Lazard Reports June 2024 Assets Under Management Of $244.7B, Preliminary Average AUM Of $245.3B For The Quarter

7/11/24 6:51:24 AM ET

Investment Managers

Finance

Get the next $LAZ alert in real time by email

Lazard, Inc. (NYSE:LAZ) reported today that its preliminary assets under management ("AUM") as of June 30, 2024 totaled approximately $244.7 billion. The month's AUM included market appreciation of $2.5 billion, net outflows of $1.4 billion and foreign exchange depreciation of $1.4 billion. Preliminary average AUM for the quarter ended June 30, 2024 was $245.3 billion.

Get the next $LAZ alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$LAZ

Date	Price Target	Rating	Analyst
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
4/12/2023	$29.00 → $36.00	Underweight → Equal-Weight	Morgan Stanley

More analyst ratings

Robert Forsyth Joins Lazard Asset Management as Global Head of ETFs
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
9/9/24 8:30:00 AM ET
$LAZ
Investment Managers
Finance
Ali Syed Joins Lazard as Head of Sovereign and Pension Fund Coverage
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
6/18/24 7:00:00 AM ET
$LAZ
Investment Managers
Finance
Ben Braun Joins Lazard as Global Head of Media, Entertainment & Sports Advisory
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
5/20/24 7:00:00 AM ET
$LAZ
Investment Managers
Finance

Lazard Chief Executive Officer Peter R. Orszag to Speak at the 2024 Goldman Sachs U.S. Financial Services Conference
Lazard, Inc. (NYSE:LAZ) announced today that Peter R. Orszag, Chief Executive Officer, is scheduled to participate in a fireside chat at the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 10, 2024, at 9:20 a.m. EST. A live audio webcast will be available via the Lazard Investor Relations website at www.lazard.com. A replay will be available on the same website, shortly after the conference. 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, capit
11/21/24 8:00:00 AM ET
$LAZ
Investment Managers
Finance
Lazard Hires Jennifer Tedesko as Managing Director; Expands Private Capital Advisory Business on West Coast
Lazard, Inc. (NYSE:LAZ) today announced that Jennifer (Jen) Tedesko joined the firm as a Managing Director within the Private Capital Advisory (PCA) business, based in San Francisco. Jen will focus on originating and advising on private equity secondary opportunities. In addition, the firm will add a Director focused on private equity distribution and recently transferred a PCA professional from the firm's London office, who will focus on private equity transaction management. With these additions, Lazard continues its commitment to the West Coast - San Francisco and Los Angeles - as the second largest U.S. hub advising private equity clients in the primary fundraising and secondary marke
11/18/24 4:01:00 PM ET
$LAZ
Investment Managers
Finance
Lazard Reports October 2024 Assets Under Management
Lazard, Inc. (NYSE:LAZ) reported today that its preliminary assets under management ("AUM") as of October 31, 2024 totaled approximately $235.8 billion. The month's AUM included market depreciation of $4.4 billion, foreign exchange depreciation of $4.2 billion and net outflows of $3.3 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT ("AUM") (unaudited) ($ in millions) As of: October 31, September 30, 20241 2024 Equity $182,101 $191,532 Fixed Income 45,514 47,933 Other 8,225 8,192 Total AUM $235,840 $247,657
11/12/24 6:45:00 AM ET
$LAZ
Investment Managers
Finance

$LAZ
Financials

Live finance-specific insights

Lazard Reports Third-Quarter and Nine-Month 2024 Results
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
10/31/24 6:30:00 AM ET
$LAZ
Investment Managers
Finance
Lazard Declares Quarterly Dividend of $0.50 Per Share
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
10/30/24 7:25:00 PM ET
$LAZ
Investment Managers
Finance
Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in September
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 November 22, 2024 to shareholders of record on November 12, 2024. The ex-dividend date is November 12, 2024. The Fund will pay a previously declared distribution today, October 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, n
10/22/24 4:30:00 PM ET
$LAZ
$LGI
Investment Managers
Finance

Lazard Reports June 2024 Assets Under Management Of $244.7B, Preliminary Average AUM Of $245.3B For The Quarter

Chat with this insight

Recent Analyst Ratings for $LAZ

$LAZ Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Wells Fargo initiated coverage on Lazard with a new price target

Keefe Bruyette resumed coverage on Lazard with a new price target

Lazard upgraded by Wolfe Research with a new price target

$LAZ Market Insights

Live Market Insights

Lazard Q2 2024 Adj EPS $0.52 Beats $0.35 Estimate, Sales $684.642M Beat $638.743M Estimate

Morgan Stanley Maintains Overweight on Lazard, Raises Price Target to $56

Lazard Reports June 2024 Assets Under Management Of $244.7B, Preliminary Average AUM Of $245.3B For The Quarter

$LAZ Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by Lazard Inc.

SEC Form SC 13G/A filed by Lazard LTD. Lazard LTD. (Amendment)

SEC Form SC 13G/A filed by Lazard LTD. Lazard LTD. (Amendment)

$LAZ Leadership Updates

Live Leadership Updates

$LAZ Press Releases

Fastest customizable press release news feed in the world

$LAZ Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Robert Forsyth Joins Lazard Asset Management as Global Head of ETFs

Ali Syed Joins Lazard as Head of Sovereign and Pension Fund Coverage

Ben Braun Joins Lazard as Global Head of Media, Entertainment & Sports Advisory

Lazard Chief Executive Officer Peter R. Orszag to Speak at the 2024 Goldman Sachs U.S. Financial Services Conference

Lazard Hires Jennifer Tedesko as Managing Director; Expands Private Capital Advisory Business on West Coast

Lazard Reports October 2024 Assets Under Management

SEC Form 4 filed by Director Alper Andrew M

SEC Form 4 filed by Director Parsons Richard D

SEC Form 4 filed by Director Mendillo Jane L

$LAZ Financials

Live finance-specific insights

Lazard Reports Third-Quarter and Nine-Month 2024 Results

Lazard Declares Quarterly Dividend of $0.50 Per Share

Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in September

$LAZ SEC Filings

SEC Form 10-Q filed by Lazard Inc.

Lazard Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 144 filed by Lazard Inc.

Recent Analyst Ratings for
$LAZ

$LAZ
Analyst Ratings

$LAZ
Market Insights

$LAZ
Large Ownership Changes

$LAZ
Leadership Updates

$LAZ
Press Releases

$LAZ
Insider Trading

$LAZ
Financials

$LAZ
SEC Filings