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Lazard's (LAZ) January AUM Falls on Market Depreciation

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Lazard Ltd. LAZ recorded a 1.3% fall in preliminary assets under management (AUM) as of Jan 31, 2021, from December 2020. The total AUM balance aggregated $255.2 billion, marking a decline from the prior month’s $258.6 billion.

The January AUM entailed a market depreciation of $1.2 billion, negative foreign-exchange impact of $2 billion as well as net outflows of $1.1 billion.

Lazard’s equity AUM for January slid 1.7% from the prior month to $206.2 billion. Moreover, other assets edged down 1.2% sequentially to $5.1 billion. These declines were partially muted by marginal growth in fixed income to $43.8 billion.

Lazard can capitalize on its forte of organic growth, as highlighted by the bank’s revenue growth trend. Also, its prowess in the Financial Advisory and Asset Management segments, along with cost-containment measures, will help the company withstand any tailwinds that might occur due to economic uncertainties.

Shares of the company have gained 26% in the past six months compared with 25.8% growth witnessed by the industry.


Currently, Lazard sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Performance of Other Asset Managers

Cohen & Steers CNS reported preliminary AUM balance of $81.2 billion as of Jan 31, 2021, up 4.2% from the prior-month level. Net inflows of $2.06 billion were partly offset by a market depreciation of $0.59 billion and distributions of $207 million.

Invesco Ltd. IVZ announced preliminary January-end AUM balance of $1367.1 billion, up 1.3% from the previous-month end. Positive market returns aided this upswing, boosting the AUM by $2 billion.

Franklin Resources BEN recorded preliminary AUM balance of $1494.4 billion for January 2021. This reflected a 0.2% decrease from the $1498 billion recorded as of Dec 31, 2020.

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Franklin Resources, Inc. (BEN) : Free Stock Analysis Report

Lazard Ltd (LAZ) : Free Stock Analysis Report

Invesco Ltd. (IVZ) : Free Stock Analysis Report

Cohen & Steers Inc (CNS) : Free Stock Analysis Report

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