Lazard, Inc. $LAZ Stock: State of Alaska Department of Revenue Reduces Position

16 Oct 2026, 05:13 by Teresa Graham · The Cerbat Gem

State of Alaska Department of Revenue trimmed its holdings in Lazard, Inc. (NYSE:LAZ – Free Report) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 268,412 shares of the asset manager’s stock after selling 21,678 shares during the period. State of Alaska Department of Revenue owned about 0.24% of Lazard worth $9,723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Lazard during the second quarter worth approximately $36,000. Compass Financial Management LLC bought a new stake in shares of Lazard in the second quarter worth $41,000. Allworth Financial LP bought a new stake in shares of Lazard in the second quarter worth $42,000. GAMMA Investing LLC raised its holdings in Lazard by 37.2% in the third quarter. GAMMA Investing LLC now owns 1,872 shares of the asset manager’s stock valued at $68,000 after acquiring an additional 508 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Lazard in the second quarter valued at $87,000. 54.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lazard news, CEO Peter Orszag sold 125,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $43.52, for a total transaction of $5,440,000.00. Following the completion of the sale, the chief executive officer owned 260,942 shares in the company, valued at $11,356,195.84. The trade was a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.95% of the stock is currently owned by insiders.

Lazard Trading Up 4.4%

NYSE:LAZ opened at $36.18 on Friday. The company has a market cap of $4.00 billion, a PE ratio of 17.74, a P/E/G ratio of 1.11 and a beta of 1.47. The business’s 50 day moving average is $40.18 and its two-hundred day moving average is $43.14. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.87. Lazard, Inc. has a 52 week low of $34.13 and a 52 week high of $58.75.

Lazard (NYSE:LAZ – Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The asset manager reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.22). The firm had revenue of $786.47 million during the quarter, compared to the consensus estimate of $736.29 million. Lazard had a net margin of 6.95% and a return on equity of 23.58%. Lazard’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. On average, analysts predict that Lazard, Inc. will post 2.01 EPS for the current year.

Lazard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.50 per share. The ex-dividend date was Monday, August 3rd. This represents a $2.00 annualized dividend and a yield of 5.5%. Lazard’s payout ratio is presently 98.04%.

Analyst Upgrades and Downgrades

LAZ has been the topic of a number of research analyst reports. Capital One Financial set a $38.00 price objective on shares of Lazard in a research note on Tuesday, October 6th. Citigroup reissued a “market outperform” rating on shares of Lazard in a research report on Friday, July 24th. Keefe, Bruyette & Woods dropped their target price on shares of Lazard from $44.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, July 24th. Weiss Ratings lowered shares of Lazard from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Finally, UBS Group reduced their price target on shares of Lazard from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Lazard currently has an average rating of “Hold” and a consensus price target of $46.25.

Get Our Latest Analysis on Lazard

Lazard Profile

(Free Report)

Lazard Ltd. (NYSE: LAZ) is a global financial advisory and asset management firm. The company provides advice to corporations, financial institutions, governments and other public-sector entities on strategic matters, including mergers and acquisitions, capital structure, restructuring, shareholder relations and other corporate finance transactions.