LazardLAZ
Market Cap: $4.28B
About: Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.
Employees: 3,291
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
107% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 29
72% more call options, than puts
Call options by funds: $16.2M | Put options by funds: $9.38M
66% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 58
14% more funds holding
Funds holding: 224 [Q1] → 255 (+31) [Q2]
3.65% more ownership
Funds ownership: 64.45% [Q1] → 68.1% (+3.65%) [Q2]
4% less capital invested
Capital invested by funds: $3.04B [Q1] → $2.93B (-$111M) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Goldman Sachs Richard Ramsden 75% 1-year accuracy 9 / 12 met price target | 11%downside $42 | Sell Maintained | 26 Jul 2024 |
Keefe, Bruyette & Woods Aidan Hall 86% 1-year accuracy 6 / 7 met price target | 18%upside $56 | Outperform Reiterated | 26 Jul 2024 |
Morgan Stanley Ryan Kenny 82% 1-year accuracy 9 / 11 met price target | 18%upside $56 | Overweight Maintained | 23 Jul 2024 |
Morgan Stanley Ryan Kenny 82% 1-year accuracy 9 / 11 met price target | 14%upside $54 | Overweight Maintained | 21 Jun 2024 |
Financial journalist opinion
Based on 4 articles about LAZ published over the past 30 days