LAZ Lazard (LAZ) Insider Trading, Ownership & Congress Trades
Financial Services · Investment advice · CIK 0001311370
Form 144 · 3
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
252
13F, latest reported quarter
Conversions, 180 days
1
Codes C/M, not in net · no price filed
What the filings say about LAZ
Insiders, 180 days
-$5.4M net sold
1 seller · 100% of sales under a 10b5-1 plan
Congress, 1 year
No trades
Last one: sale, 2025-06-23
Planned sales (Form 144), 90 days
$6.3M
3 notices
Lazard insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, Lazard, Inc. insiders sold a net $5.4M of stock across 50 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 7 earlier Form 4 trades (code P or S) here by this insider (7 sales), the last on Mar 17, 2026.
- The trade is 47.9% of the 260,942 shares held after it.
- No other insider sold within 30 days.
- 252 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CEO & Chairman Orszag Peter Richard sold about $5.4M of LAZ under a 10b5-1 plan on Aug 25, 2026, the largest insider sale at the company since 2024; 252 funds added in the latest 13F quarter.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Mar 18, 2026.
- The trade is 33.3% of the 11,829 shares held after it.
- 1 other insider sold within 30 days.
- 252 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CEO Asset Management Hogbin Christopher sold about $155.3K of LAZ on Mar 19, 2026; 1 other insider sold within 30 days and 252 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 50.0% of the 15,773 shares held after it.
- 1 other insider sold within 30 days.
- 252 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CEO Asset Management Hogbin Christopher sold about $318.3K of LAZ on Mar 18, 2026; 1 other insider sold within 30 days and 252 funds added in the latest 13F quarter.Context
- 5 earlier Form 4 trades (code P or S) here by this insider (5 sales), the last on Sep 16, 2025.
- The trade is 31.5% of the 212,942 shares held after it.
- 1 other insider sold within 30 days.
- 252 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CEO & Chairman Orszag Peter Richard sold about $2.7M of LAZ on Mar 17, 2026; 1 other insider sold within 30 days and 252 funds added in the latest 13F quarter.Context
- 5 earlier Form 4 trades (code P or S) here by this insider (5 sales), the last on Sep 16, 2025.
- The trade is 0.9% of the 210,942 shares held after it.
- 1 other insider sold within 30 days.
- 252 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CEO & Chairman Orszag Peter Richard sold about $83.3K of LAZ on Mar 17, 2026; 1 other insider sold within 30 days and 252 funds added in the latest 13F quarter.50 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$5.4M over 180 days
-$5.4M over 90 days
below 71% of Financial Services
Congress
no House purchase disclosed in the last 12 months
Funds
252 funds bought in last quarter
more than 83% of Financial Services
Revenue
+1.5% year over year
below 69% of Financial Services
Margin
7.4% net margin
more than 53% of Financial Services
Buybacks
$1.7M repurchased, FY to 2026-03-31
below 91% of Financial Services
Short interest
8.8% of the float short (float per yahoo 2026-10-27) · 5.3 days to cover · settled 2026-10-15
more than 84% of Financial Services
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch LAZ
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-20.0%12M
Insider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns LAZ: institutional holders (13F)
13F holdings, latest reported quarter
11,153,716 sh
$467.8M
9,038,924 sh
$379.1M
6,136,015 sh
$257.3M
5,755,404 sh
$241.4M
5,021,304 sh
$210.6M
Congress trades in LAZ
STOCK Act disclosures, US House only, filed up to 45 days after the trade
Sold 2025-06-23 · disclosed 31 days later
$50,001 - $100,000
Sold 2025-03-31 · disclosed 11 days later
$15,001 - $50,000
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
LAZ planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Andrew Alper
Filed 2026-09-01
$423.2K
Orszag Peter Richard
Filed 2026-08-25
$5.4M
Andrew Alper
Filed 2026-08-20
$427.7K
LAZ mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
JNL Growth ETF Allocation Fund
$28.6M position · as of 2026-06-30
6.0%
JNL Moderate Growth ETF Allocation Fund
$17.8M position · as of 2026-06-30
4.6%
JNL Moderate ETF Allocation Fund
$8.7M position · as of 2026-06-30
3.5%
Ariel Fund
$99.4M position · as of 2026-06-30
3.4%
Cambiar SMID Fund
$932.8K position · as of 2026-07-31
2.4%
ICON EQUITY FUND
$1.3M position · as of 2026-06-30
2.3%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Peter R.Orszag
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$13.7M
$10.1M
$8.8M
+47%
+103%
2024
$11.4M
$62.2M
$7.0M
+49%
+76%
2022
$10.9M
$16.8M
$6.3M
-10%
+21%
2021
$11.8M
$26.3M
$7.9M
+7%
+35%
2020
$10.0M
$14.3M
$6.9M
+12%
-2%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $5.4M sold by insiders over 180 days, 252 funds added last quarter, $6.3M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
LAZ financials
Revenue growth
+1.5%
XBRL, annual
Net margin
7.4%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$3.3B
four quarters, 2025-04-01 to 2026-03-31
Revenue, TTM LAZ
| FY Dec 2025 | $3.2B |
| FY Dec 2024 | $3.1B |
| FY Dec 2023 | $2.6B |
| FY Dec 2022 | $2.9B |
| FY Dec 2021 | $3.3B |
| Mar 2026 | $779.4M |
| Dec 2025 | $929.4M |
| Sep 2025 | $770.8M |
| Jun 2025 | $817.2M |
| Mar 2025 | $669.2M |
| Dec 2024 | $839.0M |
| Sep 2024 | $807.4M |
| Jun 2024 | $708.0M |
At each fiscal year end
Single quarter
Net margin, TTM
+8.4%
net income over revenue, 2025-04-01 to 2026-03-31
Net margin, TTM LAZ
| FY Dec 2025 | +7.4% |
| FY Dec 2024 | +8.9% |
| FY Dec 2023 | -2.9% |
| FY Dec 2022 | +12.5% |
| FY Dec 2021 | +16.1% |
| Mar 2026 | +12.9% |
| Dec 2025 | +5.4% |
| Sep 2025 | +9.2% |
| Jun 2025 | +6.8% |
| Mar 2025 | +9.0% |
| Dec 2024 | +10.3% |
| Sep 2024 | +13.4% |
| Jun 2024 | +7.0% |
At each fiscal year end
Single quarter
Free cash flow, TTM
$497.3M
operating cash flow minus capex, 2025-04-01 to 2026-03-31
Free cash flow, TTM LAZ
| FY Dec 2025 | $487.4M |
| FY Dec 2024 | $697.3M |
| FY Dec 2023 | $136.4M |
| FY Dec 2022 | $784.5M |
| FY Dec 2021 | $826.4M |
| Mar 2026 | -$221.5M |
| Dec 2025 | $396.1M |
| Sep 2025 | $284.6M |
| Jun 2025 | $38.0M |
| Mar 2025 | -$231.3M |
| Dec 2024 | $348.0M |
| Sep 2024 | $276.2M |
| Jun 2024 | $169.8M |
At each fiscal year end
Single quarter
Debt to equity
1.92x
long-term debt only, 2026-03-31; equity 2026-03-31
Debt to equity LAZ
| FY Dec 2025 | 1.94x |
| FY Dec 2024 | 2.65x |
| FY Dec 2023 | 3.99x |
| FY Dec 2022 | 3.03x |
| FY Dec 2021 | 1.73x |
| Mar 2026 | 1.92x |
| Dec 2025 | 1.94x |
| Sep 2025 | 2.01x |
| Jun 2025 | 2.28x |
| Mar 2025 | 2.80x |
| Dec 2024 | 2.65x |
| Sep 2024 | 2.97x |
| Jun 2024 | 4.04x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.31x
TTM operating cash flow over long-term debt only, 2026-03-31
Cash flow to debt LAZ
| FY Dec 2025 | 0.31x |
| FY Dec 2024 | 0.44x |
| FY Dec 2023 | 0.10x |
| FY Dec 2022 | 0.49x |
| FY Dec 2021 | 0.51x |
| Mar 2026 | 0.31x |
| Dec 2025 | 0.31x |
| Sep 2025 | 0.29x |
| Jun 2025 | 0.29x |
| Mar 2025 | 0.36x |
| Dec 2024 | 0.44x |
| Sep 2024 | 0.39x |
| Jun 2024 | 0.25x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+37.4%
TTM net income over average of 2025-03-31 and 2026-03-31
Return on equity LAZ
| FY Dec 2025 | +31.5% |
| FY Dec 2024 | +52.8% |
| FY Dec 2023 | -15.3% |
| FY Dec 2022 | +46.7% |
| FY Dec 2021 | +56.0% |
| Mar 2026 | +37.4% |
| Dec 2025 | +31.5% |
| Sep 2025 | +37.3% |
| Jun 2025 | +51.7% |
| Mar 2025 | +61.2% |
| Dec 2024 | +52.8% |
| Sep 2024 | +52.3% |
| Jun 2024 | +38.3% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+6.6%
TTM net income over average of 2025-03-31 and 2026-03-31
Return on assets LAZ
| FY Dec 2025 | +4.9% |
| FY Dec 2024 | +5.9% |
| FY Dec 2023 | -1.4% |
| FY Dec 2022 | +5.5% |
| FY Dec 2021 | +8.0% |
| Mar 2026 | +6.6% |
| Dec 2025 | +4.9% |
| Sep 2025 | +5.8% |
| Jun 2025 | +6.9% |
| Mar 2025 | +6.9% |
| Dec 2024 | +5.9% |
| Sep 2024 | +5.7% |
| Jun 2024 | +3.4% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
tax provision or pre-tax income not filed for the four quarters
Return on invested capital LAZ
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
| Jun 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
n/a
assets or current liabilities not filed
Return on capital employed LAZ
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
| Jun 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
14.90x
close 2026-10-26 over four quarters of diluted EPS, 2025-04-01 to 2026-03-31
P/E, trailing LAZ
| FY Dec 2025 | 22.28x |
| FY Dec 2024 | 19.35x |
| FY Dec 2023 | n/a |
| FY Dec 2022 | 9.88x |
| FY Dec 2021 | 9.44x |
| Mar 2026 | 16.79x |
| Dec 2025 | 22.28x |
| Sep 2025 | 20.86x |
| Jun 2025 | 16.54x |
| Mar 2025 | 15.09x |
| Dec 2024 | 19.35x |
| Sep 2024 | 19.68x |
| Jun 2024 | 23.86x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$4.9B
market value at close 2026-10-26 on 2026-04-24 shares, plus long-term debt only, 2026-03-31, minus cash 2026-03-31
Enterprise value LAZ
| FY Dec 2025 | $5.7B |
| FY Dec 2024 | $6.2B |
| FY Dec 2023 | $4.6B |
| FY Dec 2022 | $4.4B |
| FY Dec 2021 | $5.1B |
| Mar 2026 | $5.4B |
| Dec 2025 | $5.7B |
| Sep 2025 | $6.5B |
| Jun 2025 | $6.1B |
| Mar 2025 | $5.7B |
| Dec 2024 | $6.2B |
| Sep 2024 | $6.4B |
| Jun 2024 | $5.3B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+11.8%
TTM free cash flow over market value at close 2026-10-26
FCF yield LAZ
| FY Dec 2025 | +8.9% |
| FY Dec 2024 | +12.0% |
| FY Dec 2023 | +3.5% |
| FY Dec 2022 | +20.1% |
| FY Dec 2021 | +16.8% |
| Mar 2026 | +10.5% |
| Dec 2025 | +8.9% |
| Sep 2025 | +7.4% |
| Jun 2025 | +8.0% |
| Mar 2025 | +11.5% |
| Dec 2024 | +12.0% |
| Sep 2024 | +12.0% |
| Jun 2024 | +10.0% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing EPS growth -12%, PEG needs growth
PEG, trailing LAZ
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | 0.31x |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | 0.20x |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
| Jun 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $2.6B | $2.9B |
| Operating income | $327.6M | $386.5M | -$80.0M | $516.8M |
| Net income | $237.0M | $280.0M | -$75.0M | $358.0M |
| EPS (diluted) | 2.17 | 2.68 | -0.90 | 3.51 |
| Operating cash flow | $519.3M | $742.8M | $164.7M | $834.0M |
| Cash | $1.5B | $1.3B | $971.3M | $1.2B |
| Long-term debt | $1.7B | $1.7B | $1.7B | $1.7B |
| Buybacks | $91.0M | $59.5M | $102.1M | $691.7M |
| Dividends paid | $186.6M | $179.0M | $173.1M | $181.9M |
SEC XBRL, fiscal years, as known on 2026-10-28
LAZ Stock Sonar score 6/7 axes
Find similar shapesCompareLAZ ranks highest on profitability (84th percentile) and institutional and government (83rd), and lowest on insider conviction (1st), among Financial Services peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
LAZ filings, in plain words
Are Lazard insiders buying or selling LAZ?
In the 180 days to 2026-10-28, Lazard insiders were net sellers, a net $5.4M across purchases and sales reported on Form 4, by 1 seller.
Have members of Congress traded LAZ?
Yes, but not in the year to 2026-10-28; the latest on record is a sale by James French Hill dated 2025-06-23.
Are there planned insider sales of LAZ?
Yes. 3 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $6.3M of stock; the latest, by Andrew Alper, was filed 2026-09-01.
Read the full summary
In the 180 days to 2026-10-28, Lazard insiders were net sellers of LAZ, a net $5.4M across purchases and sales reported on Form 4 by 1 seller. Members of Congress have disclosed trades in LAZ, none in the last year; the latest on record is a sale by James French Hill dated 2025-06-23. Insiders filed 3 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $6.3M of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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