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After hours:
Chart Events
Performance Outlook
| Previous Close | 39.64 |
| Open | 39.46 |
| Bid | 38.00 x 800 |
| Ask | 39.68 x 800 |
| Day's Range | 38.27 - 39.63 |
| 52 Week Range | 25.82 - 42.24 |
| Volume | |
| Avg. Volume | 1,145,767 |
| Market Cap | 3.355B |
| Beta (5Y Monthly) | 1.46 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.90 |
| Earnings Date | Jan 31, 2024 - Feb 05, 2024 |
| Forward Dividend & Yield | 2.00 (5.21%) |
| Ex-Dividend Date | Feb 09, 2024 |
| 1y Target Est | 49.00 |
Fair Value
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Related Research
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Business WireLazard to Announce First Quarter 2024 Financial Results
NEW YORK, April 12, 2024--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 available in the News & Announcements section of Lazard’s website at www.lazard.com.
Business WireLazard Reports March 2024 Assets Under Management
NEW YORK, April 10, 2024--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 included market appreciation of $5.3 billion, net outflows of $2.5 billion and foreign exchange depreciation of $0.4 billion. Preliminary average AUM for the quarter ended March 31, 2024 was $247.0 billion.
BloombergLazard Hires Citi’s Ali Syed for Sovereign-Wealth Fund Coverage
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BloombergIntrum Creditors Split, Group Picks Weil, Lazard for Talks
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ZacksLazard's (LAZ) February AUM Improves 1.7% on Upbeat Market
Lazard's (LAZ) AUM balance in February benefits from a positive market, offset by net outflows and foreign exchange depreciation.
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Business WireLazard Announces Results of Cash Tender Offer of Lazard Group LLC
NEW YORK, March 13, 2024--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 LLC ("Lazard Group") for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the "Notes"). The Tender Offer expired at 5:00 p.m. (New York City time) on March 12, 2024 (the "Expiration Time"). The terms and conditions of the Tender Offer were described by Lazard Group in an Offer
Business WireLazard Announces Closing of Senior Notes Offering by Lazard Group LLC
NEW YORK, March 12, 2024--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC ("Lazard Group") has completed its previously announced offering (the "Offering") of $400,000,000 aggregate principal amount of 6.000% Senior Notes due 2031 (the "Notes"). The Notes were issued by Lazard Group and were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Notes are senior unsecured obligations of Lazard Group.
Business WireLazard Announces Total Consideration for Lazard Group LLC’s Cash Tender Offer for Its 3.750% Senior Notes Due 2025
NEW YORK, March 12, 2024--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") of its subsidiary Lazard Group LLC ("Lazard Group") for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the "Notes").
Business WireLazard Reports February 2024 Assets Under Management
NEW YORK, March 12, 2024--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 included market appreciation of $7.0 billion, net outflows of $2.0 billion and foreign exchange depreciation of $0.8 billion.
Morningstar Rating
Rating
Fair Value
Economic Moat
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Analyst Price Targets (7)
Upgrades & Downgrades
| Maintains | Morgan Stanley: Overweight to Overweight | 4/11/2024 | |
| Maintains | UBS: Neutral to Neutral | 3/26/2024 | |
| Maintains | UBS: Neutral to Neutral | 2/5/2024 | |
| Maintains | UBS: Neutral to Neutral | 1/9/2024 | |
| Upgrade | Wolfe Research: Peer Perform to Outperform | 1/3/2024 |
Company Profile
30 Rockefeller Plaza
New York, NY 10112
United States
212-632-6000
https://www.lazard.com
Sector(s): Financial Services
Industry: Capital Markets
Full Time Employees: 3,291
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. This segment offers its services to corporate, partnership, institutional, government, sovereign, and individual clients to various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, real estate, technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions; investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard, Inc. was incorporated in 1848 and is headquartered in New York, New York.
