LAZ
Lazard, Inc.
NYSEUSDEQUITY
Financial Services
DELAYED
Sell
-42/100
Last price
35.85
▲ 0.57 (1.62%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
35.27
Prev close
35.28
Day high
36.96
Day low
35.27
Volume
1.91M
Market cap
$3.54B
P/E (TTM)
17.82
52W range
35.16 – 58.75
Day trading desk
Gap from prior close
-0.03%
Prior close 35.28
VWAP
36.42
-1.56% from price
Relative volume
2.57×
Unusually busy
Session range
4.79%
35.27 – 36.96
Position in range
34%
Mid range
ATR (14D)
1.36
3.79% of price
Prior day high
36.19
PDH
Prior day low
35.26
PDL
Bid / ask spread
—
Quote not published
Session volume
4.30M
Avg 1.67M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+1.56%
-0.4%
1M
-19.20%
-20.4%
3M
-10.86%
-15.4%
6M
-11.73%
-29.9%
YTD
-25.12%
-39.4%
1Y
-29.79%
-46.2%
3Y
+17.25%
-65.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on LAZ open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+125.00K
Net buying
Buy transactions
1
250.00K shares
Sell transactions
1
125.00K shares
Net transactions
+2
Buys less sells
Sell : buy shares
0.5 : 1
Mixed
Insider-held shares
880.95K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 25, 26 | ORSZAG PETER RICHARD Chief Executive Officer |
SELL | 125.00K | $5.44M | Direct |
| Aug 24, 26 | ORSZAG PETER RICHARD Chief Executive Officer |
— | 250.00K | — | Direct |
| Mar 19, 26 | HOGBIN CHRISTOPHER E. G. Officer |
SELL | 11.83K | $473.59K | Direct |
| Mar 17, 26 | HOGBIN CHRISTOPHER E. G. Officer |
— | 48.33K | — | Direct |
| Mar 17, 26 | ORSZAG PETER RICHARD Chief Executive Officer |
SELL | 69.17K | $2.82M | Direct |
| Mar 16, 26 | ORSZAG PETER RICHARD Chief Executive Officer |
— | 138.34K | — | Direct |
| Mar 2, 26 | GATHY MICHAEL Officer |
— | 2.25K | — | Direct |
| Mar 2, 26 | FARR TRACY Chief Financial Officer |
— | 5.90K | — | Direct |
| Mar 2, 26 | SOTO ALEXANDRA Chief Operating Officer |
— | 64.74K | — | Direct |
| Sep 16, 25 | ORSZAG PETER RICHARD Chief Executive Officer |
SELL | 32.48K | $1.76M | Direct |
| Sep 15, 25 | ORSZAG PETER RICHARD Chief Executive Officer |
— | 64.95K | — | Direct |
| Sep 11, 25 | RUSSO EVAN L Officer |
SELL | 75.00K | $4.24M | Direct |
| Sep 10, 25 | GATHY MICHAEL Officer |
SELL | 617 | $34.16K | Direct |
| Sep 9, 25 | RUSSO EVAN L Officer |
STOCK | 15.00K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
FARR TRACY |
Chief Financial Officer | 2.89K | Conversion of Exercise of derivative security |
GATHY MICHAEL |
Officer | 1.44K | Conversion of Exercise of derivative security |
HOGBIN CHRISTOPHER E. G. |
Officer | 11.83K | Sale |
ORSZAG PETER RICHARD |
Chief Executive Officer | 260.94K | Sale |
RUSSO EVAN L |
Officer | 227.91K | Sale |
SOTO ALEXANDRA |
Chief Operating Officer | 148.19K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$3.54B
Enterprise value$4.84B
Revenue (TTM)$3.20B
Gross profit$2.86B
EBITDA—
Net income$219.03M
EPS (TTM)$2.04
Free cash flow—
Total cash$1.10B
Total debt$2.29B
Book value / share$9.38
Shares outstanding97.45M
Float96.50M
Short % of float11.64%
Dividend yield5.50%
Beta (5Y)1.46
Valuation & profitability ratios
Trailing P/E17.82
Forward P/E9.76
PEG ratio1.00
Price / sales—
Price / book3.88
EV / revenue1.51
EV / EBITDA—
Gross margin89.51%
Operating margin4.83%
Profit margin7.09%
Return on equity25.66%
Return on assets5.46%
Debt / equity225.80
Current ratio5.31
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $3.15B | $3.09B | $2.55B | $2.83B | +2.0% |
| Operating revenue | $3.02B | $2.86B | $2.46B | $2.79B | +5.4% |
| Cost of revenue | $2.09B | $2.00B | $1.95B | $1.66B | +4.1% |
| Gross profit | $1.06B | $1.08B | $605.13M | $1.17B | -1.9% |
| Selling, general & admin | $461.24M | $426.66M | $430.66M | $384.87M | +8.1% |
| Total operating expense | $685.87M | $662.15M | $649.44M | $600.27M | +3.6% |
| Operating income | $376.73M | $420.94M | -$44.31M | $568.91M | -10.5% |
| Net interest income | -$49.13M | -$34.46M | -$35.65M | -$52.06M | -42.5% |
| Pre-tax income | $327.60M | $386.47M | -$79.96M | $516.85M | -15.2% |
| Tax provision | $76.58M | $99.76M | -$22.65M | $124.36M | -23.2% |
| Net income | $236.83M | $279.91M | -$75.48M | $357.52M | -15.4% |
| Net income to common | $230.91M | $273.03M | -$79.92M | $351.79M | -15.4% |
| Basic EPS | 2.37 | 2.93 | -0.90 | 3.68 | -19.1% |
| Diluted EPS | 2.17 | 2.68 | -0.90 | 3.51 | -19.0% |
| EBIT | $415.22M | $474.54M | -$2.28M | $598.37M | -12.5% |
| EBITDA | $449.41M | $510.82M | $40.57M | $640.71M | -12.0% |
| Basic shares | 97.48M | 93.14M | 88.99M | 95.66M | +4.7% |
| Diluted shares | 106.34M | 102.39M | 88.99M | 101.00M | +3.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.47B | $1.31B | $971.32M | $1.23B | +12.3% |
| Cash & short-term investments | $1.64B | $1.58B | $1.19B | $2.01B | +3.8% |
| Accounts receivable | $897.79M | $753.62M | $762.32M | $652.76M | +19.1% |
| Total current assets | $2.78B | $2.62B | $2.29B | $3.58B | +6.4% |
| Property, plant & equipment | $580.59M | $595.34M | $639.73M | $681.68M | -2.5% |
| Goodwill & intangibles | $395.26M | $393.57M | $394.93M | $377.33M | +0.4% |
| Total assets | $4.94B | $4.79B | $4.64B | $5.85B | +3.1% |
| Total current liabilities | $886.39M | $896.78M | $1.03B | $1.56B | -1.2% |
| Long-term debt | $1.69B | $1.69B | $1.69B | $1.69B | +0.1% |
| Total debt | $2.17B | $2.19B | $2.18B | $2.20B | -0.9% |
| Total liabilities | $3.95B | $4.03B | $4.07B | $4.59B | -1.9% |
| Retained earnings | $1.49B | $1.47B | $1.40B | $1.68B | +1.1% |
| Shareholder equity | $873.65M | $636.24M | $423.76M | $556.46M | +37.3% |
| Working capital | $1.90B | $1.72B | $1.26B | $2.02B | +10.4% |
| Net tangible assets | $478.39M | $242.66M | $28.83M | $179.13M | +97.1% |
| Shares issued | 111.73M | 112.77M | 112.77M | 112.77M | -0.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $251.02M | $286.71M | -$57.31M | $392.48M | -12.4% |
| Depreciation & amortisation | $34.19M | $36.28M | $42.85M | $42.34M | -5.8% |
| Change in working capital | -$292.87M | $16.27M | -$240.87M | -$109.29M | -1,900.6% |
| Operating cash flow | $519.33M | $742.83M | $164.66M | $833.98M | -30.1% |
| Capital expenditure | -$31.95M | -$45.50M | -$28.30M | -$49.51M | +29.8% |
| Investing cash flow | -$81.98M | $134.07M | -$38.32M | -$56.44M | -161.1% |
| Share buybacks | -$91.01M | -$59.50M | -$102.05M | -$691.71M | -53.0% |
| Dividends paid | -$186.58M | -$179.02M | -$173.07M | -$181.88M | -4.2% |
| Financing cash flow | -$463.64M | -$439.67M | -$1.57B | -$1.38B | -5.5% |
| Free cash flow | $487.38M | $697.33M | $136.37M | $784.47M | -30.1% |
| End cash position | $1.67B | $1.61B | $1.22B | $2.64B | +3.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | — | $771.59M | $919.41M | $763.10M | $807.95M | $657.50M | — |
| Operating revenue | — | $684.72M | $888.44M | $733.93M | $768.83M | $624.98M | — |
| Cost of revenue | — | $491.89M | $637.69M | $498.21M | $519.21M | $430.27M | — |
| Gross profit | — | $279.69M | $281.72M | $264.89M | $288.75M | $227.23M | — |
| Selling, general & admin | — | $114.28M | $123.44M | $111.33M | $117.94M | $108.53M | — |
| Total operating expense | — | $175.11M | $184.07M | $154.94M | $183.71M | $163.15M | — |
| Operating income | — | $104.58M | $97.65M | $109.96M | $105.04M | $64.09M | — |
| Net interest income | — | -$15.01M | -$12.69M | -$15.03M | -$11.96M | -$9.45M | — |
| Pre-tax income | — | $89.57M | $84.95M | $94.93M | $93.08M | $54.63M | — |
| Tax provision | — | -$10.99M | $30.74M | $21.43M | $31.76M | -$7.35M | — |
| Net income | — | $100.92M | $49.86M | $71.25M | $55.35M | $60.38M | — |
| Net income to common | — | $97.58M | $48.21M | $69.69M | $55.35M | $58.56M | — |
| Basic EPS | 0.03 | 0.98 | 0.49 | 0.71 | 0.56 | — | -96.9% |
| Diluted EPS | 0.03 | 0.91 | 0.45 | 0.65 | 0.52 | — | -96.7% |
| EBIT | — | $112.39M | $107.61M | $117.62M | $114.24M | $75.75M | — |
| EBITDA | — | $120.21M | $116.25M | $126.09M | $122.87M | $84.19M | — |
| Basic shares | 101.36M | 99.46M | 99.01M | 98.11M | 97.53M | — | +1.9% |
| Diluted shares | 107.34M | 106.79M | 107.61M | 108.00M | 104.91M | — | +0.5% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.02B | $1.47B | $1.17B | $978.26M | $908.59M | -30.5% |
| Cash & short-term investments | $1.23B | $1.64B | $1.39B | $1.22B | $1.17B | -25.0% |
| Accounts receivable | $773.78M | $897.79M | $774.68M | $754.79M | $683.00M | -13.8% |
| Total current assets | $2.01B | $2.78B | $2.20B | $2.00B | $1.89B | -27.9% |
| Property, plant & equipment | $562.60M | $580.59M | $610.30M | $619.63M | $598.69M | -3.1% |
| Goodwill & intangibles | $394.59M | $395.26M | $395.25M | $395.23M | $394.10M | -0.2% |
| Total assets | $4.24B | $4.94B | $4.63B | $4.49B | $4.23B | -14.2% |
| Total current liabilities | $357.71M | $886.39M | $402.58M | $476.15M | $411.21M | -59.6% |
| Long-term debt | $1.69B | $1.69B | $1.69B | $1.69B | $1.69B | +0.0% |
| Total debt | $2.16B | $2.17B | $2.20B | $2.21B | $2.19B | -0.5% |
| Retained earnings | $1.56B | $1.49B | $1.49B | $1.48B | $1.48B | +4.8% |
| Shareholder equity | $881.30M | $873.65M | $841.52M | $741.60M | $603.03M | +0.9% |
| Working capital | $1.65B | $1.90B | $1.80B | $1.53B | $1.48B | -13.0% |
| Net tangible assets | $486.70M | $478.39M | $446.27M | $346.38M | $208.93M | +1.7% |
| Shares issued | 111.69M | 111.73M | 112.75M | 112.77M | 112.77M | -0.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $100.56M | $54.21M | $73.50M | $61.32M | $61.99M | +85.5% |
| Depreciation & amortisation | $7.82M | $8.64M | $8.48M | $8.63M | $8.44M | -9.5% |
| Change in working capital | -$376.41M | $187.42M | $75.96M | -$179.58M | -$376.68M | -300.8% |
| Operating cash flow | -$219.27M | $399.70M | $287.47M | $49.68M | -$217.53M | -154.9% |
| Capital expenditure | -$2.19M | -$3.58M | -$2.86M | -$11.69M | -$13.82M | +39.0% |
| Investing cash flow | -$47.51M | -$18.03M | -$14.94M | -$26.32M | -$22.69M | -163.4% |
| Share buybacks | -$1.69M | -$50.00M | -$1.08M | -$3.76M | -$36.16M | +96.6% |
| Dividends paid | -$46.95M | -$47.38M | -$47.18M | -$47.07M | -$44.95M | +0.9% |
| Financing cash flow | -$153.39M | -$134.68M | -$97.41M | -$39.97M | -$191.57M | -13.9% |
| Free cash flow | -$221.45M | $396.12M | $284.62M | $37.99M | -$231.35M | -155.9% |
| End cash position | $1.23B | $1.67B | $1.42B | $1.25B | $1.21B | -26.1% |
Options analytics
Put / call volume
0.18
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
29.00
-20.2% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
827
Contracts, this expiry
Put volume
152
Contracts, this expiry
Heaviest call OI
33.00
0 contracts
Heaviest put OI
29.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.35 | 0.12 | -66.0% |
| Mar 2026 | 0.51 | 0.42 | -17.2% |
| Dec 2025 | 0.69 | 0.80 | +16.2% |
| Sep 2025 | 0.44 | 0.56 | +27.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.56 | 9 | $842.06M | +16.2% |
| Next quarter | 1.08 | 8 | $1.01B | +13.5% |
| Current year | 2.18 | 10 | $3.33B | +10.0% |
| Next year | 3.80 | 10 | $4.00B | +20.0% |
Analyst targets & ownership
Mean target$45.75
High target$60.00
Low target$36.00
Implied upside27.62%
Analyst count8
ConsensusHOLD
Strong buy / Buy1 / 3
Hold4
Sell / Strong sell2 / 0
Held by insiders0.90%
Held by institutions105.47%
Institutions holding454
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
36.16
-0.87% from price
SMA 20
37.36
-2.67% from price
SMA 50
41.05
-11.42% from price
SMA 100
42.65
-15.94% from price
SMA 200
45.45
-19.99% from price
EMA 12
36.59
-2.01% from price
EMA 26
38.21
-6.19% from price
EMA 50
40.00
-10.38% from price
RSI (14)
39.2
Neutral
MACD (12,26,9)
-1.63
Hist 0.09
ATR (14)
1.36
3.73% of price
Realised vol 30D
32.1%
Annualised
Bollinger upper
41.65
20, 2σ
Bollinger lower
33.06
20, 2σ
50 / 200 cross
Death
41.05 vs 45.45
Trend bias
Below 200
-19.99%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.83
More volatile than market
Correlation to SPY
0.57
Loosely linked
Realised vol 30D
32.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-38.1%
Peak to trough
Max drawdown 5Y
-50.2%
Peak to trough
ATR 14
1.36
3.73% of price
Beta (reported)
1.46
5Y monthly, from filing
Short interest
Shares short
9.93M
Prior 9.25M
Change vs prior
+7.4%
Shorts adding
% of float
11.64%
Elevated
% of shares out
10.19%
Against total outstanding
Days to cover
8.3
Crowded exit
Float
96.50M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 1, 26 | Goldman Sachs | MAINTAINED | Sell | Sell |
| Jul 24, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 10, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 9, 26 | Morgan Stanley | MAINTAINED | Underweight | Underweight |
| May 5, 26 | Argus Research | MAINTAINED | Buy | Buy |
| May 4, 26 | UBS | MAINTAINED | Neutral | Neutral |
| May 4, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Apr 14, 26 | Goldman Sachs | MAINTAINED | Sell | Sell |
| Apr 10, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Apr 9, 26 | Morgan Stanley | MAINTAINED | Underweight | Underweight |
| Apr 8, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Apr 8, 26 | Keefe, Bruyette & Woods | DOWNGRADE | Outperform | Market Perform |
Dividends & splits
Forward rate$2.00 / yr
Forward yield5.50%
5-year avg yield4.74%
Payout ratio98.04%
Ex-dividend dateAug 3, 2026
Next pay dateAug 14, 2026
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-07-28
Corporate Changes & Voting Matters
8-K · 2026-07-23
Corporate Changes & Voting Matters
8-K · 2026-07-07
Offering Registrations
S-8 · 2026-06-17
Corporate Changes & Voting Matters
8-K · 2026-05-22
Periodic Financial Reports
10-Q · 2026-05-04
Corporate Changes & Voting Matters
8-K · 2026-05-01
Corporate Changes & Voting Matters
8-K · 2026-04-30
Headlines
BEN's AUM Falls 1.9% in September: Can Diversification Sustain Growth?
Zacks · 12h ago
3 Stocks for Higher Bond Yields Investors Should Watch
Simply Wall St. · 4d ago
Can Lazard's Asset Management Growth Power Its 2030 Revenue Goal?
Zacks · 5d ago
Lazard to Announce Third Quarter and Nine Month 2026 Financial Results
PR Newswire · 6d ago
Franklin vs. Lazard: Which Stock Has Better Growth Prospects?
Zacks · 8d ago
Pranjal Gambhir Joins Lazard as Head of Medical Technology
PR Newswire · 9d ago
TPG, StepStone Group, Ridgepost Capital, Perella Weinberg, and Lazard Shares Are Falling, What You Need To Know
StockStory · 12d ago
Lukoil Asset Sale Could Put ADNOC Gas Stock In Focus
Simply Wall St. · 14d ago
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