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Asset Management
Lazard Ltd is a global investment banking and financial advisory company that has been in operation since 1848. The company provides strategic advice on mergers and acquisitions, restructuring, capital markets, and other financial matters to corporations, governments, and other organizations. Lazard Ltd is listed on the New York Stock Exchange (NYSE) under the ticker symbol "LAZ."
Here are some key points to know about Lazard Ltd'ises have performed in terms of stock price, earnings, and growth:
1. Stock Price: As of March 11th 2023, Lazard Ltd's stock price closed at $44.44 per share. Over the past year, the stock's price range has been between $37.16 and $50.87.
2. Earnings: Lazard Ltd has consistently delivered profitable results over the years. In its most recent quarterly earnings report, the company reported net income of $127 million, or $0.84 per share, surpassing analysts estimates.
3. Revenue: Lazard Ltd's revenue has been relatively stable in recent years, ranging between $500 million to $600 million per quarter. In its most recent quarter, the company reported revenue of $502 million.
4. Growth: Lazard Ltd has expanded its business through several strategic acquisitions and partnerships. The company has made significant investments in its asset management division, which has helped to diversify its revenue streams. Additionally, Lazard Ltd has been actively hiring seasoned bankers and financial professionals to strengthen its investment banking division.
5. Dividend: Lazard Ltd has consistently paid dividends to its shareholders and has a history of increasing its dividend payout over time. The company's current dividend yield is around 5.07%.
6. Valuation: As of March 2023, Lazard Ltd's price-to-earnings (P/E) ratio is around 12.87, which is relatively low compared to its industry peers. The company's price-to-book (P/B) ratio is around 2.17, suggesting that its stock may be undervalued relative to its book value.
7. Analyst Estimates: According to analyst estimates, Lazard Ltd's earnings per share (EPS) are expected to grow at an average annual rate of 10% over the next five years. The company's revenue is expected to increase by 4.5% annually over the same period.
8. Insider Trading Activity: Insider trading activity for Lazard Ltd has been relatively low. According to Form 4 data, the most recent insider transaction was a sale of 20,000 shares by the company's Chairman and CEO, Kenneth M. Jacobs, in early January 2023.
9. Institutional Ownership: Institutional investors own approximately 95% of Lazard Ltd's outstanding shares. Some of the company's largest shareholders include The Vanguard Group, BlackRock, State Street Corporation, and FMR LLC.
In conclusion, Lazard Ltd has delivered consistent earnings growth, a stable revenue stream, and a growing dividend payout. The company's stock price has been relatively stable, trading at a relatively low P/E ratio and P/B ratio, suggesting that it may be undervalued. However, analysts' forecasts indicate that the company's earnings and revenue growth may slow down in the near future. Institutional ownership is substantial, indicating that institutional investors have faith in the company's long-term potential. As always, it is crucial to do your research and consider your investment goals and risk tolerance before making any investment decisions.