Public Employees Retirement System of Ohio Invests $1.18 Million in Lazard, Inc. $LAZ

Posted by Francis Steltz on Sep 9th, 2026

Public Employees Retirement System of Ohio bought a new stake in Lazard, Inc. (NYSE:LAZ – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 28,108 shares of the asset manager’s stock, valued at approximately $1,179,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Lazard during the fourth quarter valued at approximately $26,000. IFP Advisors Inc increased its position in shares of Lazard by 53.5% during the 3rd quarter. IFP Advisors Inc now owns 643 shares of the asset manager’s stock worth $34,000 after purchasing an additional 224 shares during the last quarter. State of Wyoming bought a new stake in shares of Lazard during the 2nd quarter worth approximately $38,000. Compass Financial Management LLC acquired a new stake in shares of Lazard in the 2nd quarter valued at approximately $41,000. Finally, Allworth Financial LP acquired a new stake in shares of Lazard in the 2nd quarter valued at approximately $42,000. Institutional investors own 54.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on LAZ shares. Morgan Stanley set a $44.00 target price on shares of Lazard in a research note on Friday, July 24th. UBS Group reiterated a “neutral” rating and issued a $44.00 price target on shares of Lazard in a research note on Tuesday, June 9th. Citigroup reiterated a “market outperform” rating on shares of Lazard in a research note on Friday, July 24th. The Goldman Sachs Group reissued a “sell” rating on shares of Lazard in a research report on Thursday, July 23rd. Finally, Weiss Ratings cut shares of Lazard from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.38.

Get Our Latest Stock Report on LAZ

Lazard Stock Down 2.3%

LAZ stock opened at $43.98 on Wednesday. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $4.86 billion, a PE ratio of 21.56, a PEG ratio of 1.22 and a beta of 1.43. Lazard, Inc. has a 1-year low of $38.67 and a 1-year high of $58.75. The business’s 50 day simple moving average is $43.20 and its 200 day simple moving average is $44.61.

Lazard (NYSE:LAZ – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The asset manager reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.22). Lazard had a net margin of 6.95% and a return on equity of 23.58%. The business had revenue of $786.47 million for the quarter, compared to analyst estimates of $736.29 million. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts anticipate that Lazard, Inc. will post 2.18 EPS for the current year.

Lazard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, August 3rd. Lazard’s dividend payout ratio (DPR) is currently 98.04%.

Insider Activity

In related news, CEO Peter Orszag sold 125,000 shares of Lazard stock in a transaction dated 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 of the company’s stock, valued at approximately $11,356,195.84. The trade was a 32.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.95% of the company’s stock.

Lazard Profile

(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.