Ariel Investments, LLC Acquires 5.2% Stake in Lazard Inc (LAZ)

On May 14, 2026, Ariel Investments, LLC filed a Schedule 13G with the SEC, disclosing a new 5.2% ownership stake in Lazard Inc (LAZ). As of the event date of March 31, 2026, the Chicago-based investment adviser reported beneficial ownership of 5,826,289 shares of common stock. The filing indicates that Ariel Investments holds sole dispositive power over all 5,826,289 shares and sole voting power over 5,265,803 shares. This position represents a significant increase from a previous 0.0% holding, crossing the 5% regulatory threshold for beneficial ownership disclosure. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. While Ariel Investments serves as the investment adviser, the filing notes that its clients have the right to receive dividends and proceeds from the sale of these shares, though no individual client holds more than a 5% interest. The filing was signed by James Prescott, Vice President of Compliance.