Lazard Ltd Stock Price, News & Analysis

Lazard Asset Management has converted its International Equity Advantage mutual fund into an ETF called the Lazard International Dynamic Equity ETF (NYSE: IEQ). The new ETF offers a more tax-efficient and lower-fee solution for investing in international equities. IEQ employs a bottom-up selection process and combines machine intelligence with fundamental insights to build a diversified portfolio of international stocks.

Led by Portfolio Manager Paul Moghtader, the ETF aims to deliver consistent excess returns while avoiding overreliance on single styles or factors. This launch follows Lazard's recent ETF introductions including THMZ, JPY, and TEKY, demonstrating the firm's commitment to expanding its actively managed ETF platform.

Lazard (NYSE: LAZ) reported preliminary assets under management (AUM) of $231.4 billion for April 2025. The month's changes included:

- FX appreciation: $5.1 billion
- Market depreciation: $0.9 billion
- Net outflows: $0.2 billion

The AUM breakdown shows:
- Equity: $176.3 billion
- Fixed Income: $46.3 billion
- Other: $8.8 billion

Lazard (NYSE: LAZ) reported first-quarter 2025 results with net revenue of $648 million and adjusted net revenue of $643 million. The company posted net income of $60 million ($0.56 per share) on both GAAP and adjusted basis.

Financial Advisory revenue decreased 19% to $367 million, while Asset Management revenue declined 2% to $288 million compared to Q1 2024. Assets Under Management (AUM) stood at $227 billion, down 9% year-over-year. The company launched three active ETFs and announced a strategic alliance with Arini Capital Management to expand private capital connectivity across Europe.

During Q1 2025, Lazard returned $175 million to shareholders through dividends ($45M), share repurchases ($36M), and employee tax obligations ($94M). The company declared a quarterly dividend of $0.50 per share, payable on May 16, 2025.

Lazard (NYSE: LAZ) has announced a quarterly dividend declaration following a Board of Directors vote. The company will distribute a dividend of $0.50 per share on its outstanding common stock. Shareholders who are recorded as stockholders by May 5, 2025, will receive the dividend payment on May 16, 2025.

Lazard Global Total Return and Income Fund (NYSE:LGI) has announced its monthly distribution of $0.14646 per share, payable on May 22, 2025, to shareholders of record on May 12, 2025. The distribution comprises 38% from net realized long-term capital gains ($0.05627) and 62% return of capital ($0.09019).

The Fund's performance metrics show an average annual total return of 7.16% since inception and 12.63% for the 5-year period ending March 31, 2025. The current annualized distribution rate is 10.39% of NAV. However, the Fund has experienced a negative cumulative total return of -1.37% for the fiscal year through March 31, 2025.

The Fund invests in 60-80 US and non-US equity securities, emerging market currencies, and debt obligations. As of March 31, 2025, Lazard Asset Management managed $227.4 billion in client assets.

Lazard (NYSE: LAZ) has appointed former U.S. Congressman Patrick McHenry as Senior Advisor, effective April 23, 2025. McHenry, who brings over 20 years of experience in U.S. economic and financial policy, will be based in Washington, D.C., advising on public policy, financial services, FinTech, and AI-related matters.

McHenry served ten terms in Congress representing North Carolina's 10th Congressional District and held significant positions including Chairman of the House Financial Services Committee, Chief Deputy Whip, and Speaker pro tempore of the House of Representatives in 2023. CEO Peter Orszag emphasized that McHenry's policy expertise and Washington tenure will be valuable for clients navigating the intersection of business, politics, and global markets.

Lazard (NYSE: LAZ) has announced a strategic expansion into the United Arab Emirates, establishing Abu Dhabi as its main Financial Advisory office for the country, pending regulatory approval. The expansion highlights Abu Dhabi's position as a global business and financial hub while strengthening Lazard's presence in the MENA region.

As part of this initiative, Hussain Altajir has been appointed as CEO of Lazard Financial Advisory in UAE. Altajir brings over 20 years of experience and previously served as Head of Dubai Coverage, Global Banking at HSBC. He will collaborate with Sarah Al Suhaimi, Chairwoman, and Wassim Al Khatib, CEO of Financial Advisory for the MENA region, to enhance client relationships and expand regional operations.

Lazard (NYSE: LAZ) reported preliminary assets under management (AUM) of $227.4 billion for March 31, 2025, reflecting several key movements:

- Market depreciation: $5.4 billion
- Net outflows: $3.1 billion
- Foreign exchange appreciation: $3.1 billion

The asset composition includes:
- Equity: $174.1 billion
- Fixed Income: $44.0 billion
- Other: $9.3 billion

The preliminary average AUM for Q1 2025 stood at $230.8 billion, compared to February 2025's total AUM of $232.9 billion.

Lazard (NYSE: LAZ) has scheduled the announcement of its first quarter 2025 financial results for Friday morning, April 25, 2025. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the quarterly results.

Investors and interested parties can access the conference call through multiple channels: via audio webcast on Lazard's website Investor Relations section, or by dialing 1-800-445-7795 (U.S. and Canada toll-free) or +1 785-424-1699 (international) using conference ID: LAZQ125. A replay will be available from 10:00 a.m. ET through Lazard's website or by phone.