Blackstone Group LP (BX): Today's Featured Financial Services Laggard
(
) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Blackstone Group fell $0.23 (-1.1%) to $20.52 on average volume. Throughout the day, 4,994,411 shares of Blackstone Group exchanged hands as compared to its average daily volume of 5,025,100 shares. The stock ranged in price between $20.44-$21.19 after having opened the day at $20.90 as compared to the previous trading day's close of $20.75. Other companies within the Financial Services industry that declined today were:
(
), down 5.7%,
(
), down 5.6%,
(
), down 5.3% and
(
), down 4.1%.
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. Blackstone Group has a market cap of $11.4 billion and is part of the financial sector. Shares are up 33.1% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Blackstone Group
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Blackstone Group Ratings Report.
On the positive front,
(
), up 16.3%,
(
), up 6.9%,
(
), up 4.5% and
(
), up 4.3% , were all gainers within the financial services industry with
(
) being today's featured financial services industry leader.
- Use our financial services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
(
) while those bearish on the financial services industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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