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 0.1%. By the end of trading, Blackstone Group fell $1.05 (-3.4%) to $29.97 on average volume. Throughout the day, 8,623,352 shares of Blackstone Group exchanged hands as compared to its average daily volume of 5,899,100 shares. The stock ranged in price between $29.92-$31.37 after having opened the day at $31.03 as compared to the previous trading day's close of $31.02. Other companies within the Financial Services industry that declined today were: Och-Ziff Capital Management Group ( OZM), down 9.9%, Altisource Asset Management ( AAMC), down 7.2%, Tile Shop Holdings ( TTS), down 5.2% and Fortress Investment Group ( FIG), down 4.9%.

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 $18.5 billion and is part of the financial sector. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year to date as of the close of trading on Friday. 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, expanding profit margins, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, RCS Capital ( RCAP), up 8.0%, Siebert Financial ( SIEB), up 5.4%, Paulson Capital ( PLCC), up 4.2% and Rand Capital ( RAND), up 3.5% , were all gainers within the financial services industry with Total System Services ( TSS) 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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