Lazard Ltd Stock Price, News & Analysis

Lazard Asset Management LLC has launched the new Lazard US Systematic Small Cap Equity Portfolio (Institutional: LUSIX; Open: LUSOX), managed by its experienced US Systematic Equity team, which averages 16 years of industry experience. The Fund targets small capitalization companies within the Russell 2000 Index, utilizing a unique investment strategy that blends fundamental and quantitative analysis. As of September 30, 2021, Lazard managed over $44 billion in US equity strategies, underlining their expertise in this market segment.

Lazard Ltd (NYSE: LAZ) reported record operating revenue of $702 million for Q3 2021, up 23% from Q3 2020. Adjusted net income for the quarter was $111 million, or $0.98 per share, reflecting a 46% increase. Year-to-date, revenue reached $2.171 billion, a 30% rise, with adjusted net income of $358 million. Financial Advisory revenue also saw a record high of $381 million, and average assets under management (AUM) hit $278 billion, a 23% increase. The firm returned $103 million to shareholders, including dividends and share repurchases, and maintains a robust financial position.

Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of $0.47 per share, scheduled for payment on November 19, 2021, to stockholders recorded by November 8, 2021. The firm, with a legacy dating back to 1848, focuses on financial advisory and asset management across 41 cities in 26 countries. Lazard provides essential services in mergers and acquisitions, restructuring, capital raising, and more for various clients, including corporations and governments.

Lazard Ltd (NYSE: LAZ) has published its annual Levelized Cost of Energy Analysis (LCOE 15.0), highlighting the cost-competitiveness of renewable energy technologies. The study indicates that while costs for onshore wind and solar have declined, capital cost inflation and supply chain disruptions may lead to increased future costs. Additionally, the Levelized Cost of Storage Analysis (LCOS 7.0) shows mixed trends due to supply constraints. The Levelized Cost of Hydrogen Analysis (LCOH 2.0) emphasizes hydrogen's potential but notes it remains more expensive than traditional fuels.

Lazard Ltd (NYSE: LAZ) announced the appointment of Luba Kotzeva de Diaz as Managing Director in Investment Banking, effective from November 1, 2021. Based in London, she brings significant expertise in energy transition and renewables, previously serving 22 years at Rothschild & Co, where she specialized in power and infrastructure. This strategic addition aims to strengthen Lazard's European Energy and Renewables Group amid increasing client focus on energy transition. Her extensive international network is expected to enhance Lazard's advisory capabilities in the sector.

The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of $0.11512 per share. This distribution is set to be paid on November 22, 2021 to shareholders of record on November 9, 2021, with an ex-dividend date of November 8, 2021. As of September 30, 2021, LAM, the investment manager, managed $272.6 billion in client assets, focusing on equity securities of companies with market capitalizations over $2 billion.

Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2021 results on October 29, 2021. The press release will be available on Lazard’s website. A conference call discussing the financial results will take place at 8:00 a.m. EDT on the same day, accessible via live audio webcast or by phone. A replay will be available after 10:00 a.m. EDT. Lazard is a leading financial advisory and asset management firm with operations in 41 cities across 26 countries. Further details can be found on their official website.

Lazard Ltd (NYSE: LAZ) has appointed Spyros Svoronos as Managing Director and Global Head of Chemicals within its Financial Advisory business. This appointment is effective immediately and follows Svoronos' tenure at Credit Suisse, where he led the Global Industrials Group and served as Global Head of Chemicals. Richard Whitney, previously the Global Head of Chemicals, will transition to Vice Chairman of Investment Banking. This strategic move enhances Lazard’s advisory capabilities in the chemicals sector.

William M. Lewis, Jr. has joined Lazard's Board of Directors as of April 29, 2022, while announcing his retirement from the firm on November 12, 2022. Lewis has served as a Managing Director for 17 years, most recently as Chairman of Investment Banking. He will transition to Apollo Global Management as a Senior Partner on November 15. Kenneth M. Jacobs, CEO of Lazard, praised Lewis as an influential investment banker and advisor to high-profile CEOs.