Is Apollo Global Management LLC a Buy? The Stock Had Bullish Options Activity Today

 Is Apollo Global Management LLC a Buy? The Stock Had Bullish Options Activity Today

In today’s session Apollo Global Management LLC (APO) registered an unusually high (1,100) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious APO increase. With 1,100 contracts traded and 3394 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: APO170317C00018000 closed last at: $0.85 or 15% down. Apollo Global Management LLC (NYSE:APO) has risen 4.93% since April 5, 2016 and is uptrending. It has outperformed by 2.97% the S&P500.

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 18.14% above today’s ($17.97) stock price. Apollo Global Management has been the topic of 33 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Wood maintained Apollo Global Management LLC (NYSE:APO) rating on Monday, July 11. Wood has “Market Perform” rating and $18 price target. Wood upgraded the shares of APO in a report on Thursday, August 4 to “Outperform” rating. On Tuesday, August 11 the stock rating was initiated by Goldman Sachs with “Neutral”. The rating was maintained by Argus Research with “Buy” on Thursday, July 30. Deutsche Bank maintained the shares of APO in a report on Friday, March 11 with “Hold” rating. On Tuesday, December 8 the stock rating was downgraded by Bank of America to “Neutral”. UBS maintained it with “Buy” rating and $14 target price in Thursday, February 4 report. The firm earned “Overweight” rating on Monday, November 2 by JP Morgan. The stock of Apollo Global Management LLC (NYSE:APO) has “Buy” rating given on Friday, August 12 by Argus Research. The firm earned “Hold” rating on Friday, January 8 by Deutsche Bank.

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 worsened, 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.
Beck Mack & Oliver Ltd Co has 2.56M shares for 1.37% of their US portfolio. Partners Hldg Ag holds 506,800 shares or 2.17% of its portfolio. Clear Harbor Asset Management Limited Liability Corp last reported 0.04% of its portfolio in the stock. 1832 Asset Mngmt Lp holds 0.01% or 112,100 shares in its portfolio. Pinebridge Invests Lp accumulated 48,957 shares or 0.04% of the stock. Neuberger Berman Grp Incorporated Limited has 446,330 shares for 0.01% of their US portfolio. Raymond James Assocs last reported 24,851 shares in the company. Honeywell Intll holds 799,600 shares or 0.31% of its portfolio. Asset Inc accumulated 17,938 shares or 0.05% of the stock. Us Fincl Bank De last reported 0% of its portfolio in the stock. Mckinley Capital Mngmt Delaware has 0.02% invested in the company for 27,185 shares. Joel Isaacson And has invested 0% of its portfolio in Apollo Global Management LLC (NYSE:APO). Brown Advisory last reported 0.01% of its portfolio in the stock. The New York-based New Mountain Vantage Advisers Ltd Com has invested 1.84% in Apollo Global Management LLC (NYSE:APO). Communications Tx accumulated 0.04% or 48,150 shares.

Apollo Global Management, LLC is an alternative investment manager in private equity, credit and real estate. The company has a market cap of $3.31 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 13.94 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 recent Apollo Global Management LLC (NYSE:APO) news were published by: Wsj.com which released: “Apollo’s New Creed: Bond Bears Take On ETF Buyers” on October 27, 2016. Also Businesswire.com published the news titled: “Apollo Global Management, LLC Reports Third Quarter 2016 Results” on October 28, 2016. Bizjournals.com‘s news article titled: “How Apollo proposes to cut Rackspace’s operating costs by $100M (slideshow)” with publication date: October 14, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment