Worth Watching: Apollo Global Management LLC Increases Again; Strong Momentum for Buyers

Worth Watching: Apollo Global Management LLC Increases Again; Strong Momentum for Buyers

The stock of Apollo Global Management LLC (NYSE:APO) is a huge mover today! About 324,863 shares traded hands. Apollo Global Management LLC (NYSE:APO) has risen 15.50% since February 29, 2016 and is uptrending. It has outperformed by 3.28% the S&P500.
The move comes after 7 months positive chart setup for the $3.41B company. It was reported on Oct, 3 by Barchart.com. We have $29.20 PT which if reached, will make NYSE:APO worth $2.05 billion more.

Analysts await Apollo Global Management LLC (NYSE:APO) to report earnings on October, 26. They expect $0.45 earnings per share, up 73.08% or $0.19 from last year’s $0.26 per share. APO’s profit will be $84.08M for 10.14 P/E if the $0.45 EPS becomes a reality. After $0.98 actual earnings per share reported by Apollo Global Management LLC for the previous quarter, Wall Street now forecasts -54.08% negative EPS growth.

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 given on Friday, January 8 by Deutsche Bank. On Thursday, December 10 the stock rating was initiated by Jefferies with “Hold”. RBC Capital Markets maintained the shares of APO in a report on Monday, October 26 with “Sector Perform” rating. The firm has “Neutral” rating given on Tuesday, December 8 by Bank of America. As per Thursday, June 16, the company rating was maintained by Deutsche Bank. The stock of Apollo Global Management LLC (NYSE:APO) earned “Buy” rating by UBS on Thursday, February 4. The rating was maintained by Argus Research with “Buy” on Friday, August 12. The firm has “Outperform” rating given on Thursday, August 4 by Wood. The company was maintained on Friday, March 11 by Deutsche Bank. The stock of Apollo Global Management LLC (NYSE:APO) has “Buy” rating given on Tuesday, March 22 by Jefferies.

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.
Moreover, Citigroup Inc has 0.07% invested in Apollo Global Management LLC (NYSE:APO) for 4.56M shares. The Florida-based Raymond James Serv Advsrs has invested 0% in Apollo Global Management LLC (NYSE:APO). Moreover, Millennium Ltd Liability has 0.01% invested in Apollo Global Management LLC (NYSE:APO) for 191,228 shares. Para Advsrs Lc owns 75,000 shares or 5.89% of their US portfolio. Hollencrest Ltd Liability last reported 0.03% of its portfolio in the stock. Mckinley Capital Mngmt Ltd Llc Delaware has 0.02% invested in the company for 27,185 shares. Invesco has 430,022 shares for 0% of their US portfolio. Endowment Management L P holds 0.05% of its portfolio in Apollo Global Management LLC (NYSE:APO) for 15,450 shares. The British Columbia – Canada-based Pacad Investment Limited has invested 0.04% in Apollo Global Management LLC (NYSE:APO). Cap, a California-based fund reported 5.48 million shares. Thornburg Invest Mgmt holds 5.48M shares or 0.64% of its portfolio. Highfields Mgmt L P holds 0.35% or 2.68 million shares in its portfolio. Commerzbank Aktiengesellschaft Fi holds 0.02% of its portfolio in Apollo Global Management LLC (NYSE:APO) for 178,260 shares. Sg Americas Securities Ltd Company holds 0% of its portfolio in Apollo Global Management LLC (NYSE:APO) for 15,000 shares. Sol Capital Management owns 60,000 shares or 0.3% of their US portfolio.

More notable recent Apollo Global Management LLC (NYSE:APO) news were published by: Reuters.com which released: “Apollo Global eyes Community Health Systems assets: sources” on September 19, 2016, also Businesswire.com with their article: “Funds Affiliated with Apollo Global Management and Post Oak Energy Capital …” published on October 03, 2016, Bizjournals.com published: “Behind the Deal: Rackspace courted 14 investors before Apollo merger agreement” on September 21, 2016. More interesting news about Apollo Global Management LLC (NYSE:APO) were released by: Streetinsider.com and their article: “Apollo Global Management (APO) Closes Outerwall (OUTR) Takeover” published on September 27, 2016 as well as Finance.Yahoo.com‘s news article titled: “Apollo Global Management to Announce Third Quarter 2016 Financial Results and …” with publication date: September 29, 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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