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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.

News

Lazard Announces Closing of Senior Notes Offering by Lazard Group LLC

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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 Announces Total Consideration for Lazard Group LLC’s Cash Tender Offer for Its 3.750% Senior Notes Due 2025

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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 Reports February 2024 Assets Under Management

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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 Announces Cash Tender Offer for 3.750% Senior Notes Due 2025 of Lazard Group LLC

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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 Announces Commencement of Senior Notes Offering and Concurrent Tender Offer by Lazard Group LLC

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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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Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in January

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Lazard Global Total Return and Income Fund, Inc. (LGI) announces a monthly distribution of $0.10459 per share, payable on March 22, 2024. The distribution comprises 100% return of capital. The fund's 5-year average annual total return is 9.58%, with a current distribution rate of 7.13% of NAV as of January 31, 2024.
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Lazard Reports January 2024 Assets Under Management

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Lazard, Inc. (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $243.8 billion as of January 31, 2024. The AUM included foreign exchange depreciation of $2.3 billion, net outflows of $2.1 billion, and market appreciation of $1.6 billion. The breakdown of AUM by asset class showed Equity at $188.36 billion, Fixed Income at $47.39 billion, and Other at $8.08 billion.
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Lazard Reports Fourth-Quarter and Full-Year 2023 Results

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Lazard, Inc. (NYSE: LAZ) reported net revenue of $806 million and operating revenue of $761 million for the fourth quarter of 2023. The U.S. GAAP net income was $64 million or $0.65 per share, diluted. The annual net revenue was $2,515 million, with a net loss of $75 million. Lazard's Financial Advisory operating revenue was $477 million for the fourth quarter, 18% higher than the same period in 2022. Asset Management operating revenue was $274 million, 6% higher than the fourth quarter of 2022. The company returned $330 million to shareholders in 2023. Lazard's financial position remains strong with $971 million in cash and cash equivalents as of December 31, 2023.
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Lazard Declares Quarterly Dividend of $0.50 Per Share

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Lazard, Inc. (LAZ) has declared a quarterly dividend of $0.50 per share on its outstanding common stock, payable on February 23, 2024, to stockholders of record on February 12, 2024.
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Lazard Asset Management Names Tomohiro Kamisaku as CEO of Lazard Japan Asset Management KK

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Lazard Asset Management announced that Tomohiro Kamisaku will become the new CEO of Lazard Japan Asset Management KK, succeeding Yugo Ishida, who will retire as CEO and become a Senior Advisor. The move aims to expand the firm's client base in Japan and deepen relationships with Japanese financial institutions. Kamisaku's extensive experience in the Japanese market positions him to lead these efforts effectively.
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FAQ

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

The current stock price of Lazard (LAZ) is $57.12 as of November 21, 2024.

What is the market cap of Lazard (LAZ)?

The market cap of Lazard (LAZ) is approximately 5.1B.

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.

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Lazard, Inc.

NYSE:LAZ

LAZ Rankings

#1286 Ranked by Market Cap
#863 Ranked by Dividends

LAZ Stock Data

5.14B
109.41M
2.92%
71.3%
2.87%
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