Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, capital advisory, restructurings, shareholder advisory, sovereign advisory, capital raising, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, media, and telecommunications. The company's Asset Management segment offers a range of investment solutions and investment management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard Ltd was founded in 1848 and is based in Hamilton, Bermuda.
IPO Year: 2005
Exchange: NYSE
Website: lazard.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/3/2025 | Outperform → Peer Perform | Wolfe Research | |
| 12/20/2024 | $65.00 → $57.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 12/9/2024 | $60.00 → $63.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/12/2024 | $51.00 | Equal Weight | Wells Fargo |
| 1/29/2024 | $51.00 | Outperform | Keefe Bruyette |
| 1/3/2024 | $42.00 | Peer Perform → Outperform | Wolfe Research |
| 9/19/2023 | $37.00 → $32.00 | Neutral → Sell | Goldman |
| 7/13/2023 | $31.00 → $36.00 | Underperform → Mkt Perform | Keefe Bruyette |
| 7/12/2023 | $36.00 → $43.00 | Equal-Weight → Overweight | Morgan Stanley |
| 7/3/2023 | Underperform → Peer Perform | Wolfe Research |
4 - Lazard, Inc. (0001311370) (Issuer)
4 - Lazard, Inc. (0001311370) (Issuer)
4 - Lazard, Inc. (0001311370) (Issuer)
4 - Lazard, Inc. (0001311370) (Issuer)
5 - Lazard, Inc. (0001311370) (Issuer)
4 - Lazard, Inc. (0001311370) (Issuer)
4 - Lazard, Inc. (0001311370) (Issuer)
4 - Lazard, Inc. (0001311370) (Issuer)
4 - Lazard, Inc. (0001311370) (Issuer)
4 - Lazard, Inc. (0001311370) (Issuer)
Wolfe Research downgraded Lazard from Outperform to Peer Perform
Keefe Bruyette downgraded Lazard from Outperform to Mkt Perform and set a new price target of $57.00 from $65.00 previously
Morgan Stanley downgraded Lazard from Overweight to Equal-Weight and set a new price target of $63.00 from $60.00 previously
Wells Fargo initiated coverage of Lazard with a rating of Equal Weight and set a new price target of $51.00
Keefe Bruyette resumed coverage of Lazard with a rating of Outperform and set a new price target of $51.00
Wolfe Research upgraded Lazard from Peer Perform to Outperform and set a new price target of $42.00
Goldman downgraded Lazard from Neutral to Sell and set a new price target of $32.00 from $37.00 previously
Keefe Bruyette upgraded Lazard from Underperform to Mkt Perform and set a new price target of $36.00 from $31.00 previously
Morgan Stanley upgraded Lazard from Equal-Weight to Overweight and set a new price target of $43.00 from $36.00 previously
Wolfe Research upgraded Lazard from Underperform to Peer Perform
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Lazard, Inc. (NYSE:LAZ) today announced that Chris Miller joined the firm as a Managing Director within the Power, Energy & Infrastructure Advisory business, based in Houston. Within his role, Chris will advise clients in the Energy industry, focused on Oil & Gas. This appointment demonstrates Lazard's successful global recruiting efforts as the firm continues to execute its long-term growth strategy. "Chris brings a wealth of expertise and a proven track record of success in the energy sector. His strategic insights and deep relationships will be invaluable to our Power, Energy & Infrastructure franchise as we continue to deliver exceptional advisory services to our clients in the ever-ev
GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) announced today that it has informed Beacon Roofing Supply, Inc. (NASDAQ:BECN) that it will propose 10 independent director nominees at Beacon's 2025 Annual Meeting of Shareholders to replace Beacon's Board of Directors. The slate of independent nominees includes current and former senior executives and directors of leading global companies who were selected for their deep expertise with large-scale corporate transformations, extensive knowledge of the building products and distribution sectors, and track records of unlocking shareholder value. "We are proposing a slate of high-caliber, independent director nominees
Lazard, Inc. (NYSE:LAZ) reported today that its preliminary assets under management ("AUM") as of January 31, 2025 totaled approximately $233.0 billion. The month's AUM included market appreciation of $6.1 billion, foreign exchange appreciation of $0.4 billion and net inflows of $0.3 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT ("AUM") (unaudited) ($ in millions) As of: January 31, 20251 December 31, 2024 Equity $181,506 $174,938 Fixed Income 43,395 43,286 Other 8,117 8,106 Total AUM $233,018 $226,330 (1) Prelimina
Firm-wide adjusted net revenue increased 18% in 2024 Financial Advisory adjusted net revenue increased 28% in 2024 Asset Management adjusted net revenue increased 3% in 2024 Lazard, Inc. (NYSE:LAZ) today reported net revenue of $817 million and adjusted net revenue1 of $812 million for the quarter ended December 31, 2024. For the full year of 2024, Lazard reported net revenue of $3,052 million and adjusted net revenue1 of $2,890 million. On a U.S. GAAP basis, Lazard reported fourth-quarter 2024 net income of $86 million or $0.80 per share, diluted. For the full year of 2024, net income was $280 million or $2.68 per share, diluted. For the fourth quarter of 2024, adjusted net inc
Lazard, Inc. (NYSE:LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on February 21, 2025, to stockholders of record on February 10, 2025. About Lazard Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to ins
Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14646 per share on the Fund's outstanding common stock. The distribution is payable on February 21, 2025 to shareholders of record on February 10, 2025. The ex-dividend date is February 10, 2025. The Fund will pay a previously declared distribution today, January 22, 2025. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid, including today's distribution, from the following sources: net investment income,
Lazard, Inc. (NYSE:LAZ) reported today that its preliminary assets under management ("AUM") as of December 31, 2024 totaled approximately $226.3 billion. The month's AUM included net outflows of $4.5 billion, foreign exchange depreciation of $2.5 billion and market depreciation of $1.1 billion. Outflows included $3.3 billion from two concentrated sub-advisory relationships. Preliminary average AUM for the quarter ended December 31, 2024 was $233.8 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT ("AUM") (unaudited) ($ in millions) As of: December 31, 20241 November 30, 2024 Equity $174,938 $181,764 Fixed
Lazard, Inc. (NYSE:LAZ) will announce its fourth-quarter and full-year 2024 financial results in a press release to be issued Thursday morning, January 30, 2025. The press release will be available in the News & Announcements section of Lazard's website at www.lazard.com. Lazard will host a conference call at 8:00 a.m. ET on January 30, 2025, to discuss the company's financial results for the fourth-quarter and full-year 2024. The conference call can be accessed via a live audio webcast available through the Investor Relations section of Lazard's website at www.lazard.com, or by dialing 1 800-445-7795 (toll-free within the U.S. and Canada) or +1 785-424-1699 (outside of the U.S. and Canad
Firm adds additional bankers to Media, Entertainment & Sports group Lazard, Inc. (NYSE:LAZ) today announced that Stephen Finkel joined the firm as a Managing Director and Global Head of Sports Advisory, based in New York. In addition, the firm also welcomed Manoel Carvalho as a Managing Director and Bryan Tannenbaum as a Vice President, to the Media, Entertainment & Sports advisory group. These appointments demonstrate Lazard's successful global recruiting efforts as the firm continues to execute its long-term growth strategy. The firm previously announced that Ben Braun joined as Global Head of Media, Entertainment & Sports. "Sports continues to develop as a unique global asset class
Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, as previously authorized by its Board of Directors pursuant to a Managed Distribution Policy, a monthly distribution of $0.14646, equivalent to 10% (annualized) of the Fund's net asset value per share as of the close of markets on December 31, 2024 on the Fund's outstanding common stock. The distribution is payable on January 22, 2025 to shareholders of record on January 10, 2025. The ex-dividend date is January 10, 2025. The Fund's investment objective is total return, consisting of capital appreciation and current income. The Fund's net assets are invested in a portfolio of approximately 60 to
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Kenneth M. Jacobs Becomes Senior Chairman of the Firm Richard D. Parsons Honored for Board Service Lazard, Inc. (NYSE:LAZ) today announced that Dan Schulman, Board Member, has been appointed Lead Independent Director to succeed Richard D. Parsons, who remains on the Board, and that Peter R. Orszag, Lazard CEO and Board Member, has been appointed Chairman of the Board, effective January 1, 2025. Kenneth M. Jacobs, Executive Chairman and Board Member, will become Senior Chairman of the Firm and Senior Advisor to the Board, and relinquish his board seat effective December 31, 2024. In his role as Senior Chairman, Mr. Jacobs will continue to advise many of the firm's most important client
Lazard Asset Management is pleased to announce that Robert Forsyth has joined the firm as Managing Director and Global Head of ETFs. Based in New York, Mr. Forsyth will drive the development and expansion of Lazard's active ETF platform. "Lazard has been a leading provider of active strategies for decades, helping clients diversify their portfolios by accessing insight-driven products that seek to generate alpha," said Evan Russo, CEO of Lazard Asset Management. "We are continuously evolving our platform so that more clients can access our leading investment strategies. Building and expanding an active ETF platform is a key next step in our plans and Rob will play an important role in acce
Lazard, Inc. (NYSE:LAZ) announced today that Ali Syed has joined the firm as Managing Director and Head of Sovereign and Pension Fund Coverage. Based in New York, Mr. Syed will lead the firm's efforts to advise global sovereign and pension funds. He will collaborate closely with Wassim Al Khatib, CEO of Financial Advisory for the MENA region, and Sarah Al Suhaimi, Chair of Financial Advisory in MENA. "Over the last 12 months, we have substantially expanded Lazard's solutions and capabilities with regard to private capital," said Peter R. Orszag, Lazard Chief Executive Officer. "With Ali's deep experience and expansive network, we continue to strengthen our connectivity to private equity
Lazard, Inc. (NYSE:LAZ) announced today that Ben Braun joined the firm as Managing Director and Global Head of Media, Entertainment & Sports Advisory. Based in New York, Mr. Braun will lead the firm's newly created Media, Entertainment & Sports advisory team. This specialized practice area will operate within Lazard's Financial Advisory business, offering a comprehensive range of services tailored to the unique needs of clients in these rapidly evolving industries. "The media, entertainment, and sports sectors continue to experience significant deal-making activity, fueled by an evolving strategic landscape and increased interest from deep pools of private capital," said Peter R. Orszag
Lazard, Inc. (NYSE:LAZ) today announced former PayPal CEO, Dan Schulman, and former US Chairman and Managing Partner of the Americas for Ernst & Young, Stephen R. Howe Jr., have been appointed to its Board of Directors, effective February 1, 2024. "We are thrilled that Dan and Steve are joining our Board of Directors," said Peter R. Orszag, Chief Executive Officer and Director, Lazard. "They are world-class leaders and emblematic of the extraordinary professionals we attract at Lazard. Dan's experience successfully leading and transforming public companies, and Steve's deep financial expertise and network working with the world's largest businesses, will be extremely beneficial as we purs
- U.K. government veteran Sir Stephen Lovegrove to work with the Lazard Geopolitical and U.K. Financial Advisory businesses and be based in London Lazard Ltd (NYSE:LAZ) announced today that Sir Stephen Lovegrove has joined the firm as a Senior Advisor serving clients in the U.K. Financial Advisory and Geopolitical Advisory businesses. He will be based in London. "We are pleased to welcome Sir Stephen to Lazard. He brings a deeply informed perspective on business and geopolitical topics developed over decades of experience, and his insight into the energy transition will be of particular interest to our European clients," said Peter Orszag, Chief Executive Officer of Financial Advisory a
Leadership changes to take effect on October 1, 2023 Lazard Ltd (NYSE:LAZ) today announced that Peter R. Orszag, currently CEO of Financial Advisory at Lazard, has been unanimously elected by its Board to serve as CEO of Lazard and as a Board Director. Kenneth M. Jacobs, Chairman and CEO of Lazard, will serve as Executive Chairman of the Board and will continue to advise clients on strategic financial matters. These changes will take effect October 1, 2023. "Peter is the optimal choice as the next CEO of Lazard," said Richard D. Parsons, Lead Independent Director of Lazard. "Over his career spanning both banking and government, Peter has proven to be a strategic, visionary and decisive
Lazard Asset Management (LAM) today announced that Larry Cohen has been appointed as Managing Director and Global Head of Technology & Operations, effective immediately. "Larry brings a wealth of experience in the asset management industry as well as in technology and operational infrastructure," said Evan Russo, Chief Executive Officer of Lazard Asset Management. "He will work with our teams globally to improve and refine our global technology, systems and operational infrastructure, which will help support the next stage of growth and expansion within the asset management business." Mr. Cohen joined the firm last August as a Strategic Advisor. He has deep experience across operations, t
Lazard Ltd (NYSE:LAZ) today announced the appointment of Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm's Financial Advisory business in the Middle East and North Africa (MENA), and CEO of Lazard Saudi Arabia, subject to regulatory approval. Wassim Al-Khatib will be based in the Riyadh office, which will serve as Lazard's regional MENA Investment Banking hub. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230122005027/en/Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking (Photo: Business Wire) "We are pleased to have Wassim join us as CEO of our MENA Investment
-- Riyadh office to serve as MENA regional hub -- Lazard Ltd (NYSE:LAZ) announced today that the firm has hired Sarah Al-Suhaimi as Chair of Lazard's Financial Advisory business in the Middle East and North Africa (MENA), and that she will be appointed Chair of Lazard Saudi Arabia subject to regulatory approval. Her appointment demonstrates Lazard's growing commitment to serving investment banking clients in the region through its Riyadh office, where the firm has been licensed to provide financial advisory services since 2010. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220918005043/en/Sarah Al-Suhaimi to Chair Lazard's Midd
Firm-wide adjusted net revenue increased 18% in 2024 Financial Advisory adjusted net revenue increased 28% in 2024 Asset Management adjusted net revenue increased 3% in 2024 Lazard, Inc. (NYSE:LAZ) today reported net revenue of $817 million and adjusted net revenue1 of $812 million for the quarter ended December 31, 2024. For the full year of 2024, Lazard reported net revenue of $3,052 million and adjusted net revenue1 of $2,890 million. On a U.S. GAAP basis, Lazard reported fourth-quarter 2024 net income of $86 million or $0.80 per share, diluted. For the full year of 2024, net income was $280 million or $2.68 per share, diluted. For the fourth quarter of 2024, adjusted net inc
Lazard, Inc. (NYSE:LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on February 21, 2025, to stockholders of record on February 10, 2025. About Lazard Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to ins
Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14646 per share on the Fund's outstanding common stock. The distribution is payable on February 21, 2025 to shareholders of record on February 10, 2025. The ex-dividend date is February 10, 2025. The Fund will pay a previously declared distribution today, January 22, 2025. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid, including today's distribution, from the following sources: net investment income,
Lazard, Inc. (NYSE:LAZ) will announce its fourth-quarter and full-year 2024 financial results in a press release to be issued Thursday morning, January 30, 2025. The press release will be available in the News & Announcements section of Lazard's website at www.lazard.com. Lazard will host a conference call at 8:00 a.m. ET on January 30, 2025, to discuss the company's financial results for the fourth-quarter and full-year 2024. The conference call can be accessed via a live audio webcast available through the Investor Relations section of Lazard's website at www.lazard.com, or by dialing 1 800-445-7795 (toll-free within the U.S. and Canada) or +1 785-424-1699 (outside of the U.S. and Canad
Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, as previously authorized by its Board of Directors pursuant to a Managed Distribution Policy, a monthly distribution of $0.14646, equivalent to 10% (annualized) of the Fund's net asset value per share as of the close of markets on December 31, 2024 on the Fund's outstanding common stock. The distribution is payable on January 22, 2025 to shareholders of record on January 10, 2025. The ex-dividend date is January 10, 2025. The Fund's investment objective is total return, consisting of capital appreciation and current income. The Fund's net assets are invested in a portfolio of approximately 60 to
Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14941 per share on the Fund's outstanding common stock. The distribution is payable on January 22, 2025 to shareholders of record on January 10, 2025. The ex-dividend date is January 10, 2025. The Fund will pay a previously declared distribution today, December 23, 2024. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid, including today's distribution, from the following sources: net investment income, ne
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14941 per share on the Fund's outstanding common stock. The distribution is payable on December 23, 2024 to shareholders of record on December 11, 2024. The ex-dividend date is December 11, 2024. The Fund will pay a previously declared distribution today, November 22, 2024. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid, including today's distribution, from the following sources: net investment income,
Firm-wide adjusted net revenue increased 24% year-to-date Financial Advisory adjusted net revenue increased 39% year-to-date Asset Management AUM increased 8% from last year Lazard, Inc. (NYSE:LAZ) today reported net revenue of $785 million and adjusted net revenue1 of $646 million for the quarter ended September 30, 2024. For the first nine months of 2024, Lazard reported net revenue of $2,235 million and adjusted net revenue1 of $2,077 million. On a U.S. GAAP basis, Lazard reported third-quarter 2024 net income of $108 million or $1.02 per share, diluted. For the first nine months of 2024, net income was $194 million or $1.88 per share, diluted. For the third quarter of 2024, adju
Lazard, Inc. (NYSE:LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on November 15, 2024, to stockholders of record on November 8, 2024. About Lazard Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to instit