SCHEDULE: BlackRock Amends Passive Stake in Lazard Inc. to 7.9%
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, disclosing a 7.9% passive beneficial ownership stake in Lazard Inc.'s common stock.
Summary
- BlackRock, Inc. filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Lazard Inc.'s Common Stock.
- As of June 30, 2025, BlackRock, Inc. beneficially owns an aggregate of 7,478,006 shares of Lazard Inc. common stock.
- This aggregate amount represents 7.9% of Lazard Inc.'s class of securities.
- BlackRock, Inc. holds sole voting power over 7,176,863 shares and sole dispositive power over 7,478,006 shares.
- No shared voting or shared dispositive power is reported.
- The securities were acquired and are held in the ordinary course of business, not for the purpose or effect of changing or influencing the control of Lazard Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that inherently suggests a positive or negative sentiment beyond the routine nature of such a filing.
Positives
- The disclosure of a significant passive stake by a major institutional investor like BlackRock, Inc. may signal confidence in Lazard Inc.'s long-term prospects.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a large asset manager, BlackRock, Inc., indicating its passive investment position in Lazard Inc. It reflects BlackRock's ongoing portfolio management activities rather than a specific strategic move related to industry trends.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake, which may offer a degree of stability or confidence.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of execution for the Power of Attorney granted by BlackRock, Inc. |
| 06/30/2025 | Date of event which required the filing of this statement. |
| 07/17/2025 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
BlackRock, Lazard Inc., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing
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