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LAZ Lazard Ltd.

Lazard Ltd. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.

Company profile

Ticker
LAZ
Exchange
NYSE
Website
www.lazard.com
CEO
Kenneth Marc Jacobs
Employees
Incorporated
Bermuda
Location
Bermuda
Fiscal year end
Dec 31
Sector
Finance > Investment Banks/Brokers
Industry (SIC)
Investment Advice
Oaktree Capital • Ares Management • Blackstone Group Inc • Carlyle Group Inc • Ameriprise Financial • Franklin Resources • Legg Mason • BrightSphere Investment • Invesco • Affiliated Managers ...
SEC CIK
0001311370
Corporate docs
IRS number
980437848

LAZ stock data

(
)

Calendar

2 Nov 20
24 Jan 21
31 Dec 21

News

Financial summary

Financial statements Chart LAZ financial data
Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
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.

Recent insider trades

LAZ insider ownership history Insider history
Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
20 Nov 20 Ashish Bhutani Class A Common Stock Payment of exercise Dispose F No 36.45 318 11.59K 828,755
20 Nov 20 Ashish Bhutani Class A Common Stock Option exercise Aquire M No 0 318 0 829,073
20 Nov 20 Ashish Bhutani Restricted Class A Common Stock Option exercise Dispose M No 0 318 0 28,367
20 Nov 20 Ashish Bhutani Restricted Class A Common Stock Option exercise Aquire M No 0 596 0 28,685
20 Nov 20 Ashish Bhutani RSU Restricted Class A Common Stock Option exercise Dispose M No 0 596 0 0
20 Nov 20 Ashish Bhutani RSU Class A Common Stock Grant Aquire A No 0 596 0 596
20 Nov 20 Scott D Hoffman Restricted Class A Common Stock Option exercise Aquire M No 0 286 0 14,731
20 Nov 20 Scott D Hoffman RSU Restricted Class A Common Stock Option exercise Dispose M No 0 286 0 0
20 Nov 20 Scott D Hoffman RSU Class A Common Stock Grant Aquire A No 0 286 0 286
20 Nov 20 Evan L Russo RSU Class A Common Stock Grant Aquire A No 0 330 0 6,735
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q3 2020

LAZ institutional ownership history Ownership history
69.2% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 203 200 +1.5%
Opened positions 34 32 +6.3%
Closed positions 31 41 -24.4%
Increased positions 58 56 +3.6%
Reduced positions 73 79 -7.6%
13F shares
 Current Prev Q Change
Total value 3.43B 2.24B +53.0%
Total shares 78M 78.08M -0.1%
Total puts 183.1K 188.8K -3.0%
Total calls 266.1K 227.8K +16.8%
Total put/call ratio 0.7 0.8 -17.0%
Largest owners
 Shares Value Change
FMR 9.57M $316.17M +1.5%
Vanguard 8.73M $288.57M -11.0%
TROW T. Rowe Price 8.28M $273.82M -2.2%
Southeastern Asset Management 7.04M $232.66M +0.3%
Ariel Investments 5.5M $181.85M +1.9%
JPM JPMorgan Chase & Co. 3.58M $116.53M -7.6%
BLK Blackrock 3.2M $105.8M -3.4%
RWC Asset Management 2.93M $96.74M +13.4%
Epoch Investment Partners 2.22M $73.28M -3.6%
Charles Schwab Investment Management 1.84M $60.73M +32.5%
Largest transactions
 Shares Bought/sold Change
LSV Asset Management 0 -2.39M EXIT
Vanguard 8.73M -1.08M -11.0%
BCS Barclays 1.03M +916.41K +803.7%
Hosking Partners 671.63K +671.63K NEW
MS Morgan Stanley 976.53K +555.74K +132.1%
Charles Schwab Investment Management 1.84M +450.26K +32.5%
Pinnacle Associates 6.9K -437.45K -98.4%
RWC Asset Management 2.93M +345.22K +13.4%
JPM JPMorgan Chase & Co. 3.58M -294.16K -7.6%
Arrowstreet Capital, Limited Partnership 837.91K +287.02K +52.1%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Morgan Stanley • Credit Suisse • Citigroup • Goldman Sachs • Morgan Stanley • Invesco • Deutsche Bank • Credit Suisse • Ubs • Credit Suisse
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Bad
New words: bond, Euro, flat, recovering, Stoxx
From filing 10-Q 2020 Q3

Financial reports

View all
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
25 Feb 20
10-Q
2019 Q3
Quarterly report
5 Nov 19
10-Q
2019 Q2
Quarterly report
29 Jul 19
10-Q
2019 Q1
Quarterly report
30 Apr 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
29 Oct 18
10-Q
2018 Q2
Quarterly report
31 Jul 18

Current reports

View all
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
8-K
Lazard LTD Reports Third-quarter and Nine-month 2019 Results
31 Oct 19
8-K
Lazard LTD Reports
25 Jul 19
8-K
Lazard LTD Reports
25 Apr 19
8-K
Departure of Directors or Certain Officers
3 Apr 19
8-K
Lazard Announces Results of
12 Mar 19

Registration and prospectus

View all
S-3ASR
Automatic shelf registration
30 Apr 19
S-8
Registration of securities for employees
30 Apr 18
S-8
Registration of securities for employees
2 May 17
S-3ASR
Automatic shelf registration
27 Apr 16
424B3
Prospectus supplement
13 May 14
S-8
Registration of securities for employees
10 Feb 14
424B3
Prospectus supplement
13 May 13
S-3ASR
Automatic shelf registration
3 May 13
424B5
Prospectus supplement for primary offering
3 Nov 10
424B3
Prospectus supplement
1 Nov 10

Proxies

View all
DEFA14A
Additional proxy soliciting materials
16 Apr 20
DEFA14A
Additional proxy soliciting materials
13 Mar 20
DEF 14A
Definitive proxy
12 Mar 20
DEF 14A
Definitive proxy
15 Mar 19
DEF 14A
Definitive proxy
15 Mar 18
DEF 14A
Definitive proxy
14 Mar 17
DEF 14A
Definitive proxy
10 Mar 16
DEF 14A
Definitive proxy
16 Mar 15
DEF 14A
Definitive proxy
20 Mar 14
DEF 14A
Definitive proxy
15 Mar 13

Other

View all
NO ACT
No action letter
20 Jan 16
UPLOAD
Letter from SEC
11 Dec 13
CORRESP
Correspondence with SEC
5 Dec 13
CORRESP
Correspondence with SEC
3 Oct 13
CORRESP
Correspondence with SEC
20 Sep 13
UPLOAD
Letter from SEC
5 Sep 13
UPLOAD
Letter from SEC
8 Aug 12
CORRESP
Correspondence with SEC
27 Jul 12
CORRESP
Correspondence with SEC
13 Jul 12
UPLOAD
Letter from SEC
26 Jun 12

Ownership

View all
4/A
Lazard / Evan L Russo ownership change
31 Dec 20
3
Lazard / Peter Richard Orszag ownership change
31 Dec 20
SC 13G/A
Lazard / SOUTHEASTERN ASSET MANAGEMENT ownership change
10 Dec 20
4
Lazard / DOMINICK RAGONE ownership change
24 Nov 20
4
Lazard / Alexander F. Stern ownership change
24 Nov 20
4
Lazard / Alexandra Soto ownership change
24 Nov 20
4
Lazard / Evan L Russo ownership change
24 Nov 20
4
Lazard / KENNETH M JACOBS ownership change
24 Nov 20
4
Lazard / Scott D Hoffman ownership change
24 Nov 20
4
Lazard / ASHISH BHUTANI ownership change
24 Nov 20