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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lazard's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lazard's position in the market.
Rhea-AI Summary
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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End-of-Day
-1.84%
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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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End-of-Day
-1.84%
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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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End-of-Day
2.07%
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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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End-of-Day
-0.52%
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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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Rhea-AI Sentiment
End-of-Day
1.02%
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Rhea-AI Summary
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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4.43%
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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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Rhea-AI Sentiment
End-of-Day
3.79%
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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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Rhea-AI Sentiment
End-of-Day
-0.89%
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Lazard and Elaia Partners plan to launch a late-stage and growth equity fund focused on Europe and managed by a new jointly owned asset management firm based in Paris. The new entity aims to meet the capital needs of future French and European technology and deep tech leaders, supporting companies at all stages of their development. Led by Xavier Lazarus, co-founder and managing partner of Elaia Partners, the joint effort looks to launch its first European-focused fund as early as 2024. The strategic partnership between Lazard and Elaia Partners expands Lazard’s range of products while benefiting from the expertise and track record of Elaia Partners, enabling Lazard to meet the growing demand of its institutional and private wealth management clients for private assets. The partnership also serves as a natural extension of Elaia Partners’ growth plan to cover later stages of development, while benefiting from Lazard’s global distribution network.
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Rhea-AI Sentiment
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4.86%
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Lazard Ltd (NYSE: LAZ) reported a preliminary total assets under management (AUM) of approximately $235.9 billion as of November 30, 2023. This included market appreciation of $13.7 billion, foreign exchange appreciation of $3.5 billion, and net outflows of $1.3 billion. The breakdown of AUM by asset type included $181,386 million in equity, $46,491 million in fixed income, and $8,047 million in other assets.
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Rhea-AI Sentiment
End-of-Day
0.94%
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Lazard, Inc.
NYSE:LAZ
LAZ Rankings
LAZ Stock Data
3.68B
83.99M
3.47%
55.49%
2.42%
Investment Banking and Securities Dealing
Finance and Insurance
United States of America
NEW YORK
About LAZ
lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 43 cities across 27 countries in north america, europe, asia, australia, central and south america. with origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. social media disclosure: https://www.lazard.com/social-media-disclosure/