Blackstone Group Rises On Unusually High Volume (BX)

NEW YORK ( TheStreet) -- Blackstone Group (NYSE: BX) is trading at unusually high volume Thursday with 10.2 million shares changing hands. It is currently at two times its average daily volume and trading up $1.17 (+5.3%) at $23.13 as of 3:25 p.m. ET.

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Blackstone Group has a market cap of $12.15 billion and is part of the financial sector and financial services industry. Shares are up 40.9% year to date as of the close of trading on Wednesday.

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.

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, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Blackstone Group Ratings Report.

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