Apollo Global Management LLC (APO) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 18 from a previous price target of $15 . RBC Capital Mkts advised their investors in a research report released on May 24, 2016.
Many Wall Street Analysts have commented on Apollo Global Management LLC. Company shares were Reiterated by Jefferies on Mar 22, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $17 .Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .
On the company’s financial health, Apollo Global Management LLC reported $-0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.04. The company had revenue of $247.80 million for the quarter, compared to analysts expectations of $240.97 million. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Apollo Global Management LLC opened for trading at $15.85 and hit $16.31 on the upside on Friday, eventually ending the session at $16, with a gain of 0.13% or 0.02 points. The heightened volatility saw the trading volume jump to 16,86,943 shares. Company has a market cap of $2,934 M.
In a different news, on May 12, 2016, A B Krongard (director) purchased 1,000 shares at $17.16 per share price. According to the SEC, on Feb 10, 2016, Robert K Kraft (director) purchased 20,000 shares at $12.61 per share price. On Aug 18, 2015, Pauline Richards (director) purchased 335 shares at $20.66 per share price, according to the Form-4 filing with the securities and exchange commission.
Apollo Global Management LLC is an investment manager in private equity credit and real estate. The Company raises invests and manages funds on behalf of pension endowment and sovereign wealth funds as well as other institutional and individual investors. The Company operates through three segments: The Company operates through three segments: Private equity which invests in control equity and related debt instruments convertible securities and distressed debt instruments; Credit which primarily invests in non-control corporate and structured debt instruments and Real estate which 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.