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Blackstone Group Stock Falls On Unusually High Volume (BX)

By TheStreet Wire 11/15/12 - 04:21 PM EST

Find out if (BX) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Blackstone Group (NYSE:BX) is trading at unusually high volume Thursday with 16.1 million shares changing hands. It is currently at 6.1 times its average daily volume and trading down 47 cents (-3.4%) at $13.51 as of 3:55 p.m. ET.

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Blackstone Group has a market cap of $7.54 billion and is part of the financial sector and financial services industry. Shares are down 0.2% year to date as of the close of trading on Wednesday.

The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. The company has a P/E ratio of 84.5, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Blackstone Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Blackstone Group Ratings Report.

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