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LAZ Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from more than 40 cities and 25 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals.

Company profile

Ticker
LAZ
Exchange
Website
CEO
Kenneth Jacobs
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Lazard Group LLC • Lazard International Holdings, Inc. • Lazard Frères & Co. LLC • Lazard Asset Management LLC • LLtd Corp • Lazard & Co., Holdings Limited • Lazard & Co., Limited • Lazard & Co., Services Limited • Compagnie Financière Lazard Frères SAS • Lazard Frères Gestion SAS ...
IRS number
980437848

LAZ stock data

(
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Calendar

1 Nov 21
24 Jan 22
31 Dec 22
Quarter (USD)
Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Lazard earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Nov 21 Scott D Hoffman Class A Common Stock Sell Dispose S No No 46.2 25,000 1.16M 68,096
19 Nov 21 Dominick Ragone Restricted Class A Common Stock Grant Acquire A No No 0 91 0 14,787
19 Nov 21 Dominick Ragone RSU Class A Common Stock Grant Acquire A No No 0 241 0 23,713
19 Nov 21 Alexandra Soto RSU Class A Common Stock Grant Acquire A No No 0 1,082 0 107,373
19 Nov 21 Peter Richard Orszag Restricted Class A Common Stock Grant Acquire A No No 0 110 0 10,847
15 Nov 21 Alper Andrew M Deferred Stock Units Class A Common Stock Grant Acquire A No No 0 753 0 63,993

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

69.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 226 243 -7.0%
Opened positions 21 32 -34.4%
Closed positions 38 35 +8.6%
Increased positions 67 75 -10.7%
Reduced positions 82 92 -10.9%
13F shares
Current Prev Q Change
Total value 3.78B 3.45B +9.5%
Total shares 77.97M 76.24M +2.3%
Total puts 168.3K 203.6K -17.3%
Total calls 158K 172.4K -8.4%
Total put/call ratio 1.1 1.2 -9.8%
Largest owners
Shares Value Change
FMR 9.71M $444.82M +0.4%
Vanguard 9.65M $441.81M -0.3%
Ariel Investments 8M $366.54M +4.5%
Southeastern Asset Management 5.86M $268.16M +17.9%
BLK Blackrock 4.09M $187.42M -2.2%
TROW T. Rowe Price 3.56M $163.04M -13.8%
JPM JPMorgan Chase & Co. 3.09M $141.4M -18.1%
Epoch Investment Partners 2.98M $136.41M NEW
Charles Schwab Investment Management 2.2M $100.59M -0.4%
MS Morgan Stanley 2.15M $98.47M +34.2%
Largest transactions
Shares Bought/sold Change
Epoch Investment Partners 2.98M +2.98M NEW
Southeastern Asset Management 5.86M +888.19K +17.9%
JPM JPMorgan Chase & Co. 3.09M -683.27K -18.1%
TROW T. Rowe Price 3.56M -572.19K -13.8%
MS Morgan Stanley 2.15M +547.74K +34.2%
Fisher Asset Management 1.64M +368.17K +28.8%
Ariel Investments 8M +345.99K +4.5%
MARSHALL WACE ASIA 756.36K +290.97K +62.5%
Basswood Capital Management, L.L.C. 180.31K -286.16K -61.3%
Royce & Associates 865.85K -246.15K -22.1%

Financial report summary

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Management Discussion
  • The Company reported net income attributable to Lazard Ltd of $107 million, as compared to net income attributable to Lazard Ltd of $75 million in the 2020 period.
  • Net revenue increased $140 million, or 24%, with operating revenue increasing $133 million, or 23%, as compared to the 2020 period. Fee revenue from investment banking and other advisory activities increased $80 million, or 26%, as compared to the 2020 period. Asset management fees, including incentive fees, increased $58 million, or 22%, as compared to the 2020 period. In the aggregate, interest income, other revenue and interest expense increased $2 million, as compared to the 2020 period.
  • Compensation and benefits expense increased $65 million, or 18%, as compared to the 2020 period, primarily associated with increased operating revenue.
Content analysis
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Readability
H.S. junior Bad
New words: enhance, inflation, robust, sector, Telecom
Removed: concurrently, flat, heightened, monetary, negatively