Edgestream Partners L.P. Invests $3.39 Million in Lazard, Inc. $LAZ

Posted by Geri Gentry on Aug 2nd, 2026

Edgestream Partners L.P. bought a new position in shares of Lazard, Inc. (NYSE:LAZ – Free Report) in the first quarter, Holdings Channel reports. The institutional investor bought 79,856 shares of the asset manager’s stock, valued at approximately $3,392,000.

Several other institutional investors have also recently added to or reduced their stakes in LAZ. AQR Capital Management LLC grew its stake in Lazard by 131.8% during the first quarter. AQR Capital Management LLC now owns 12,563 shares of the asset manager’s stock worth $544,000 after buying an additional 7,144 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Lazard by 27.5% during the first quarter. Goldman Sachs Group Inc. now owns 759,867 shares of the asset manager’s stock worth $32,902,000 after buying an additional 163,983 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Lazard by 8.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,288 shares of the asset manager’s stock worth $10,318,000 after buying an additional 18,444 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Lazard by 167.0% in the second quarter. American Century Companies Inc. now owns 26,097 shares of the asset manager’s stock valued at $1,252,000 after acquiring an additional 16,322 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Lazard by 62.4% in the second quarter. Prudential Financial Inc. now owns 7,102 shares of the asset manager’s stock valued at $369,000 after acquiring an additional 2,730 shares during the last quarter. 54.80% of the stock is owned by institutional investors.

Lazard Price Performance

LAZ opened at $42.41 on Friday. Lazard, Inc. has a one year low of $38.67 and a one year high of $58.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 2.84 and a quick ratio of 3.51. The company’s 50 day simple moving average is $43.77 and its 200-day simple moving average is $46.47. The stock has a market capitalization of $4.69 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

Lazard (NYSE:LAZ – Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The asset manager reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.22). Lazard had a return on equity of 23.58% and a net margin of 6.95%.The company had revenue of $786.47 million during the quarter, compared to the consensus estimate of $736.29 million. During the same quarter last year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts anticipate that Lazard, Inc. will post 2.18 earnings per share for the current fiscal year.

Lazard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.50 per share. The ex-dividend date is Monday, August 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.7%. Lazard’s payout ratio is presently 98.04%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group reissued a “sell” rating on shares of Lazard in a report on Thursday, July 23rd. Citizens Jmp dropped their price target on Lazard from $65.00 to $60.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. Keefe, Bruyette & Woods cut their price objective on Lazard from $44.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, July 24th. Argus reduced their price objective on Lazard from $63.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, Citigroup restated a “market outperform” rating on shares of Lazard in a report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Lazard presently has a consensus rating of “Hold” and a consensus target price of $50.38.

Read Our Latest Stock Analysis on LAZ

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.

Edgestream Partners L.P. Invests $3.39 Million in Lazard, Inc. $LAZ

Lazard Price Performance

Lazard Dividend Announcement

Analyst Ratings Changes

About Lazard

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