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Lazard Reports 1.7% Sequential AUM Growth in May on Market Gains
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Key Takeaways
Lazard's AUM rose 1.7% sequentially in May to $235.3B, driven by market and FX appreciation.
A $7.4B market gain and $0.2B FX boost were offset by $3.7B in net outflows and a $4.3B client withdrawal.
Equity assets rose 2.4% to $180.5B, while fixed income fell 1.3% and other assets climbed 3%.
Lazard, Inc. (LAZ - Free Report) reported a preliminary asset under management (AUM) balance of $235.3 billion as of May 31, 2025, reflecting an increase of 1.7% from the April 30, 2025, level.
The AUM was favorably affected by market appreciation of $7.4 billion and foreign exchange appreciation of $0.2 billion, partly offset by net outflows of $3.7 billion, which included $4.3 billion outflows from a single sub-advised relationship.
LAZ's May AUM Breakdown
In May, Lazard’s equity assets increased 2.4% from the prior month’s level to $180.5 billion. Further, other assets increased 3% from the previous month's level to $9 billion.
Fixed-income assets decreased 1.3% sequentially to $45.8 billion.
Our Take on Lazard
The company’s high reliance on financial advisory fees for most of its revenues and persistent net outflows are likely to affect top-line growth to some extent. Nevertheless, the cost-management efforts are expected to aid the company’s bottom line in the near term.
Over the past year, shares of Lazard have risen 14.3% compared with the industry’s growth of 12.4%.
Franklin Resources, Inc. (BEN - Free Report) reported its AUM of $1.57 trillion as of May 31, 2025, which increased 2.6% from the prior month.
The increase in BEN's AUM balance was driven by the positive impact of markets and preliminary long-term net inflows of $1 billion, inclusive of $3 billion of long-term net outflows at Western Asset Management.
Meanwhile, T. Rowe Price Group (TROW - Free Report) will announce its monthly performance in the upcoming days. Over the past year, shares of TROW have plunged 19%.
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Lazard Reports 1.7% Sequential AUM Growth in May on Market Gains
Key Takeaways
Lazard, Inc. (LAZ - Free Report) reported a preliminary asset under management (AUM) balance of $235.3 billion as of May 31, 2025, reflecting an increase of 1.7% from the April 30, 2025, level.
The AUM was favorably affected by market appreciation of $7.4 billion and foreign exchange appreciation of $0.2 billion, partly offset by net outflows of $3.7 billion, which included $4.3 billion outflows from a single sub-advised relationship.
LAZ's May AUM Breakdown
In May, Lazard’s equity assets increased 2.4% from the prior month’s level to $180.5 billion. Further, other assets increased 3% from the previous month's level to $9 billion.
Fixed-income assets decreased 1.3% sequentially to $45.8 billion.
Our Take on Lazard
The company’s high reliance on financial advisory fees for most of its revenues and persistent net outflows are likely to affect top-line growth to some extent. Nevertheless, the cost-management efforts are expected to aid the company’s bottom line in the near term.
Over the past year, shares of Lazard have risen 14.3% compared with the industry’s growth of 12.4%.
Image Source: Zacks Investment Research
The company 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 AUM of $1.57 trillion as of May 31, 2025, which increased 2.6% from the prior month.
The increase in BEN's AUM balance was driven by the positive impact of markets and preliminary long-term net inflows of $1 billion, inclusive of $3 billion of long-term net outflows at Western Asset Management.
Meanwhile, T. Rowe Price Group (TROW - Free Report) will announce its monthly performance in the upcoming days. Over the past year, shares of TROW have plunged 19%.