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
Corporate docs
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
()
News
Overview Of Value Stocks In The Financial Services Sector
20 Jan 22
UBS Maintains Neutral on Lazard, Lowers Price Target to $43
4 Jan 22
Morgan Stanley Maintains Overweight on Lazard, Lowers Price Target to $55
8 Dec 21
Lazard Q3 Adj. EPS $0.98 Beats $0.95 Estimate
29 Oct 21
Earnings Scheduled For October 29, 2021
29 Oct 21
Press releases
Lazard Global Total Return and Income Fund Declares Monthly Distribution
21 Jan 22
Lazard to Announce Full-year and Fourth-quarter 2021 Results
19 Jan 22
Lazard Reports December 2021 Assets Under Management
12 Jan 22
Global Online Trading Solutions are Booming While Projected to Reach a Value of $18 Billion by 2027
5 Jan 22
Lazard Global Total Return and Income Fund Announces New Monthly Distribution Amount
3 Jan 22
Calendar
1 Nov 21
24 Jan 22
31 Dec 22
Financial summary
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Financial data from Lazard earnings reports.
Recent insider trades
| 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 |
Institutional ownership Q3 2021
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 |
|---|---|
| Total holders | 226 |
| Opened positions | 21 |
| Closed positions | 38 |
| Increased positions | 67 |
| Reduced positions | 82 |
13F shares |
Current |
|---|---|
| Total value | 3.78B |
| Total shares | 77.97M |
| Total puts | 168.3K |
| Total calls | 158K |
| Total put/call ratio | 1.1 |
Largest owners |
Shares | Value |
|---|---|---|
| FMR | 9.71M | $444.82M |
| Vanguard | 9.65M | $441.81M |
| Ariel Investments | 8M | $366.54M |
| Southeastern Asset Management | 5.86M | $268.16M |
| BLK Blackrock | 4.09M | $187.42M |
| TROW T. Rowe Price | 3.56M | $163.04M |
| JPM JPMorgan Chase & Co. | 3.09M | $141.4M |
| Epoch Investment Partners | 2.98M | $136.41M |
| Charles Schwab Investment Management | 2.2M | $100.59M |
| MS Morgan Stanley | 2.15M | $98.47M |
Financial report summary
?Competition
Credit Suisse • Citigroup • Goldman Sachs • Morgan Stanley • Invesco • Credit Suisse • Ubs • Credit Suisse • Greenhill & Co • Houlihan LokeyManagement 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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| Positive | ||
| Negative | ||
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H.S. junior Bad
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New words:
enhance, inflation, robust, sector, Telecom
Removed:
concurrently, flat, heightened, monetary, negatively
Financial reports
10-Q
2021 Q3
Quarterly report
1 Nov 21
10-Q
2021 Q2
Quarterly report
2 Aug 21
10-Q
2021 Q1
Quarterly report
3 May 21
10-K
2020 FY
Annual report
26 Feb 21
10-Q
2020 Q3
Quarterly report
2 Nov 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
4 May 20
10-K
2019 FY
Annual report
24 Feb 20
10-Q
2019 Q3
Quarterly report
4 Nov 19
10-Q
2019 Q2
Quarterly report
29 Jul 19
Current reports
8-K
Lazard LTD Reports Third-quarter and Nine-month 2021 Results
29 Oct 21
8-K
Departure of Directors or Certain Officers
12 Oct 21
8-K
Lazard LTD Reports Second-quarter and First-half 2021 Results
30 Jul 21
8-K
Lazard LTD Reports First-quarter 2021 Results
30 Apr 21
8-K
Lazard LTD Reports Full-year and Fourth-quarter 2020 Results
5 Feb 21
8-K
Lazard LTD Reports Third-quarter and Nine-month 2020 Results
29 Oct 20
8-K
Lazard LTD Reports Second-quarter and First-half 2020 Results
31 Jul 20
8-K
Entry into a Material Definitive Agreement
23 Jul 20
8-K
Lazard LTD Reports First-quarter 2020 Results
30 Apr 20
8-K
Lazard LTD Reports Full-year and Fourth-quarter 2019 Results
30 Jan 20
Registration and prospectus
S-3ASR
Automatic shelf registration
30 Apr 19
S-8
Registration of securities for employees
29 Apr 18
S-8
Registration of securities for employees
1 May 17
S-3ASR
Automatic shelf registration
26 Apr 16
424B3
Prospectus supplement
12 May 14
S-8
Registration of securities for employees
9 Feb 14
424B3
Prospectus supplement
12 May 13
S-3ASR
Automatic shelf registration
2 May 13
424B5
Prospectus supplement for primary offering
2 Nov 10
424B3
Prospectus supplement
31 Oct 10
Proxies
DEFA14A
Additional proxy soliciting materials
16 Mar 21
DEF 14A
Definitive proxy
16 Mar 21
DEFA14A
Additional proxy soliciting materials
16 Apr 20
DEFA14A
Additional proxy soliciting materials
12 Mar 20
DEF 14A
Definitive proxy
12 Mar 20
DEF 14A
Definitive proxy
15 Mar 19
DEF 14A
Definitive proxy
14 Mar 18
DEF 14A
Definitive proxy
13 Mar 17
DEF 14A
Definitive proxy
9 Mar 16
DEF 14A
Definitive proxy
15 Mar 15
Other
NO ACT
No action letter
19 Jan 16
UPLOAD
Letter from SEC
10 Dec 13
CORRESP
Correspondence with SEC
4 Dec 13
CORRESP
Correspondence with SEC
2 Oct 13
CORRESP
Correspondence with SEC
19 Sep 13
UPLOAD
Letter from SEC
4 Sep 13
UPLOAD
Letter from SEC
7 Aug 12
CORRESP
Correspondence with SEC
26 Jul 12
CORRESP
Correspondence with SEC
12 Jul 12
UPLOAD
Letter from SEC
25 Jun 12
Ownership
4
Lazard / Alexandra Soto ownership change
23 Nov 21
4
Lazard / DOMINICK RAGONE ownership change
23 Nov 21
4
Lazard / Peter Richard Orszag ownership change
23 Nov 21
4
Lazard / Scott D Hoffman ownership change
23 Nov 21
4
Lazard / RICHARD D PARSONS ownership change
17 Nov 21
4
Lazard / Jane L Mendillo ownership change
17 Nov 21
4
Lazard / RICHARD N HAASS ownership change
17 Nov 21
4
Lazard / Andrew M Alper ownership change
17 Nov 21
4
Lazard / DOMINICK RAGONE ownership change
2 Sep 21
4
Lazard / DOMINICK RAGONE ownership change
24 Aug 21
Transcripts
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q1
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
5 Feb 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
30 Apr 20
2019 Q4
Earnings call transcript
30 Jan 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
25 Jul 19
Reddit threads
Is 4% dividend return viable in a growth portfolio?
14 Jan 22
Almost at $100 in dividends!!! Feb 12 is 1 year for me, I hope I cross that $100 dividend milestone by then! Mad respect for you guys that get $100/mo in FREE MONEY!!! 😎
13 Jan 22
If you could only have 10 dividend paying stocks for life and you had to buy them tomorrow, what would they be?
28 Dec 21
Position Sizing...Size does matter
7 Dec 21
What do you guys think of my portfolio now. I moved things together. I’m aiming towards growth stock
16 Nov 21
Daily Discussion Thread - November 5th, 2021
5 Nov 21
Daily Discussion Thread - November 4th, 2021
4 Nov 21
What do you guys think of my Portfolio
3 Nov 21
(10/29) Friday's Pre-Market Stock Movers & News
29 Oct 21
(10/29) Friday's Pre-Market Stock Movers & News
29 Oct 21