Wells Fargo Upgrades Apollo Global Management LLC to Outperform

Brokerage firm Wells Fargo Upgrades its rating on Apollo Global Management LLC(APO). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Wells Fargo was issued on Feb 6, 2017.

Apollo Global Management LLC (APO) made into the market gainers list on Tuesdays trading session with the shares advancing 3.03% or 0.67 points. Due to strong positive momentum, the stock ended at $22.81, which is also near the day’s high of $22.925. The stock began the session at $22.35 and the volume stood at 21,83,186 shares. The 52-week high of the shares is $22.925 and the 52 week low is $12.35. The company has a current market capitalization of $9,155 M and it has 40,13,48,830 shares in outstanding.

Apollo Global Management LLC(APO) last announced its earnings results on Feb 3, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $685.380M. Analysts had an estimated revenue of $526.080M. Earnings per share were $0.98. Analysts had estimated an EPS of $0.7.

Several Insider Transactions has been reported to the SEC. On Dec 8, 2016, John J Suydam (Chief Legal Officer) sold 49,358 shares at $20.01 per share price.Also, On Dec 2, 2016, Pauline Richards (director) purchased 625 shares at $19.50 per share price.On Nov 14, 2016, Martin Kelly (Chief Financial Officer) sold 15,000 shares at $19.11 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.

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