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Lazard ( (LAZ) ) has provided an announcement.
On May 21, 2026, Lazard, Inc. held its Annual Meeting of Shareholders, where investors approved an amendment to the company’s Certificate of Incorporation to declassify its board of directors over a three-year period, marking a shift away from staggered board terms and aligning governance with more shareholder-friendly practices. Following this vote, Lazard filed the amendment in Delaware on May 22, 2026, making it effective and simultaneously implementing amended and restated by-laws to reflect the phased board declassification and to update rules for filling new directorships and vacancies, while shareholders also voted on director elections, executive pay, changes to the 2018 incentive plan, and ratification of Deloitte & Touche as the 2026 auditor.
At the meeting, shareholders re-elected directors Peter R. Orszag, Michelle Jarrard, and Iris Knobloch, supported the non-binding advisory vote on executive compensation, and gave strong backing to the declassification amendment, signaling broad investor support for governance reforms that may increase board accountability. They also narrowly approved changes to the 2018 Incentive Compensation Plan amid a sizable opposition vote and overwhelmingly ratified Deloitte & Touche LLP as independent auditor for 2026, underscoring continuity in financial oversight despite evolving governance structures.
The most recent analyst rating on (LAZ) stock is a Sell with a $45.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.
Spark’s Take on LAZ Stock
According to Spark, TipRanks’ AI Analyst, LAZ is a Neutral.
The score reflects improving fundamentals supported by strong cash generation and a favorable valuation profile (low P/E and high dividend yield). The primary constraint is balance-sheet leverage, which increases downside sensitivity in a cyclical business. Technicals are moderately positive (price above short-term averages and positive MACD), while earnings call commentary is constructive—driven by Asset Management inflows and strategic expansion—offset by advisory softness and near-term expense pressure.
To see Spark’s full report on LAZ stock, click here.
More about Lazard
Lazard, Inc. is a global financial advisory and asset management firm, best known for its investment banking services, including mergers and acquisitions, restructuring, and strategic advisory, as well as managing assets for institutional and individual investors across multiple markets worldwide.
Average Trading Volume: 1,478,686
Technical Sentiment Signal: Buy
Current Market Cap: $4.65B
Find detailed analytics on LAZ stock on TipRanks’ Stock Analysis page.