LAZ - Lazard Ltd

NYSE - NYSE Delayed Price. Currency in USD
37.42
-0.33 (-0.87%)
At close: 4:02PM EDT

37.40 -0.02 (-0.05%)
After hours: 4:19PM EDT

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Previous Close37.75
Open37.62
Bid37.24 x 800
Ask37.46 x 800
Day's Range37.15 - 37.95
52 Week Range31.07 - 43.86
Volume851,484
Avg. Volume733,486
Market Cap4B
Beta (3Y Monthly)1.55
PE Ratio (TTM)12.12
EPS (TTM)3.09
Earnings DateOct 31, 2019
Forward Dividend & Yield1.88 (4.98%)
Ex-Dividend Date2019-08-02
1y Target Est39.57
Trade prices are not sourced from all markets
  • Business Wire

    Lazard Reports September 2019 Assets Under Management

    Lazard Ltd reported today that its preliminary assets under management as of September 30, 2019 totaled approximately $230.9 billion. The month’s AUM included market appreciation of $4.5 billion; foreign exchange depreciation of $0.5 billion and net outflows of $1.9 billion.

  • Invesco Slashes 1,300 Jobs to Achieve Cost Savings Target
    Zacks

    Invesco Slashes 1,300 Jobs to Achieve Cost Savings Target

    Job cuts are part of Invesco's (IVZ) strategy to sustain profitability amid changing investor preference and lower interest rates.

  • Business Wire

    Lazard to Announce Third-Quarter and Nine-Month 2019 Results

    Lazard Ltd will announce its third-quarter and nine-month 2019 results in a press release to be issued Thursday morning, October 31, 2019.

  • Lazard's Asset Management Arm Mulls to Lay Off 60 Employees
    Zacks

    Lazard's Asset Management Arm Mulls to Lay Off 60 Employees

    Amid a tough operating environment and changing client preference, Lazard (LAZ) might cut jobs to maintain profitability.

  • Lazard Asset Management to Reduce Workforce by End of Year
    Bloomberg

    Lazard Asset Management to Reduce Workforce by End of Year

    (Bloomberg) -- Lazard Ltd.’s asset-management division plans to cut as much as 7% of its workforce and shut down some investment funds by the end of the year, a person briefed on the matter said.Lazard told employees about the cutbacks last week, said the person, who asked not to be identified because the move hasn’t been announced. Investment and non-investment roles will be affected, the person said. The unit had 850 employees as of June 30, meaning a 7% reduction could bring about 60 firings.Lazard Asset Management oversees $213.6 billion. The cutbacks come as the broader industry faces pressure from passive funds. In August, index-based equity mutual funds and ETFs surpassed active funds in assets under management, a milestone moment for the industry.This year, Lazard ramped up its focus on quantitative; environmental, social and governance; and artificial intelligence-based strategies for investing. The funds to be eliminated had little potential for growth, the person said. Dow Jones reported the cuts earlier.Read more: With $0 Fees, Schwab Risks Blowing Up Brokerage Model It BuiltTo contact the reporter on this story: Gwen Everett in New York at geverett10@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Dan Reichl, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Lazard cuts investment staff, others
    MarketWatch

    Lazard cuts investment staff, others

    Lazard Ltd. (LAZ) is cutting up to 7% of its employees in its asset-management division and closing some investment funds by years end, people familiar with the matter said, amid a tougher climate for money managers.

  • TheStreet.com

    Lazard Shares Ease as Firm Is Said to Cut 7% of Asset-Management Jobs

    Lazard's job cuts come amid an outflow of assets from its funds and increasingly fierce competition from lower-cost index funds.

  • Financial Times

    Lazard axes 7% of jobs from asset management unit

    Lazard Asset Management, the New York-based fund house with assets of $214bn, has axed more than 60 staff as it withdraws from a range of subscale funds that have failed to win investor support. The cuts, which represent 7 per cent of the more than 850-strong workforce, follow an internal review led by Ashish Bhutani, chief executive of LAM, said two people close to the situation. As a pure-play active manager, Lazard and its midsized peers have suffered investor flight from higher-cost active management to lower-cost passive funds.

  • How Should Investors React To Lazard Ltd's (NYSE:LAZ) CEO Pay?
    Simply Wall St.

    How Should Investors React To Lazard Ltd's (NYSE:LAZ) CEO Pay?

    In 2009 Ken Jacobs was appointed CEO of Lazard Ltd (NYSE:LAZ). First, this article will compare CEO compensation with...

  • Lazard (LAZ) or AllianceBernstein (AB): Which is Better?
    Zacks

    Lazard (LAZ) or AllianceBernstein (AB): Which is Better?

    While AllianceBernstein Holding L.P. (AB) and Lazard (LAZ) are good options with similar business trends, deeper research into their financials will help decide which would be a better investment pick.

  • Lazard (LAZ) August 2019 AUM Declines on Overall Net Outflows
    Zacks

    Lazard (LAZ) August 2019 AUM Declines on Overall Net Outflows

    Lazard's (LAZ) preliminary assets under management (AUM) of $228.8 billion for August 2019 reflect 2.6% fall from the prior month.

  • Business Wire

    Kevin Jach Rejoins Lazard as a Managing Director in Its Middle Market Consumer, Food & Retail Group

    Lazard Ltd announced today that Kevin Jach has returned to its Middle Market Advisory practice as a Managing Director in Lazard’s Middle Market Consumer, Food & Retail group.

  • Business Wire

    Lazard World Dividend & Income Fund Declares Monthly Distribution

    The Board of Directors of Lazard World Dividend & Income Fund, Inc. has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.05799 per share on the Fund’s outstanding common stock.

  • Business Wire

    Lazard Global Total Return and Income Fund Declares Monthly Distribution

    The Board of Directors of Lazard Global Total Return and Income Fund, Inc. has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.08879 per share on the Fund’s outstanding common stock.

  • Business Wire

    Lazard Reports August 2019 Assets Under Management

    Lazard Ltd reported today that its preliminary assets under management as of August 31, 2019 totaled approximately $228.8 billion. The month’s AUM included market depreciation of $3.8 billion; foreign exchange depreciation of $1.8 billion and net outflows of $0.4 billion.

  • John Rogers Tones Down PCTEL Stake
    GuruFocus.com

    John Rogers Tones Down PCTEL Stake

    Guru real-time pick highlight Continue reading...

  • Business Wire

    Lazard Announces Leadership Appointments in UK Investment Banking

    Lazard Ltd (LAZ) announced today that it has named Cyrus Kapadia as Chief Executive Officer (CEO) of Lazard Investment Banking in the UK and William Rucker, CEO of the business since 2004, as Chairman, effective immediately. Archie Norman, Chairman of the business since 2013, will continue to serve Lazard as a Special Adviser to Lazard’s CEO. “William has successfully built and led one of our firm’s most important investment banking franchises in his career at Lazard over the past 30 years,” said Kenneth M. Jacobs, Chairman and CEO of Lazard.

  • How Much Of Lazard Ltd (NYSE:LAZ) Do Institutions Own?
    Simply Wall St.

    How Much Of Lazard Ltd (NYSE:LAZ) Do Institutions Own?

    Every investor in Lazard Ltd (NYSE:LAZ) should be aware of the most powerful shareholder groups. Generally speaking...

  • Why Is Lazard Ltd (LAZ) Down 13.4% Since Last Earnings Report?
    Zacks

    Why Is Lazard Ltd (LAZ) Down 13.4% Since Last Earnings Report?

    Lazard Ltd (LAZ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Three Things You Should Check Before Buying Lazard Ltd (NYSE:LAZ) For Its Dividend
    Simply Wall St.

    Three Things You Should Check Before Buying Lazard Ltd (NYSE:LAZ) For Its Dividend

    Could Lazard Ltd (NYSE:LAZ) be an attractive dividend share to own for the long haul? Investors are often drawn to...