SCHEDULE: BlackRock Adjusts Lazard Stake to 11.2%
Beneficial Ownership Filing (Schedule 13G Amendment)
BlackRock, Inc. has updated its Schedule 13G filing, reporting a beneficial ownership of 11.2% in Lazard Inc. common stock as of August 31, 2026.
Summary
- BlackRock, Inc. has filed an amendment (Amendment No. 3) to its Schedule 13G, reporting its beneficial ownership of Lazard Inc. common stock.
- As of August 31, 2026, BlackRock, Inc. beneficially owns 10,871,335 shares, representing 11.2% of the class of securities.
- This ownership includes sole voting power over 10,626,033 shares and sole dispositive power over 10,871,335 shares.
- The filing clarifies that this report reflects securities owned by Reporting Business Units of BlackRock, Inc. and its subsidiaries, excluding other business units as per SEC Release No. 34-39538.
- BlackRock, Inc. is classified as a 'HC' (likely referring to a holding company or similar entity) for reporting purposes.
Sentiment
Score: 3
Explanation: StockSavvy.ai views this as a neutral filing, primarily an administrative update regarding beneficial ownership percentages, with no new strategic or financial performance information.
Positives
- BlackRock, Inc. continues to hold a significant stake in Lazard Inc., indicating ongoing investment interest.
- The filing confirms that BlackRock's ownership is managed in the ordinary course of business and not for the purpose of influencing control.
Negatives
- The filing does not provide any new financial performance data or strategic updates for Lazard Inc.
Risks
- Potential for future changes in BlackRock's ownership percentage, which could impact market perception or trading dynamics.
- The filing does not disclose specific reasons for any changes in beneficial ownership, leaving room for speculation.
Future Outlook
No forward-looking statements or guidance are provided in this filing, as it is a Schedule 13G amendment related to beneficial ownership.
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
StockSavvy.ai notes that Schedule 13G filings are common for institutional investors like BlackRock when their beneficial ownership of a public company's stock crosses certain thresholds. This filing indicates BlackRock's continued significant investment in Lazard Inc., a prominent financial advisory and asset management firm.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Revocation and Reissuance | A new Power of Attorney was executed by BlackRock, Inc. on January 21, 2025, revoking a previous one dated April 30, 2023. This grants specific individuals the authority to execute and file necessary reporting documents, including Schedule 13G, on behalf of BlackRock and its subsidiaries. | 2025-01-21 | Ensures continued compliance with regulatory reporting requirements by delegating authority to execute filings. |
Stakeholder Impact
- Shareholders of Lazard Inc.: The filing confirms BlackRock's substantial and ongoing investment, which can be viewed positively as a sign of institutional confidence. However, any significant future changes in BlackRock's stake could influence share price.
- BlackRock's clients: The management of client assets and reporting obligations are being handled in accordance with regulatory requirements.
Next Steps
- BlackRock, Inc. will continue to monitor its beneficial ownership of Lazard Inc. and file amendments to Schedule 13G as required by regulations.
- Lazard Inc. may observe continued institutional interest from BlackRock.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney dated for BlackRock, Inc. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2026-08-31 | Date of Event Which Requires Filing of this Statement (Reporting period end date for ownership). |
| 2026-09-04 | Date of signature on the Schedule 13G filing. |
Keywords
Lazard Inc., BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, SEC Filing
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