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

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

Blackstone Group ( BX) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.8%. By the end of trading, Blackstone Group rose $0.74 (3.4%) to $22.49 on average volume. Throughout the day, 6,481,252 shares of Blackstone Group exchanged hands as compared to its average daily volume of 5,042,600 shares. The stock ranged in a price between $22.04-$22.59 after having opened the day at $22.16 as compared to the previous trading day's close of $21.75. Other companies within the Financial sector that increased today were: MBIA ( MBI), up 42.7%, First Security Group ( FSGI), up 29.1%, China Housing & Land Development ( CHLN), up 17.8% and Xenith Bankshares ( XBKS), up 9.6%.
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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 $11.5 billion and is part of the financial services industry. The company has a P/E ratio of 50.7, above the S&P 500 P/E ratio of 17.7. Shares are up 39.5% year to date as of the close of trading on Friday. Currently there are 9 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, expanding profit margins, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, China HGS Real Estate ( HGSH), down 12.9%, First Capital Bancorp ( FCVA), down 6.6%, FNB United ( FNBN), down 6.4% and Intergroup Corporation ( INTG), down 5.8%.

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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