Lazard LTD. LTD. Class A (NYSE:LAZ) traded at a new 52-week high today of $53.00. Approximately 91,000 shares have changed hands today, as compared to an average 30-day volume of 441,000 shares.
Lazard LTD. LTD. Class A share prices have moved between a 52-week high of $53.00 and a 52-week low of $32.38 and are now trading 63% above that low price at $52.73 per share.
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.
Lazard LTD. LTD. Class A (NYSE:LAZ) is currently priced 14.1% above its average consensus analyst price target of $45.31.
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