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) has formed a strategic alliance with Independence Point Advisors (IPA), a women-owned investment bank, to enhance their service offerings beyond traditional investment banking. Lazard will hold a minority interest in IPA, which aims to provide a modern approach to C-suite and board-level services, including M&A assignments exclusively for Lazard. The partnership seeks to leverage the diverse expertise of IPA's leadership, enhancing Lazard's advisory capabilities and supporting diversity in the industry.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE: LGI) has declared a monthly distribution of
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately
Lazard Ltd (NYSE: LAZ) announced the appointment of Amanda Dupuy Ugarte as a Managing Director in the Private Capital Advisory Group, effective immediately. Based in New York, Ugarte brings extensive experience in structuring strategic GP-led secondary transactions. Before joining Lazard, she served as Managing Director at PJT Partners and has a strong background in investment banking from Morgan Stanley. Lazard, a global financial advisory and asset management firm, continues to enhance its advisory capabilities with this addition.
Lazard Asset Management LLC has launched the new Lazard US Systematic Small Cap Equity Portfolio (Institutional: LUSIX; Open: LUSOX), managed by its experienced US Systematic Equity team, which averages 16 years of industry experience. The Fund targets small capitalization companies within the Russell 2000 Index, utilizing a unique investment strategy that blends fundamental and quantitative analysis. As of September 30, 2021, Lazard managed over $44 billion in US equity strategies, underlining their expertise in this market segment.
Lazard Ltd (NYSE: LAZ) reported record operating revenue of $702 million for Q3 2021, up 23% from Q3 2020. Adjusted net income for the quarter was $111 million, or $0.98 per share, reflecting a 46% increase. Year-to-date, revenue reached $2.171 billion, a 30% rise, with adjusted net income of $358 million. Financial Advisory revenue also saw a record high of $381 million, and average assets under management (AUM) hit $278 billion, a 23% increase. The firm returned $103 million to shareholders, including dividends and share repurchases, and maintains a robust financial position.
Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of $0.47 per share, scheduled for payment on November 19, 2021, to stockholders recorded by November 8, 2021. The firm, with a legacy dating back to 1848, focuses on financial advisory and asset management across 41 cities in 26 countries. Lazard provides essential services in mergers and acquisitions, restructuring, capital raising, and more for various clients, including corporations and governments.
Lazard Ltd (NYSE: LAZ) has published its annual Levelized Cost of Energy Analysis (LCOE 15.0), highlighting the cost-competitiveness of renewable energy technologies. The study indicates that while costs for onshore wind and solar have declined, capital cost inflation and supply chain disruptions may lead to increased future costs. Additionally, the Levelized Cost of Storage Analysis (LCOS 7.0) shows mixed trends due to supply constraints. The Levelized Cost of Hydrogen Analysis (LCOH 2.0) emphasizes hydrogen's potential but notes it remains more expensive than traditional fuels.
Lazard Ltd (NYSE: LAZ) announced the appointment of Luba Kotzeva de Diaz as Managing Director in Investment Banking, effective from November 1, 2021. Based in London, she brings significant expertise in energy transition and renewables, previously serving 22 years at Rothschild & Co, where she specialized in power and infrastructure. This strategic addition aims to strengthen Lazard's European Energy and Renewables Group amid increasing client focus on energy transition. Her extensive international network is expected to enhance Lazard's advisory capabilities in the sector.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of
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