New insider activity at Lazard ( (LAZ) ) has taken place on February 15, 2025.
Evan L Russo, the CEO of Asset Management, has recently executed two significant transactions involving Lazard stock. In the first transaction, he sold 60,000 shares, generating proceeds of $3,260,050. Shortly thereafter, Russo sold an additional 65,000 shares, bringing in $3,480,000. These sales highlight a notable movement in Lazard’s stock by one of its key executives.
Recent Updates on LAZ stock
Lazard’s recent financial updates have led to changes in price targets from analysts, primarily due to its strong 2024 financial performance and strategic growth initiatives. The company reported a firm-wide adjusted net revenue increase of 18% and significant growth in its Financial Advisory segment, which saw a 28% year-over-year rise. Despite challenges such as a decrease in assets under management and notable outflows, Lazard’s robust revenue growth, improved operating margins, and strategic focus on financial advisory services have positively influenced analysts’ outlooks. Keefe Bruyette raised its price target for Lazard due to these strong financial results, while Goldman Sachs acknowledged the company’s revenue beat and positive management tone on future prospects, despite maintaining a cautious stance due to uncertainties in achieving targeted compensation ratios.
More about Lazard
YTD Price Performance: 5.82%
Average Trading Volume: 884,737
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.88B
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