Lazard reports $235.3 billion AUM in May with outflows

NEW YORK - Lazard, Inc. (NYSE: LAZ) has announced its preliminary assets under management (AUM) for May 2025, totaling approximately $235.3 billion. This figure reflects a market appreciation of $7.4 billion, despite net outflows of $3.7 billion, which included a significant $4.3 billion withdrawal from a single sub-advised relationship. Additionally, the company benefited from a foreign exchange appreciation of $0.2 billion. According to InvestingPro data, Lazard maintains a GOOD financial health score, though its stock has seen a -12.78% year-to-date return.

The breakdown of AUM by category as of May 31, 2025, showed equities at $180.51 billion, fixed income at $45.756 billion, and other investments totaling $9.02 billion. These numbers mark a slight increase from April 30, 2025, where total AUM stood at $231.408 billion.

Lazard, founded in 1848, operates as a global financial advisory and asset management firm. It offers services including mergers and acquisitions advice, capital market solutions, restructuring, geopolitical strategies, and asset management to a diverse client base that includes institutions, corporations, governments, partnerships, family offices, and high net worth individuals.

The company’s report comes with a cautionary note regarding forward-looking statements, acknowledging the inherent risks and uncertainties in such predictions. These include economic conditions, changes in international trade policies, fluctuations in M&A activity, third-party problems, unidentified risks, liquidity issues, competitive pressures, and changes in tax laws or regulations.

Lazard’s commitment to delivering timely and accurate information to the investing public is underscored by its use of websites and social media platforms to communicate business-related updates, including AUM changes in various investment products managed by its subsidiaries.

This financial update is based on a press release statement from Lazard, Inc. and does not include any speculative or forward-looking commentary.

In other recent news, Lazard Ltd reported its first-quarter earnings, revealing an adjusted earnings per share (EPS) of $0.56, which exceeded JMP’s expectations of $0.30 and the consensus estimate of $0.31. However, the company’s revenue of $648 million fell short of the anticipated $707.15 million, primarily due to a decline in financial advisory revenues. Asset Management revenues, on the other hand, surpassed projections by $15 million, reaching $265 million. During its annual shareholder meeting, Lazard announced the election of Peter Harrison and Dan Schulman to its board and the approval of executive compensation, indicating shareholder confidence in the company’s leadership. Furthermore, Lazard appointed Eric Van Nostrand as the new Global Head of Markets and Chief Economist, a strategic move to enhance its investment strategies. Analysts from JMP maintained a Market Outperform rating for Lazard, reiterating a $55 price target, highlighting the company’s robust client engagement despite market volatility. Lazard also reported a compensation ratio of 65.5%, slightly above JMP’s estimate, but noted favorable non-compensation expenses. These developments reflect Lazard’s ongoing strategic initiatives and its focus on maintaining strong client relationships amid challenging market conditions.

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