Blackstone Group LP (BX): Today's Featured Financial Loser

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.

On the positive front, Central Federal ( CFBK), up 40%, BancTrust Financial Group ( BTFG), up 19.5%, Plumas Bancorp ( PLBC), up 17.7%, and Rurban Financial ( RBNF), up 15.4%, were all gainers within the financial sector with State Street ( STT) being today's featured financial sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).
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