Blackstone Group Rises On Unusually High Volume (BX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Blackstone Group (NYSE: BX) is trading at unusually high volume Friday with 8.5 million shares changing hands. It is currently at two times its average daily volume and trading up 65 cents (+3.5%) at $19.15 as of 3:40 p.m. ET.

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Blackstone Group has a market cap of $9.16 billion and is part of the financial sector and financial services industry. Shares are up 11.9% 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. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. The company has a P/E ratio of 102.6, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Blackstone Group Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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