Lazard Ltd Stock Price, News & Analysis

Lazard (NYSE:LAZ) converted its Lazard Emerging Markets Core Equity Portfolio into the actively managed ETF Lazard Emerging Markets Opportunities Fund (NYSE:EMKT) on October 27, 2025. EMKT offers high‑conviction access to emerging markets using Lazard’s >30 years of regional research and on‑the‑ground insights. The ETF targets companies with strong financial productivity and long‑term growth potential, while selectively investing in mispriced and tactical opportunities. Lazard positions EMKT to capture structural trends—urbanization, rising incomes, and demographic shifts—and to provide streamlined, actively managed exposure to emerging markets with an emphasis on risk management.

Lazard (NYSE: LAZ) reported third-quarter 2025 net revenue $748M and record adjusted net revenue $725M (up 12% year-over-year). For the first nine months of 2025 Lazard reported net revenue $2,192M and adjusted net revenue $2,138M. U.S. GAAP net income for Q3 2025 was $71M ($0.65 diluted); adjusted net income was $62M ($0.56 diluted). Financial Advisory delivered record year-to-date adjusted revenue of $1.283B. Asset Management reported Q3 AUM of $265B, up 17% year-to-date, with positive net inflows and $12B market appreciation sequentially. Lazard returned $295M to shareholders in 9M 2025 and declared a quarterly dividend of $0.50/share payable Nov 14, 2025. Management highlighted continued client engagement and a planned Asset Management CEO transition.

Lazard Global Total Return and Income Fund (NYSE:LGI) confirmed a monthly distribution of $0.14646 per share, payable November 24, 2025, to shareholders of record November 12, 2025 (ex-dividend November 12, 2025). The Fund paid a previously declared distribution on October 22, 2025.

Estimated composition of the current distribution: Net income $0.09182 (63%), Net realized long-term gains $0.05026 (34%), and short-term gains $0.00438 (3%). Fiscal year-to-date cumulative distributions total $1.46460 with $0.81139 from long-term gains and $0.36879 classified as return of capital.

Key metrics: 5-year average annual total return 9.70%, annualized distribution rate 9.60% of NAV, and cumulative fiscal-year distributions equal 7.20% of NAV as of September 30, 2025.

Lazard (NYSE: LAZ) announced a quarterly cash dividend of $0.50 per share. The Board declared the dividend on October 22, 2025, payable on November 14, 2025 to shareholders of record on November 3, 2025. This provides a near-term cash distribution to common shareholders.

Lazard (NYSE: LAZ) appointed Edouard Panié as Managing Director and Co-Head of European Financial Sponsors Coverage, effective as announced on October 20, 2025. He will report to Klaus H. Hessberger, Global Co-Head and Head of Europe for Lazard’s Financial Sponsors Group, to strengthen the firm’s partnerships with financial sponsors across Europe.

Panié joins from Goldman Sachs after nearly two decades, where he advised on more than 60 landmark M&A, debt, and equity transactions. He will be based in London and holds an MBA from Harvard Business School and an engineering degree from CentraleSupélec.

Lazard (NYSE: LAZ) reported preliminary assets under management (AUM) of $264.5 billion as of September 30, 2025. The month included $5.4 billion of market appreciation, $0.5 billion of FX appreciation, and $0.3 billion of net inflows. Preliminary average AUM for the quarter ended September 30, 2025 was $257.4 billion.

Segment AUM (Sept 30, 2025): Equity $208.5 billion; Fixed Income $47.2 billion; Other $8.8 billion; Total AUM $264.537 billion. August 31, 2025 total AUM was $258.368 billion. All figures are unaudited and preliminary, subject to adjustment.

Lazard (NYSE: LAZ) will release third quarter and nine month 2025 financial results on Thursday, October 23, 2025. The press release will be posted in the News & Announcements section at www.lazard.com. Lazard will host a conference call to discuss results on October 23, 2025 at 8:00 a.m. ET, accessible via a live audio webcast in the Investor Relations section of www.lazard.com or by phone using conference ID LAZQ325. A replay will be available by 10:00 a.m. ET on October 23, 2025 through the Investor Relations site or by toll-free replay numbers for U.S./Canada and international callers.

Lazard Listed Infrastructure ETF (NYSE Arca: GLIX) launched on October 6, 2025, offering an actively managed equity strategy that targets listed infrastructure companies.

GLIX holds a concentrated portfolio of 25–50 companies with market caps above $2 billion, emphasizes inflation‑linked, monopoly‑like cash flows, uses a benchmark‑aware, bottom‑up process, and is passively hedged to USD for U.S. investors. The strategy is managed by Bertrand Cliquet, Matthew Landy, John Mulquiney, and Warryn Robertson and positions infrastructure as a middle ground between equities and fixed income.

Lazard (NYSE: LAZ) announced on October 3, 2025 that Retired Four‑Star U.S. Army General Michael “Erik” Kurilla has joined as Senior Advisor in Lazard’s Geopolitical Advisory group, effective immediately.

Kurilla brings strategic command experience in the Middle East and Central Asia. The hire builds on Lazard Geopolitical Advisory, launched three years ago, to advise clients on the intersection of geopolitics, policy, and investment strategy. Lazard CEO Peter Orszag and General Kurilla both emphasized the role of geopolitics in shaping market and business decisions.