Price Action To Observe: Is Apollo Global Management LLC a Buy? The Stock Rises Again

Price Action To Observe: Is Apollo Global Management LLC a Buy? The Stock Rises Again

The stock of Apollo Global Management LLC (NYSE:APO) is a huge mover today! About 977,472 shares traded hands or 61.79% up from the average. Apollo Global Management LLC (NYSE:APO) has risen 14.09% since April 8, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.
The move comes after 6 months positive chart setup for the $3.51 billion company. It was reported on Nov, 10 by Barchart.com. We have $31.37 PT which if reached, will make NYSE:APO worth $2.28B more.

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. Apollo Global Management has been the topic of 33 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Hold” on Thursday, June 16. As per Thursday, December 10, the company rating was initiated by Jefferies. Bank of America downgraded it to “Neutral” rating and $18 target price in Tuesday, December 8 report. The rating was maintained by Wood with “Market Perform” on Monday, July 11. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, August 11. Argus Research maintained the shares of APO in a report on Thursday, October 29 with “Buy” rating. Wood upgraded it to “Outperform” rating and $22 target price in Thursday, August 4 report. UBS maintained it with “Buy” rating and $14 target price in Thursday, February 4 report. The firm earned “Buy” rating on Friday, August 12 by Argus Research. The company was maintained on Monday, October 26 by RBC Capital Markets.

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 Q2 2016. Its down 0.03, from 0.95 in 2016Q1. The ratio is negative, 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.
Goldman Sachs Group last reported 0.02% of its portfolio in the stock. Raymond James And Associates holds 0% of its portfolio in Apollo Global Management LLC (NYSE:APO) for 24,851 shares. Lpl Financial Limited Liability holds 0% of its portfolio in Apollo Global Management LLC (NYSE:APO) for 26,116 shares. Us Fincl Bank De has 0% invested in the company for 200 shares. Iconiq Ltd holds 0.17% or 52,200 shares in its portfolio. Provise Grp Ltd Liability Corporation owns 15,500 shares or 0.04% of their US portfolio. Natl Asset Management has 0.05% invested in the company for 17,938 shares. Hmi Limited Liability Company accumulated 15.61% or 5.47 million shares. Pzena Inv Mngmt Limited Liability holds 381,650 shares or 0.04% of its portfolio. Commonwealth Equity Services Incorporated last reported 93,626 shares in the company. Covey Cap Limited Liability Company owns 94,812 shares or 0.79% of their US portfolio. Ladenburg Thalmann Fincl Svcs Incorporated has invested 0.01% of its portfolio in Apollo Global Management LLC (NYSE:APO). Oaktree Management Limited Partnership holds 0.1% or 353,842 shares in its portfolio. Group Inc One Trading Lp holds 0.02% or 109,441 shares in its portfolio. Moreover, Robeco Institutional Asset Bv has 0.01% invested in Apollo Global Management LLC (NYSE:APO) for 75,000 shares.

More important 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 article titled: “Apollo Global Management, LLC Reports Third Quarter 2016 Results”, Bizjournals.com published: “How Apollo proposes to cut Rackspace’s operating costs by $100M (slideshow)” on October 14, 2016. More interesting news about Apollo Global Management LLC (NYSE:APO) was released by: Bizjournals.com and their article: “Rackspace sale to private equity completed” with publication date: November 03, 2016.

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.

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