Lazard Ltd. (LAZ - Free Report) recorded a 5.5% fall in preliminary assets under management (AUM) as of Jan 31, 2022, from the previous month’s reading. The total AUM balance aggregated $258.7 billion, marking a decrease from the prior month’s $273.74 billion.
The January AUM entailed a market depreciation of $9.5 billion, a negative foreign-exchange impact of $1.5 billion and net outflows of $4.1 billion.
Lazard’s equity AUM for January decreased 6.5% from the prior month’s level to $206.59 billion. Moreover, a 1% decline in fixed income assets to $45.81 billion was recorded. Other assets also witnessed a 2.5% sequential dip to $6.29 billion.
Nonetheless, Lazard can capitalize on its forte of organic growth, highlighted by a robust revenue growth trend, which is getting support from a solid AUM balance. Also, LAZ’s prowess in the Financial Advisory and Asset Management segments plus cost-containment measures will help it withstand any headwind that might occur due to economic uncertainties.
The stock’s decline of 7.5% in the past year has been wider than the 5.2% decline witnessed by the industry.
Currently, Lazard carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
T. Rowe Price Group, Inc. (TROW - Free Report) reported a preliminary AUM of $1.58 trillion as of Jan 31, 2022, reflecting a 6.5% decrease from the prior month’s $1.69 trillion.
TROW’s client transfers from mutual funds to other portfolios, including trusts and separate accounts, aggregated $2.2 billion in January 2022.
Franklin Resources, Inc. (BEN - Free Report) announced a preliminary AUM for January 2022. BEN's month-end AUM of $1,521.8 billion represented a decline of 3.6% from the previous month’s tally.
Franklin's AUM was affected by the negative impacts of markets, while long-term net flows were flat.
Invesco (IVZ - Free Report) announced a preliminary AUM for January 2022. IVZ's month-end AUM of $1,550.9 billion represented a decline of 3.7% from the previous month’s actuals.
Invesco's AUM was affected by unfavorable market returns, witnessing a decrease by $61 billion. Invesco's AUM declined $2.1 billion as a result of foreign exchange rate movements.
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Lazard Ltd. (LAZ - Free Report) recorded a 5.5% fall in preliminary assets under management (AUM) as of Jan 31, 2022, from the previous month’s reading. The total AUM balance aggregated $258.7 billion, marking a decrease from the prior month’s $273.74 billion.
The January AUM entailed a market depreciation of $9.5 billion, a negative foreign-exchange impact of $1.5 billion and net outflows of $4.1 billion.
Lazard’s equity AUM for January decreased 6.5% from the prior month’s level to $206.59 billion. Moreover, a 1% decline in fixed income assets to $45.81 billion was recorded. Other assets also witnessed a 2.5% sequential dip to $6.29 billion.
Nonetheless, Lazard can capitalize on its forte of organic growth, highlighted by a robust revenue growth trend, which is getting support from a solid AUM balance. Also, LAZ’s prowess in the Financial Advisory and Asset Management segments plus cost-containment measures will help it withstand any headwind that might occur due to economic uncertainties.
The stock’s decline of 7.5% in the past year has been wider than the 5.2% decline witnessed by the industry.
Currently, Lazard carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
T. Rowe Price Group, Inc. (TROW - Free Report) reported a preliminary AUM of $1.58 trillion as of Jan 31, 2022, reflecting a 6.5% decrease from the prior month’s $1.69 trillion.
TROW’s client transfers from mutual funds to other portfolios, including trusts and separate accounts, aggregated $2.2 billion in January 2022.
Franklin Resources, Inc. (BEN - Free Report) announced a preliminary AUM for January 2022. BEN's month-end AUM of $1,521.8 billion represented a decline of 3.6% from the previous month’s tally.
Franklin's AUM was affected by the negative impacts of markets, while long-term net flows were flat.
Invesco (IVZ - Free Report) announced a preliminary AUM for January 2022. IVZ's month-end AUM of $1,550.9 billion represented a decline of 3.7% from the previous month’s actuals.
Invesco's AUM was affected by unfavorable market returns, witnessing a decrease by $61 billion. Invesco's AUM declined $2.1 billion as a result of foreign exchange rate movements.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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