Apollo Global Management LLC(NYSE:APO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $660.45M. Analysts estimated a revenue of $306.16M. Earnings per share were $0.98. Analysts had estimated an EPS of $0.21.
In a different note, On Jul 11, 2016, Keefe Bruyette & Woods said it Maintains its rating on Apollo Global Management LLC. In the research note, the firm Lowers the price-target to $19.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Jun 16, 2016, Deutsche Bank said it Maintains its rating on Apollo Global Management LLC. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Hold’ by the firm.
Apollo Global Management LLC (APO) remained unchanged at the close of Friday session. Even as the volume increased to 5,05,485 ,the shares failed to make any impression and ended at 0 points or 0.00% at $18.69. The trading session commenced at $18.51 and the stock hit a high of $18.73 and touched $18.42 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $21.24 and the 52-week low is $12.35. The company has a market cap of $7,491 M and has approximately 40,07,91,630 outstanding shares.
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.