Lazard Inc (NYSE: LAZ) is 4.16% higher 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 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 $52.23 in the last trading session, with the day’s gains setting it 1.39%.
Currently trading at $53.62, the stock is 1.31% and 1.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 2.66% at the moment leaves the stock 12.23% off its SMA200. LAZ registered 38.48% gain for a year compared to 6-month gain of 20.58%. The firm has a 50-day simple moving average (SMA 50) of $52.6714 and a 200-day simple moving average (SMA200) of $47.7035.
The stock witnessed a 17.13% loss in the last 1 month and extending the period to 3 months gives it a -8.25%, and is -0.20% 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 3.17% over the week and 3.44% over the month.
Lazard Inc (LAZ) has around 3291 employees, a market worth around $4.85B and $3.13B in sales. Current P/E ratio is 20.15 and Fwd P/E is 11.26. Profit margin for the company is 8.78%. Distance from 52-week low is 50.79% and -12.30% from its 52-week high. The company has generated returns on investments over the last 12 months (9.73%).
with sales reaching $709.27M over the same period.The EPS is expected to grow by 58.59% this year, but quarterly earnings will post 9.47% year-over-year. Quarterly sales are estimated to shrink -5.00% in year-over-year returns.
The shares outstanding are 87.41M, and float is at 85.13M with Short Float at 7.71%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.7 million shares valued at $408.64 million. The investor’s holdings represent 11.5226 of the LAZ Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.52 million shares valued at $243.04 million to account for 7.1436 of the shares outstanding. The other top investors are ARIEL INVESTMENTS, LLC which holds 6.04 million shares representing 6.5044 and valued at over $230.67 million, while DIMENSIONAL FUND ADVISORS LP holds 3.4328 of the shares totaling 3.13 million with a market value of $116.79 million.
Lazard Inc (LAZ) Insider Activity
Lazard Inc disclosed in a document filed with the SEC on Sep 03 ’24 that JACOBS KENNETH M (Executive Chairman) sold a total of 87,770 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $48.08 per share for $4.22 million. Following the transaction, the insider now directly holds 1.55 million shares of the LAZ stock.
Still, SEC filings show that on Sep 03 ’24, JACOBS KENNETH M (Executive Chairman) disposed off 71,731 shares at an average price of $48.08 for $3.45 million. The insider now directly holds 204,279 shares of Lazard Inc (LAZ).
