Lazard Shares Slide 5.3% on Hotter PPI Data, Advises on Senior PLC Deal
Lazard shares fell 5.3% after February producer price index rose hotter than forecasts, triggering a financial sector sell-off. The firm has been appointed alongside Jefferies to advise Advent International on a potential all-cash takeover of Senior PLC.
1. Stock Declines on Producer Price Index Data
After hotter-than-expected February producer price index data sparked a broad market pullback, Lazard’s shares dropped 5.3% in afternoon trading, underperforming other financial advisory firms as the financial sector saw significant losses.
2. Historical Share Performance
Lazard has experienced 13 share moves exceeding 5% over the past year and is trading at $50.19 per share, 13.1% below its August 2025 52-week high of $57.75; a $1,000 investment five years ago would now be worth $1,239.
3. Advising Advent International on Senior PLC Deal
Advent International is weighing an all-cash takeover of Senior PLC and has appointed Lazard and Jefferies to manage the sale process, positioning the firm to earn advisory fees upon deal completion.