What is Seaport Res Ptn's Forecast for Lazard Q3 Earnings?

Lazard, Inc. (NYSE:LAZ - Free Report) - Equities research analysts at Seaport Res Ptn decreased their Q3 2026 earnings estimates for Lazard in a research report issued on Wednesday, April 9th. Seaport Res Ptn analyst J. Mitchell now anticipates that the asset manager will post earnings of $0.94 per share for the quarter, down from their prior forecast of $1.13. The consensus estimate for Lazard's current full-year earnings is $4.24 per share. Seaport Res Ptn also issued estimates for Lazard's Q4 2026 earnings at $1.51 EPS.

Lazard (NYSE:LAZ - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The asset manager reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. Lazard had a return on equity of 44.58% and a net margin of 8.98%.

Several other analysts have also issued reports on the company. Morgan Stanley lowered Lazard from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $56.00 to $33.00 in a report on Monday, April 7th. UBS Group increased their price objective on Lazard from $50.00 to $54.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Lazard from $52.00 to $57.00 and gave the stock a "market perform" rating in a research note on Friday, January 31st. JMP Securities decreased their target price on Lazard from $60.00 to $55.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, StockNews.com downgraded shares of Lazard from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $46.83.

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Lazard Stock Up 1.0 %

LAZ traded up $0.35 on Thursday, reaching $35.93. 266,975 shares of the company traded hands, compared to its average volume of 938,863. Lazard has a 52-week low of $31.97 and a 52-week high of $61.14. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 13.51 and a beta of 1.27. The stock's 50 day moving average price is $46.03 and its 200-day moving average price is $50.52.

Institutional Trading of Lazard

Institutional investors and hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC bought a new stake in Lazard in the third quarter valued at about $605,000. HighTower Advisors LLC increased its stake in shares of Lazard by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 40,425 shares of the asset manager's stock valued at $2,028,000 after acquiring an additional 728 shares during the last quarter. State Street Corp raised its position in shares of Lazard by 2.9% in the 3rd quarter. State Street Corp now owns 1,948,167 shares of the asset manager's stock valued at $98,149,000 after acquiring an additional 55,469 shares during the period. Orion Portfolio Solutions LLC boosted its stake in Lazard by 7.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 28,142 shares of the asset manager's stock worth $1,418,000 after acquiring an additional 1,987 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in Lazard during the third quarter valued at approximately $296,000. Institutional investors own 54.80% of the company's stock.

Insider Activity

In other Lazard news, CEO Peter Richard Orszag sold 64,539 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $45.24, for a total transaction of $2,919,744.36. Following the completion of the sale, the chief executive officer now directly owns 234,824 shares of the company's stock, valued at approximately $10,623,437.76. The trade was a 21.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Evan L. Russo sold 35,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $53.64, for a total transaction of $1,877,400.00. Following the completion of the transaction, the chief executive officer now directly owns 188,448 shares in the company, valued at $10,108,350.72. This trade represents a 15.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,078 shares of company stock valued at $9,120,541 over the last three months. 3.86% of the stock is owned by insiders.

Lazard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date was Monday, February 10th. Lazard's dividend payout ratio is presently 75.19%.

Lazard Company Profile

Lazard, Inc, together with its subsidiaries, operates as a financial advisory and asset management firm in North and South America, Europe, the Middle East, Asia, and Australia. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical advisory, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services.