3. As of noon trading, Blackstone Group ( BX) is down $0.50 (-2.7%) to $18.10 on heavy volume Thus far, 3.7 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $18.06-$18.76 after having opened the day at $18.76 as compared to the previous trading day's close of $18.60.

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 $9.5 billion and is part of the financial services industry. The company has a P/E ratio of 106.5, above the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 2 rate it a hold.

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

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