LLC (“LAM”) today announced the launch of the Lazard US Systematic Small Cap Equity Portfolio (Institutional: LUSIX; Open: LUSOX) (the “Fund”), a US mu...

2 months ago - Business Wire

Lazard (LAZ) Q3 Earnings Beat on Higher Revenues, Costs Up

Lazard (LAZ) reports record adjusted operating revenues and average assets under management in Q3. However, rising expenses posed a headwind.

2 months ago - Zacks Investment Research

Lazard (LAZ) Beats Q3 Earnings Estimates

Lazard (LAZ) delivered earnings and revenue surprises of 4.26% and -1.17%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Lazard Ltd Reports Third-Quarter and Nine-Month 2021 Results

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $702 million for the quarter ended September 30, 2021. Net income, as adjusted2, was $111 million, or $0.98 per sha...

2 months ago - Business Wire

Lazard Declares Quarterly Dividend of $0.47 Per Share

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend i...

2 months ago - Business Wire

Lazard Releases Annual Levelized Cost of Energy, Storage and Hydrogen Analyses

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) has released its annual in-depth studies comparing the costs of energy from various generation technologies, energy storage technologies for different a...

2 months ago - Business Wire

Luba Kotzeva de Diaz Joins Lazard as a Managing Director, European Energy and Renewables Advisory

LONDON--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) announced today that Luba Kotzeva de Diaz will join the firm on 01 November 2021, as a Managing Director, Investment Banking, based in London. “Luba bring...

2 months ago - Business Wire

Lazard (LAZ) Reports Next Week: Wall Street Expects Earnings Growth

Lazard (LAZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Here's Why Lazard (LAZ) is a Strong Momentum Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

2 months ago - Zacks Investment Research

Lazard to Announce Third-Quarter and Nine-Month 2021 Results

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2021 results in a press release to be issued Friday morning, October 29, 2021. The press release will be ...

3 months ago - Business Wire