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Lazard Reports 1.8% Sequential Increase in April AUM Balance
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Lazard, Inc. (LAZ - Free Report) reported a preliminary asset under management (AUM) balance of $231.4 billion as of April 30, 2025, reflecting an increase of 1.8% from March 31, 2025, level.
The AUM was impacted favorably by foreign exchange appreciation of $5.1 billion, offset by market depreciation of $0.9 billion and net outflows of $0.2 billion.
LAZ’s April AUM Breakdown
In April, Lazard’s equity assets increased 1.3% from the prior month’s level to $176.3 billion.
Fixed-income assets increased 5.3% sequentially to $46.3 billion. Other assets fell 5.6% from the previous month's level to $8.8 billion.
Our Take on Lazard
The company’s high reliance on financial advisory fees for most of its revenues and continued net outflows are likely to affect the top-line growth in the upcoming period. Nonetheless, cost-management efforts are expected to aid the company’s bottom line in the near term.
Lazard’s Price Performance & Zacks Rank
Over the past year, shares of Lazard have risen 21.4% compared with the industry’s growth of 10%.
Franklin Resources, Inc. (BEN - Free Report) reported its preliminary assets under management of $1.53 trillion as of April 30, 2025, which decreased marginally from the prior month.
The decline in BEN's AUM balance was due to the impact of preliminary long-term net outflows of $10 billion, inclusive of $10 billion of long-term net outflows at Western Asset Management, partially offset by the positive impact of foreign exchange.
T. Rowe Price Group, Inc. (TROW - Free Report) announced its preliminary assets under management of $1.56 trillion for April 2025. The figure reflected a sequential marginal decrease compared to the prior month.
At the end of April, TROW’s equity products aggregated $767 billion, which decreased marginally from the previous month. Fixed income (including money market) grew 1% to $198 billion. Further, multi-asset products were $545 billion, which increased slighlty from the previous month.
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Lazard Reports 1.8% Sequential Increase in April AUM Balance
Lazard, Inc. (LAZ - Free Report) reported a preliminary asset under management (AUM) balance of $231.4 billion as of April 30, 2025, reflecting an increase of 1.8% from March 31, 2025, level.
The AUM was impacted favorably by foreign exchange appreciation of $5.1 billion, offset by market depreciation of $0.9 billion and net outflows of $0.2 billion.
LAZ’s April AUM Breakdown
In April, Lazard’s equity assets increased 1.3% from the prior month’s level to $176.3 billion.
Fixed-income assets increased 5.3% sequentially to $46.3 billion. Other assets fell 5.6% from the previous month's level to $8.8 billion.
Our Take on Lazard
The company’s high reliance on financial advisory fees for most of its revenues and continued net outflows are likely to affect the top-line growth in the upcoming period. Nonetheless, cost-management efforts are expected to aid the company’s bottom line in the near term.
Lazard’s Price Performance & Zacks Rank
Over the past year, shares of Lazard have risen 21.4% compared with the industry’s growth of 10%.
LAZ currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Franklin Resources, Inc. (BEN - Free Report) reported its preliminary assets under management of $1.53 trillion as of April 30, 2025, which decreased marginally from the prior month.
The decline in BEN's AUM balance was due to the impact of preliminary long-term net outflows of $10 billion, inclusive of $10 billion of long-term net outflows at Western Asset Management, partially offset by the positive impact of foreign exchange.
T. Rowe Price Group, Inc. (TROW - Free Report) announced its preliminary assets under management of $1.56 trillion for April 2025. The figure reflected a sequential marginal decrease compared to the prior month.
At the end of April, TROW’s equity products aggregated $767 billion, which decreased marginally from the previous month. Fixed income (including money market) grew 1% to $198 billion. Further, multi-asset products were $545 billion, which increased slighlty from the previous month.