Lazard, Inc. $LAZ Shares Sold by Vanguard Group Inc.

05 May 2026, 08:25 by Doug Wharley · The Cerbat Gem

Vanguard Group Inc. trimmed its holdings in Lazard, Inc. (NYSE:LAZ – Free Report) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,149,582 shares of the asset manager’s stock after selling 31,170 shares during the quarter. Vanguard Group Inc. owned 0.10% of Lazard worth $541,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp lifted its holdings in Lazard by 9.3% in the 2nd quarter. State Street Corp now owns 2,108,229 shares of the asset manager’s stock valued at $101,153,000 after acquiring an additional 180,244 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Lazard by 11.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,884,093 shares of the asset manager’s stock valued at $99,442,000 after acquiring an additional 192,008 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Lazard by 1.2% in the 3rd quarter. Fisher Asset Management LLC now owns 1,722,504 shares of the asset manager’s stock valued at $90,914,000 after acquiring an additional 20,591 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lazard by 6.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,620,282 shares of the asset manager’s stock valued at $85,522,000 after acquiring an additional 101,763 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in Lazard by 2,763.4% in the 4th quarter. M&T Bank Corp now owns 1,405,899 shares of the asset manager’s stock valued at $68,270,000 after acquiring an additional 1,356,800 shares during the last quarter. 54.80% of the stock is owned by institutional investors and hedge funds.

Lazard News Summary

Here are the key news stories impacting Lazard this week:

Positive Sentiment: Lazard agreed to acquire Campbell Lutyens for $575M to create “Lazard CL,” aiming for roughly $500M of revenue by 2027 — a material, near-term growth lever for private capital advisory that could expand long-term revenue and margins. Lazard to Expand Private Capital Advisory With Campbell Lutyens Deal
Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $49 (market perform), signaling buy-side recognition of Lazard’s strategic positioning and the potential upside from asset-management and advisory initiatives. Lazard (NYSE:LAZ) Price Target Raised to $49.00 at Keefe, Bruyette & Woods
Positive Sentiment: Revenue and net profit in asset management drove a 67% jump in reported profit in Q1, highlighting strength in fee-generating businesses that can support earnings even as advisory fluctuates. Lazard profit soars 67% in Q1 2026 on asset management growth
Positive Sentiment: Lazard hired Michael Ure as a senior adviser in its power, energy & infrastructure group, strengthening advisory expertise in a niche that could win mandate flow. Lazard hires former Western Midstream head Ure as senior adviser
Neutral Sentiment: Lazard Asset Management launched an emerging-markets fund for retail investors (Australia focus), a distribution/flows positive that is incremental to AUM growth but not immediately material to global revenue. Lazard AM launches emerging market fund to retail sector
Negative Sentiment: Q1 results missed expectations on EPS (reported $0.42 vs. consensus $0.52) and revenue came in below estimates; rising expenses and weaker advisory revenue were cited as the main negatives, which drove near-term investor concern. Lazard Shares Down as Q1 Earnings Miss Estimates, Expenses Rise Y/Y
Negative Sentiment: UBS trimmed its price target from $45 to $44 and kept a neutral rating, reflecting limited near-term upside seen by another large broker. Benzinga
Negative Sentiment: Market commentary and headlines framed the post-earnings selloff as significant, amplifying short-term volatility and negative sentiment toward advisory-facing stocks like Lazard. Why Lazard (LAZ) shares are getting obliterated today

Lazard Stock Down 2.8%

LAZ stock opened at $43.85 on Tuesday. Lazard, Inc. has a 52-week low of $38.67 and a 52-week high of $58.75. The company’s 50 day simple moving average is $45.25 and its 200-day simple moving average is $48.96. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market capitalization of $4.90 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.40 and a beta of 1.44.

Lazard (NYSE:LAZ – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The asset manager reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.10). The firm had revenue of $672.98 million for the quarter, compared to analyst estimates of $707.42 million. Lazard had a net margin of 8.47% and a return on equity of 29.42%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. As a group, equities research analysts anticipate that Lazard, Inc. will post 3.36 EPS for the current year.

Lazard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, May 11th. Lazard’s dividend payout ratio is 79.05%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LAZ. Morgan Stanley cut their price target on shares of Lazard from $59.00 to $52.00 and set an “underweight” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group raised their target price on shares of Lazard from $40.00 to $45.00 and gave the stock a “sell” rating in a report on Tuesday, April 14th. Citigroup restated an “outperform” rating on shares of Lazard in a report on Friday, April 10th. Keefe, Bruyette & Woods boosted their price target on shares of Lazard from $47.00 to $49.00 and gave the company a “market perform” rating in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lazard in a report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $52.63.

View Our Latest Analysis on LAZ

Insider Buying and Selling

In other news, CEO Christopher Hogbin sold 3,944 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $39.37, for a total value of $155,275.28. Following the completion of the sale, the chief executive officer directly owned 11,829 shares of the company’s stock, valued at $465,707.73. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter Richard Orszag sold 69,170 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $40.76, for a total transaction of $2,819,369.20. Following the completion of the sale, the chief executive officer directly owned 210,942 shares of the company’s stock, valued at $8,597,995.92. This trade represents a 24.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 80,999 shares of company stock valued at $3,292,962 over the last three months. 0.95% of the stock is owned by insiders.

About Lazard

(Free Report)

Lazard Ltd. (NYSE: LAZ) is a leading global financial advisory and asset management firm, offering a comprehensive suite of services to corporations, governments and individuals. Founded in 1848, Lazard has built a reputation for providing independent advice and innovative solutions in complex financial transactions. The firm is publicly traded on the New York Stock Exchange under the ticker symbol LAZ and maintains its headquarters in Hamilton, Bermuda.

In its Financial Advisory segment, Lazard assists clients with mergers and acquisitions, restructurings, capital structure optimization and strategic planning.