NEW YORK ( TheStreet) -- Lazard (NYSE: LAZ) is trading at unusually high volume Thursday with 3.2 million shares changing hands. It is currently at four times its average daily volume and trading up 83 cents (+3%) at $28.72 as of 12:50 p.m. ET. Lazard has a market cap of $3.41 billion and is part of the financial sector and financial services industry. Shares are up 6.8% year to date as of the close of trading on Wednesday. Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm. The company has a P/E ratio of 20.9, above the average financial services industry P/E ratio of 12.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Lazard as a hold. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally poor debt management. You can view the full Lazard Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.