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

Blackstone Group ( BX) pushed the Financial Services industry lower today making it today's featured Financial Services loser. The industry as a whole closed the day up 0.4%. By the end of trading, Blackstone Group fell 8 cents (-0.6%) to $12.75 on average volume. Throughout the day, 3.1 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in price between $12.67-$12.88 after having opened the day at $12.86 as compared to the previous trading day's close of $12.83. Other company's within the Financial Services industry that declined today were: Penson Worldwide ( PNSN), down 6%, Heckmann ( HEK), down 4.6%, First Trust Europe AlphaDEX ( FEP), down 4.3%, and Triangle Capital ( TCAP), down 3.4%.

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 $6.64 billion and is part of the financial sector. Shares are down 7.4% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and one rates 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, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and a generally disappointing performance in the stock itself.

On the positive front, Millennium India Acquisition Corporation ( SMCG), up 25.5%, FirstCity Financial Corporation ( FCFC), up 6%, Community Bankers Trust Corporation ( BTC), up 5.8%, and China Ceramics ( CCCL), up 5.2%, were all gainers within the financial services industry with Charles Schwab ( SCHW) being today's featured financial services industry winner.

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

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