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. reports developments in financial advisory and asset management, its two recurring business lines. The firm provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, while its asset management business offers investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals.
Recurring LAZ news includes quarterly operating results, monthly assets-under-management updates with flow, market, foreign-exchange and asset-class detail, common-stock dividend declarations, additions to advisory sector groups, and strategic updates for the global platform. Coverage also reflects the firm’s operations in North and South America, Europe, the Middle East, Asia and Australia.
Lazard Global Total Return and Income Fund (NYSE:LGI) has announced its monthly distribution of $0.14646 per share on common stock, payable on April 22, 2025, to shareholders of record on April 10, 2025. The ex-dividend date is set for April 10, 2025.
The Fund's portfolio consists of 60 to 80 US and non-US equity securities with market capitalizations exceeding $2 billion. It includes investments in emerging markets currencies, debt obligations, and structured notes. As of February 28, 2025, Lazard Asset Management and affiliated companies managed $232.9 billion in client assets.
The Fund operates under a Managed Distribution Policy and estimates that the current distribution may include a return of capital, as it has distributed more than its net investment income and realized capital gains. The actual tax reporting amounts will be determined based on the Fund's fiscal year investment performance.
Lazard Global Total Return and Income Fund (NYSE:LGI) has announced its monthly distribution of $0.14646 per share on common stock, payable on April 22, 2025, to shareholders of record on April 10, 2025. The distribution is part of the Fund's Managed Distribution Policy.
The Fund invests in a portfolio of 60 to 80 US and non-US equity securities with market capitalizations above $2 billion, including emerging markets currencies and debt obligations. As of February 28, 2025, Lazard Asset Management and affiliated companies managed $232.9 billion in client assets.
The Fund notes that it has distributed more than its net investment income and realized capital gains, indicating that a portion of the distribution may represent a return of capital. Shareholders will receive Form 1099-DIV for tax reporting purposes through their financial intermediary firms.
Lazard (NYSE: LAZ) has disclosed its preliminary assets under management (AUM) for February 28, 2025, reaching $232.9 billion. The month's performance was characterized by:
- Net outflows of $0.8 billion
- Foreign exchange appreciation of $0.5 billion
- Market appreciation of $0.1 billion
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.