Deutsche Bank Maintains Apollo Global Management LLC to Hold with Price Target $16.00

Brokerage firm Deutsche Bank Maintains its rating on Apollo Global Management LLC(NYSE:APO). In a research note issued to the investors, the brokerage major Lowers the price-target to $16.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Jun 16, 2016.

In a different note, On Apr 5, 2016, Deutsche Bank said it Maintains its rating on Apollo Global Management LLC. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Hold’ by the firm. On Mar 22, 2016, Jefferies said it Maintains its rating on Apollo Global Management LLC. In the research note, the firm Raises the price-target to $17.00 per share. The shares have been rated ‘Buy’ by the firm.

Apollo Global Management LLC (APO) shares turned negative on Tuesdays trading session with the shares closing down -0.03 points or -0.19% at a volume of 6,44,765. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.465. The peak price level was also seen at $15.465 while the days lowest was $15.21. Finally the shares closed at $15.36. The 52-week high of the shares is $22.955 while the 52-week low is $12.35. According to the latest information available, the market cap of the company is $6,137 M.

Apollo Global Management LLC(APO) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $120.83M. Analysts had an estimated revenue of $185.54M. Earnings per share were $-0.18. Analysts had estimated an EPS of $0.03.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, A B Krongard (director) purchased 1,000 shares at $17.16 per share price.Also, On Feb 10, 2016, Robert K Kraft (director) purchased 20,000 shares at $12.61 per share price.On Nov 9, 2015, Marc J Rowan (director officer 10% owner (Senior Managing Direc) sold 74,870 shares at $18.61 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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