Lazard
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
60% more call options, than puts
Call options by funds: $22.8M | Put options by funds: $14.2M
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
37% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 38
29% more capital invested
Capital invested by funds: $3.06B [Q2] → $3.93B (+$874M) [Q3]
24% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 76
5% more funds holding
Funds holding: 255 [Q2] → 269 (+14) [Q3]
1.76% less ownership
Funds ownership: 70.95% [Q2] → 69.19% (-1.76%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$52
0%
upside
Avg. target
$58
11%
upside
High target
$63
21%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Keefe, Bruyette & Woods Aidan Hall 73% 1-year accuracy 8 / 11 met price target | 10%upside $57 | Market Perform Downgraded | 20 Dec 2024 |
Morgan Stanley Ryan Kenny 64% 1-year accuracy 9 / 14 met price target | 21%upside $63 | Equal-Weight Downgraded | 9 Dec 2024 |
JMP Securities Devin Ryan 86% 1-year accuracy 61 / 71 met price target | 13%upside $59 | Market Outperform Maintained | 1 Nov 2024 |
UBS Brennan Hawken 74% 1-year accuracy 29 / 39 met price target | 0%downside $52 | Neutral Maintained | 8 Oct 2024 |
Financial journalist opinion
Based on 11 articles about LAZ published over the past 30 days
Neutral
PRNewsWire
3 days ago
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Lazard, Inc. (NYSE: LAZ)
NEW YORK , Dec. 17, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Lazard, Inc. (NYSE: LAZ) on behalf of the company's shareholders. The investigation seeks to determine whether Lazard's directors breached their fiduciary duties in connection with recent corporate actions.
Neutral
GlobeNewsWire
1 week ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Positive
Reuters
1 week ago
Lazard expects dealmaking to pick up, tariffs to be measured
Investment bank Lazard's CEO, Peter Orszag, predicted a surge in dealmaking momentum to continue into next year, helped by private equity activity.
Neutral
Business Wire
1 week ago
Lazard, Inc. Announces Results of Consent Solicitation and Offer to Guarantee Lazard Group LLC Senior Notes
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) (“Lazard”) today announced that, in connection with its previously announced consent solicitation and offer to guarantee for Lazard Group LLC (a wholly owned subsidiary of Lazard) (“Lazard Group”) senior notes, it has received the required consents from the holders of the outstanding Lazard Group senior notes listed below (collectively, the “Notes”) to adopt the proposed amendments to the indenture, dated as of May 10, 2005 (as amended and sup.
Negative
Zacks Investment Research
1 week ago
Lazard's November AUM Balance Declines Sequentially on Net Outflows
LAZ reports November AUM of $234.4 billion, reflecting a decline from the previous month.
Neutral
Business Wire
1 week ago
Lazard Reports November 2024 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of November 30, 2024 totaled approximately $234.4 billion. The month's AUM included market appreciation of $3.0 billion, net outflows of $2.3 billion and foreign exchange depreciation of $2.2 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions) As of: November 30, October 31, 20241 2024 Equity $181,764 $182,101 Fixed.
Positive
Reuters
2 weeks ago
Banco BPM set to hand Citi, Lazard mandate for UniCredit bid, sources say
Italian bank Banco BPM is preparing to give Citigroup and Lazard a mandate to advise over an unsolicited takeover bid by rival UniCredit , three people close to the matter said.
Neutral
Business Wire
2 weeks ago
Lazard, Inc. Commences Consent Solicitation and Offer to Guarantee for Lazard Group LLC Senior Notes
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) (“Lazard”) today announced that it has commenced a consent solicitation to certain proposed amendments to the indenture, dated as of May 10, 2005 (as amended and supplemented from time to time, the “Indenture”), between Lazard Group (a wholly owned subsidiary of Lazard) (“Lazard Group”) and The Bank of New York Mellon, governing the following outstanding series of senior notes of Lazard Group (all such series, collectively, the “Notes”): Issue.
Positive
Reuters
2 weeks ago
Lazard hires Citigroup's Miller in energy investment banking push, sources say
Lazard has hired veteran Citigroup investment banker Chris Miller as a managing director to help drive its dealmaking efforts in the energy industry, people familiar with the matter told Reuters on Tuesday.
Neutral
Business Wire
3 weeks ago
Lazard Appoints Dan Schulman as Lead Independent Director and Peter R. Orszag as Chairman of the Board
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Dan Schulman, Board Member, has been appointed Lead Independent Director to succeed Richard D. Parsons, who remains on the Board, and that Peter R. Orszag, Lazard CEO and Board Member, has been appointed Chairman of the Board, effective January 1, 2025. Kenneth M. Jacobs, Executive Chairman and Board Member, will become Senior Chairman of the Firm and Senior Advisor to the Board, and relinquish his board seat effective Dec.
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