|Bid||37.77 x 900|
|Ask||37.78 x 800|
|Day's Range||37.70 - 38.29|
|52 Week Range||33.54 - 56.30|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||9.31|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||1.76 (4.87%)|
|1y Target Est||43.50|
Brett Owens is a leading on income investing; the editor of the industry-leading Contrarian Outlook often finds value and long-term opportunity among stocks and funds that others may miss. Here's he looks at two under-the-radar asset management firms.
The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the “Fund”) (LOR) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.05799 per share on the Fund’s outstanding common stock. Portfolio data as of March 29, 2019, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management’s (“LAM”) website, www.LazardAssetManagement.com. The Fund’s investment objective is total return through a combination of dividends, income and capital appreciation.
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.08879 per share on the Fund’s outstanding common stock. Portfolio data as of March 29, 2019, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management’s (“LAM”) website, www.LazardAssetManagement.com. The Fund’s investment objective is total return, consisting of capital appreciation and current income.
Lazard Ltd (LAZ) announced today that Sanford R. (Sandy) Climan has been appointed as a Senior Advisor in Financial Advisory, effective immediately. Based in Los Angeles, he will serve as an advisor to Lazard’s Global Telecommunications, Media and Technology Group. Mr. Climan has more than 35 years of experience in senior management in the media and entertainment industry, holding key roles in both creative and business management.
Lazard Ltd reported today that its preliminary assets under management as of March 31, 2019 totaled approximately $235.0 billion. The month’s AUM included market appreciation of $2.9 billion; net outflows of $0.9 billion; and foreign exchange depreciation of $1.5 billion.
Lazard Ltd NYSE:LAZView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for LAZ with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting LAZ. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.51 billion over the last one-month into ETFs that hold LAZ are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Lazard Ltd (LAZ) today announced several leadership appointments, effective June 1, 2019. Alexander F. Stern, currently Chief Executive Officer of Financial Advisory and Chief Operating Officer of Lazard, will become President of Lazard. Peter R. Orszag, currently Head of M&A, North America, will become Chief Executive Officer of Financial Advisory.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Since Lazard Ltd (NYSE:LAZ) released its earnings in December 2018...
Corp. can win approval of its $5.5 billion bankruptcy loan is investment bank Lazard Freres & Co. LLC, which has a $16 million fee riding on the deal. The financing fee is part of an investment banking arrangement with the utility that could be worth $60 million or more to Lazard, according to court filings. PG&E unveiled its proposed contract with Lazard in a court filing Thursday.
Increase in assets under management will support Lazard's (LAZ) financials while foreign exchange fluctuations and volatile markets pose concerns.
Lazard Ltd. (LAZ), is a financial advisory and asset management firm that operates in 27 countries globally; its services include mergers and acquisitions, restructuring, capital raising and structuring, shareholder advisory and various other financial matters, explains Scott Chan, editor of The Complete Investor.
The Tender Offer expired at 5:00 p.m. (New York City time) on March 11, 2019 (the “Expiration Time”). The terms and conditions of the Tender Offer were described by Lazard Group in an Offer to Purchase and related Letter of Transmittal and Notice of Guaranteed Delivery dated March 5, 2019.
Lazard Ltd reported today that its preliminary assets under management as of February 28, 2019 totaled approximately $234.4 billion. The month’s AUM included market appreciation of $5.5 billion; net inflows of $0.2 billion; and foreign exchange depreciation of $1.2 billion.
Lazard Ltd (LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering of $500 million aggregate principal amount of 4.375% Senior Notes due 2029 (the “Notes”). The Notes were issued by Lazard Group and were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Notes are senior unsecured obligations of Lazard Group.
The Tender Offer is being made upon the terms and conditions in the Offer to Purchase and related Letter of Transmittal dated March 5, 2019. The Tender Offer will expire today at 5:00 p.m. (New York City time), unless extended or terminated as described in the Offer to Purchase (such time and date, as they may be extended, the “Expiration Time”).
Open: GLFOX) received a 2018 Thomson Reuters Lipper Fund Award in recognition of its superior performance in the Global Infrastructure Funds category. The Lazard Global Listed Infrastructure Portfolio was awarded best fund in the Global Infrastructure Funds category for the five-year period for its fourth consecutive year. It ranked #1 out of 49 eligible funds.
Insys Therapeutics Inc said it tapped Lazard to advise the drugmaker on its plans to explore strategic options and is in talks to divest its fentanyl sublingual spray Subsys, sending the company's shares down 15 percent in after-hours trading. The company said in November it would review strategic alternatives for its portfolio of opioid-related assets, including Subsys. "We are in active negotiations with multiple parties regarding the potential divestiture of Subsys," Chief Executive Saeed Motahari said on Thursday, adding the company expects the transaction to require shareholder approval.
Lazard Ltd (LAZ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.