Lazard (NYSE:LAZ) Shares Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Lazard, Inc. NYSE: LAZ. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Lazard stock on March 31st. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Lazard Trading Up 1.7 %

Shares of NYSE LAZ traded up $0.60 during trading on Friday, reaching $35.47. The company had a trading volume of 695,820 shares, compared to its average volume of 937,958. The stock has a market cap of $4.00 billion, a P/E ratio of 13.33 and a beta of 1.27. The company's fifty day moving average price is $44.95 and its 200-day moving average price is $50.21. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 2.72. Lazard, Inc. has a 12 month low of $31.97 and a 12 month high of $61.14.

Lazard (NYSE:LAZ - Get Free Report) last announced its earnings results on Thursday, January 30th. The asset manager reported $0.78 EPS for the quarter, beating the consensus estimate of $0.69 by $0.09. Lazard had a return on equity of 44.58% and a net margin of 8.98%. As a group, research analysts expect that Lazard, Inc. will post 4.24 earnings per share for the current year.

Lazard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.64%. The ex-dividend date was Monday, February 10th. Lazard's dividend payout ratio is currently 75.19%.

Insider Buying and Selling

In other Lazard news, CEO Evan L. Russo sold 35,000 shares of Lazard stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $53.64, for a total transaction of $1,877,400.00. Following the transaction, the chief executive officer now directly owns 188,448 shares of the company's stock, valued at $10,108,350.72. The trade was a 15.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Richard Orszag sold 64,539 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.56, for a total transaction of $2,940,396.84. Following the completion of the sale, the chief executive officer now owns 170,285 shares of the company's stock, valued at approximately $7,758,184.60. This represents a 27.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,078 shares of company stock worth $9,120,541 in the last quarter. Insiders own 2.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LAZ. The Goldman Sachs Group lowered their target price on shares of Lazard from $51.00 to $44.00 and set a "sell" rating for the company in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods lifted their price objective on Lazard from $52.00 to $57.00 and gave the stock a "market perform" rating in a research report on Friday, January 31st. Wells Fargo & Company cut their target price on Lazard from $44.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. StockNews.com lowered Lazard from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Finally, Wolfe Research downgraded shares of Lazard from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $46.83.

Institutional Investors Weigh In On Lazard

Several hedge funds and other institutional investors have recently modified their holdings of LAZ. Vanguard Group Inc. grew its position in Lazard by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 10,788,512 shares of the asset manager's stock valued at $555,393,000 after purchasing an additional 81,559 shares during the period. Capital Research Global Investors lifted its stake in shares of Lazard by 5.8% in the fourth quarter. Capital Research Global Investors now owns 4,429,776 shares of the asset manager's stock valued at $228,045,000 after buying an additional 240,938 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Lazard by 26.7% during the fourth quarter. Geode Capital Management LLC now owns 2,297,249 shares of the asset manager's stock valued at $118,294,000 after buying an additional 483,696 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Lazard by 10.1% during the third quarter. Principal Financial Group Inc. now owns 2,250,049 shares of the asset manager's stock worth $113,357,000 after acquiring an additional 206,295 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Lazard by 2.9% in the 3rd quarter. State Street Corp now owns 1,948,167 shares of the asset manager's stock worth $98,149,000 after acquiring an additional 55,469 shares during the last quarter. Institutional investors own 54.80% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Lazard Company Profile

Lazard, Inc, together with its subsidiaries, operates as a financial advisory and asset management firm in North and South America, Europe, the Middle East, Asia, and Australia. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical advisory, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services.