Blackstone Group LP (BX): Today's Featured Financial Services 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 Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.4%. By the end of trading, Blackstone Group rose $0.40 (1.8%) to $22.65 on average volume. Throughout the day, 5,154,158 shares of Blackstone Group exchanged hands as compared to its average daily volume of 5,107,600 shares. The stock ranged in a price between $22.00-$22.74 after having opened the day at $22.03 as compared to the previous trading day's close of $22.25. Other companies within the Financial Services industry that increased today were: Siebert Financial Corporation ( SIEB), up 12.9%, Gleacher ( GLCH), up 7.6%, Federal Agricultural Mortgage ( AGM.A), up 7.5% and RBS Oil Trendpilot Exchange Traded Notes ( TWTI), up 5.8%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $12.4 billion and is part of the financial sector. The company has a P/E ratio of 37.9, above the S&P 500 P/E ratio of 17.7. Shares are up 43.6% year to date as of the close of trading on Thursday. 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Millennium India Acquisition Corporation ( SMCG), down 11.8%, Nomura Holdings ( NMR), down 3.7%, Noah Holdings ( NOAH), down 2.4% and Consumer Portfolio Services ( CPSS), down 2.2% , were all laggards within the financial services industry with Raymond James Financial ( RJF) being today's financial services industry laggard.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.