Lazard Inc (NYSE: LAZ) is -3.40% lower on its value in year-to-date trading and has touched a low of $35.56 and a high of $61.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LAZ stock was last observed hovering at around $46.89 in the last trading session, with the day’s gains setting it 2.84%.
Currently trading at $49.73, the stock is -1.65% and -7.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 6.06% at the moment leaves the stock 7.02% off its SMA200. LAZ registered 30.39% gain for a year compared to 6-month gain of 9.76%. The firm has a 50-day simple moving average (SMA 50) of $53.9226 and a 200-day simple moving average (SMA200) of $46.43025.
The stock witnessed a -7.08% loss in the last 1 month and extending the period to 3 months gives it a -4.71%, and is -0.94% down 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 3.42% over the week and 3.23% over the month.
Lazard Inc (LAZ) has around 3291 employees, a market worth around $4.50B and $3.07B in sales. Current P/E ratio is 19.78 and Fwd P/E is 13.31. Profit margin for the company is 8.17%. Distance from 52-week low is 39.85% and -18.66% 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 168.93% this year
351.0 institutions hold shares in Lazard Inc (LAZ), with institutional investors hold 73.57% of the company’s shares. The shares outstanding are 90.47M, and float is at 85.13M with Short Float at 5.46%. Institutions hold 71.52% 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).
