Lazard Ltd (LAZ)

NYSE: LAZ · IEX Real-Time Price · USD
41.30
+0.66 (1.64%)
May 24, 2024, 10:17 AM EDT - Market open
1.64%
Market Cap 3.60B
Revenue (ttm) 2.74B
Net Income (ttm) -17.55M
Shares Out 87.41M
EPS (ttm) -0.30
PE Ratio n/a
Forward PE 15.39
Dividend $2.00 (4.84%)
Ex-Dividend Date May 3, 2024
Volume 38,812
Open 40.86
Previous Close 40.63
Day's Range 40.63 - 41.30
52-Week Range 25.82 - 42.24
Beta 1.46
Analysts Hold
Price Target 46.43 (+12.44%)
Earnings Date Apr 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 $46.43, which is an increase of 12.44% from the latest price.

Price Target
$46.43
(12.44% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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.

1 day 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.

2 days 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...

4 days 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...

11 days 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...

14 days 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...

15 days 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...

15 days 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...

16 days 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.

4 weeks 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...

4 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...

4 weeks 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...

5 weeks 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...

6 weeks 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...

6 weeks 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...

7 weeks 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.

2 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...

2 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...

2 months 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...

2 months 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”...

2 months 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...

2 months 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...

2 months 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 ...

2 months 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...

2 months 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...

3 months ago - CNBC Television