Lazard (LAZ)

Company Profile

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

NYSE

Website

www.lazard.com

CEO

Kenneth Jacobs

Incorporated

Bermuda

Location

Bermuda

Fiscal year end

Dec 31

Sector

Finance and Insurance > Investment Banking and Securities Dealing

Industry (SIC)

Investment Advice

Apollo Global Management Inc - • Carlyle Group Inc • Blackstone • Ares Management • Invesco • Franklin Resources • Ameriprise Financial • TPG • Legg Mason • Affiliated Managers ...

SEC CIK

0001311370

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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8-K

Lazard LTD Reports Full-year and Fourth-quarter 2022 Results

31 Oct 22

Lazard LTD Reports Third-quarter and Nine-month 2022 Results

1 Aug 22

Lazard LTD Reports Second-quarter and First-half 2022 Results

28 Jul 22

8-K

Submission of Matters to a Vote of Security Holders

2 May 22

Lazard LTD Reports First-quarter 2022 Results

28 Apr 22

8-K

Lazard LTD Reports First-quarter 2022 Results

28 Apr 22

DEFA14A

Additional proxy soliciting materials

6 Apr 22

Transcripts

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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

LAZ

Earnings call transcript

2020 Q4

5 Feb 21

LAZ

Earnings call transcript

2020 Q3

29 Oct 20

LAZ

Earnings call transcript

2020 Q2

31 Jul 20

LAZ

Earnings call transcript

2020 Q1

30 Apr 20

Latest ownership filings

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Financial summary

Financial statements Chart LAZ financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
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)	1.62 bn	1.62 bn	1.62 bn	1.62 bn	1.62 bn	1.62 bn
Cash burn (monthly)	(no burn)	14.91 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	62.43 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.56 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	104.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Lazard earnings reports.

Institutional ownership, Q3 2022

LAZ institutional ownership history Ownership history

61.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	206	208	-1.0%
Opened positions	29	27	+7.4%
Closed positions	31	46	-32.6%
Increased positions	54	56	-3.6%
Reduced positions	75	74	+1.4%

13F shares	Current	Prev Q	Change
Total value	2.19 bn	2.39 bn	-8.3%
Total shares	68.77 mm	73.34 mm	-6.2%
Total puts	226.40 k	597.50 k	-62.1%
Total calls	543.40 k	246.50 k	+120.4%
Total put/call ratio	0.4	2.4	-82.8%

Largest owners	Shares	Value	Change
FMR	10.59 mm	$337.18 mm	-6.0%
Vanguard	10.07 mm	$320.38 mm	+1.3%
Ariel Investments	7.89 mm	$251.09 mm	-9.5%
Southeastern Asset Management	4.93 mm	$157.05 mm	-5.0%
BLK Blackrock	4.67 mm	$148.64 mm	+0.5%
T. Rowe Price	3.23 mm	$102.93 mm	-13.8%
Charles Schwab Investment Management	2.52 mm	$80.20 mm	+6.6%
Epoch Investment Partners	2.46 mm	$78.21 mm	-11.1%
Fisher Asset Management	2.28 mm	$72.54 mm	-2.0%
RWC Asset Management	2.11 mm	$67.03 mm	-0.6%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-1.90 mm	EXIT
Ariel Investments	7.89 mm	-831.99 k	-9.5%
FMR	10.59 mm	-672.10 k	-6.0%
T. Rowe Price	3.23 mm	-517.05 k	-13.8%
MS Morgan Stanley	1.42 mm	-378.84 k	-21.0%
Jacobs Levy Equity Management	0.00	-367.86 k	EXIT
Two Sigma Investments	379.10 k	+331.89 k	+703.1%
Epoch Investment Partners	2.46 mm	-307.44 k	-11.1%
Southeastern Asset Management	4.93 mm	-260.94 k	-5.0%
Teachers Retirement System Of The State Of Kentucky	257.01 k	+257.01 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LAZ insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
29 Nov 22	Alexander F. Stern	Class A Common Stock	Sell	Dispose S	No	No	36.39	49,000	1.78 mm	50,258
25 Nov 22	Evan L Russo	Class A Common Stock	Gift	Dispose G	No	No	0	4,000	0.00	135,973
18 Nov 22	Alexandra Soto	RSU Class A Common Stock	Grant	Acquire A	No	No	0	537	0.00	39,713
18 Nov 22	Dominick Ragone	RSU Class A Common Stock	Grant	Acquire A	No	No	0	290	0.00	21,431
18 Nov 22	Peter Richard Orszag	Restricted Class A Common Stock	Grant	Acquire A	No	No	0	103	0.00	7,629
18 Nov 22	Peter Richard Orszag	RSU Class A Common Stock	Grant	Acquire A	No	No	0	1,033	0.00	76,595