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 (NYSE:LAZ) has announced a cash tender offer for all outstanding 3.625% Senior Notes due March 1, 2027 through its subsidiary Lazard Group LLC. The tender offer will expire on August 1, 2025, at 5:00 p.m. (New York City time).
The tender offer targets $300 million in outstanding notes. The Total Consideration will be determined based on a fixed spread of +30 basis points over the yield of the 1.250% UST Reference Security. The settlement is expected to occur the next business day following expiration, with a guaranteed delivery settlement date two days later.
The offer is contingent upon Lazard Group receiving sufficient net proceeds from future senior unsecured notes offerings to fund the purchase and related expenses.
Lazard (NYSE:LAZ) reported strong Q2 2025 financial results, with net revenue of $796 million and adjusted net revenue of $770 million. The company's Financial Advisory segment achieved record revenue, up 20% year-over-year, while Asset Management reported positive net flows with AUM reaching $248 billion.
Key highlights include Q2 2025 net income of $55 million, or $0.52 per share (diluted), and first-half 2025 net income of $116 million, or $1.08 per share. The company hired 14 Managing Directors year-to-date and returned $235 million to shareholders in H1 2025 through dividends and share repurchases.
Lazard (NYSE:LAZ) has announced a quarterly dividend declaration of $0.50 per share on its outstanding common stock. The dividend will be paid on August 15, 2025, to shareholders of record as of August 4, 2025.
Lazard Global Total Return and Income Fund (NYSE:LGI) has declared its monthly distribution of $0.14646 per share, payable on August 22, 2025. The distribution breakdown includes: 28% from net income ($0.04055), 31% from capital gains ($0.04545), and 41% from return of capital ($0.06046).
The Fund reported notable performance metrics, including a 10.76% average annual total return over the 5-year period ending June 30, 2025, and a 9.84% annualized distribution rate. The Fund's portfolio consists of 60-80 US and non-US equity securities, with investments in emerging markets currencies and debt obligations. As of June 30, 2025, Lazard Asset Management managed $248.4 billion in client assets.
Lazard (NYSE:LAZ) reported preliminary assets under management (AUM) of $248.4 billion for June 30, 2025. The month saw positive momentum with market appreciation of $5.4 billion, net inflows of $4.6 billion, and FX appreciation of $3.1 billion.
The company's portfolio composition includes $192.3 billion in Equity, $47.1 billion in Fixed Income, and $9.1 billion in Other assets. The preliminary average AUM for Q2 2025 stood at $238.6 billion.
Lazard (NYSE:LAZ) has scheduled the announcement of its second quarter and first half 2025 financial results for Thursday, July 24, 2025. The company will release its financial results via press release in the morning and host a conference call at 8:00 a.m. ET the same day.
The conference call will be accessible through a live audio webcast on Lazard's website investor relations section, or by phone using the conference ID: LAZQ225. A replay will be available from 10:00 a.m. ET through the company's website and dedicated phone numbers.
Lazard (NYSE: LAZ) has announced key leadership appointments to strengthen its Financial Sponsors Group. Klaus H. Hessberger joins as Managing Director, Global Co-Head, and Head of Europe for the Financial Sponsors Group, based in London. Additionally, Adam Cady has been named Global Co-Head of the Global Financial Sponsors Group.
Hessberger brings over 25 years of experience from J.P. Morgan, where he most recently served as Vice Chair of the Global Financial Sponsors and Strategic Investors Coverage Group. Cady, who joined Lazard's New York office in February 2024, has nearly three decades of experience in investment banking and previously held senior positions at Bank of America.
These appointments align with Lazard's strategy to expand its connectivity with alternative asset managers, which the company identifies as a principal focus area and major source of future growth globally.
Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a monthly distribution of $0.14646 per share, payable on July 22, 2025, to shareholders of record on July 10, 2025. The distribution breakdown includes 43% from net income, 3% from short-term capital gains, and 54% from return of capital.
The Fund has posted a 5-year average annual total return of 10.39% and maintains a current distribution rate of 10.09% of NAV. The Fund's portfolio consists of 60-80 US and non-US equity securities, with investments in emerging markets currencies and debt obligations. As of May 31, 2025, Lazard Asset Management managed $235.3 billion in client assets.