Market Summary
USD31.94+0.31
Delayedas of 22 Sep 2023, 11:00 am0.98%
LAZ Stock Price
LAZ RSI Chart
LAZ Valuation
LAZ Price/Sales (Trailing)
LAZ Profitability
LAZ Fundamentals
LAZ Revenue
LAZ Earnings
Price Action
52 Week Range
27.7143.44
(Low)(High)
Last 7 days
-4.6%
Last 30 days
-0.9%
Last 90 days
3.4%
Trailing 12 Months
-10.1%
LAZ Financial Health
LAZ Investor Care
Historical Charts for Stock Metrics
Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
Get all data in R, Python etc through our Historical Stock Data APIs
Latest Insider Trading transactions for LAZ
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-19 | RAGONE DOMINICK | acquired | - | - | 130 | chief accounting officer |
2023-03-08 | Russo Evan L | back to issuer | -2,105,930 | 37.00 | -56,917 | ceo of asset management |
2023-03-08 | Orszag Peter Richard | acquired | - | - | 39,214 | ceo of financial advisory |
2023-03-08 | Hoffman Scott D | back to issuer | -2,663,700 | 37.00 | -71,992 | cao and general counsel |
2023-03-08 | Hoffman Scott D | acquired | - | - | 107,918 | cao and general counsel |
2023-03-08 | Lewis William M Jr | acquired | - | - | 29,980 | - |
2023-03-08 | Orszag Peter Richard | back to issuer | -1,439,040 | 37.00 | -38,893 | ceo of financial advisory |
2023-03-08 | Russo Evan L | acquired | - | - | 134,696 | ceo of asset management |
2023-03-08 | JACOBS KENNETH M | back to issuer | -4,889,110 | 37.00 | -132,138 | chairman and ceo |
2023-03-08 | JACOBS KENNETH M | acquired | - | - | 323,176 | chairman and ceo |
Which funds bought or sold LAZ recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | added | 17.93 | 147,783 | 1,205,180 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -74.34 | -8,415,000 | 2,774,000 | 0.03% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 6.39 | 11,753 | 428,987 | -% |
2023-08-16 | Nuveen Asset Management, LLC | added | 10.36 | 496,376 | 7,949,380 | -% |
2023-08-15 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | added | 4.19 | 12,000 | 1,730,000 | 0.01% |
2023-08-15 | WELLS FARGO & COMPANY/MN | reduced | -15.69 | -498,579 | 2,193,860 | -% |
2023-08-15 | GOLDMAN SACHS GROUP INC | reduced | -6.21 | -206,529 | 2,000,350 | -% |
2023-08-15 | Belpointe Asset Management LLC | sold off | -100 | -87,808 | - | -% |
2023-08-15 | HARBOUR INVESTMENTS, INC. | added | 0.36 | -246 | 8,975 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Lazard
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | ariel investments, llc | 7.2% | 7,706,182 | SC 13G/A | |
| Feb 14, 2023 | southeastern asset management inc/tn/ | 0.0% | 2,553,138 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.06% | 10,218,994 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 2.9% | 3,378,916 | SC 13G/A | |
| Feb 14, 2022 | southeastern asset management inc/tn/ | 0.0% | 5,779,872 | SC 13G | |
| Feb 14, 2022 | ariel investments, llc | 7.2% | 8,120,571 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 7.1% | 7,458,523 | SC 13G/A | |
| Feb 12, 2021 | ariel investments, llc | 5.3% | 5,541,371 | SC 13G/A |
Recent SEC filings of Lazard
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 14, 2023 | 8-K | Current Report | |
| Aug 25, 2023 | 8-K | Current Report | |
| Aug 22, 2023 | 4 | Insider Trading | |
| Aug 22, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 10-Q | Quarterly Report | |
| Jul 27, 2023 | 8-K | Current Report |
LAZ Fair Value
Loading...
Peers (Alternatives to Lazard)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AMP | - | 15.0B | 2.61% | 25.47% | - | - | 9.38% | -23.22% |
BX | 79.3B | 7.0B | 13.10% | 27.57% | 63.58 | 11.4 | -60.78% | -68.72% |
KKR | 52.7B | 11.1B | 3.96% | 33.87% | 42.89 | 4.73 | 13.00% | 26.39% |
BEN | 12.6B | 7.8B | -0.79% | 5.16% | 15.32 | 1.61 | -8.39% | -52.46% |
| MID-CAP | ||||||||
AMG | 4.8B | 2.1B | 2.32% | 10.47% | 4.16 | 2.23 | -13.32% | 104.61% |
AMK | 1.9B | 678.6M | -6.27% | 33.16% | 18.33 | 2.86 | 16.44% | 46.62% |
IVZ | 7.8B | 5.8B | -2.14% | -7.57% | 11.43 | 1.29 | -13.83% | -40.28% |
HLI | 6.8B | 1.8B | 7.09% | 34.49% | 27.96 | 3.79 | 48.44% | -13.75% |
EVR | 5.3B | 2.5B | 5.78% | 57.20% | 15.36 | 2.11 | -24.58% | -51.56% |
JHG | 4.4B | 2.0B | 1.72% | 19.03% | 11.85 | 2.17 | -20.30% | -29.01% |
LAZ | 2.8B | 2.7B | -0.88% | -10.10% | 1.4K | 1.04 | -13.59% | -99.63% |
| SMALL-CAP | ||||||||
DHIL | 483.3M | 140.6M | -3.51% | 0.74% | 9.86 | 3.44 | -21.64% | -14.24% |
VALU | 461.6M | 39.5M | -13.83% | -15.61% | 25.55 | 11.63 | -2.01% | -17.48% |
SCU | 293.6M | 391.0M | -0.60% | 29.41% | -18.4 | 0.75 | -32.74% | -176.48% |
Lazard News
Returns for LAZ
Cumulative Returns on LAZ
3.4%
10-Year Cumulative Returns
2.9%
7-Year Cumulative Returns
-4.2%
5-Year Cumulative Returns
2.6%
3-Year Cumulative Returns
Risks for LAZ
What is the probability of a big loss on LAZ?
79.2%
Probability that Lazard stock will be more than 20% underwater in next one year
63.1%
Probability that Lazard stock will be more than 30% underwater in next one year.
18.5%
Probability that Lazard stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does LAZ drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Lazard was unfortunately bought at previous high price.
Drawdowns
Financials for Lazard
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 0.1% | 2,703 | 2,701 | 2,855 | 3,136 | 3,127 | 3,310 | 3,274 | 3,159 | 3,020 | 2,769 | 2,647 | 2,492 | 2,505 | 2,563 | 2,667 | 2,628 | 2,658 | 2,778 | 2,885 | 2,873 | 2,870 |
| Costs and Expenses | 10.4% | 2,540 | 2,301 | 2,257 | 2,342 | 2,335 | 2,479 | 2,469 | 2,406 | 2,316 | 2,136 | 2,064 | 2,006 | 2,071 | 2,124 | 2,194 | 2,123 | 2,072 | 2,101 | 2,146 | 1,935 | 1,928 |
| Interest Expenses | -2.4% | 78.00 | 80.00 | 82.00 | 83.00 | 83.00 | 82.00 | 81.00 | 80.00 | 80.00 | 80.00 | 81.00 | 83.00 | 82.00 | 82.00 | 80.00 | 75.00 | 69.00 | 63.00 | 58.00 | 55.00 | 54.00 |
| Net Income | -99.1% | 2.00 | 221 | 358 | 526 | 527 | 555 | 528 | 508 | 475 | 426 | 402 | 290 | 261 | 253 | 287 | 323 | 383 | 464 | 527 | 330 | 332 |
| Net Income Margin | -100.0% | - | 0.08* | 0.13* | 0.17* | 0.17* | 0.17* | 0.16* | 0.16* | 0.16* | 0.15* | 0.15* | 0.12* | 0.10* | 0.10* | 0.11* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 595 | 784 | 933 | 894 | 730 | 826 | 678 | 535 | 549 | 512 | 579 | 545 | 634 | 635 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.8% | 4,603 | 4,568 | 5,853 | 6,208 | 6,712 | 6,848 | 7,147 | 6,727 | 6,407 | 6,210 | 5,972 | 5,467 | 5,312 | 5,095 | 5,640 | 5,552 | 5,507 | 5,499 | 4,997 | 4,945 | 4,628 |
| Cash Equivalents | 17.0% | 698 | 597 | 1,235 | 1,000 | 907 | 878 | 1,465 | 1,185 | 980 | 975 | 1,390 | 1,110 | 897 | 793 | 1,232 | 959 | 919 | 1,011 | 1,247 | 1,132 | 845 |
| Net PPE | -3.7% | 237 | 246 | 250 | 219 | 232 | 249 | 250 | 248 | 252 | 251 | 258 | 233 | 229 | 220 | 220 | 217 | 206 | 210 | 213 | 214 | 216 |
| Liabilities | 3.4% | 4,103 | 3,970 | 4,594 | 4,952 | 5,309 | 5,304 | 5,494 | 5,174 | 4,900 | 4,768 | 4,972 | 4,688 | 4,628 | 4,536 | 4,958 | 4,866 | 4,790 | 4,728 | 4,027 | 3,823 | 3,515 |
| Long Term Debt | 0.0% | 1,689 | 1,688 | 1,688 | 1,687 | 1,686 | 1,686 | 1,685 | 1,685 | 1,684 | 1,683 | 1,683 | 1,681 | 1,681 | 1,680 | 1,680 | 1,679 | 1,678 | 1,759 | 1,434 | 1,434 | 1,191 |
| Shareholder's Equity | -29.2% | 360 | 508 | 556 | 561 | 827 | 970 | 1,078 | 978 | 932 | 867 | 999 | 779 | 684 | 560 | 682 | 686 | 718 | 771 | 970 | 1,122 | 1,113 |
| Retained Earnings | -10.8% | 1,431 | 1,605 | 1,677 | 1,682 | 1,628 | 1,583 | 1,561 | 1,402 | 1,348 | 1,279 | 1,295 | 1,160 | 1,140 | 1,119 | 1,194 | 1,168 | 1,180 | 1,172 | 1,196 | 1,141 | 1,092 |
| Additional Paid-In Capital | 77.7% | 168 | 94.00 | 168 | 127 | 72.00 | - | 145 | 110 | 58.00 | - | 135 | 95.00 | 52.00 | - | 41.00 | 682 | 582 | 536 | 751 | 702 | 652 |
| Accumulated Depreciation | 0.4% | 404 | 402 | 395 | 370 | 372 | 373 | 368 | 363 | 409 | 399 | 402 | 398 | 382 | 370 | 368 | 352 | 351 | 343 | 340 | 332 | 325 |
| Shares Outstanding | 1.3% | 89.00 | 88.00 | - | 93.00 | 99.00 | 103 | - | 105 | 107 | 107 | - | 107 | 107 | 106 | - | 109 | 112 | 112 | - | 119 | 120 |
| Minority Interest | -1.9% | 56.00 | 57.00 | 119 | 117 | 111 | 120 | 103 | 100 | 105 | 102 | 88.00 | 85.00 | 83.00 | 73.00 | 72.00 | 73.00 | 99.00 | 70.00 | 53.00 | 54.00 | 58.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -15.3% | 538 | 636 | 834 | 973 | 936 | 776 | 866 | 734 | 591 | 609 | 576 | 615 | 595 | 683 | 678 | 726 | 717 | 576 | 699 | 615 | 721 |
| Cashflow From Investing | -2.2% | -59.36 | -58.06 | -56.44 | -46.68 | -41.77 | -45.69 | -39.06 | -53.47 | -54.94 | -57.87 | -62.94 | -35.74 | -49.03 | -48.39 | -42.25 | -48.80 | -33.47 | -37.08 | -46.21 | -49.72 | -48.42 |
| Cashflow From Financing | -5.3% | -2,564 | -2,435 | -1,382 | -726 | -67.15 | -67.93 | 196 | 158 | -32.58 | 7.00 | -547 | -639 | -670 | -847 | -444 | -459 | -254 | -45.74 | -726 | -290 | -562 |
| Dividend Payments | -1.5% | 175 | 178 | 182 | 187 | 190 | 193 | 196 | 197 | 198 | 197 | 197 | 197 | 197 | 200 | 255 | 257 | 260 | 261 | 360 | 357 | 354 |
| Buy Backs | -32.4% | 416 | 615 | 692 | 732 | 548 | 459 | 406 | 286 | 234 | 123 | 95.00 | 160 | 238 | 398 | 495 | 677 | 681 | 599 | 553 | 361 | 346 |
LAZ Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| REVENUE | ||||
| Interest income | $ 10,946 | $ 4,062 | $ 23,553 | $ 5,823 |
| Other | 29,631 | (17,506) | 40,048 | (7,914) |
| Total revenue | 662,318 | 660,658 | 1,224,229 | 1,376,802 |
| Interest expense | 19,204 | 21,112 | 38,679 | 42,364 |
| Net revenue | 643,114 | 639,546 | 1,185,550 | 1,334,438 |
| OPERATING EXPENSES | ||||
| Compensation and benefits | 572,231 | 363,830 | 1,022,198 | 760,671 |
| Occupancy and equipment | 32,800 | 29,409 | 64,573 | 60,648 |
| Marketing and business development | 28,582 | 22,673 | 51,344 | 36,796 |
| Technology and information services | 51,370 | 42,067 | 95,410 | 79,998 |
| Professional services | 21,402 | 16,549 | 45,728 | 32,578 |
| Fund administration and outsourced services | 28,968 | 28,551 | 55,544 | 58,254 |
| Amortization and other acquisition-related costs | 95 | 15 | 143 | 30 |
| Benefit pursuant to tax receivable agreement | 0 | 0 | (40,435) | 0 |
| Other | 17,739 | 10,614 | 38,042 | 19,897 |
| Total operating expenses | 753,187 | 513,708 | 1,332,547 | 1,048,872 |
| OPERATING INCOME (LOSS) | (110,073) | 125,838 | (146,997) | 285,566 |
| Provision (benefit) for income taxes | 10,303 | 34,187 | (11,422) | 72,940 |
| NET INCOME (LOSS) | (120,376) | 91,651 | (135,575) | 212,626 |
| LESS - NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 3,637 | (3,829) | 10,610 | 3,270 |
| NET INCOME (LOSS) ATTRIBUTABLE TO LAZARD LTD | $ (124,013) | $ 95,480 | $ (146,185) | $ 209,356 |
| WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING: | ||||
| Basic (in shares) | 88,729,654 | 98,660,173 | 88,160,753 | 100,603,724 |
| Diluted (in shares) | 88,729,654 | 102,753,336 | 88,160,753 | 105,469,988 |
| NET INCOME (LOSS) PER SHARE OF COMMON STOCK: | ||||
| Basic (in USD per share) | $ (1.41) | $ 0.96 | $ (1.68) | $ 2.05 |
| Diluted (in USD per share) | $ (1.41) | $ 0.92 | $ (1.68) | $ 1.97 |
| Investment banking and other advisory fees | ||||
| REVENUE | ||||
| Revenue | $ 350,104 | $ 405,091 | $ 627,512 | $ 794,830 |
| Asset management fees | ||||
| REVENUE | ||||
| Revenue | $ 271,637 | $ 269,011 | $ 533,116 | $ 584,063 |
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. The company was founded in 1848 and is based in Hamilton, Bermuda.