The stock of Apollo Global Management LLC (NYSE:APO) hit a new 52-week high and has $20.45 target or 5.00% above today’s $19.48 share price. The 6 months bullish chart indicates low risk for the $3.67 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $20.45 price target is reached, the company will be worth $183.50 million 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. The stock last traded at $19.48 per share. It is down 12.28% since April 20, 2016 and is uptrending. It has outperformed by 7.72% 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. $39 is the highest target while $12 is the lowest. The $21.23 average target is 8.98% above today’s ($19.48) stock price. Apollo Global Management has been the topic of 33 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, August 12 by Argus Research. The firm has “Hold” rating given on Monday, August 17 by Deutsche Bank. The stock has “Neutral” rating given by Bank of America on Tuesday, December 8. The firm earned “Sector Perform” rating on Tuesday, May 24 by RBC Capital Markets. The company was maintained on Thursday, February 4 by UBS. The rating was maintained by Argus Research with “Buy” on Thursday, July 30. The stock of Apollo Global Management LLC (NYSE:APO) earned “Hold” rating by Deutsche Bank on Thursday, June 16. The firm has “Buy” rating given on Thursday, October 29 by Argus Research. The stock of Apollo Global Management LLC (NYSE:APO) has “Hold” rating given on Thursday, December 10 by Jefferies. JP Morgan maintained the shares of APO in a report on Monday, November 2 with “Overweight” rating.
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 2016 Q2. Its up 0.27, from 0.92 in 2016Q1. The ratio is positive, 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.
Clear Harbor Asset Mngmt Ltd Liability Corporation, a New York-based fund reported 10,950 shares. Moreover, Veritable L P has 0% invested in Apollo Global Management LLC (NYSE:APO) for 11,355 shares. Oaktree Capital Management L P last reported 353,842 shares in the company. Neuberger Berman Grp Incorporated Limited Co holds 0.01% or 446,330 shares in its portfolio. Fmr Ltd Liability Corporation reported 5.98M shares or 0.01% of all its holdings. The Texas-based Moody Bancorp Division has invested 0.01% in Apollo Global Management LLC (NYSE:APO). The Texas-based Amer National Registered Investment Advisor has invested 0.07% in Apollo Global Management LLC (NYSE:APO). Commonwealth Equity Ser, a Massachusetts-based fund reported 93,626 shares. Moreover, Cetera Advsrs Ltd Llc has 0.07% invested in Apollo Global Management LLC (NYSE:APO) for 59,309 shares. Commerzbank Aktiengesellschaft Fi last reported 0.02% of its portfolio in the stock. Sigma Planning Corporation has 0.06% invested in the company for 32,763 shares. Wfg Advsr L P owns 714 shares or 0% of their US portfolio. Iconiq Capital Limited Company owns 52,200 shares or 0.17% of their US portfolio. Advisory Services Networks Ltd Llc owns 8,000 shares or 0.03% of their US portfolio. Thornburg Invest holds 0.64% or 5.48M shares in its portfolio.
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.
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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