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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 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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Lazard Appoints Dan Schulman and Stephen R. Howe Jr. to Its Board of Directors

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Lazard, Inc. (LAZ) announced the appointment of former PayPal CEO Dan Schulman and former US Chairman and Managing Partner of the Americas for Ernst & Young, Stephen R. Howe Jr., to its Board of Directors, effective February 1, 2024. The expansion of the Board reflects the company's focus on building and strengthening Lazard for future growth. Schulman and Howe bring extensive leadership and financial expertise to guide the organization as it embarks on its next chapter.
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Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in December

Rhea-AI Summary
Lazard Global Total Return and Income Fund, Inc. (LGI) has confirmed a monthly distribution of $0.10459 per share on its outstanding common stock, payable on February 22, 2024. The distribution consists of a 100% return of capital. The average annual total return for the 5-year period ending on December 31, 2023, was 11.59%. The annualized current distribution rate expressed as a percentage of NAV as of December 31, 2023, was 6.25%. The cumulative total return for the fiscal year through December 31, 2023, was 19.68%, with cumulative fiscal year distributions as a percentage of NAV as of December 31, 2023, at 2.60%.
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Lazard to Announce Fourth Quarter and Full-Year 2023 Financial Results

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Lazard, Inc. (NYSE: LAZ) will release its Q4 and full-year 2023 financial results on February 1, 2024. The company will host a conference call to discuss the results, accessible through their website or by phone. A replay will also be available.
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Lazard Reports December 2023 Assets Under Management

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Lazard, Inc. (NYSE: LAZ) reported preliminary assets under management of approximately $246.7 billion as of December 31, 2023. The AUM included market appreciation of $8.5 billion, foreign exchange appreciation of $2.0 billion, and net inflows of $0.2 billion. The preliminary average assets under management for the quarter ended December 31, 2023, were $233.9 billion.
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Lazard Global Total Return and Income Fund Announces Monthly Distribution Amount

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Lazard Global Total Return and Income Fund, Inc. (LGI) confirms a monthly distribution of $0.10459 per share, equivalent to 7% annualized of its net asset value, payable on January 22, 2024. The Fund's investment objective is total return, consisting of capital appreciation and current income. It invests in a portfolio of approximately 60 to 80 US and non-US equity securities, including American Depository Receipts, generally of companies with market capitalizations greater than $2 billion, and may include investments in emerging markets. Lazard Asset Management, the Fund's investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of November 30, 2023, LAM and affiliated asset management companies in the Lazard Group managed $235.9 billion worth of client assets.
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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.

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Lazard, Inc.

NYSE:LAZ

LAZ Rankings

#1328 Ranked by Market Cap
#817 Ranked by Dividends

LAZ Stock Data

4.64B
87.11M
2.92%
71.34%
3.05%
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