Blackstone Group Stock Falls On Unusually High Volume (BX)

NEW YORK ( TheStreet) -- Blackstone Group (NYSE: BX) is trading at unusually high volume Friday with 11.3 million shares changing hands. It is currently at four times its average daily volume and trading down 47 cents (-3%) at $15.26 as of 2:05 p.m. ET.

Blackstone Group has a market cap of $7.72 billion and is part of the financial sector and financial services industry. Shares are up 12.3% year to date as of the close of trading on Thursday.

The Blackstone Group, L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. The company operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory.

TheStreet Ratings rates Blackstone Group as a hold. The company's strongest point has been its expanding profit margins. At the same time, however, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full Blackstone Group Ratings Report.

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