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 |
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 September 23, 2024 to shareholders of record on September 11, 2024. The ex-dividend date is September 11, 2024. The Fund will pay a previously declared distribution today, August 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
Financial Advisory reports record first-half adjusted net revenue of $855 million Asset Management reports quarter-end AUM of $245 billion Investing in talent firm-wide to support long-term growth strategy Lazard, Inc. (NYSE:LAZ) today reported both net revenue and adjusted net revenue1 of $685 million for the quarter ended June 30, 2024, and net revenue of $1,450 million and adjusted net revenue1 of $1,431 million for the first half of 2024. On a U.S. GAAP basis, second-quarter and first-half 2024 net income were $50 million or $0.49 per share, diluted, and $86 million or $0.84 per share, diluted, respectively. Adjusted net income1 was $53 million or $0.52 per share, diluted, f
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 August 16, 2024, to stockholders of record on August 5, 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 institut
Lazard, Inc. (NYSE:LAZ) reported today that its preliminary assets under management ("AUM") as of August 31, 2024 totaled approximately $244.3 billion. The month's AUM included net outflows of $7.5 billion, market appreciation of $2.8 billion and foreign exchange appreciation of $3.0 billion. Gross outflows included approximately $7 billion from one client that restructured its developed market assets into passive strategies. LAZARD, INC. ASSETS UNDER MANAGEMENT ("AUM") (unaudited) ($ in millions) As of: August 31, July 31, 20241 2024 Equity $188,764 $192,176 Fixed Income 46,633 45,775 Other 8,944 8,15
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 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 September 23, 2024 to shareholders of record on September 11, 2024. The ex-dividend date is September 11, 2024. The Fund will pay a previously declared distribution today, August 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
SC 13G/A - Lazard, Inc. (0001311370) (Subject)
SC 13G/A - Lazard, Inc. (0001311370) (Subject)
SC 13G/A - Lazard Ltd (0001311370) (Subject)
Lazard (NYSE:LAZ) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.35 by 48.57 percent. The company reported quarterly sales of $684.642 million which beat the analyst consensus estimate of $638.743 million by 7.19 percent. This is a 10.42 percent increase over sales of $620.026 million the same period last year.
Morgan Stanley analyst Ryan Kenny maintains Lazard (NYSE:LAZ) with a Overweight and raises the price target from $53 to $56.
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.
4 - Lazard, Inc. (0001311370) (Issuer)
4 - Lazard, Inc. (0001311370) (Issuer)
4 - Lazard, Inc. (0001311370) (Issuer)
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144 - Lazard, Inc. (0001311370) (Subject)
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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
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