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

Lazard, Inc. (NYSE:LAZ) – Equities research analysts at Seaport Res Ptn decreased their Q3 2026 EPS estimates for shares of Lazard in a research note issued on Wednesday, April 9th. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will earn $0.94 per share for the quarter, down from their previous estimate 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.

A number of other research firms have also commented on LAZ. StockNews.com lowered Lazard from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods upped their price target on shares of Lazard from $52.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of Lazard from $44.00 to $38.00 and set an “equal weight” rating on the stock in a report on Tuesday. The Goldman Sachs Group dropped their target price on shares of Lazard from $51.00 to $44.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. Finally, JMP Securities decreased their price target on shares of Lazard from $60.00 to $55.00 and set a “market outperform” rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Lazard has an average rating of “Hold” and an average price target of $46.83.

Lazard Stock Down 0.9 %

Shares of LAZ opened at $34.64 on Thursday. The company has a market capitalization of $3.91 billion, a P/E ratio of 13.02 and a beta of 1.27. Lazard has a one year low of $31.97 and a one year high of $61.14. The business’s 50 day simple moving average is $46.39 and its 200-day simple moving average is $50.62. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.24 and a quick ratio of 2.24.

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

Lazard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $2.00 dividend on an annualized basis and a yield of 5.77%. Lazard’s payout ratio is presently 75.19%.

Insider Activity

In other news, CEO Peter Richard Orszag sold 64,539 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $45.24, for a total value of $2,919,744.36. Following the transaction, the chief executive officer now owns 234,824 shares of the company’s stock, valued at $10,623,437.76. This represents a 21.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan L. Russo sold 25,000 shares of Lazard stock in a transaction on Friday, February 14th. The stock was sold at an average price of $55.32, for a total value of $1,383,000.00. Following the sale, the chief executive officer now directly owns 163,448 shares of the company’s stock, valued at approximately $9,041,943.36. This trade represents a 13.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,078 shares of company stock valued at $9,120,541. 3.86% of the stock is currently owned by insiders.

Institutional Trading of Lazard

A number of hedge funds have recently modified their holdings of LAZ. Verition Fund Management LLC bought a new stake in Lazard in the third quarter valued at approximately $605,000. HighTower Advisors LLC grew its holdings 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 buying an additional 728 shares during the period. State Street Corp increased 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 buying an additional 55,469 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Lazard by 7.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 28,142 shares of the asset manager’s stock valued at $1,418,000 after buying an additional 1,987 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in Lazard during the 3rd quarter worth $296,000. 54.80% of the stock is currently owned by institutional investors and hedge funds.

About Lazard

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.