Credit Suisse Reiterates a Hold Rating on Apollo Global

By Austin Angelo

In a report issued on November 3, Craig Siegenthaler from Credit Suisse reiterated a Hold rating on Apollo Global (NYSE: APO), with a price target of $22. The company’s shares closed last Friday at $17.67.

According to TipRanks.com, Siegenthaler is a 1-star analyst with an average return of -1.4% and a 47.7% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Virtus Investment Partners, and Oaktree Capital Group Llc.

Apollo Global has an analyst consensus of Moderate Buy, with a price target consensus of $22.

The company has a one year high of $19.10 and a one year low of $12.35. Currently, Apollo Global has an average volume of 656K.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APO in relation to earlier this year. Most recently, in February 2016, Robert K. Kraft, a Director at APO bought 20,000 shares for a total of $252,200.

Apollo Global Management LLC is a global alternative investment manager. It provides private equity, credit-oriented capital markets and real estate. The company raises, invests and manages funds on pension and endowment funds as well as other institutional and individual investors. It operates through three business segments: Private Equity, Credit and Real Estate. The Private Equity segment invests in control equity and related debt instruments, convertible securities and distressed debt instruments. The Credit segment primarily invests in non-control corporate and structured debt instruments. The Real estate segment invests in legacy commercial mortgage-backed securities, commercial first mortgage loans, mezzanine investments and other commercial real estate-related debt investments. The company was founded in 1990 and is headquartered in New York, NY.