Lazard, Inc. (LAZ)
(Delayed Data from NYSE)
$50.49 USD
+0.12 (0.24%)
Updated Sep 23, 2024 04:00 PM ET
After-Market: $50.48 -0.01 (-0.02%) 5:16 PM ET
3-Hold of 5 3
B Value A Growth F Momentum B VGM
Company Summary
Effective Jan 1, 2024, Lazard, Inc. changed its name from Lazard Ltd as it completed its conversion from a publicly traded partnership to a U.S. C-Corporation under the Delaware Law. It is one of the world’s major financial advisory and asset management firms. The company is specialized in offering solutions for complex financial and strategic challenges of a diverse set of clients around the world, including corporations, governments, institutions, partnerships and individuals.
Founded in 1848 in New Orleans, Lazard operates from 37 cities in key business and financial centers across 26 countries throughout North and South ...
Company Summary
Effective Jan 1, 2024, Lazard, Inc. changed its name from Lazard Ltd as it completed its conversion from a publicly traded partnership to a U.S. C-Corporation under the Delaware Law. It is one of the world’s major financial advisory and asset management firms. The company is specialized in offering solutions for complex financial and strategic challenges of a diverse set of clients around the world, including corporations, governments, institutions, partnerships and individuals.
Founded in 1848 in New Orleans, Lazard operates from 37 cities in key business and financial centers across 26 countries throughout North and South America, Europe, Mid-East, Asia and Australia.
The company operates through two principal segments:
Financial Advisory (accounts for 59.7% of total operating revenues as of Jun 30, 2024): The segment offers a wide array of financial advisory services, regarding merger and acquisition (M&A), restructurings, capital advisory, shareholder advisory, sovereign advisory, capital raising, and other strategic advisory matters to corporate, partnership, institutional, government, sovereign and individual clients across the globe.
Asset Management (37.8%): The segment offers a broad range of global investment solutions and investment management services in equity and fixed income strategies, asset allocation strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients.
In addition, the company deals with other select activities under the Corporate segment (2.1%), including management of cash, certain investments, deferred tax assets, outstanding indebtedness, certain contingent obligations, and assets and liabilities associated with Lazard Group’s Paris-based subsidiary, Lazard Frères Banque SA (“LFB”) and a special purpose acquisition company sponsored by an affiliate of the company, Lazard Growth Acquisition Corp. I (“LGAC”).
In 2016, in a zest to solidify its footprint in America, Lazard acquired the remaining 50% stake in its Financial Advisory division, MBA Lazard, to fully integrate its Latin America operations. The integration created the biggest network of financial advisory offices in America, stretching in 15
General Information
Lazard, Inc
30 ROCKEFELLER PLAZA
NEW YORK, NY 10112
Phone: 212-632-6000
Fax: 441-292-4720
Email: investorrelations@lazard.com
Industry | Financial - Miscellaneous Services |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/24/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.42 |
Current Year EPS Consensus Estimate | 2.40 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 10/24/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 50.37 |
52 Week High | 51.00 |
52 Week Low | 25.82 |
Beta | 1.39 |
20 Day Moving Average | 594,659.19 |
Target Price Consensus | 51.00 |
4 Week | 0.98 |
12 Week | 31.93 |
YTD | 44.74 |
4 Week | -0.22 |
12 Week | 26.33 |
YTD | 21.07 |
Shares Outstanding (millions) | 112.77 |
Market Capitalization (millions) | 5,680.03 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 3.97% |
Annual Dividend | $2.00 |
Payout Ratio | 1.03 |
Change in Payout Ratio | 0.21 |
Last Dividend Payout / Amount | 8/5/2024 / $0.50 |
Fundamental Ratios
P/E (F1) | 20.99 |
Trailing 12 Months | 25.96 |
PEG Ratio | NA |
vs. Previous Year | 116.67% |
vs. Previous Quarter | -21.21% |
vs. Previous Year | 6.90% |
vs. Previous Quarter | -9.87% |
Price/Book | 11.05 |
Price/Cash Flow | 10.37 |
Price / Sales | 2.00 |
6/30/24 | 41.78 |
3/31/24 | 37.27 |
12/31/23 | 16.43 |
6/30/24 | 4.32 |
3/31/24 | 3.63 |
12/31/23 | 1.66 |
6/30/24 | 1.94 |
3/31/24 | 1.89 |
12/31/23 | 1.62 |
6/30/24 | 1.94 |
3/31/24 | 1.89 |
12/31/23 | 1.62 |
6/30/24 | 6.85 |
3/31/24 | 5.88 |
12/31/23 | 2.92 |
6/30/24 | 5.50 |
3/31/24 | -0.63 |
12/31/23 | -2.93 |
6/30/24 | 6.52 |
3/31/24 | 0.41 |
12/31/23 | -3.18 |
6/30/24 | 4.56 |
3/31/24 | 3.98 |
12/31/23 | 4.28 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 3.60 |
3/31/24 | 4.13 |
12/31/23 | 3.51 |
6/30/24 | 78.99 |
3/31/24 | 81.22 |
12/31/23 | 78.67 |