Lazard (NYSE:LAZ) CEO Peter Richard Orszag Sells 125,000 Shares of Stock

Posted by Francis Steltz on Aug 27th, 2026

Lazard, Inc. (NYSE:LAZ – Get Free Report) CEO Peter Richard Orszag sold 125,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $43.52, for a total value of $5,440,000.00. Following the completion of the transaction, the chief executive officer owned 260,942 shares in the company, valued at $11,356,195.84. This represents a 32.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lazard Stock Performance

NYSE:LAZ opened at $42.84 on Thursday. The stock has a market cap of $4.74 billion, a P/E ratio of 21.00, a PEG ratio of 0.92 and a beta of 1.43. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.87. The business’s 50-day moving average price is $42.89 and its two-hundred day moving average price is $45.26. Lazard, Inc. has a twelve month low of $38.67 and a twelve month high of $58.75.

Lazard (NYSE:LAZ – Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The asset manager reported $0.12 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.22). The business had revenue of $786.47 million for the quarter, compared to analysts’ expectations of $736.29 million. Lazard had a return on equity of 23.58% and a net margin of 6.95%.The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. As a group, equities analysts predict that Lazard, Inc. will post 2.18 EPS for the current fiscal year.

Lazard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, August 3rd. Lazard’s payout ratio is currently 98.04%.

Institutional Trading of Lazard

Several institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new position in shares of Lazard in the fourth quarter worth about $26,000. IFP Advisors Inc lifted its stake in shares of Lazard by 53.5% in the 3rd quarter. IFP Advisors Inc now owns 643 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 224 shares during the last quarter. State of Wyoming purchased a new stake in Lazard during the 2nd quarter valued at about $38,000. Triumph Capital Management purchased a new stake in Lazard during the 3rd quarter valued at about $42,000. Finally, Compass Financial Management LLC bought a new position in Lazard during the 2nd quarter worth approximately $41,000. 54.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LAZ. Argus reduced their target price on Lazard from $63.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. The Goldman Sachs Group reiterated a “sell” rating on shares of Lazard in a report on Thursday, July 23rd. Morgan Stanley set a $44.00 price objective on Lazard in a research report on Friday, July 24th. Weiss Ratings cut Lazard from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Finally, Zacks Research downgraded Lazard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Lazard has a consensus rating of “Hold” and a consensus target price of $50.38.

Read Our Latest Stock Analysis on Lazard

About Lazard

(Get 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.