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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Blackstone Group ( BX) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Blackstone Group fell $0.97 (-3.0%) to $31.91 on heavy volume. Throughout the day, 7,858,163 shares of Blackstone Group exchanged hands as compared to its average daily volume of 5,229,600 shares. The stock ranged in price between $31.20-$33.25 after having opened the day at $33.14 as compared to the previous trading day's close of $32.88. Other companies within the Financial Services industry that declined today were: Global Cash Access Holdings ( GCA), down 15.6%, Xoom ( XOOM), down 12.9%, Sorrento Therapeutics ( SRNE), down 10.1% and Siebert Financial Corporation ( SIEB), down 8.6%.

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $19.1 billion and is part of the financial sector. Shares are up 4.4% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates 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, notable return on equity, expanding profit margins, good cash flow from operations 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 positive front, RCS Capital Corp Class A ( RCAP), up 8.6%, China Ceramics ( CCCL), up 7.2%, Carlyle Group L P ( CG), up 4.8% and Turkish Investment Fund ( TKF), up 3.8% , were all gainers within the financial services industry with Legg Mason ( LM) being today's featured financial services industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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