Blackstone Group ( BX) pushed the Financial sector lower today making it today's featured Financial loser. The sector as a whole closed the day up 0.9%. By the end of trading, Blackstone Group fell 17 cents (-1.3%) to $13.20 on heavy volume. Throughout the day, 8.2 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in price between $13.09-$13.59 after having opened the day at $13.47 as compared to the previous trading day's close of $13.37. Other company's within the Financial sector that declined today were: Central Virginia Bankshares ( CVBK), down 35.5%, Sun Bancorp ( SNBC), down 9.4%, First Marblehead Corporation ( FMD), down 9.1%, and Security National Financial Corporation ( SNFCA), down 7.5%. 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 $6.7 billion and is part of the financial services industry. Shares are down 4.1% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate Blackstone Group a buy, no analysts rate it a sell, and four rate it a hold. TheStreet Ratings rates Blackstone Group as a hold. The company's strengths can be seen in multiple areas, such as its 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.
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