Last $53.64 USD
Change Today -0.28 / -0.52%
Volume 243.7K
LAZ On Other Exchanges
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As of 8:04 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Clarendon House

2 Church Street

Hamilton, HM 11

Bermuda

Phone: 441-295-1422

Fax:

to focus on delivering superior investment performance and client service, and broadening its product offerings and distribution in selected areas in order to continue to drive improved business results. The company focuses on: enhancing its investment performance; improving its investment management platform by adding a number of senior investment professionals (including portfolio managers and analysts); strengthening its marketing and consultant relations capabilities; expanding its product platform, including through the addition of an emerging markets fixed income team, an Asian equity team and a global real estate investment team; and expanding the geographic reach of its Asset Management business, including through opening offices in Switzerland and Singapore. Alternative Investments The company engages in selected alternative investments and private equity activities. In 2009, the company established a private equity business with The Edgewater Funds (Edgewater), a Chicago-based private equity firm, through the acquisition of Edgewater’s management vehicles. In Australia, the company operates its private equity business through Lazard Australia Holdings Pty Limited, and, along with the company’s existing financial advisory business in Australia. LFCM Holdings LLC, through certain subsidiaries of Lazard Alternative Investments Holdings LLC (LAI), operates the alternative investment business (including private equity activities). Regulations In the U.S., certain of the company’s subsidiaries are subject to such regulations promulgated by the United States Securities and Exchange Commission (the SEC), the Financial Industry Regulatory Authority (FINRA) or the Municipal Securities Rulemakers Board (the MSRB). The company’s principal U.S. broker-dealer subsidiary, Lazard Frères & Co. LLC (LFNY), through which the company conducts most of its U.S. Financial Advisory business, is registered as a broker-dealer with the SEC and FINRA, and as a broker-dealer in all 50 U.S. states, the District of Columbia and Puerto Rico. Competition In the Financial Advisory business, the company’s primary competitors in securing engagements are Bank of America Merrill Lynch; Barclays; Citigroup; Credit Suisse; Deutsche Bank; Evercore Partners; Goldman Sachs; Greenhill; JPMorgan Chase; Mediobanca; Morgan Stanley; Rothschild; and UBS. In its Restructuring practice, its primary competitors are The Blackstone Group; Evercore Partners; Greenhill; Houlihan Lokey; Moelis & company; and Rothschild. The company’a primary competitors in its Asset Management business include Aberdeen and Schroders; Alliance Bernstein; Capital Management & Research; Fidelity; Franklin Templeton; Invesco; JP Morgan Asset Management; Lord Abbett; and MFS. History Lazard Ltd was founded in 1848.

 

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LAZ:US $53.64 USD -0.28

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Industry Analysis

LAZ

Industry Average

Valuation LAZ Industry Range
Price/Earnings 25.9x
Price/Sales 3.0x
Price/Book 13.2x
Price/Cash Flow 24.2x
TEV/Sales 2.2x
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