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 was unchanged today. By the end of trading, Blackstone Group fell $0.34 (-1.0%) to $33.34 on light volume. Throughout the day, 3,157,693 shares of Blackstone Group exchanged hands as compared to its average daily volume of 5,223,800 shares. The stock ranged in price between $33.16-$33.93 after having opened the day at $33.83 as compared to the previous trading day's close of $33.68. Other companies within the Financial Services industry that declined today were: Manhattan Bridge Capital ( LOAN), down 4.2%, QIWI ( QIWI), down 4.0%, Federal Agricultural Mortgage ( AGM.A), down 3.7% and Och-Ziff Capital Management Group ( OZM), down 3.5%.

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 $19.2 billion and is part of the financial sector. Shares are up 5.6% 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Harris & Harris Group ( TINY), up 7.9%, Tiptree Financial ( TIPT), up 5.3%, MoneyGram International ( MGI), up 3.8% and US Global Investors ( GROW), up 3.4% , were all gainers within the financial services industry with Franklin Resources ( BEN) 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).

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