Apollo Global Management LLC Unusual Bullish Options Activity Means Profits for Traders

 Apollo Global Management LLC Unusual Bullish Options Activity Means Profits for Traders

In today’s session Apollo Global Management LLC (APO) registered an unusually high (155) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious APO increase. With 155 contracts traded and 394 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: APO161118C00019000 closed last at: $0.6 or 20% up. About 152,873 shares traded hands. Apollo Global Management LLC (NYSE:APO) has risen 9.13% since March 7, 2016 and is uptrending. It has outperformed by 1.54% the S&P500.

Analysts await Apollo Global Management LLC (NYSE:APO) to report earnings on October, 26. They expect $0.45 EPS, up 73.08% or $0.19 from last year’s $0.26 per share. APO’s profit will be $82.49M for 10.52 P/E if the $0.45 EPS becomes a reality. After $0.98 actual EPS reported by Apollo Global Management LLC for the previous quarter, Wall Street now forecasts -54.08% negative EPS growth.

Apollo Global Management LLC (NYSE:APO) Ratings Coverage

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 12.15% above today’s ($18.93) stock price. Apollo Global Management has been the topic of 33 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, August 11 by Goldman Sachs. The firm earned “Hold” rating on Thursday, June 16 by Deutsche Bank. Wood upgraded it to “Outperform” rating and $22 target price in Thursday, August 4 report. The stock of Apollo Global Management LLC (NYSE:APO) earned “Hold” rating by Deutsche Bank on Thursday, August 4. The stock of Apollo Global Management LLC (NYSE:APO) has “Sector Perform” rating given on Monday, October 26 by RBC Capital Markets. The firm has “Buy” rating by UBS given on Thursday, July 30. The firm has “Buy” rating given on Thursday, October 29 by Argus Research. Wood maintained Apollo Global Management LLC (NYSE:APO) on Monday, July 11 with “Market Perform” rating. The company was downgraded on Tuesday, December 8 by Bank of America. The firm has “Hold” rating by Deutsche Bank given on Monday, August 17.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.03, from 0.95 in 2016Q1. The ratio fall, 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.
Retail Bank Of Montreal Can, a Ontario – Canada-based fund reported 745,800 shares. Spot Trading Limited Liability accumulated 9,888 shares or 0% of the stock. Creative Planning reported 2,000 shares or 0% of all its holdings. Hightower Advsr Limited Co last reported 77,533 shares in the company. Royal National Bank Of Canada accumulated 23,131 shares or 0% of the stock. Mckinley Management Limited Liability Delaware has 0.02% invested in the company for 27,185 shares. Williams Jones And Assocs Llc holds 0.02% or 25,100 shares in its portfolio. Sei Invests last reported 322,250 shares in the company. The New York-based Beck Mack And Oliver Ltd Liability has invested 1.37% in Apollo Global Management LLC (NYSE:APO). Cetera has 0.07% invested in the company for 59,309 shares. Advisory Services Network Limited Liability Com accumulated 8,000 shares or 0.03% of the stock. Wells Fargo Mn owns 203,444 shares or 0% of their US portfolio. Artemis Investment Ltd Liability Partnership accumulated 300,000 shares or 0.07% of the stock. Jpmorgan Chase And Communications accumulated 1.36M shares or 0.01% of the stock. Para Limited Com has invested 5.89% of its portfolio in Apollo Global Management LLC (NYSE:APO).

Apollo Global Management, LLC is an alternative investment manager in private equity, credit and real estate. The company has a market cap of $3.47 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 19.75 P/E ratio. The Firm operates through three divisions: Private equity, Credit and Real estate.

APO Company Profile

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.

More notable recent Apollo Global Management LLC (NYSE:APO) news were published by: Seekingalpha.com which released: “Apollo Global Management Is Making Lemonade From Lemons As Usual” on October 07, 2016, also Reuters.com with their article: “Apollo Global eyes Community Health Systems assets: sources” published on September 19, 2016, Streetinsider.com published: “Apollo Global Management (APO) Closes Outerwall (OUTR) Takeover” on September 27, 2016. More interesting news about Apollo Global Management LLC (NYSE:APO) were released by: Bloomberg.com and their article: “Philips Said to Be in Talks to Sell Lumileds to Apollo Global” published on September 30, 2016 as well as Bizjournals.com‘s news article titled: “Behind the Deal: Rackspace courted 14 investors before Apollo merger agreement” with publication date: September 21, 2016.

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