Bullish Options Activity on Apollo Global Management LLC Surges After Better Fundamentals

 Bullish Options Activity on Apollo Global Management LLC Surges After Better Fundamentals

In today’s session Apollo Global Management LLC (APO) registered an unusually high (1,095) 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 1,095 contracts traded and 7364 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: APO161118C00018000 closed last at: $1 or 33.3% down. About 59,824 shares traded hands. Apollo Global Management LLC (NYSE:APO) has risen 9.52% since April 18, 2016 and is uptrending. It has outperformed by 5.09% 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. UBS maintained the stock with “Buy” rating in Thursday, February 4 report. As per Monday, July 11, the company rating was maintained by Wood. The stock of Apollo Global Management LLC (NYSE:APO) has “Neutral” rating given on Tuesday, December 8 by Bank of America. Wood upgraded the shares of APO in a report on Thursday, August 4 to “Outperform” rating. The stock has “Hold” rating given by Deutsche Bank on Thursday, August 4. On Friday, August 12 the stock rating was maintained by Argus Research with “Buy”. The firm has “Overweight” rating given on Monday, November 2 by JP Morgan. On Monday, August 17 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Buy” rating by Jefferies given on Tuesday, March 22. As per Friday, March 11, the company rating was maintained 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 increased to 1.19 in Q2 2016. 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.
The California-based Hollencrest Securities Ltd Limited Liability Company has invested 0.03% in Apollo Global Management LLC (NYSE:APO). Invesco holds 430,022 shares or 0% of its portfolio. Jnba Financial Advisors, a Minnesota-based fund reported 175 shares. Moreover, Mariner Wealth Advsrs Lc has 0.34% invested in Apollo Global Management LLC (NYSE:APO) for 410,398 shares. Royal National Bank Of Canada accumulated 0% or 23,131 shares. Provise Mngmt Gp Ltd Co holds 0.04% of its portfolio in Apollo Global Management LLC (NYSE:APO) for 15,500 shares. Moreover, Veritable Ltd Partnership has 0% invested in Apollo Global Management LLC (NYSE:APO) for 11,355 shares. Oppenheimer & Incorporated last reported 27,436 shares in the company. Sol Capital Management Com owns 60,000 shares or 0.3% of their US portfolio. Pinebridge L P reported 48,957 shares or 0.04% of all its holdings. Springbok Cap Management Limited Liability holds 0.01% or 2,893 shares in its portfolio. The New Mexico-based Thornburg Mgmt has invested 0.64% in Apollo Global Management LLC (NYSE:APO). Pzena Mgmt Limited Liability accumulated 381,650 shares or 0.04% of the stock. Meritage Grp Incorporated Lp last reported 376,850 shares in the company. Pnc Finance Ser Group Inc has 0% invested in the company for 39,052 shares.

Apollo Global Management, LLC is an alternative investment manager in private equity, credit and real estate. The company has a market cap of $3.57 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 15.53 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.

Another recent and important Apollo Global Management LLC (NYSE:APO) news was published by Wsj.com which published an article titled: “Apollo’s New Creed: Bond Bears Take On ETF Buyers” on October 27, 2016.

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