LAZNYSEInvestment AdviceFiscal year ends December 31
Lazard, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 28, 2026
$35.61−0.48 (-1.33%)
Close on Oct 19, 2026
- Market cap
- $3.82B
- P/E (TTM)
- 17.5
- Dividend yield
- 5.62%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
91.9%
102M of 111M shares
Institutional holders
343
68 new, 55 sold out
Net institutional buying
11M
In Q2 2026
Insider trades, 12 months
0 buys · 5 sales
Net sold $8.73M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| T. Rowe Price Associates, Inc. | 9,601,861 | 8.60% | 13G (passive) amendment | Mar 31, 2026 |
| Ariel Investments, LLC | 5,826,289 | 5.20% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 5,807,861 | 6.18% | 13G (passive) | Mar 31, 2026 |
| Vanguard Portfolio Management | 4,967,500 | 5.28% | 13G (passive) | Mar 31, 2026 |
| FMR LLC | 11,260,412 | 10.10% | 13G (passive) amendment | Feb 27, 2026 |
| BlackRock, Inc. | 10,871,335 | 11.20% | 13G (passive) amendment | Aug 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of LAZ | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| FMR LLC | 11,152,391 | 10.09% | $467.73M | +540,481 | 0.02% |
| BlackRock, Inc. | 9,038,924 | 8.18% | $379.09M | +1,458,896 | 0.01% |
| Price T Rowe Associates Inc /Md/ | 8,962,415 | 8.11% | $375.88K | −639,484 | 0.04% |
| Vanguard Portfolio Management LLC | 6,136,015 | 5.55% | $257.34M | +1,182,289 | 0.01% |
| Ariel Investments, LLC | 5,755,404 | 5.21% | $241.38M | −70,885 | 2.41% |
| Vanguard Capital Management LLC | 5,021,304 | 4.54% | $210.59M | +58,215 | 0.00% |
| State Street Corp | 3,632,893 | 3.29% | $152.36M | +1,750,301 | 0.00% |
| Goldman Sachs Group Inc | 2,986,539 | 2.70% | $125.26M | +2,046,647 | 0.01% |
| Geode Capital Management, LLC | 2,561,497 | 2.32% | $107.45M | +96,584 | 0.01% |
| Capital Research Global Investors | 2,242,241 | 2.03% | $94.04M | −214,485 | 0.01% |
| Fisher Asset Management, LLC | 2,148,377 | 1.94% | $90.10M | −22,468 | 0.03% |
| Morgan Stanley | 2,137,354 | 1.93% | $89.64M | +633,158 | 0.00% |
| Dimensional Fund Advisors LP | 2,072,270 | 1.87% | $86.89M | +171,655 | 0.02% |
| Ameriprise Financial Inc | 1,952,363 | 1.77% | $81.88M | −201,564 | 0.02% |
| Norges Bank | 1,757,418 | 1.59% | $73.71M | New | 0.01% |
| Jupiter Topco LLC | 1,604,098 | 1.45% | $67.28M | New | 0.03% |
| Victory Capital Management Inc | 1,542,057 | 1.39% | $64.67M | −251,378 | 0.04% |
| Invesco Ltd. | 1,461,214 | 1.32% | $61.28M | +165,032 | 0.00% |
| Bnp Paribas Arbitrage, Snc | 1,362,926 | 1.23% | $57.16M | +1,311,695 | 0.02% |
| Epoch Investment Partners, Inc. | 1,306,301 | 1.18% | $54.79M | −54,565 | 0.31% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 343 | 102M | 91.9% | 68 / 116 | 105 / 55 | 21M | 10M |
| Q1 2026 | 334 | 92M | 83.2% | 50 / 136 | 104 / 45 | 20M | 6M |
| Q4 2025 | 333 | 89M | 80.2% | 54 / 117 | 99 / 52 | 8M | 3M |
| Q3 2025 | 339 | 84M | 75.7% | 75 / 106 | 103 / 32 | 5M | 9M |
| Q2 2025 | 300 | 87M | 79.1% | 61 / 115 | 86 / 43 | 8M | 10M |
| Q1 2025 | 285 | 89M | 80.8% | 48 / 107 | 80 / 48 | 15M | 6M |
| Q4 2024 | 291 | 81M | 73.5% | 54 / 112 | 85 / 27 | 9M | 7M |
| Q3 2024 | 271 | 80M | 71.9% | 52 / 95 | 76 / 35 | 16M | 6M |
| Q2 2024 | 255 | 77M | 70.0% | 61 / 97 | 57 / 27 | 12M | 13M |
| Q1 2024 | 221 | 78M | 70.8% | 207 / 4 | 7 / 3 | 78M | 0M |
| Q4 2023 | 17 | 1M | 0.5% | 17 / 0 | 0 / 0 | 1M | 0M |
| Q4 2018 | 0 | 0M | 0.0% | 0 / 0 | 0 / 1 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of LAZ | Value | % of fund | As of |
|---|---|---|---|---|---|
| T. Rowe Price Mid-Cap Value Fund, Inc. | 4,528,251 | 4.10% | $189.91M | 1.16% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 3,553,631 | 3.21% | $149.04M | 0.01% | Jun 30, 2026 |
| Fidelity Low-Priced Stock Fund | 2,880,752 | 2.61% | $122.09M | 0.49% | Jul 31, 2026 |
| Vanguard Small-Cap Index Fund | 2,562,455 | 2.32% | $107.47M | 0.06% | Jun 30, 2026 |
| iShares Select Dividend ETF | 2,371,355 | 2.15% | $100.50M | 0.43% | Jul 31, 2026 |
| Ariel Fund | 2,369,669 | 2.14% | $99.38M | 3.43% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 2,182,474 | 1.97% | $91.53M | 0.10% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,622,564 | 1.47% | $68.05M | 0.10% | Jun 30, 2026 |
| iShares Core S&P Small-Cap ETF | 1,385,580 | 1.25% | $58.11M | 0.05% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,281,041 | 1.16% | $53.73M | 0.05% | Jun 30, 2026 |
| Invesco Small Cap Value Fund | 1,260,985 | 1.14% | $53.44M | 0.48% | Jul 31, 2026 |
| Victory Sycamore Small Company Opportunity Fund | 1,130,000 | 1.02% | $47.39M | 1.01% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 1,022,392 | 0.92% | $42.88M | 0.25% | Jun 30, 2026 |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 961,610 | 0.87% | $45.51M | 0.02% | May 31, 2026 |
| Fidelity Stock Selector Small Cap Fund | 713,002 | 0.64% | $30.22M | 0.41% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Peter Richard Orszag | CEO & Chairman, Director | 334,683 | 0.30% | Aug 26, 2026 |
| Kenneth M. Jacobs | Executive Chairman, Director | 4,457,948 | 4.03% | Feb 3, 2025 |
| Michael Gathy | Chief Accounting Officer | 1,438 | 0.00% | Aug 18, 2026 |
| Tracy Farr | Chief Financial Officer | 5,903 | 0.01% | Aug 18, 2026 |
| Christopher Hogbin | CEO Asset Management | 11,829 | 0.01% | Aug 18, 2026 |
| Alexandra Soto | Chief Operating Officer | 249,032 | 0.23% | Aug 18, 2026 |
| Evan L. Russo | CEO of Asset Management | 544,496 | 0.49% | Sep 11, 2025 |
| Mary Ann Betsch | Chief Financial Officer | 0 | – | Mar 17, 2025 |
| Stephen R. Howe Jr. | Director | – | – | Aug 19, 2026 |
| Kathy Elsesser | Director | – | – | Jul 27, 2026 |
| Dmitry Shevelenko | Director | – | – | Jun 3, 2026 |
| Andrew M. Alper | Director | 0 | – | Jun 3, 2026 |
| Michelle Jarrard | Director | 0 | – | Jun 3, 2026 |
| Peter Harrison | Director | – | – | Jun 3, 2026 |
| Daniel H. Schulman | Director | – | – | Jun 3, 2026 |
| Iris Knobloch | Director | 0 | – | Jun 3, 2026 |
| Ann-Kristin Achleitner | Director | 0 | – | Jun 3, 2026 |
| Jane L. Mendillo | Director | 1,400 | 0.00% | Feb 20, 2025 |
| Richard D. Parsons | Director | 0 | – | Nov 19, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Peter Richard Orszag CEO & Chairman, Director | Aug 25, 2026 | Sale(10b5-1 plan) | −125,000 | $43.52 | $5.44M | 260,942 |
| Peter Richard Orszag CEO & Chairman, Director | Aug 24, 2026 | Option exercise | +250,000 | – | – | 460,942 |
| Peter Richard Orszag CEO & Chairman, Director | Aug 24, 2026 | Returned to company | −75,000 | – | – | 385,942 |
| Christopher Hogbin CEO Asset Management | Mar 19, 2026 | Sale(10b5-1 plan) | −3,944 | $39.37 | $155.28K | 11,829 |
| Christopher Hogbin CEO Asset Management | Mar 18, 2026 | Sale(10b5-1 plan) | −7,885 | $40.37 | $318.32K | 15,773 |
| Christopher Hogbin CEO Asset Management | Mar 17, 2026 | Option exercise | +48,332 | – | – | 48,332 |
| Christopher Hogbin CEO Asset Management | Mar 17, 2026 | Tax withholding | −24,674 | $40.06 | $988.44K | 23,658 |
| Peter Richard Orszag CEO & Chairman, Director | Mar 17, 2026 | Sale(10b5-1 plan) | −2,000 | $41.66 | $83.32K | 210,942 |
| Peter Richard Orszag CEO & Chairman, Director | Mar 17, 2026 | Sale(10b5-1 plan) | −67,170 | $40.73 | $2.74M | 212,942 |
| Peter Richard Orszag CEO & Chairman, Director | Mar 16, 2026 | Option exercise | +138,340 | – | – | 321,614 |
| Peter Richard Orszag CEO & Chairman, Director | Mar 16, 2026 | Returned to company | −41,502 | $40.82 | $1.69M | 280,112 |
| Michael Gathy Chief Accounting Officer | Mar 2, 2026 | Tax withholding | −813 | $50.60 | $41.14K | 1,438 |
| Michael Gathy Chief Accounting Officer | Mar 2, 2026 | Option exercise | +2,251 | – | – | 2,251 |
| Alexandra Soto Chief Operating Officer | Mar 2, 2026 | Tax withholding | −30,430 | $50.60 | $1.54M | 148,185 |
| Alexandra Soto Chief Operating Officer | Mar 2, 2026 | Option exercise | +64,743 | – | – | 178,615 |
| Tracy Farr Chief Financial Officer | Mar 2, 2026 | Option exercise | +5,903 | – | – | 5,903 |
| Tracy Farr Chief Financial Officer | Mar 2, 2026 | Tax withholding | −3,014 | $50.60 | $152.51K | 2,889 |
| Peter Richard Orszag CEO & Chairman, Director | Sep 16, 2025 | Sale(10b5-1 plan) | −32,475 | $54.09 | $1.76M | 183,274 |
| Peter Richard Orszag CEO & Chairman, Director | Sep 15, 2025 | Returned to company | −19,485 | $55.59 | $1.08M | 215,749 |
| Peter Richard Orszag CEO & Chairman, Director | Sep 15, 2025 | Option exercise | +64,949 | – | – | 235,234 |
| Evan L. Russo CEO of Asset Management | Sep 11, 2025 | Sale | −50,000 | $56.95 | $2.85M | 227,915 |
| Evan L. Russo CEO of Asset Management | Sep 10, 2025 | Sale | −25,000 | $55.71 | $1.39M | 277,915 |
| Michael Gathy Chief Accounting Officer | Sep 10, 2025 | Sale | −617 | $55.37 | $34.16K | 0 |
| Evan L. Russo CEO of Asset Management | Sep 9, 2025 | Gift | −15,000 | – | – | 302,915 |
| Alexandra Soto Chief Operating Officer | Jun 11, 2025 | Sale | −85,894 | $43.81 | $3.76M | 113,872 |
| Peter Richard Orszag CEO & Chairman, Director | Mar 17, 2025 | Sale(10b5-1 plan) | −26,352 | $45.91 | $1.21M | 170,285 |
| Peter Richard Orszag CEO & Chairman, Director | Mar 17, 2025 | Sale(10b5-1 plan) | −38,187 | $45.31 | $1.73M | 196,637 |
| Peter Richard Orszag CEO & Chairman, Director | Mar 14, 2025 | Sale(10b5-1 plan) | −37,331 | $45.51 | $1.70M | 234,824 |
| Peter Richard Orszag CEO & Chairman, Director | Mar 14, 2025 | Sale(10b5-1 plan) | −27,208 | $44.87 | $1.22M | 272,155 |
| Alexandra Soto Chief Operating Officer | Mar 13, 2025 | Tax withholding | −52,000 | $45.84 | $2.38M | 199,766 |
| Alexandra Soto Chief Operating Officer | Mar 13, 2025 | Option exercise | +110,638 | – | – | 251,766 |
| Peter Richard Orszag CEO & Chairman, Director | Mar 13, 2025 | Returned to company | −77,446 | $45.09 | $3.49M | 299,363 |
| Peter Richard Orszag CEO & Chairman, Director | Mar 13, 2025 | Option exercise | +258,154 | – | – | 376,809 |
| Evan L. Russo CEO of Asset Management | Mar 13, 2025 | Returned to company | −100,000 | $45.09 | $4.51M | 317,915 |
| Evan L. Russo CEO of Asset Management | Mar 13, 2025 | Option exercise | +254,467 | – | – | 417,915 |
| Michael Gathy Chief Accounting Officer | Mar 3, 2025 | Tax withholding | −346 | $50.15 | $17.35K | 617 |
| Michael Gathy Chief Accounting Officer | Mar 3, 2025 | Option exercise | +958 | – | – | 958 |
| Evan L. Russo CEO of Asset Management | Feb 14, 2025 | Sale | −25,000 | $55.32 | $1.38M | 163,448 |
| Evan L. Russo CEO of Asset Management | Feb 13, 2025 | Sale | −15,000 | $54.00 | $810.00K | 19,336 |
| Evan L. Russo CEO of Asset Management | Feb 12, 2025 | Sale | −35,000 | $53.64 | $1.88M | 188,448 |
| Evan L. Russo CEO of Asset Management | Feb 12, 2025 | Sale | −50,000 | $53.40 | $2.67M | 34,336 |
| Evan L. Russo CEO of Asset Management | Dec 13, 2024 | Gift | −4,000 | – | – | 223,448 |
| Peter Richard Orszag Chief Executive Officer, Director | Sep 13, 2024 | Returned to company | −67,500 | $46.10 | $3.11M | 118,655 |
| Peter Richard Orszag Chief Executive Officer, Director | Sep 13, 2024 | Option exercise | +84,633 | – | – | 186,155 |
| Kenneth M. Jacobs Executive Chairman, Director | Sep 4, 2024 | Sale(10b5-1 plan) | −700 | $47.90 | $33.53K | 1,552,525 |
| Kenneth M. Jacobs Executive Chairman, Director | Sep 4, 2024 | Sale(10b5-1 plan) | −28,803 | $48.30 | $1.39M | 1,523,722 |
| Kenneth M. Jacobs Executive Chairman, Director | Sep 3, 2024 | Sale(10b5-1 plan) | −69,701 | $48.05 | $3.35M | 206,309 |
| Kenneth M. Jacobs Executive Chairman, Director | Sep 3, 2024 | Sale(10b5-1 plan) | −2,030 | $49.25 | $99.98K | 1,553,225 |
| Kenneth M. Jacobs Executive Chairman, Director | Sep 3, 2024 | Sale(10b5-1 plan) | −85,740 | $48.05 | $4.12M | 1,555,255 |
| Kenneth M. Jacobs Executive Chairman, Director | Sep 3, 2024 | Sale(10b5-1 plan) | −2,030 | $49.25 | $99.98K | 204,279 |
| Kenneth M. Jacobs Executive Chairman, Director | Aug 26, 2024 | Sale(10b5-1 plan) | −53,047 | $50.02 | $2.65M | 276,010 |
| Kenneth M. Jacobs Executive Chairman, Director | Aug 26, 2024 | Sale(10b5-1 plan) | −86,728 | $50.02 | $4.34M | 1,640,995 |
| Kenneth M. Jacobs Executive Chairman, Director | Aug 23, 2024 | Sale(10b5-1 plan) | −1,999 | $50.01 | $99.97K | 1,727,723 |
| Kenneth M. Jacobs Executive Chairman, Director | Aug 23, 2024 | Sale(10b5-1 plan) | −1,222 | $50.01 | $61.11K | 329,057 |
| Kenneth M. Jacobs Executive Chairman, Director | Jul 16, 2024 | Sale(10b5-1 plan) | −207,000 | $45.23 | $9.36M | 1,729,722 |
| Kenneth M. Jacobs Executive Chairman, Director | Jul 16, 2024 | Sale(10b5-1 plan) | −127,000 | $45.23 | $5.74M | 330,279 |
| Kenneth M. Jacobs Executive Chairman, Director | Jul 9, 2024 | Sale(10b5-1 plan) | −28,288 | $40.19 | $1.14M | 457,279 |
| Kenneth M. Jacobs Executive Chairman, Director | Jul 9, 2024 | Sale(10b5-1 plan) | −46,107 | $40.19 | $1.85M | 1,936,722 |
| Kenneth M. Jacobs Executive Chairman, Director | Jun 3, 2024 | Sale(10b5-1 plan) | −6,762 | $40.00 | $270.48K | 1,982,829 |
| Kenneth M. Jacobs Executive Chairman, Director | Jun 3, 2024 | Sale(10b5-1 plan) | −4,149 | $40.00 | $165.96K | 485,567 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Alper Andrew Former Board Member | Sep 1, 2026 | 10,000 | $423.20K | Sep 1, 2026 | Acquired as compensation -- Restricted Stock Awards |
| Peter Richard Orszag Officer, Director | Aug 25, 2026 | 125,000 | $5.44M | Aug 25, 2026 | Restricted Stock Vesting |
| Alper Andrew Former Board Member | Aug 20, 2026 | 10,000 | $427.70K | Aug 20, 2026 | Acquired as compensation -- Restricted Stock Awards |
| Mary Ann Betsch Officer | Apr 14, 2026 | 9,092 | $453.22K | Apr 14, 2026 | Restricted Stock Vesting |
| Mary Ann Betsch Officer | Apr 9, 2026 | 3,030 | $136.35K | Apr 9, 2026 | Restricted Stock Vesting |
| Mary Ann Betsch Officer | Apr 8, 2026 | 3,030 | $136.35K | Apr 8, 2026 | Restricted Stock Vesting |
| Christopher Hogbin Officer | Mar 19, 2026 | 3,944 | $155.28K | Mar 19, 2026 | Restricted Stock Vesting |
| Mary Ann Betsch Former Officer | Mar 19, 2026 | 1,515 | $59.65K | Mar 19, 2026 | Restricted Stock Vesting |
| Christopher Hogbin Officer | Mar 18, 2026 | 7,885 | $318.32K | Mar 18, 2026 | Restricted Stock Vesting |
| Mary Ann Betsch Officer | Mar 18, 2026 | 1,515 | $61.16K | Mar 18, 2026 | Restricted Stock Vesting |
| Peter Richard Orszag Officer, Director | Mar 17, 2026 | 69,170 | $2.79M | Mar 17, 2026 | Restricted Stock Vesting |
| Mary Ann Betsch Officer | Mar 17, 2026 | 12,121 | $496.11K | Mar 17, 2026 | Restricted Stock Vesting |
| Peter Richard Orszag Officer, Director | Sep 16, 2025 | 32,475 | $1.76M | Sep 16, 2025 | Restricted Stock Vesting |
| Evan L. Russo Officer | Sep 11, 2025 | 50,000 | $2.85M | Sep 11, 2025 | Restricted Stock Vesting |
| Evan L. Russo Officer | Sep 10, 2025 | 25,000 | $1.39M | Sep 10, 2025 | Restricted Stock Vesting |