Lazard
About: Lazard has a storied history that can be traced back to 1848. The company's revenue is fairly evenly split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily driven by equities (over 80% of assets under management), has an international focus, and targets 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 7,139 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
245% more call options, than puts
Call options by funds: $19.4M | Put options by funds: $5.61M
96% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 27
35% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 81
6% more capital invested
Capital invested by funds: $3.94B [Q3] → $4.17B (+$234M) [Q4]
5% more funds holding
Funds holding: 270 [Q3] → 283 (+13) [Q4]
2.46% more ownership
Funds ownership: 69.36% [Q3] → 71.82% (+2.46%) [Q4]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$44
11%
downside
Avg. target
$55
10%
upside
High target
$63
27%
upside
5 analyst ratings
0 positive
0%
4 neutral
80%
1 negative
20%
UBS Brennan Hawken 74% 1-year accuracy 25 / 34 met price target | 9%upside $54 | Neutral Maintained | 3 Feb 2025 |
Keefe, Bruyette & Woods Aidan Hall 65% 1-year accuracy 11 / 17 met price target | 15%upside $57 | Market Perform Maintained | 31 Jan 2025 |
Wells Fargo Michael Brown 52% 1-year accuracy 31 / 60 met price target | 11%upside $55 | Equal-Weight Maintained | 31 Jan 2025 |
Morgan Stanley Ryan Kenny 67% 1-year accuracy 10 / 15 met price target | 27%upside $63 | Equal-Weight Maintained | 31 Jan 2025 |
Goldman Sachs Richard Ramsden 82% 1-year accuracy 9 / 11 met price target | 11%downside $44 | Sell Maintained | 15 Jan 2025 |
Financial journalist opinion
Based on 13 articles about LAZ published over the past 30 days
Neutral
Business Wire
3 days ago
Lazard Hires Chris Miller as Managing Director, Power, Energy & Infrastructure Advisory
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Chris Miller joined the firm as a Managing Director within the Power, Energy & Infrastructure Advisory business, based in Houston. Within his role, Chris will advise clients in the Energy industry, focused on Oil & Gas. This appointment demonstrates Lazard's successful global recruiting efforts as the firm continues to execute its long-term growth strategy. “Chris brings a wealth of expertise and a proven track rec.
Neutral
Business Wire
1 week ago
Lazard Reports January 2025 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2025 totaled approximately $233.0 billion. The month's AUM included market appreciation of $6.1 billion, foreign exchange appreciation of $0.4 billion and net inflows of $0.3 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions) As of: January 31, 20251 December 31, 2024 Equity $181,506 $174,938 Fixed Income 43,395 43,286.
Positive
Zacks Investment Research
1 week ago
Lazard Soars 42.7% in a Year: How Should You Play the Stock Now?
LAZ's rising AUM balance and ambitious 2030 target look encouraging. Read on to know whether it is the right time to buy the stock.
Positive
Zacks Investment Research
3 weeks ago
Lazard Stock Gains as Earnings & Revenues Beat Estimates in Q4
LAZ's fourth-quarter 2024 results benefit from higher revenues, and increased loans and deposit balances.
Positive
Seeking Alpha
3 weeks ago
Lazard: Healthy Backlog Into Next Year, But Peers Are Competitively Valued
Lazard, Inc. reported $10 billion in won but not yet funded mandates, meaning they have healthy commissions to be earned in the coming year. LAZ is aggressively hiring MDs, aiming to put them to work in a more deal abundant 2025. Asset management saw outflows but concentrated in low-fee accounts, muting revenue impacts expected into the next year.
Positive
CNBC Television
3 weeks ago
Lazard CEO: Ahead of schedule on the pathway to Lazard 2030
Peter Orszag, Lazard CEO, joins 'Squawk on the Street' to discuss the company's latest earnings results, the pipeline for capital markets activity, and much more.
Neutral
Seeking Alpha
3 weeks ago
Lazard, Inc. (LAZ) Q4 2024 Earnings Call Transcript
Lazard, Inc. (NYSE:LAZ ) Q4 2024 Earnings Conference Call January 30, 2025 8:00 AM ET Company Participants Alexandra Deignan – Head-Investor Relations and Treasury Peter Orszag – Chief Executive Officer and Chairman Mary Ann Betsch – Chief Financial Officer Evan Russo – Chief Executive Officer-Asset Management Conference Call Participants Devin Ryan – Citizens JMP Brennan Hawken – UBS Brendan O'Brien – Wolfe Research Jim Mitchell – Seaport Global Securities James Yaro – Goldman Sachs Aidan Hall – KBW Ryan Kenny – Morgan Stanley Mike Brown – Wells Fargo Operator Good morning, everyone. Welcome to Lazard's Fourth Quarter and Full Year 2024 Earnings Conference Call.
Positive
Zacks Investment Research
3 weeks ago
Here's What Key Metrics Tell Us About Lazard (LAZ) Q4 Earnings
Although the revenue and EPS for Lazard (LAZ) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
3 weeks ago
Lazard (LAZ) Beats Q4 Earnings and Revenue Estimates
Lazard (LAZ) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.66 per share a year ago.
Positive
Reuters
3 weeks ago
Lazard quarterly profit climbs as dealmaking rebound boosts advisory business
Investment bank Lazard reported a rise in fourth-quarter profit on Thursday due to a strong performance in its advisory business, which benefited from an industry-wide resurgence in dealmaking as borrowing costs eased after two years.
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