Shares of Lazard LTD. LTD. Class A (NYSE:LAZ) traded at a new 52-week high today of $51.11. This new high was reached on below average trading volume as 93,000 shares traded hands, while the average 30-day volume is approximately 442,000 shares.
In the past 52 weeks, shares of Lazard LTD. LTD. Class A have traded between a low of $32.38 and a high of $51.11 and is now at $51.09, which is 58% above that low price.
Lazard LTD. LTD. Class A (NYSE:LAZ) defies analysts with a current price ($51.09) 14.8% above its average consensus price target of $43.54.
Lazard has a storied history that can be traced back to 1848. The company’s revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company’s asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 30% in EMEA, and 10% in Asia-Pacific. Lazard has offices in over 40 cities across more than 25 countries and over 3,000 employees.
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