Is Lazard Inc. (NYSE: LAZ) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Capital Markets industry segment, falling under the Financial sector. The current market capitalization of Lazard Inc. is $4.37B. A total of 0.54 million shares were traded on the day, compared to an average of 752.68K shares.

In the most recent transaction, JACOBS KENNETH M sold 87,770 shares of LAZ for 48.08 per share on Sep 03 ’24. After the transaction, the Executive Chairman now owns 1,553,225 company shares. In a previous transaction on Sep 03 ’24, JACOBS KENNETH M sold 71,731 shares at 48.08 per share. LAZ shares that Executive Chairman owns now total 204,279.

Among the insiders who sold shares, JACOBS KENNETH M disposed of 29,503 shares on Sep 04 ’24 at a per-share price of $48.29. This resulted in the Executive Chairman holding 1,523,722 shares of LAZ after the transaction. In another insider transaction, JACOBS KENNETH M bought 29,503 shares at $48.29 per share on Sep 04 ’24.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Lazard Inc. pays an annual dividend of $2.00, resulting in a dividend yield of 4.00%, and it has a price to earnings (P/E) ratio of 32.13. LAZ’s most recent ex-dividend date was 8/5/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 8/16/2024. Previously, the company paid the dividend on 5/17/2024 with an ex-dividend date of 5/3/2024. The LAZ stock dividend was $0.50 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, LAZ has a high of $51.46 and a low of $25.82.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LAZ’s latest balance sheet shows that the firm has $2.81B in Cash & Short Term Investments as of fiscal 2021. There were $2.24B in debt and $2.15B in liabilities at the time. Its Book Value Per Share was $5.09, while its Total Shareholder’s Equity was $1.65B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LAZ is Buy with a score of 3.88.

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