Lazard Inc (NYSE: LAZ) is 68.91% higher on its value in year-to-date trading and has touched a low of $25.82 and a high of $61.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LAZ stock was last observed hovering at around $61.01 in the last trading session, with the day’s loss setting it -2.23%.
Currently trading at $58.78, the stock is 10.60% and 16.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -3.66% at the moment leaves the stock 35.98% off its SMA200. LAZ registered 106.25% gain for a year compared to 6-month gain of 50.91%. The firm has a 50-day simple moving average (SMA 50) of $50.4174 and a 200-day simple moving average (SMA200) of $43.1282.
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The stock witnessed a 18.75% loss in the last 1 month and extending the period to 3 months gives it a 29.47%, and is 10.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.28% over the week and 3.31% over the month.
Lazard Inc (LAZ) has around 3291 employees, a market worth around $5.32B and $3.07B in sales. Current P/E ratio is 23.38 and Fwd P/E is 14.48. Profit margin for the company is 8.17%. Distance from 52-week low is 127.65% and -3.86% from its 52-week high. The company has generated returns on investments over the last 12 months (8.85%).
The EPS is expected to grow by 189.75% this year
351.0 institutions hold shares in Lazard Inc (LAZ), with institutional investors hold 72.39% of the company’s shares. The shares outstanding are 87.43M, and float is at 84.62M with Short Float at 3.34%. Institutions hold 70.28% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.52 million shares valued at $243.04 million. The investor’s holdings represent 7.1436 of the LAZ Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.04 million shares valued at $187.78 million to account for 5.5193 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.13 million shares representing 3.4328 and valued at over $116.79 million, while LSV ASSET MANAGEMENT holds 1.9316 of the shares totaling 1.76 million with a market value of $65.72 million.
Lazard Inc (LAZ) Insider Activity
The most recent transaction is an insider sale by JACOBS KENNETH M, the company’s Executive Chairman. SEC filings show that JACOBS KENNETH M sold 87,770 shares of the company’s common stock on Sep 03 ’24 at a price of $48.08 per share for a total of $4.22 million. Following the sale, the insider now owns 1.55 million shares.
Lazard Inc disclosed in a document filed with the SEC on Sep 03 ’24 that JACOBS KENNETH M (Executive Chairman) sold a total of 71,731 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $48.08 per share for $3.45 million. Following the transaction, the insider now directly holds 0.2 million shares of the LAZ stock.
Still, SEC filings show that on Sep 04 ’24, JACOBS KENNETH M (Executive Chairman) disposed off 29,503 shares at an average price of $48.29 for $1.42 million. The insider now directly holds 1,523,722 shares of Lazard Inc (LAZ).
