Lazard (NYSE:LAZ) Stock 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 Stock Performance

Lazard stock traded up $0.27 during mid-day trading on Tuesday, reaching $35.85. The company’s stock had a trading volume of 981,253 shares, compared to its average volume of 938,614. The firm’s fifty day moving average price is $46.03 and its two-hundred day moving average price is $50.52. The company has a debt-to-equity ratio of 2.72, a quick ratio of 2.24 and a current ratio of 2.24. Lazard, Inc. has a 12-month low of $31.97 and a 12-month high of $61.14. The company has a market capitalization of $4.04 billion, a P/E ratio of 13.48 and a beta of 1.27.

Lazard (NYSE:LAZ) last announced its quarterly earnings results on Thursday, January 30th. The asset manager reported $0.78 earnings per share 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%. Sell-side analysts predict that Lazard, Inc. will post 4.24 EPS for the current fiscal year.

Lazard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend was Monday, February 10th. Lazard’s dividend payout ratio (DPR) is currently 75.19%.

Insider Activity

In other Lazard news, CEO Evan L. Russo sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $55.32, for a total transaction of $1,383,000.00. Following the completion of the transaction, the chief executive officer now owns 163,448 shares of the company’s stock, valued at $9,041,943.36. This represents a 13.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Peter Richard Orszag sold 64,539 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $45.24, for a total value of $2,919,744.36. Following the completion of the sale, the chief executive officer now owns 234,824 shares of the company’s stock, valued at approximately $10,623,437.76. This trade represents a 21.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,078 shares of company stock valued at $9,120,541. Insiders own 3.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LAZ. StockNews.com cut shares of Lazard from a “buy” rating to a “hold” rating in a research report on Thursday, April 10th. JMP Securities lowered their price target on Lazard from $60.00 to $55.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Wolfe Research cut Lazard from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. UBS Group raised their price objective on Lazard from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price on Lazard from $51.00 to $44.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Lazard currently has a consensus rating of “Hold” and an average price target of $46.83.

Institutional Investors Weigh In On Lazard

Several institutional investors have recently bought and sold shares of LAZ. State Street Corp lifted its position in Lazard by 2.9% in the third quarter. State Street Corp now owns 1,948,167 shares of the asset manager’s stock valued at $98,149,000 after purchasing an additional 55,469 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Lazard during the 4th quarter valued at $947,000. Bank of New York Mellon Corp grew its holdings in Lazard by 128.4% in the 4th quarter. Bank of New York Mellon Corp now owns 678,617 shares of the asset manager’s stock worth $34,935,000 after acquiring an additional 381,546 shares during the last quarter. Monument Capital Management purchased a new position in shares of Lazard in the fourth quarter valued at about $2,809,000. Finally, Fisher Asset Management LLC raised its stake in shares of Lazard by 5.1% during the fourth quarter. Fisher Asset Management LLC now owns 1,862,389 shares of the asset manager’s stock valued at $95,876,000 after acquiring an additional 90,152 shares during the last quarter. 54.80% of the stock is currently owned by hedge funds and other institutional investors.

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 [email protected] 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.

About Lazard

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.