The stock of Apollo Global Management LLC (NYSE:APO) hit a new 52-week high and has $27.38 target or 42.00% above today’s $19.28 share price. The 8 months bullish chart indicates low risk for the $3.76 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $27.38 price target is reached, the company will be worth $1.58 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 378,979 shares traded hands. Apollo Global Management LLC (NYSE:APO) has risen 18.57% since April 11, 2016 and is uptrending. It has outperformed by 12.43% 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. Apollo Global Management has been the topic of 33 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Deutsche Bank given on Thursday, June 16. The firm has “Outperform” rating by Wood given on Thursday, August 4. UBS maintained Apollo Global Management LLC (NYSE:APO) on Thursday, February 4 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Tuesday, March 22 report. The stock of Apollo Global Management LLC (NYSE:APO) has “Buy” rating given on Thursday, October 29 by Argus Research. On Tuesday, August 11 the stock rating was initiated by Goldman Sachs with “Neutral”. The stock has “Market Perform” rating given by Wood on Monday, July 11. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, October 26. The stock has “Buy” rating given by Argus Research on Friday, August 12. The rating was maintained by Argus Research on Thursday, July 30 with “Buy”.
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 turned 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.
Kj Harrison And Inc has 0.16% invested in the company for 19,500 shares. Barclays Public Limited Com holds 0% or 16,647 shares in its portfolio. Arbiter Partners Mgmt Limited Liability Company accumulated 0.03% or 15,000 shares. Beck Mack And Oliver Ltd Llc owns 2.56M shares or 1.37% of their US portfolio. Bnp Paribas Arbitrage Sa reported 291,413 shares or 0.02% of all its holdings. Chemical Retail Bank holds 0.02% or 10,300 shares in its portfolio. National Registered Investment Advisor Inc has 0.07% invested in the company for 10,325 shares. Susquehanna Llp last reported 0% of its portfolio in the stock. Moreover, Hightower Advisors Limited Liability Company has 0.01% invested in Apollo Global Management LLC (NYSE:APO) for 77,533 shares. Evercore Wealth Mgmt Ltd Liability holds 1.20 million shares or 0.81% of its portfolio. Oppenheimer And has invested 0.01% of its portfolio in Apollo Global Management LLC (NYSE:APO). Creative Planning reported 2,000 shares or 0% of all its holdings. Da Davidson last reported 2,947 shares in the company. Legal & General Group Public Limited Liability Corp owns 369,111 shares or 0.01% of their US portfolio. Jnba Financial has 0% invested in the company for 175 shares.
More important recent Apollo Global Management LLC (NYSE:APO) news were published by: Finance.Yahoo.com which released: “Apollo Global Management, LLC Reports Third Quarter 2016 Results” on October 28, 2016, also Wsj.com published article titled: “Apollo’s New Creed: Bond Bears Take On ETF Buyers”, 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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