Welcome to our dedicated page for Lazard news (Ticker: LAZ), a resource for investors and traders seeking the latest updates and insights on Lazard stock.
Lazard, Inc. (symbol: LAZ) is one of the world’s leading financial advisory and asset management firms. With a history that dates back to 1848, Lazard operates in 43 cities across 27 countries, including North America, Europe, Asia, Australia, Central, and South America. The firm's global presence and long-standing reputation make it a significant player in the financial services industry.
Lazard offers a wide array of services, including advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance. The company also provides comprehensive asset management services to corporations, partnerships, institutions, governments, and individuals. Notably, the firm’s revenue is nearly evenly split between financial advisory and asset management, with a strong emphasis on international equities in their asset management division.
The company's asset management business, which constitutes over 80% of its assets under management, is primarily focused on institutional clients. Geographically, Lazard generates approximately 60% of its revenue from the Americas, 35% from the EMEA region, and 5% from the Asia-Pacific.
With over 3,000 employees worldwide, Lazard continues to thrive by leveraging its deep industry expertise and global network. The firm's current projects and partnerships demonstrate its ongoing commitment to delivering high-value financial solutions. For the latest updates and relevant information about Lazard’s performance, events, and developments, you can follow their social media disclosures.
Lazard Ltd (NYSE: LAZ) reported record annual operating revenue of $3,139 million for 2021, a 24% increase from 2020. Adjusted net income reached $576 million, or $5.04 per share, marking a 40% rise compared to the previous year. The fourth quarter also saw record results with adjusted net income of $217 million. Financial Advisory revenue surged 27% to $1,778 million, while Asset Management revenue rose 20% to $1,329 million. Additionally, Lazard returned $670 million to shareholders in 2021, showcasing strong capital management and a commitment to long-term shareholder value.
Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of $0.47 per share on its outstanding common stock. This dividend is scheduled for payment on February 25, 2022, to stockholders of record as of February 14, 2022. Lazard, a leading financial advisory and asset management firm, operates globally and has a long-standing history dating back to 1848. The firm provides a wide range of financial services including mergers and acquisitions advice, strategic restructuring, and asset management.
Lazard Ltd (NYSE: LAZ) has appointed General John P. Abizaid as a Senior Advisor in its Financial Advisory division, effective immediately. Abizaid, a retired U.S. Army four-star General and former U.S. Ambassador to Saudi Arabia, will focus primarily on the Middle East and Europe. Lazard's leadership, including Chairman Kenneth M. Jacobs and CEO of Financial Advisory Peter R. Orszag, highlighted Abizaid's extensive experience and strategic insight, which they believe will enhance the firm's offerings to clients.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of
Lazard Ltd (NYSE: LAZ) is set to release its full-year and fourth-quarter 2021 financial results on February 3, 2022. A press release will be available on Lazard's website. Additionally, the company will host a conference call at 8:00 a.m. EST the same day to discuss the results. Access to the conference call will be provided via a live audio webcast or through a dedicated phone line. A replay of the call will also be available later that day.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately
The Lazard Global Total Return and Income Fund, Inc. (NYSE: LGI) has announced a monthly distribution of
Lazard Global Total Return and Income Fund (NYSE: LGI) has elected to be subject to the Maryland Control Share Acquisition Act (MCSAA) to protect the interests of its stockholders. This law limits the voting rights of holders of 'control shares' above 10% unless approved by other stockholders. The move aims to prevent undue influence from single stockholders seeking short-term gains, ensuring long-term value for all stockholders. As of November 30, 2021, Lazard's investment manager, LAM, managed $267.4 billion in client assets, highlighting its significant market presence.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution rate of 7.0% based on the Fund's net asset value as of December 31, 2021.
This distribution is payable on January 21, 2022, to shareholders of record as of January 10, 2022, with an ex-dividend date of January 7, 2022. The Fund primarily invests in a diversified portfolio of US and non-US equity securities and may include emerging markets.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a distribution of
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