The stock of Apollo Global Management LLC (NYSE:APO) is a huge mover today! About 289,863 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.
The move comes after 5 months positive chart setup for the $3.53B company. It was reported on Nov, 18 by Barchart.com. We have $27.04 PT which if reached, will make NYSE:APO worth $1.45 billion 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 firm has “Neutral” rating given on Tuesday, December 8 by Bank of America. Argus Research maintained the stock with “Buy” rating in Thursday, July 30 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, May 24. The rating was initiated by Jefferies on Thursday, December 10 with “Hold”. The rating was maintained by Deutsche Bank with “Hold” on Monday, August 17. The stock of Apollo Global Management LLC (NYSE:APO) earned “Buy” rating by UBS on Thursday, February 4. Deutsche Bank maintained it with “Hold” rating and $14.0 target price in Friday, January 8 report. As per Thursday, October 29, the company rating was maintained by Argus Research. On Tuesday, March 22 the stock rating was maintained by Jefferies with “Buy”. The firm has “Outperform” rating given on Thursday, August 4 by Wood.
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.
Meritage Gru L P accumulated 0.15% or 376,850 shares. Sigma Planning owns 32,763 shares or 0.06% of their US portfolio. New Mountain Vantage Advisers Ltd, a New York-based fund reported 2.32M shares. American Ins Tx has 0.04% invested in the company for 48,150 shares. Hsbc Public Limited accumulated 69,150 shares or 0% of the stock. Raymond James & Assocs has 0% invested in the company for 24,851 shares. Tower Research Capital Limited Liability Company (Trc) owns 4,141 shares or 0.01% of their US portfolio. Winslow Evans And Crocker Incorporated has 0% invested in the company for 8,976 shares. Greenwich Mngmt Inc owns 58,070 shares or 0.94% of their US portfolio. Honeywell International accumulated 799,600 shares or 0.31% of the stock. Massachusetts Fincl Ser Ma accumulated 0.01% or 914,738 shares. Moreover, Jnba Advsrs has 0% invested in Apollo Global Management LLC (NYSE:APO) for 175 shares. Iconiq Cap Limited Company accumulated 0.17% or 52,200 shares. The Virginia-based Markel has invested 0.15% in Apollo Global Management LLC (NYSE:APO). Fmr Ltd Liability Corp accumulated 0.01% or 5.98M shares.
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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