Lazard COO Alexandra Soto sells $3.76 million in stock

On June 11, 2025, Alexandra Soto, the Chief Operating Officer of Lazard, Inc. (NYSE:LAZ), executed a significant stock transaction. According to InvestingPro data, Lazard currently maintains a solid financial health rating of GOOD, with a market capitalization of approximately $4 billion. Soto sold 85,894 shares of the company’s common stock at a price of $43.81 per share, amounting to a total transaction value of approximately $3.76 million. Following this sale, Soto retains ownership of 113,872 shares, not including 256,932 restricted stock units she holds directly or indirectly. The sale was made to cover personal expenditures, as noted in the transaction details. The company trades at a P/E ratio of 13.7 and has maintained dividend payments for 21 consecutive years, with a current dividend yield of 4.6%. For deeper insights into Lazard’s valuation and financial metrics, access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Lazard, Inc. reported its preliminary assets under management (AUM) for May 2025, totaling approximately $235.3 billion. This represents an increase from April, despite net outflows of $3.7 billion, with a notable $4.3 billion withdrawal from a single sub-advised relationship. In a significant leadership update, Lazard Asset Management appointed Eric Van Nostrand as the Global Head of Markets and Chief Economist, aiming to enhance the firm’s investment strategies with his extensive experience from the US Treasury Department. Shareholders approved all proposals at Lazard’s Annual Meeting, including the election of directors and a non-binding advisory vote on executive compensation.

JMP analysts maintained a Market Outperform rating on Lazard, with a $55 price target, following the company’s first-quarter earnings report. Lazard’s adjusted earnings per share of $0.56 exceeded JMP’s expectations but fell short of the consensus estimate, with revenue slightly lower than anticipated. Despite the earnings miss, Lazard’s stock rose in pre-market trading, reflecting investor confidence in the company’s strategic initiatives. The firm reported a decline in financial advisory and asset management revenues, yet emphasized its continued focus on strategic growth and diversification. These developments underscore Lazard’s efforts to navigate a challenging market environment while maintaining robust client engagement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.