Lazard Inc (LAZ)

Over the past six months, Lazard's stock price has been influenced by earnings reports, AUM reports, insider selling, strategic initiatives, leadership changes, and stock price performance. The company reported its third-quarter 2025 results on October 23, 2025, and fourth-quarter and full-year 2025 results on January 29, 2026. As of November 30, 2025, preliminary AUM totaled approximately $250.8 billion, which included net outflows of $18.0 billion. In March 2026, Christopher Hogbin, CEO of Asset Management at Lazard, sold 11,829 shares of common stock. Lazard has been focused on its "Lazard 2030" long-term growth strategy. As of March 25, 2026, the share price was $40.90, representing an 8.73% decline over the past year.

Lazard's business is cyclical and influenced by market conditions, M&A activity, and private equity activity. The company anticipates an acceleration in Financial Advisory activity and positive net flows in Asset Management. The cyclical nature of the financial markets and deal-making implies fluctuations in demand throughout the year.

Lazard, Inc. is a global financial advisory and asset management firm founded in 1848. It operates in two main segments: Financial Advisory, which provides services like M&A and restructuring advice, and Asset Management, which offers investment solutions and wealth management services.

Lazard has a global presence with operations in North and South America, Europe, the Middle East, Asia, and Australia. The firm operates from 41 cities across 26 countries, with principal executive offices in New York City, Paris, and London. In the United States, Lazard maintains offices in nine cities.

Lazard maintains a strong brand reputation as a preeminent financial advisory and asset management firm. Lazard CEO and Chairman Peter Orszag was honored by the Citizens Budget Commission in March 2026, and the company expanded its healthcare services team in February 2026.

Lazard, Inc. has a diverse ownership structure, primarily held by institutional investors. Major institutional owners include Fmr Llc, Vanguard Group Inc, and BlackRock, Inc. Kenneth M. Jacobs, Lazard's Chairman and Chief Executive Officer, personally holds 2.28% of the Class A Common shares. Goldman Sachs Group Inc owns 6.08 million shares, representing 5.44% of the company.