Lazard, Inc. (LAZ)

Lazard, Inc. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.

Address

30 ROCKEFELLER PLAZA
NEW YORK, NY 10112

Founded

1848

Number of Employees

3,291

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$278,126 $292,873 $356,435 $374,630 $663,251 $594,660 $167,878 $474,166 $753,670 $156,575 $102,407 $383,152
Average Price $45.93 $50.24 $35.01 $43.95 $46.54 $36.31 $34.74 $43.88 $35.22 $36.62 $38.69 $40.07
# Shares Purchased 6,055,263 5,829,643 10,181,531 8,524,698 14,250,015 16,376,656 4,832,887 10,804,762 21,397,764 4,275,311 2,646,893 9,561,402
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 2.3% -6.4% 34.3% 6.9% 1.0% 29.4% 35.3% 7.1% 33.4% 28.3% 21.5% 17.3%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return -179.5% -179.4% -134.3% -122.8% -103.9% -63.7% -39.5% -24.6% -3.8% -3.0% 14.1% -76.7%
Quartile Rank
Percentile Rank 31% 31% 42% 41% 36% 51% 48% 52% 72% 69% 79% 53%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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