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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

Sean Gallagher Joins Lazard Asset Management to Lead the Firm’s Small Cap Equity Platform

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Lazard Asset Management (Lazard) is pleased to announce that Sean Gallagher has joined the firm as Global Head of Lazard’s Small Cap Equity platform. Based in New York, Mr. Gallagher will have oversight of Lazard’s small cap strategies and will be responsible for leading the business through its next phase of growth. Scott Kolar also joins Lazard’s US Small Cap Equity Select team as a Portfolio Manager/Analyst. Lazard manages approximately $3bn across its four small cap strategies.
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Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in October

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Lazard Global Total Return and Income Fund, Inc. (LGI) confirms a monthly distribution of $0.09339 per share on its common stock. The distribution is payable on December 22, 2023, to shareholders of record on December 12, 2023, with an ex-dividend date of December 11, 2023. The Fund has also paid a previously declared distribution on November 22, 2023. The distribution breakdown includes 45% from net income, 0% from net realized short-term capital gains, 0% from net realized long-term capital gains, and 55% from return of capital. The average annual total return for the 5-year period ending on October 31, 2023, was 7.46%. The annualized current distribution rate as a percentage of NAV as of October 31, 2023, was 7.22%. The cumulative total return for the fiscal year through October 31, 2023, was 2.50%, and the cumulative fiscal year distributions as a percentage of NAV as of October 31, 2023, was 3.01%.
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Lazard Chief Executive Officer Peter R. Orszag to Speak at 2023 Goldman Sachs U.S. Financial Services Conference

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Lazard Ltd (NYSE: LAZ) to Participate in Fireside Chat at Goldman Sachs U.S. Financial Services Conference on December 5, 2023
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Lazard Reports October 2023 Assets Under Management

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Lazard Ltd (NYSE: LAZ) reports preliminary assets under management (AUM) of $220.1 billion as of October 31, 2023, including market depreciation of $5.3 billion, net outflows of $2.4 billion, and foreign exchange depreciation of $0.5 billion. Equity AUM decreased to $167.3 billion from $174.7 billion, while fixed income AUM decreased to $44.7 billion from $45.2 billion.
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Lazard LTD Reports Third-Quarter and Nine-Month 2023 Results

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Lazard Ltd reports operating revenue of $532 million for Q3 2023. Net income, as adjusted, was $10 million. Lazard announces conversion to C-Corporation effective January 1, 2024.
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Lazard Declares Quarterly Dividend of $0.50 Per Share

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Lazard Ltd (NYSE: LAZ) declares quarterly dividend of $0.50 per share on its outstanding common stock.
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Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in September

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Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) has confirmed a monthly distribution of $0.09339 per share on its outstanding common stock. The distribution is payable on November 22, 2023, to shareholders of record on November 10, 2023. The ex-dividend date is November 9, 2023.
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Lazard to Announce Third-Quarter and Nine-Month 2023 Financial Results

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Lazard Ltd to announce Q3 and 9M 2023 financial results on October 26, 2023
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Lazard Reports September 2023 Assets Under Management

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Lazard Ltd reports preliminary assets under management of $228.3 billion as of September 30, 2023
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Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in August

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Lazard Global Total Return and Income Fund, Inc. confirms a monthly distribution of $0.09339 per share on its outstanding common stock. The distribution is payable on October 24, 2023. The Fund estimates that it has distributed more than its net investment income and net realized capital gains, with a return of capital accounting for 53% of the distribution. The Fund's investment objective is total return, consisting of capital appreciation and current income. As of August 31, 2023, Lazard Asset Management managed $237.3 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 $57.7 as of November 22, 2024.

What is the market cap of Lazard (LAZ)?

The market cap of Lazard (LAZ) is approximately 5.2B.

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

#1290 Ranked by Market Cap
#859 Ranked by Dividends

LAZ Stock Data

5.22B
109.41M
2.92%
71.3%
2.87%
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