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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) hit a new 52-week high Friday as it is currently trading at $23.31, above its previous 52-week high of $23.30 with 1.9 million shares traded as of 11:45 a.m. ET. Average volume has been 5.1 million shares over the past 30 days. Blackstone Group has a market cap of $12.58 billion and is part of the financial sector and financial services industry. Shares are up 47.1% 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 38.4, above the S&P 500 P/E ratio of 17.7.