lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 43 cities across 27 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. social media disclosure: https://www.lazard.com/social-media-disclosure/
Company profile
Ticker
LAZ
Exchange
Website
CEO
Kenneth Jacobs
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Lazard Ltd
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
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
3 Apr 24
ARS
2023 FY
Annual report to shareholders
21 Mar 24
DEFA14A
Additional proxy soliciting materials
21 Mar 24
DEF 14A
Definitive proxy
21 Mar 24
8-K
Lazard Announces Results of Cash Tender Offer of Lazard Group LLC
13 Mar 24
8-K
Lazard Announces Total Consideration
12 Mar 24
8-K
Lazard Announces Commencement of Senior Notes Offering and Concurrent Tender Offer by Lazard Group LLC
6 Mar 24
10-K
2023 FY
Annual report
23 Feb 24
POSASR
Automatic shelf registration (post-effective amendment)
2 Feb 24
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Feb 24
Transcripts
LAZ
Earnings call transcript
2023 Q4
1 Feb 24
LAZ
Earnings call transcript
2023 Q3
26 Oct 23
LAZ
Earnings call transcript
2023 Q2
27 Jul 23
LAZ
Earnings call transcript
2023 Q1
28 Apr 23
LAZ
Earnings call transcript
2022 Q4
2 Feb 23
LAZ
Earnings call transcript
2022 Q1
28 Apr 22
LAZ
Earnings call transcript
2021 Q4
3 Feb 22
LAZ
Earnings call transcript
2021 Q3
29 Oct 21
LAZ
Earnings call transcript
2021 Q1
30 Jul 21
LAZ
Earnings call transcript
2021 Q1
30 Apr 21
Latest ownership filings
4
Peter Richard Orszag
13 Mar 24
4
KENNETH M JACOBS
13 Mar 24
4
Evan L Russo
13 Mar 24
144
Notice of proposed sale of securities
13 Mar 24
4
Alexandra Soto
5 Mar 24
4
KENNETH M JACOBS
26 Feb 24
4
Michael Gathy
26 Feb 24
4
Evan L Russo
26 Feb 24
4
Mary Ann Betsch
26 Feb 24
4
Christian A. Weideman
26 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 687.39 mm | 687.39 mm | 687.39 mm | 687.39 mm | 687.39 mm | 687.39 mm |
Cash burn (monthly) | 15.24 mm | 77.82 mm | 1.62 mm | 6.56 mm | (no burn) | (no burn) |
Cash used (since last report) | 101.75 mm | 519.42 mm | 10.81 mm | 43.78 mm | n/a | n/a |
Cash remaining | 585.64 mm | 167.97 mm | 676.59 mm | 643.61 mm | n/a | n/a |
Runway (months of cash) | 38.4 | 2.2 | 417.9 | 98.1 | n/a | n/a |
Institutional ownership, Q3 2023
70.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 188 |
Opened positions | 26 |
Closed positions | 30 |
Increased positions | 60 |
Reduced positions | 65 |
13F shares | Current |
---|---|
Total value | 1.88 tn |
Total shares | 61.78 mm |
Total puts | 123.90 k |
Total calls | 239.70 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 10.52 mm | $326.22 bn |
FMR | 9.56 mm | $296.56 bn |
Ariel Investments | 7.17 mm | $222.28 bn |
BLK Blackrock | 4.30 mm | $133.27 bn |
Charles Schwab Investment Management | 2.83 mm | $87.63 bn |
STT State Street | 2.25 mm | $69.87 bn |
MS Morgan Stanley | 2.20 mm | $68.29 bn |
Epoch Investment Partners | 2.19 mm | $67.78 bn |
Fisher Asset Management | 2.07 mm | $64.04 bn |
Geode Capital Management | 1.61 mm | $50.06 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Mar 24 | Evan L Russo | Common Stock | Sell | Dispose S | No | No | 39.35 | 75,000 | 2.95 mm | 227,448 |
11 Mar 24 | Evan L Russo | Common Stock | Sale back to company | Dispose D | No | No | 39.2 | 75,000 | 2.94 mm | 302,448 |
11 Mar 24 | Evan L Russo | Common Stock | Option exercise | Acquire M | No | No | 0 | 168,539 | 0.00 | 377,448 |
11 Mar 24 | Evan L Russo | Performance-based Restricted Participation Units Common Stock | Option exercise | Dispose M | No | No | 0 | 168,539 | 0.00 | 0 |
11 Mar 24 | Kenneth M Jacobs | Common Stock | Sale back to company | Dispose D | No | No | 39.2 | 160,000 | 6.27 mm | 2,143,722 |
11 Mar 24 | Kenneth M Jacobs | Common Stock | Option exercise | Acquire M | No | No | 0 | 321,025 | 0.00 | 2,303,722 |
11 Mar 24 | Kenneth M Jacobs | Performance-based Restricted Participation Units Common Stock | Option exercise | Dispose M | No | No | 0 | 321,025 | 0.00 | 0 |
11 Mar 24 | Peter Richard Orszag | Common Stock | Sale back to company | Dispose D | No | No | 39.2 | 50,000 | 1.96 mm | 101,522 |
11 Mar 24 | Peter Richard Orszag | Common Stock | Option exercise | Acquire M | No | No | 0 | 77,781 | 0.00 | 151,522 |
11 Mar 24 | Peter Richard Orszag | Restricted Participation Rights Common Stock | Option exercise | Dispose M | No | No | 0 | 77,781 | 0.00 | 138,340 |
News
Lazard Partners With Elaia To Launch European Tech Investment Powerhouse
18 Apr 24
Analyst Ratings For Lazard
11 Apr 24
Morgan Stanley Maintains Overweight on Lazard, Maintains $58 Price Target
11 Apr 24
Decoding 5 Analyst Evaluations For Lazard
26 Mar 24
UBS Maintains Neutral on Lazard, Raises Price Target to $44
26 Mar 24
Press releases
Lazard and Elaia Partners Form Strategic Partnership, Including the Launch of Lazard Elaia Capital, a Technology Focused Private Equity Investment Platform
18 Apr 24
Lazard to Announce First Quarter 2024 Financial Results
12 Apr 24
Lazard Reports March 2024 Assets Under Management
10 Apr 24
Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in February
22 Mar 24
Lazard Announces Results of Cash Tender Offer of Lazard Group LLC
13 Mar 24