Lazard Inc (NYSE: LAZ) is 1.05% 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 $53.91 in the last trading session, with the day’s loss setting it -1.89%.
Currently trading at $52.02, the stock is -2.79% and -0.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -3.51% at the moment leaves the stock 8.03% off its SMA200. LAZ registered 37.40% gain for a year compared to 6-month gain of 8.60%.
The stock witnessed a -2.58% loss in the last 1 month and extending the period to 3 months gives it a -5.42%, and is -2.98% 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 2.43% over the week and 3.24% over the month.
Lazard Inc (LAZ) has around 3291 employees, a market worth around $4.71B and $3.13B in sales. Current P/E ratio is 19.55 and Fwd P/E is 10.93. Profit margin for the company is 8.78%. Distance from 52-week low is 46.29% and -14.92% 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 58.57% 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 90.47M, and float is at 88.07M with Short Float at 7.45%.
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 FMR LLC with 9.78 million shares valued at $373.41 million to account for 10.5292 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 6.52 million shares representing 7.1436 and valued at over $243.04 million, while ARIEL INVESTMENTS, LLC holds 6.5044 of the shares totaling 6.04 million with a market value of $230.67 million.
Lazard Inc (LAZ) Insider Activity
Lazard Inc disclosed in a document filed with the SEC on Feb 12 ’25 that Russo Evan L (CEO of Asset Management) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Feb 12 ’25 and was made at $53.40 per share for $2.67 million. Following the transaction, the insider now directly holds 34336.0 shares of the LAZ stock.
Still, SEC filings show that on Feb 12 ’25, Russo Evan L (CEO of Asset Management) disposed off 35,000 shares at an average price of $53.64 for $1.88 million. The insider now directly holds 188,448 shares of Lazard Inc (LAZ).
