Lazard Ltd (LAZ) 33.03 $LAZ
Lazard Asset Management Launches New Global Multi Asset Fund
BusinessWire - Tue Jun 07, 5:49AM CDT
Lazard Asset Management LLC today announced the expansion of its multi asset offerings with the launch of the Lazard Global Dynamic Multi Asset Portfolio (Institutional: GDMIX; Open: GDMOX).
LAZ: 33.03 (-0.50)
Lazard International Equity Fund Awarded Five-Star Morningstar Rating(TM)
BusinessWire - Mon Jun 06, 5:49AM CDT
Lazard Asset Management LLC today announced that the Lazard International Equity Portfolio (Institutional: LZIEX; Open: LZIOX) has achieved the highest Morningstar Rating(TM)(1) of five-stars for its overall, ten-year, and five-year risk-adjusted performance. The Morningstar Rating(TM) is based on risk-adjusted performance out of 712 funds for the overall period, 364 funds over a ten-year period, and 624 funds over a five-year period in Morningstar's Foreign Large Blend category as of April 30, 2016.
LAZ: 33.03 (-0.50)
Lazard (LAZ) Hit by Economic Headwinds: Time to Sell?
Zacks Equity Research - Zacks Investment Research - Tue May 24, 7:19AM CDT
We have issued an updated research report on Lazard Ltd. (LAZ) on May 23. Shares of this asset manager recorded a year-to-date negative return of 20.4%.
AB: 22.98 (-0.56), LAZ: 33.03 (-0.50), AMG: 159.68 (-6.83), GBL: 35.62 (-0.52)
Lazard Global Total Return and Income Fund Declares Monthly Distribution
BusinessWire - Tue May 17, 11:41AM CDT
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the "Fund"
(NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.07948 per share on the Fund's outstanding common stock. The distribution is payable on June 23, 2016 to shareholders of record on June 12, 2016. The ex-dividend date is June 8, 2016.
LGI: 13.01 (-0.23), LAZ: 33.03 (-0.50)
Lazard World Dividend & Income Fund Declares Monthly Distribution
BusinessWire - Tue May 17, 11:33AM CDT
The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the "Fund" (NYSE:LOR) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.05737 per share on the Fund's outstanding common stock. The distribution is payable on June 23, 2016 to shareholders of record on June 10, 2016. The ex-dividend date is June 8, 2016.
LOR: 9.11 (-0.20), LAZ: 33.03 (-0.50)
Investment Management Earnings on May 10: ARES, NSAM, PSEC
Zacks Equity Research - Zacks Investment Research - Mon May 09, 6:56AM CDT
At the tail end of Q1 earnings, the performance of investment managers (part of the broader Finance sector) over the last couple of years seems to have been reversed with most of the companies lagging estimates on lower revenues.
APO: 16.10 (-0.14), BX: 26.07 (-0.43), FIG: 4.80 (-0.13), LAZ: 33.03 (-0.50), BLK: 346.97 (-10.99), ARES: 13.91 (+0.17), IVZ: 28.42 (-0.65), JNS: 14.50 (-0.47), NSAM: 12.12 (-0.35), BEN: 33.79 (-0.63), PSEC: 7.84 (+0.04)
Legg Mason (LM) Reports Loss in Q4; Dividend Raised
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 8:34AM CDT
Legg Mason Inc. (LM) reported adjusted loss of 15 cents per share in the fourth quarter of fiscal 2016 (ended Mar 31) as against the adjusted income of $1.03 recorded in the year-ago quarter. The Zacks Consensus Estimate for the bottom line was pegged at 13 cents per share.
LAZ: 33.03 (-0.50), TROW: 72.83 (-1.54), JNS: 14.50 (-0.47), LM: 32.15 (-1.11)
Investment Managers to Report Earnings: AMP, IVZ, PFG, BEN
Zacks Equity Research - Zacks Investment Research - Tue Apr 26, 9:03AM CDT
Amid concerns about China's growth and an overall challenging global economy, investors' sentiments were weighed down at the beginning of 2016 which resulted in a huge drop in global risk assets.
BX: 26.07 (-0.43), LAZ: 33.03 (-0.50), BLK: 346.97 (-10.99), PFG: 42.48 (-0.66), IVZ: 28.42 (-0.65), AMP: 99.55 (-1.12), BEN: 33.79 (-0.63)
Lazard (LAZ) Falls on Q1 Earnings, Revenue Miss; Cuts Costs
Zacks Equity Research - Zacks Investment Research - Fri Apr 22, 7:24AM CDT
Lazard Ltd. (LAZ) reported adjusted earnings of 50 cents per share, missing the Zacks Consensus Estimate of 69 cents.
LAZ: 33.03 (-0.50), TROW: 72.83 (-1.54), LM: 32.15 (-1.11), BEN: 33.79 (-0.63)
Lazard Increases Quarterly Dividend
BusinessWire - Wed Apr 20, 3:20PM CDT
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to increase the quarterly dividend on its outstanding Class A common stock by 9% to $0.38 per share. The dividend is payable on May 13, 2016, to stockholders of record on May 3, 2016.
LAZ: 33.03 (-0.50)
New Tax Inversion Rules to Hurt Investment Banking Income
Zacks Equity Research - Zacks Investment Research - Fri Apr 08, 9:10AM CDT
With investment banking already facing challenges, the new tax inversion rules are likely to hurt their top line even further.
AGN: 240.93 (-6.47), TYC: 43.49 (-0.20), GS: 149.89 (-3.28), IHS: 117.29 (-1.16), GHL: 19.50 (-0.24), JPM: 63.84 (-0.91), LAZ: 33.03 (-0.50), EVR: 49.94 (-1.10), PFE: 35.29 (-0.02), MRKT: 33.10 (-0.24), MC: 25.58 (-0.50), MS: 25.54 (-0.54), JCI: 44.46 (-0.43)
Lazard to Announce First-Quarter 2016 Results
BusinessWire - Wed Apr 06, 5:49AM CDT
Lazard Ltd (NYSE:LAZ) will announce its first-quarter 2016 results in a press release to be issued Thursday morning, April 21, 2016.
LAZ: 33.03 (-0.50)
Lazard Global Listed Infrastructure Fund Wins Two Lipper Awards
BusinessWire - Wed Mar 23, 9:54AM CDT
Lazard Asset Management LLC is pleased to announce that the Lazard Global Listed Infrastructure Portfolio (Institutional: GLIFX; Open: GLFOX) received two 2016 Lipper Fund Awards in recognition of consistently strong risk-adjusted performance relative to peers.
LAZ: 33.03 (-0.50)
Is Shell (RDS.A) Taking Lazard's Advice on $30B Asset Sale?
Zacks Equity Research - Zacks Investment Research - Mon Mar 14, 2:45PM CDT
As per Reuters, Royal Dutch Shell plc (RDS.A) has selected asset management firm Lazard Ltd. (LAZ) for advisory services on its $30 billion asset divestment program.
RDS.A: 51.31 (-1.01), LAZ: 33.03 (-0.50), BAC: 13.83 (-0.36), CVX: 101.98 (-0.83), MS: 25.54 (-0.54)
Lazard to Nominate Richard Haass and Jane Mendillo to Board of Directors
BusinessWire - Wed Mar 09, 5:49AM CST
Lazard Ltd (NYSE:LAZ) announced today that it will nominate Richard Haass and Jane Mendillo to join its Board of Directors. Current directors Laurent Mignon and Hal Scott have chosen not to seek re-election at Lazard's 2016 Annual Meeting of Shareholders, as both have professional and personal priorities that require their attention.
LAZ: 33.03 (-0.50)
Arrow Capital Management Inc. Announces Unitholder Approval of Fund Restructuring
CNW Group - Wed Mar 02, 12:18PM CST
Arrow Capital Management Inc. ("Arrow", the manager of Raven Rock Strategic Income Fund (TSX: RRF.UN) (the "Fund" announced that at a special meeting of unitholders held today, the unitholders approved the previously announced proposal to restructure the Fund as contemplated in the management information circular of the Fund dated January 29, 2016. The proposal also included the conversion of the RRF Trust to an open-end mutual fund. RRF Trust is a trust that holds the portfolio of investments to which the Fund has indirect economic exposure through a forward agreement.
LAZ: 33.03 (-0.50), RRF-UN.TO: 5.85 (-0.01)
Lazard Asset Management Launches New Global Multi Asset Fund
BusinessWire - Tue Jun 07, 5:49AM CDT
Lazard Asset Management LLC today announced the expansion of its multi asset offerings with the launch of the Lazard Global Dynamic Multi Asset Portfolio (Institutional: GDMIX; Open: GDMOX).
LAZ: 33.03 (-0.50)
Lazard International Equity Fund Awarded Five-Star Morningstar Rating(TM)
BusinessWire - Mon Jun 06, 5:49AM CDT
Lazard Asset Management LLC today announced that the Lazard International Equity Portfolio (Institutional: LZIEX; Open: LZIOX) has achieved the highest Morningstar Rating(TM)(1) of five-stars for its overall, ten-year, and five-year risk-adjusted performance. The Morningstar Rating(TM) is based on risk-adjusted performance out of 712 funds for the overall period, 364 funds over a ten-year period, and 624 funds over a five-year period in Morningstar's Foreign Large Blend category as of April 30, 2016.
LAZ: 33.03 (-0.50)
Lazard (LAZ) Hit by Economic Headwinds: Time to Sell?
Zacks Equity Research - Zacks Investment Research - Tue May 24, 7:19AM CDT
We have issued an updated research report on Lazard Ltd. (LAZ) on May 23. Shares of this asset manager recorded a year-to-date negative return of 20.4%.
AB: 22.98 (-0.56), LAZ: 33.03 (-0.50), AMG: 159.68 (-6.83), GBL: 35.62 (-0.52)
Lazard Global Total Return and Income Fund Declares Monthly Distribution
BusinessWire - Tue May 17, 11:41AM CDT
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the "Fund"
(NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.07948 per share on the Fund's outstanding common stock. The distribution is payable on June 23, 2016 to shareholders of record on June 12, 2016. The ex-dividend date is June 8, 2016. LGI: 13.01 (-0.23), LAZ: 33.03 (-0.50)
Lazard World Dividend & Income Fund Declares Monthly Distribution
BusinessWire - Tue May 17, 11:33AM CDT
The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the "Fund"
(NYSE:LOR) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.05737 per share on the Fund's outstanding common stock. The distribution is payable on June 23, 2016 to shareholders of record on June 10, 2016. The ex-dividend date is June 8, 2016. LOR: 9.11 (-0.20), LAZ: 33.03 (-0.50)
Investment Management Earnings on May 10: ARES, NSAM, PSEC
Zacks Equity Research - Zacks Investment Research - Mon May 09, 6:56AM CDT
At the tail end of Q1 earnings, the performance of investment managers (part of the broader Finance sector) over the last couple of years seems to have been reversed with most of the companies lagging estimates on lower revenues.
APO: 16.10 (-0.14), BX: 26.07 (-0.43), FIG: 4.80 (-0.13), LAZ: 33.03 (-0.50), BLK: 346.97 (-10.99), ARES: 13.91 (+0.17), IVZ: 28.42 (-0.65), JNS: 14.50 (-0.47), NSAM: 12.12 (-0.35), BEN: 33.79 (-0.63), PSEC: 7.84 (+0.04)
Legg Mason (LM) Reports Loss in Q4; Dividend Raised
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 8:34AM CDT
Legg Mason Inc. (LM) reported adjusted loss of 15 cents per share in the fourth quarter of fiscal 2016 (ended Mar 31) as against the adjusted income of $1.03 recorded in the year-ago quarter. The Zacks Consensus Estimate for the bottom line was pegged at 13 cents per share.
LAZ: 33.03 (-0.50), TROW: 72.83 (-1.54), JNS: 14.50 (-0.47), LM: 32.15 (-1.11)
Investment Managers to Report Earnings: AMP, IVZ, PFG, BEN
Zacks Equity Research - Zacks Investment Research - Tue Apr 26, 9:03AM CDT
Amid concerns about China's growth and an overall challenging global economy, investors' sentiments were weighed down at the beginning of 2016 which resulted in a huge drop in global risk assets.
BX: 26.07 (-0.43), LAZ: 33.03 (-0.50), BLK: 346.97 (-10.99), PFG: 42.48 (-0.66), IVZ: 28.42 (-0.65), AMP: 99.55 (-1.12), BEN: 33.79 (-0.63)
Lazard (LAZ) Falls on Q1 Earnings, Revenue Miss; Cuts Costs
Zacks Equity Research - Zacks Investment Research - Fri Apr 22, 7:24AM CDT
Lazard Ltd. (LAZ) reported adjusted earnings of 50 cents per share, missing the Zacks Consensus Estimate of 69 cents.
LAZ: 33.03 (-0.50), TROW: 72.83 (-1.54), LM: 32.15 (-1.11), BEN: 33.79 (-0.63)
Lazard Increases Quarterly Dividend
BusinessWire - Wed Apr 20, 3:20PM CDT
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to increase the quarterly dividend on its outstanding Class A common stock by 9% to $0.38 per share. The dividend is payable on May 13, 2016, to stockholders of record on May 3, 2016.
LAZ: 33.03 (-0.50)
New Tax Inversion Rules to Hurt Investment Banking Income
Zacks Equity Research - Zacks Investment Research - Fri Apr 08, 9:10AM CDT
With investment banking already facing challenges, the new tax inversion rules are likely to hurt their top line even further.
AGN: 240.93 (-6.47), TYC: 43.49 (-0.20), GS: 149.89 (-3.28), IHS: 117.29 (-1.16), GHL: 19.50 (-0.24), JPM: 63.84 (-0.91), LAZ: 33.03 (-0.50), EVR: 49.94 (-1.10), PFE: 35.29 (-0.02), MRKT: 33.10 (-0.24), MC: 25.58 (-0.50), MS: 25.54 (-0.54), JCI: 44.46 (-0.43)
Lazard to Announce First-Quarter 2016 Results
BusinessWire - Wed Apr 06, 5:49AM CDT
Lazard Ltd (NYSE:LAZ) will announce its first-quarter 2016 results in a press release to be issued Thursday morning, April 21, 2016.
LAZ: 33.03 (-0.50)
Lazard Global Listed Infrastructure Fund Wins Two Lipper Awards
BusinessWire - Wed Mar 23, 9:54AM CDT
Lazard Asset Management LLC is pleased to announce that the Lazard Global Listed Infrastructure Portfolio (Institutional: GLIFX; Open: GLFOX) received two 2016 Lipper Fund Awards in recognition of consistently strong risk-adjusted performance relative to peers.
LAZ: 33.03 (-0.50)
Is Shell (RDS.A) Taking Lazard's Advice on $30B Asset Sale?
Zacks Equity Research - Zacks Investment Research - Mon Mar 14, 2:45PM CDT
As per Reuters, Royal Dutch Shell plc (RDS.A) has selected asset management firm Lazard Ltd. (LAZ) for advisory services on its $30 billion asset divestment program.
RDS.A: 51.31 (-1.01), LAZ: 33.03 (-0.50), BAC: 13.83 (-0.36), CVX: 101.98 (-0.83), MS: 25.54 (-0.54)
Lazard to Nominate Richard Haass and Jane Mendillo to Board of Directors
BusinessWire - Wed Mar 09, 5:49AM CST
Lazard Ltd (NYSE:LAZ) announced today that it will nominate Richard Haass and Jane Mendillo to join its Board of Directors. Current directors Laurent Mignon and Hal Scott have chosen not to seek re-election at Lazard's 2016 Annual Meeting of Shareholders, as both have professional and personal priorities that require their attention.
LAZ: 33.03 (-0.50)
Arrow Capital Management Inc. Announces Unitholder Approval of Fund Restructuring
CNW Group - Wed Mar 02, 12:18PM CST
Arrow Capital Management Inc. ("Arrow"
, the manager of Raven Rock Strategic Income Fund (TSX: RRF.UN) (the "Fund" announced that at a special meeting of unitholders held today, the unitholders approved the previously announced proposal to restructure the Fund as contemplated in the management information circular of the Fund dated January 29, 2016. The proposal also included the conversion of the RRF Trust to an open-end mutual fund. RRF Trust is a trust that holds the portfolio of investments to which the Fund has indirect economic exposure through a forward agreement. LAZ: 33.03 (-0.50), RRF-UN.TO: 5.85 (-0.01)
