Lazard Ltd (LAZ)

NYSE: LAZ · IEX Real-Time Price · USD
40.42
-0.43 (-1.05%)
Feb 3, 2023, 4:00 PM EST - Market closed
-1.05%
Market Cap 3.47B
Revenue (ttm) 3.05B
Net Income (ttm) 525.53M
Shares Out 85.92M
EPS (ttm) 4.88
PE Ratio 8.28
Forward PE 11.14
Dividend $1.94 (4.80%)
Ex-Dividend Date Nov 4, 2022
Volume 937,622
Open 40.07
Previous Close 40.85
Day's Range 39.79 - 40.67
52-Week Range 30.21 - 43.44
Beta 1.38
Analysts Sell
Price Target 38.18 (-5.54%)
Earnings Date Feb 2, 2023

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. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, gov... [Read more]

Industry Capital Markets
Sector Financials
IPO Date May 5, 2005
Employees 3,390
Stock Exchange NYSE
Ticker Symbol LAZ
Full Company Profile

Financial Performance

In 2021, Lazard's revenue was $3.19 billion, an increase of 24.43% compared to the previous year's $2.57 billion. Earnings were $528.06 million, an increase of 31.21%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for LAZ stock is "Sell." The 12-month stock price forecast is $38.18, which is a decrease of -5.54% from the latest price.

Price Target
$38.18
(-5.54% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Lazard (LAZ) Q4 Earnings Miss Estimates, Revenues Fall Y/Y

Lazard (LAZ) records declines in expenses and AUM in the fourth quarter of 2022.

2 days ago - Zacks Investment Research

Lazard stock pops on growing macroeconomic optimism, stronger-than-expected revenue

Lazard Ltd LAZ, +3.61% stock is up nearly 5% after the investment bank said it's more optimistic about macroeconomic conditions; it also beat its fourth-quarter revenue target but missed on adjusted p...

3 days ago - Market Watch

Lazard (LAZ) Misses Q4 Earnings Estimates

Lazard (LAZ) delivered earnings and revenue surprises of -4.17% and 0.92%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

3 days ago - Zacks Investment Research

Lazard Ltd Reports Full-Year and Fourth-Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ)

3 days ago - Business Wire

Lazard Declares Quarterly Dividend of $0.50 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 $0.50 per share on its outstanding common stock. The divide...

4 days ago - Business Wire

Analysts Estimate Lazard (LAZ) to Report a Decline in Earnings: What to Look Out for

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.

1 week ago - Zacks Investment Research

Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking

NEW YORK & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) today announced the appointment of Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm's Financial Advisory busines...

1 week ago - Business Wire

Lazard to Announce Fourth-Quarter and Full-Year 2022 Results

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) will announce its fourth-quarter and full-year 2022 financial results in a press release to be issued Thursday morning, February 2, 2023. The press ...

2 weeks ago - Business Wire

6 Historically High-Yield Stocks Gurus Like

After a rough year in 2022, many investors are looking for some stability within their portfolios.

Other symbols: CTRAHBNCHNIINTCWU
3 weeks ago - GuruFocus

Lazard Reports December 2022 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of December 31, 2022 totaled approximately $216.1 billion. The month's AUM in...

3 weeks ago - Business Wire

Lazard Asset Management Launches U.S. Convertibles Fund

NEW YORK--(BUSINESS WIRE)--Lazard Asset Management today announced the launch of the Lazard U.S. Convertibles Portfolio.

3 weeks ago - Business Wire

Is it safe to buy Lazard stock in 2023?

Lazard (NYSE: LAZ) stock price had a terrible performance in 2022 as the investment banking sector recoiled. The stock ended the year at $35, which was about 35% below the highest level in 2021.

1 month ago - Invezz

Should Value Investors Buy Lazard (LAZ) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

1 month ago - Zacks Investment Research

5 Cheap Dividend Stocks to Buy and Retain for 2023

Stocks with a history of regular dividends, efficient management and a healthy balance sheet are good investment choices. Stocks like CAG, RDN, LAZ, NI and CFG are a must-have in your portfolio.

Other symbols: CAGCFGNIRDN
1 month ago - Zacks Investment Research

3 Highly-Ranked Stocks With Dividend Yields Above 5%

In a historically-volatile 2022, dividends have been a precious item, helping limit the impact of drawdowns in other positions.

Other symbols: ALXDKL
1 month ago - Zacks Investment Research

Lazard Sustainable Private Infrastructure Team Completes Inaugural Investment in DBE Energy

NEW YORK--(BUSINESS WIRE)--Lazard Asset Management (LAM) today announced that the Lazard Sustainable Private Infrastructure team completed its inaugural investment in DBE Energy, owner, and operator...

1 month ago - Business Wire

Lazard Reports November 2022 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of November 30, 2022 totaled approximately $221.0 billion. The month's AUM in...

1 month ago - Business Wire

Lazard Names Ronald Temple as Chief Market Strategist

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) today announced that Ronald Temple has been named Chief Market Strategist, effective immediately. In this newly created role, Mr. Temple will serve ...

2 months ago - Business Wire

Lazard Chairman and Chief Executive Officer Kenneth M. Jacobs to Speak at the Goldman Sachs 2022 US Financial Services Conference

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...

2 months ago - Business Wire

High Revenues, Cost Control Aid Lazard (LAZ) Amid Net Outflows

Lazard's (LAZ) rising revenues and cost discipline might drive operational efficiency. Yet, rising net outflows and high dependence on financial advisory revenues are concerning.

2 months ago - Zacks Investment Research

Lazard's (LAZ) October AUM Rises 3.4% on Market Appreciation

Market appreciation and favorable FX movements aid Lazard's (LAZ) October AUM balance.

2 months ago - Zacks Investment Research

Edward Rubin Joins Lazard as a Managing Director in Telecommunications, Media & Entertainment Group, Financial Advisory

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) announced today that Edward Rubin has joined the firm as a Managing Director in the Telecommunications, Media & Entertainment Group within Financial...

3 months ago - Business Wire

Lazard Reports October 2022 Assets Under Management

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2022 totaled approximately $204.6 billion.

3 months ago - Business Wire

Lazard (LAZ) Stock Up 4.2% on Q3 Earnings Beat, AUM Falls

Higher revenues on strong advisory business aid Lazard's (LAZ) Q3 earnings amid a challenging operating backdrop that hurt AUM balance.

3 months ago - Zacks Investment Research

Lazard (LAZ) Surpasses Q3 Earnings and Revenue Estimates

Lazard (LAZ) delivered earnings and revenue surprises of 29.63% and 13.42%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research