November 29, 2016 - By Nellie Frank
The Chief Legal Officer of Apollo Global Management Llc and company’s insider John Suydam sold 50,642 shares of the company based on the stock price per share of $20.0 for each share. The insider shares approximately $1,012,840 USD. John Suydam currently has rights to 0.56% of Apollo Global Management Llc’s total market cap with ownership of 1.02 million shares.
Out of 13 analysts covering Apollo Global Management (NYSE:APO), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. $39 is the highest target while $12 is the lowest. The $21.23 average target is 10.06% above today’s ($19.29) stock price. Apollo Global Management has been the topic of 33 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, March 11 by Deutsche Bank. The rating was maintained by Argus Research on Thursday, October 29 with “Buy”. As per Friday, August 12, the company rating was maintained by Argus Research. The firm has “Hold” rating by Deutsche Bank given on Friday, January 8. The rating was maintained by Argus Research with “Buy” on Thursday, July 30. The company was initiated on Thursday, December 10 by Jefferies. The company was maintained on Tuesday, May 24 by RBC Capital Markets. The stock of Apollo Global Management LLC (NYSE:APO) earned “Sector Perform” rating by RBC Capital Markets on Monday, October 26. The firm earned “Hold” rating on Thursday, June 16 by Deutsche Bank. The firm has “Neutral” rating given on Tuesday, December 8 by Bank of America.
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.27, from 0.92 in 2016Q1. The ratio increased, as 12 funds sold all Apollo Global Management LLC shares owned while 39 reduced positions. 13 funds bought stakes while 34 increased positions. They now own 102.19 million shares or 4.06% less from 106.52 million shares in 2016Q1.
Credit Suisse Ag, a Switzerland-based fund reported 1.18 million shares. Wells Fargo & Mn accumulated 0% or 203,444 shares. Para Limited Com reported 75,000 shares or 5.89% of all its holdings. Pacad Invest Ltd has 21,300 shares for 0.04% of their US portfolio. Moreover, Dnb Asset Mngmt As has 0% invested in Apollo Global Management LLC (NYSE:APO) for 61,700 shares. Group One Trading Lp accumulated 0.02% or 109,441 shares. Natixis Asset Mngmt last reported 0.08% of its portfolio in the stock. Capital Ww Investors holds 0.02% or 5.48 million shares in its portfolio. Pzena Investment Management Ltd Llc reported 381,650 shares or 0.04% of all its holdings. Williams Jones And Ltd Liability Co reported 25,100 shares or 0.02% of all its holdings. Oppenheimer And Co holds 0.01% or 27,436 shares in its portfolio. Timessquare Capital Ltd Liability Company, a New York-based fund reported 6.63M shares. Jnba Finance Advisors accumulated 175 shares or 0% of the stock. Iconiq Cap Llc accumulated 52,200 shares or 0.17% of the stock. First Retail Bank Sioux Falls last reported 4,341 shares in the company.
Insider Transactions: Since August 5, 2016, the stock had 1 insider purchase, and 2 selling transactions for $10.78 million net activity. 15,000 Apollo Global Management LLC (NYSE:APO) shares with value of $286,713 were sold by Kelly Martin. $10.53 million worth of Apollo Global Management LLC (NYSE:APO) was sold by ROWAN MARC J on Friday, August 5. RICHARDS PAULINE had bought 1,800 shares worth $33,133 on Friday, August 5.
The stock decreased 0.72% or $0.14 on November 29, hitting $19.29. About 1.15 million shares traded hands or 80.77% up from the average. Apollo Global Management LLC (NYSE:APO) has risen 12.38% since April 26, 2016 and is uptrending. It has outperformed by 7.12% the S&P500.
Apollo Global Management, LLC is an alternative investment manager in private equity, credit and real estate. The company has a market cap of $3.46 billion. The Firm raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. It has a 15.45 P/E ratio. The Firm operates through three divisions: Private equity, Credit and Real estate.
According to Zacks Investment Research, “Apollo Management, L.P. operates as an alternative asset manager globally. The Company operates in three business segments: private equity, capital markets and real estate. It raises, invests and manages funds on behalf of pension and endowment funds, as well as other institutional and individual investors. Apollo Management, L.P. is headquartered in New York, New York.”
Analysts await Apollo Global Management LLC (NYSE:APO) to report earnings on February, 1. They expect $0.38 EPS, up 375.00% or $0.30 from last year’s $0.08 per share. APO’s profit will be $68.16 million for 12.69 P/E if the $0.38 EPS becomes a reality. After $0.58 actual EPS reported by Apollo Global Management LLC for the previous quarter, Wall Street now forecasts -34.48% negative EPS growth.
More news for Apollo Global Management LLC (NYSE:APO) were recently published by: Wsj.com, which released: “Apollo’s New Creed: Bond Bears Take On ETF Buyers” on October 27, 2016. Wsj.com‘s article titled: “Apollo Global’s Athene Plans to List Shares in December” and published on November 23, 2016 is yet another important article.
Apollo Global Management, LLC (Apollo), incorporated on July 3, 2007, is an alternative investment manager in private equity, credit and real estate. The Firm raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Firm operates through three divisions: Private equity, Credit and Real estate. The Private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt instruments. The Credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed instruments across the capital structure. The Real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities. The Firm has total asset under management (AUM) of approximately $170 billion, including approximately $40 billion in private equity, over $120 billion in credit and approximately $10 billion in real estate.
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By Nellie Frank