# Lazard, Inc. (LAZ)

> Source: Nexqual · https://nexqual.com/LAZ · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Lazard, Inc. (LAZ), nexqual.com/LAZ" · informational, not investment advice.

**Price:** USD 37.3 (-0.19% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 37.37 · day 35–37.53 · 52w 34.13–58.75 · market cap $3.63B · NYQ

## Key facts
- 2 of 80 tracked superinvestors hold LAZ (13F, Q2 2026): 0 new, 0 added, 1 reduced, 1 unchanged.
- Analysts: Hold (mean 2.70 on a 1–5 scale) (10 analysts), mean target USD 43 (range 35–60).
- Total return with dividends: 1Y -20.9% vs S&P 500 +14.9%; 5Y -8.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 0.57, revenue estimate $1.01B.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold LAZ. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| John Rogers | Ariel Investments | 2.41% | $241M | Reduced -1.2% |
| Mason Hawkins | Southeastern Asset Management | 0.04% | $780K | Unchanged |

## Analysts
Consensus Hold (mean 2.70 on a 1–5 scale), 10 analysts; mean target USD 43 (low 35, high 60).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | Goldman Sachs | Target lowered | Sell | $36 → $32 |
| 2026-10-08 | Morgan Stanley | Target lowered | Underweight | $44 → $41 |
| 2026-10-07 | UBS | Target lowered | Neutral | $44 → $40 |
| 2026-10-01 | Goldman Sachs | Target lowered | Sell | $42 → $36 |
| 2026-07-24 | Keefe, Bruyette & Woods | Target lowered | Market Perform | $44 → $42 |
| 2026-07-10 | Keefe, Bruyette & Woods | Target lowered | Market Perform | $49 → $44 |
| 2026-07-09 | Morgan Stanley | Target lowered | Underweight | $53 → $47 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -20.9% | -8.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -20.9% | -1.8% |
| Volatility (annualized) | 42.5% | 36.3% |
| Max drawdown | -37.8% (Feb 2026→Oct 2026) | -41.8% (Oct 2021→Nov 2023) |

## Peers (Capital Markets)
MIAX (Miami International Holdings, I) USD 34.99 +4.20% · MC (Moelis & Company) USD 55.06 +3.77% · PIPR (Piper Sandler Companies) USD 65.54 +1.77% · RIOT (Riot Platforms, Inc.) USD 12.89 -8.06% · VIRT (Virtu Financial, Inc.) USD 56.25 -1.52% · FIGR (Figure Technology Solutions, In) USD 24.04 -5.21%

## More
Full page: https://nexqual.com/LAZ · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $0.56 | $1.08 | -47.9% | $1.01B | 2 |
| Next quarter (ends 2027-03-31) | $0.68 | $0.84 | -19.6% | $845.4M | 7 |
| Current fiscal year (ends 2026-12-31) | $1.64 | $2.25 | -27.1% | $3.28B | 8 |
| Next fiscal year (ends 2027-12-31) | $3.34 | $3.98 | -16.3% | $3.92B | 10 |