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.
Lazard, Inc. (NYSE: LAZ) is a financial advisory and asset management firm that regularly issues news and announcements related to its operations in investment banking and securities dealing. Founded in 1848, the company provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, alongside asset management and investment solutions for institutions, corporations, governments, partnerships, family offices, and high net worth individuals.
The LAZ news feed features earnings releases and financial updates, including quarterly and annual results and commentary on segment performance in Financial Advisory and Asset Management. Lazard also reports monthly and periodic assets under management (AUM) figures, broken down by categories such as equity, fixed income, and other strategies, giving insight into trends in its asset management platform.
Investors can also follow corporate developments such as leadership appointments, board changes, and updates on the firm’s long-term growth strategy. Lazard’s communications highlight initiatives in its asset management business, including the evolution of its global investment platform, the creation of roles like Chief Investment Officer for Lazard Asset Management, and the launch or conversion of investment products, such as an emerging markets equity ETF.
In addition, Lazard’s news includes information about capital markets transactions at the corporate level, such as senior notes offerings and tender offers for existing debt, which are relevant to understanding the company’s capital structure. For users tracking LAZ stock, this news page provides a centralized view of Lazard’s public announcements, from financial metrics and AUM updates to strategic hires and product developments across its advisory and asset management businesses.
Lazard (NYSE: LAZ) has appointed Peter Harrison to its Board of Directors, effective immediately. Harrison brings over 35 years of investment management experience, most recently serving as Group CEO of Schroders plc from 2016 to 2024.
During his tenure at Schroders, Harrison led the firm to more than double its assets under management to over £750 billion, expanding into private markets and wealth management, including a strategic joint venture with Lloyds Banking Group. His background includes senior positions at J.P. Morgan, Deutsche Asset Management, and leadership roles at RWC Partners
The appointment aligns with Lazard's strategy to strengthen and diversify its asset management business. Harrison has also served on the UK Treasury's Asset Management Taskforce and Capital Markets Industry Taskforce, and currently chairs Business in the Community.
Lazard Global Total Return and Income Fund (NYSE:LGI) has confirmed its monthly distribution of $0.14646 per share on outstanding common stock, payable on March 21, 2025, to shareholders of record on March 10, 2025. The Fund's investment portfolio consists of 60 to 80 US and non-US equity securities, focusing on companies with market capitalizations exceeding $2 billion.
The Fund invests in emerging market currencies through forward currency contracts and various debt obligations. As of January 31, 2025, Lazard Asset Management and affiliated companies managed $233.0 billion in client assets. The Fund's primary objective is total return through capital appreciation and current income.
The distribution includes components from net investment income, realized capital gains, and may include return of capital. Shareholders should note that the exact amounts for tax reporting purposes will depend on the Fund's fiscal year investment performance and may be subject to changes based on tax regulations.
Lazard (NYSE: LAZ) has announced the appointment of Chris Miller as Managing Director within its Power, Energy & Infrastructure Advisory business, based in Houston. Miller will focus on advising clients in the Oil & Gas sector within the Energy industry. Prior to joining Lazard, Miller served as Managing Director and Vice Chairman of Energy Investment Banking at Citigroup, spent 13 years at Lehman Brothers, and held positions at First Interstate Bank and H.D. Vest Investment Services.
George Bilicic, Global Head of Power, Energy & Infrastructure at Lazard, emphasized Miller's expertise and track record in the energy sector, noting that his strategic insights and relationships will strengthen the firm's advisory services amid the evolving energy landscape.
Lazard (NYSE: LAZ) reported preliminary assets under management (AUM) of $233.0 billion for January 31, 2025. The month saw positive developments across all categories, including:
- Market appreciation of $6.1 billion
- Foreign exchange appreciation of $0.4 billion
- Net inflows of $0.3 billion
The AUM breakdown consists of:
- Equity: $181.5 billion
- Fixed Income: $43.4 billion
- Other: $8.1 billion
This represents an increase from December 31, 2024, when total AUM stood at $226.3 billion.
Lazard (NYSE: LAZ) reported strong financial results for Q4 and full-year 2024, with firm-wide adjusted net revenue increasing 18% in 2024. The company's Financial Advisory segment showed significant growth with adjusted net revenue up 28% to $1,731 million, while Asset Management revenue increased 3% to $1,100 million.
Q4 2024 highlights include net revenue of $817 million and adjusted net income of $85 million ($0.78 per share). Full-year 2024 results show net revenue of $3,052 million and adjusted net income of $244 million ($2.34 per share). Assets Under Management (AUM) stood at $226 billion as of December 31, 2024, down 8% from the previous year.
The company returned $303 million to shareholders in 2024 through dividends ($179 million), share repurchases ($60 million), and employee tax obligations ($64 million). Lazard declared a quarterly dividend of $0.50 per share, payable February 21, 2025.
Lazard (NYSE: LAZ) has announced that its Board of Directors has declared a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend will be paid on February 21, 2025, to stockholders of record as of February 10, 2025.
Lazard Global Total Return and Income Fund (NYSE:LGI) has confirmed its monthly distribution of $0.14646 per share on the Fund's outstanding common stock, payable on February 21, 2025, to shareholders of record on February 10, 2025. The distribution represents a 100% return of capital.
Key performance metrics include:
- 5-year average annual total return (NAV): 7.66%
- Annualized current distribution rate: 10.20% of NAV
- Fiscal year cumulative total return: 6.51%
- Fiscal year distributions: 8.67% of NAV
The Fund invests in a portfolio of 60-80 US and non-US equity securities, focusing on companies with market capitalizations above $2 billion. It also includes investments in emerging market currencies and debt obligations. As of December 31, 2024, Lazard Asset Management and affiliated companies managed $226.3 billion in client assets.
Lazard (NYSE: LAZ) reported preliminary assets under management (AUM) of $226.3 billion as of December 31, 2024. The month saw significant changes including:
- Net outflows of $4.5 billion (including $3.3 billion from two concentrated sub-advisory relationships)
- Foreign exchange depreciation of $2.5 billion
- Market depreciation of $1.1 billion
The AUM breakdown shows:
- Equity: $174.9 billion
- Fixed Income: $43.3 billion
- Other: $8.1 billion
The preliminary average AUM for Q4 2024 was $233.8 billion, compared to total AUM of $234.4 billion in November 2024.
Lazard (NYSE: LAZ) has scheduled the announcement of its fourth-quarter and full-year 2024 financial results for Thursday morning, January 30, 2025. The company will host a conference call at 8:00 a.m. ET on the same day to discuss these results. The call will be accessible via a live audio webcast through Lazard's Investor Relations website section, or by phone using specific dial-in numbers for U.S./Canada (toll-free: 1-800-445-7795) and international callers (+1 785-424-1699) with conference ID: LAZQ424.
A replay of the conference call will be made available from 10:00 a.m. ET on January 30, 2025, through Lazard's website or via phone replay numbers.
Lazard (NYSE: LAZ) has expanded its Media, Entertainment & Sports group with three key appointments. Stephen Finkel joins as Managing Director and Global Head of Sports Advisory in New York, alongside Manoel Carvalho as Managing Director and Bryan Tannenbaum as Vice President.
Finkel, previously Senior Managing Director at Guggenheim Securities leading their sports advisory practice, brings experience from Rothschild & Co and Credit Suisse. He also serves as an Adjunct Associate Professor at NYU's Stern School of Business. Carvalho joins from Guggenheim Securities, where he focused on sports, media, and entertainment, having previously worked at Rothschild & Co and Deloitte.
These appointments follow the addition of Ben Braun as Global Head of Media, Entertainment & Sports, supporting Lazard's long-term growth strategy. Braun highlighted sports' development as a unique global asset class, emphasizing strong fan engagement in a fragmented content ecosystem.