News headlines about Lazard (NYSE:LAZ) have trended positive on Saturday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lazard earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 47.5274753444616 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Form 4 Lazard Ltd For: May 15 Filed by: JACOBS KENNETH M (streetinsider.com)
- Opinion: Who’d be foolish enough to buy Argentina’s 100-year bonds? The biggest fund companies out there (marketwatch.com)
- Is Lazard Global List Infrastructure Open (GLFOX) a Strong Mutual Fund Pick Right Now? (zacks.com)
- Bridgehouse Asset Managers Announces Fee Reductions and Certain Other Changes to Its Mutual Fund Lineup (globenewswire.com)
- Focusing the Lens on Lazard Ltd (LAZ) Shares: Technical Update (parkcitycaller.com)
Several equities analysts have recently weighed in on LAZ shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $67.00 target price on shares of Lazard in a research report on Thursday, February 1st. Nomura upped their price objective on Lazard from $62.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. JMP Securities upped their price objective on Lazard from $63.00 to $65.00 and gave the company a “market outperform” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Lazard from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Monday, February 5th. Finally, TheStreet downgraded Lazard from an “a-” rating to a “c+” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $60.13.
Shares of Lazard stock opened at $55.02 on Friday. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.44 and a beta of 1.86. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.97 and a current ratio of 1.97. Lazard has a 52 week low of $40.50 and a 52 week high of $60.00.
Lazard (NYSE:LAZ) last posted its quarterly earnings results on Thursday, April 26th. The asset manager reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.22. Lazard had a return on equity of 44.63% and a net margin of 10.81%. The business had revenue of $724.00 million for the quarter, compared to the consensus estimate of $652.99 million. During the same quarter in the prior year, the company earned $0.83 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. equities analysts expect that Lazard will post 4.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 18th. Stockholders of record on Monday, May 7th were given a dividend of $0.44 per share. This is an increase from Lazard’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, May 4th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.20%. Lazard’s dividend payout ratio is presently 46.56%.
In other news, CAO Scott D. Hoffman sold 15,000 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $52.13, for a total transaction of $781,950.00. Following the transaction, the chief accounting officer now owns 147,341 shares of the company’s stock, valued at approximately $7,680,886.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Alexander F. Stern sold 65,160 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $53.12, for a total value of $3,461,299.20. Following the transaction, the chief operating officer now directly owns 276,886 shares in the company, valued at approximately $14,708,184.32. The disclosure for this sale can be found here. Insiders have sold a total of 95,320 shares of company stock worth $5,053,854 in the last three months. Corporate insiders own 2.76% of the company’s stock.
Lazard Company Profile
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters.
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