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Lazard, Inc. - LAZ STOCK NEWS

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.

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Lazard and Elaia Partners have formed a strategic partnership to create Lazard Elaia Capital, a technology-focused private equity investment platform. The new company aims to support technology companies from seed to public listing, with a planned launch of an initial fund for Europe by 2025. Lazard has acquired a minority stake in Elaia Partners, with the potential to increase ownership to 100% over time.
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Lazard, Inc. (NYSE: LAZ) will release its first quarter 2024 financial results on April 25, 2024. The company will host a conference call to discuss the results, accessible via webcast or phone. A replay will be available later on the company's website.
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Lazard, Inc. (LAZ) reported preliminary assets under management of $250.4 billion as of March 31, 2024, with market appreciation of $5.3 billion, net outflows of $2.5 billion, and foreign exchange depreciation of $0.4 billion. The total AUM included Equity at $195.3 billion, Fixed Income at $47.2 billion, and Other at $8 billion.
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Lazard Global Total Return and Income Fund, Inc. (LGI) announces a monthly distribution of $0.10459 per share, payable on April 22, 2024, to shareholders of record on April 11, 2024. The Fund also paid a distribution on March 22, 2024. The distribution consists of return of capital. The Fund's 5-year average annual total return is 9.76%.
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Lazard, Inc. (NYSE: LAZ) announced the completion of a cash tender offer for its 3.750% Senior Notes due 2025, with $235,653,000 in Notes accepted. Holders will receive $987.80 per $1,000 principal amount of Notes, plus accrued interest. The Settlement Date is expected to occur on March 13, 2024.
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Lazard, Inc. (NYSE: LAZ) completes a $400 million offering of 6.000% Senior Notes due 2031, intending to repurchase outstanding 3.750% Senior Notes due 2025. The offering was made under an effective shelf registration statement, with the remaining proceeds allocated for general corporate purposes.
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Lazard, Inc. (NYSE: LAZ) announces the Total Consideration for its cash tender offer of 3.750% Senior Notes due 2025, urging holders to read the Offer to Purchase and related documents before the Tender Offer's expiration. The Total Consideration per $1,000 principal amount of Notes is $987.80, with accrued interest payable up to the Settlement Date. The Tender Offer is subject to certain conditions and can be extended, amended, or terminated by Lazard Group.
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Lazard, Inc. (LAZ) reported a total AUM of $248.0 billion as of February 29, 2024, with market appreciation of $7.0 billion, net outflows of $2.0 billion, and foreign exchange depreciation of $0.8 billion. The breakdown includes $192.7 billion in Equity, $47.3 billion in Fixed Income, and $8.1 billion in Other assets.
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Lazard, Inc. initiates a cash tender offer for its 3.750% Senior Notes due 2025. The offer expires on March 12, 2024, with a Total Consideration determined based on UST Reference Security. Holders are advised to review the Offer to Purchase before participating.
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Lazard, Inc. (LAZ) announces the commencement of an offering of senior notes by its subsidiary Lazard Group LLC, along with a cash tender offer for outstanding 3.750% Senior Notes due 2025. The proceeds from the Offering will be used to repurchase the 2025 Notes, pay related fees, and for general corporate purposes.
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FAQ

What is the current stock price of Lazard (LAZ)?

The current stock price of Lazard (LAZ) is $52.04 as of December 20, 2024.

What is the market cap of Lazard (LAZ)?

The market cap of Lazard (LAZ) is approximately 4.6B.

What services does Lazard, Inc. provide?

Lazard offers mergers and acquisitions advice, restructuring, capital structure, corporate finance, and asset management services.

Where does Lazard operate?

Lazard operates in 43 cities across 27 countries, including North America, Europe, Asia, Australia, and Central and South America.

What is the history of Lazard, Inc.?

Lazard was founded in 1848 and has grown to become one of the world’s leading financial advisory and asset management firms.

Who are Lazard’s primary clients?

Lazard serves corporations, partnerships, institutions, governments, and individuals, with a focus on institutional clients in their asset management business.

How is Lazard's revenue distributed geographically?

Approximately 60% of Lazard's revenue comes from the Americas, 35% from EMEA, and 5% from the Asia-Pacific region.

What is the focus of Lazard’s asset management business?

Lazard’s asset management business focuses primarily on equities, with an international outlook and geared towards institutional clients.

How many employees does Lazard have?

Lazard has over 3,000 employees worldwide.

Where can I find Lazard's social media disclosures?

Lazard's social media disclosures can be found at https://www.lazard.com/social-media-disclosure/.

What makes Lazard a leader in financial services?

Lazard's global presence, deep industry expertise, and comprehensive range of financial advisory and asset management services make it a leader in the financial services industry.

How can I stay updated with Lazard’s latest news?

You can stay updated with Lazard’s latest news and performance insights through their social media disclosures and financial updates.

Lazard, Inc.

NYSE:LAZ

LAZ Rankings

LAZ Stock Data

4.64B
87.11M
2.92%
71.34%
3.05%
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