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Lazard Ltd - 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.

Overview of Lazard Ltd (LAZ)

Lazard Ltd is a venerable global financial services firm with a legacy dating back to 1848. Recognized for its expertise in M&A advisory, restructuring, and corporate finance, Lazard melds a storied heritage with a modern approach to financial advisory and asset management. The firm delivers high-caliber advice to corporations, partnerships, institutions, governments, and individuals, earning a reputation for deep analytical rigor and insightful strategic planning.

Core Business Areas

Lazard operates primarily through two complementary divisions:

  • Financial Advisory: This segment focuses on providing strategic guidance on mergers & acquisitions, restructuring, capital raising, and corporate finance. Lazard’s advisory services are designed to help clients navigate complex transactions, identify strategic opportunities, and execute plans that optimize capital structure. The firm’s ability to blend traditional financial principles with innovative strategies distinguishes its advisory practice.
  • Asset Management: With an emphasis on equities, Lazard manages a diversified portfolio with a significant focus on international markets. Its asset management operations cater primarily to institutional clients, emphasizing robust risk management and strategic geographic diversification. This segment complements the advisory practice by offering investment solutions that are both thoughtful and globally oriented.

Market Significance and Global Reach

Positioned as a major player in the global financial landscape, Lazard’s operations span 43 cities across 27 countries. Its business is structured to address varied market needs with a balance between advisory and asset management revenue streams. The firm’s geographical footprint — with prominent operations in the Americas, EMEA, and Asia-Pacific — enables it to derive insights from diverse markets and deliver tailored solutions that resonate with both local and international clients.

Competitive Landscape and Industry Nuances

Lazard distinguishes itself amid a competitive field by combining historical expertise with a modern, analytical approach. In a market populated by several financial advisory and asset management firms, Lazard’s dual focus on advisory services and equity-centric asset management offers a balanced model that caters to complex, multifaceted client needs. The firm’s advisory segment is distinguished not only by its deep industry knowledge but also by its ability to manage intricate financial restructuring and capital-raising challenges. Concurrently, its asset management division is known for its international focus and a solid track record in equity management, positioning it as a reliable partner to institutional investors.

Business Model and Operational Excellence

The company’s business model is built on fee-based advisory services and asset management fees, emphasizing transparency and thought leadership in finance. Lazard’s approach involves close collaboration with clients to formulate strategies that are robust in structure and execution. The firm's seasoned professionals combine analytical depth with practical insights, creating a bridge between conventional financial theories and the real-world dynamics of global markets. This operational excellence is reflected in its balanced revenue streams and in its ability to consistently generate insights that cater to both strategic and operational dimensions of financial management.

Expertise and Authoritativeness in the Financial Sector

Throughout its history, Lazard has built a reputation for providing unbiased, in-depth analyses and tailored financial solutions. Its long-standing experience provides a unique advantage in addressing complex financial concerns, from large-scale mergers and acquisitions to the nuances of international asset management. Lazard's strategic insights are underpinned by thorough market research and a commitment to delivering objective, data-driven recommendations that reflect its deep expertise.

Client-Centric Services

At the heart of Lazard’s operations is a commitment to understanding and addressing client needs. The firm’s multifaceted service offerings allow it to assist a diverse clientele ranging from governments to institutional investors. By offering specialized advice and customized asset management solutions, Lazard ensures that its clients receive comprehensive support at every stage of their financial journey.

Conclusion

In sum, Lazard Ltd (LAZ) stands as a well-established institution in the realm of financial advisory and asset management. Its historical legacy is complemented by a sophisticated operating model that balances advisory and asset management functions. With an emphasis on expert M&A, restructuring advisory, and international asset management, Lazard continues to offer insights and services that cater to the complex needs of its diverse clientele, securing its position as an authoritative and trusted partner in the global financial services industry.

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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, 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 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, 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, 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, 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, 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, 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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Lazard, Inc. (NYSE: LAZ) has completed its conversion from a publicly traded partnership to a U.S. C-Corporation under Delaware Law and changed its name from Lazard Ltd to Lazard, Inc., effective January 1, 2024. Shareholders will now receive dividends for U.S. tax purposes, and a final Schedule K-1 will be issued to shareholders of record in 2023 in March 2024. Peter R. Orszag, CEO of Lazard, emphasized the benefits of the conversion, including expanding the shareholder base, simplifying tax reporting, and enhancing trading liquidity.
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Lazard Global Total Return and Income Fund, Inc. (LGI) confirms a monthly distribution of 7.0% of the Fund’s net asset value per share as of December 29, 2023, payable on January 22, 2024, to shareholders of record on January 11, 2024. The distribution sources include net investment income, net realized capital gains, and return of capital. The average annual total return for the 5-year period ending on November 30, 2023, is 8.96%.
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FAQ

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

The current stock price of Lazard (LAZ) is $34.67 as of April 11, 2025.

What is the market cap of Lazard (LAZ)?

The market cap of Lazard (LAZ) is approximately 3.5B.

What are Lazard Ltd's primary business segments?

Lazard focuses on two main segments: financial advisory services, which include mergers & acquisitions, restructuring, and corporate finance, and asset management with an emphasis on equities and international markets.

How does Lazard generate revenue?

The firm generates revenue primarily through fee-based financial advisory services and asset management fees, addressing both transactional and investment management needs.

What distinguishes Lazard's approach to financial advisory?

Lazard's advisory services are noted for their deep analytical rigor, strategic planning, and the ability to manage complex transactions such as M&A and capital restructuring, supported by decades of industry expertise.

How is the asset management division structured?

Lazard's asset management division primarily focuses on equities and caters to institutional clients, leveraging its international focus to offer diversified investment strategies.

What is Lazard's geographic presence?

The company maintains a global footprint with offices in key financial centers across 27 countries, predominantly serving the Americas, EMEA, and Asia-Pacific regions.

Who are the typical clients of Lazard Ltd?

Lazard serves a broad range of clients including corporations, partnerships, governments, institutions, and individuals, providing tailored financial advice and asset management solutions.

How does Lazard maintain its industry expertise?

With a history dating back to 1848, Lazard leverages decades of experience and comprehensive market research, combining historical insights with modern financial analysis to deliver nuanced, informed advice.

How does Lazard compare with competitors?

While operating in a competitive industry, Lazard differentiates itself through its balanced focus on both advisory and asset management services, supported by a global presence and a longstanding reputation for objective and detailed financial analysis.
Lazard Ltd

NYSE:LAZ

LAZ Rankings

LAZ Stock Data

3.46B
87.35M
2.79%
72.83%
7.16%
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