TipRanks (Tue, 30-Apr 7:11 AM ET)
Lazard Reports First-Quarter 2024 Results
Business Wire (Thu, 25-Apr 6:30 AM ET)
Lazard Declares Quarterly Dividend of $0.50 Per Share
Business Wire (Wed, 24-Apr 4:15 PM ET)
Business Wire (Tue, 23-Apr 11:55 AM ET)
Business Wire (Thu, 18-Apr 12:00 AM ET)
Lazard to Announce First Quarter 2024 Financial Results
Business Wire (Fri, 12-Apr 8:00 AM ET)
Lazard Reports March 2024 Assets Under Management
Business Wire (Wed, 10-Apr 6:45 AM ET)
Business Wire (Fri, 22-Mar 1:40 PM ET)
Lazard Announces Results of Cash Tender Offer of Lazard Group LLC
Business Wire (Wed, 13-Mar 8:30 AM ET)
Lazard Announces Closing of Senior Notes Offering by Lazard Group LLC
Business Wire (Tue, 12-Mar 4:05 PM ET)
Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.
Lazard trades on the NYSE stock market under the symbol LAZ.
As of May 2, 2024, LAZ stock price climbed to $39.27 with 440,631 million shares trading.
LAZ has a beta of 1.13, meaning it tends to be more sensitive to market movements. LAZ has a correlation of 0.18 to the broad based SPY ETF.
LAZ has a market cap of $3.54 billion. This is considered a Mid Cap stock.
Last quarter Lazard reported $747 million in Revenue and $.66 earnings per share. This beat revenue expectation by $78 million and exceeded earnings estimates by $.15.
In the last 3 years, LAZ stock traded as high as $53.00 and as low as $25.82.
The top ETF exchange traded funds that LAZ belongs to (by Net Assets): VTI, VB, DVY, VBR, VXF.
LAZ has outperformed the market in the last year with a price return of +32.4% while the SPY ETF gained +23.2%. However, in the short term, LAZ had mixed performance relative to the market. It has underperformed in the last 3 months, returning -3.2% vs +3.6% return in SPY. But in the last 2 weeks, LAZ shares have fared better than the market returning +4.9% compared to SPY +0.9%.
LAZ support price is $37.52 and resistance is $38.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LAZ stock will trade within this expected range on the day.