Which institution holds the most shares in Lazard Inc. (LAZ)

Lazard Inc. (NYSE: LAZ) is 12.21% higher on its value in year-to-date trading and has touched a low of $25.82 and a high of $42.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LAZ stock was last observed hovering at around $39.32 in the last trading session, with the day’s loss setting it -0.27%.

Currently trading at $39.05, the stock is -0.33% and 8.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing -0.69% at the moment leaves the stock 20.68% off its SMA200. LAZ registered 0.77% gain for a year compared to 6-month gain of 17.06%. The firm has a 50-day simple moving average (SMA 50) of $1.70 and a 200-day simple moving average (SMA200) of -$1.93k.

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The stock witnessed a 3.01% loss in the last 1 month and extending the period to 3 months gives it a 37.02%, and is -4.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.88% over the week and 2.80% over the month.

Lazard Inc. (LAZ) has around 3402 employees, a market worth around $3.41B and $2.59B in sales. Fwd P/E is 9.29. Profit margin for the company is -3.03%. Distance from 52-week low is 51.24% and -7.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.02%).

Lazard Inc. quarterly earnings per share for the current quarter are estimated at $0.46 with sales reaching $624.06M over the same period.The EPS is expected to grow by 304.39% this year, but quarterly earnings will post 17.20% year-over-year. Quarterly sales are estimated to grow 18.40% in year-over-year returns.

236 institutions hold shares in Lazard Inc. (LAZ), with institutional investors hold 56.47% of the company’s shares. The shares outstanding are 85.95M, and float is at 81.91M with Short Float at 4.05%. Institutions hold 54.60% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 10.48 million shares valued at $335.27 million. The investor’s holdings represent 9.29% of the LAZ Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 9.13 million shares valued at $292.08 million to account for 8.09% of the shares outstanding. The other top investors are Ariel Investments, LLC which holds 7.26 million shares representing 6.44% and valued at over $232.34 million, while Blackrock Inc. holds 4.11% of the shares totaling 4.63 million with a market value of $148.14 million.

Lazard Inc. (LAZ): Who are the competitors?

One of the company’s main competitors (and peers) include Morgan Stanley (MS) that is trading -12.99% down over the past 12 months.Goldman Sachs Group Inc. (GS) lies in the list of competitors of the Lazard Inc. and is 3.71% higher over the same period from LAZTradeweb Markets Inc. (TW) is 37.10% up on the 1-year trading charts.