Apollo Global Management LLC (APO) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.98 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.78. Analysts had a consensus of $0.20. The company posted revenue of $660.45 million in the period, compared to analysts expectations of $294.00 million. The company’s revenue was up 87.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on Apollo Global Management LLC. Company shares were Reiterated by RBC Capital Mkts on May 24, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $15 .
Apollo Global Management LLC closed down -0.19 points or -1.11% at $16.96 with 13,26,108 shares getting traded on Tusday. Post opening the session at $17.07, the shares hit an intraday low of $16.84 and an intraday high of $17.5 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
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.