Apollo Global Management LLC Receives a Buy from KBW

By Austin Angelo

In a report released yesterday, Robert Lee from KBW reiterated a Buy rating on Apollo Global Management LLC (NYSE: APO), with a price target of $25. The company’s shares closed yesterday at $23.18, close to its 52-week high of $24.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 7.2% and a 72.4% success rate. Lee covers the Financial sector, focusing on stocks such as Oaktree Capital Group Llc, Calamos Asset Management, and SEI Investments Company.

Apollo Global Management LLC has an analyst consensus of Strong Buy, with a price target consensus of $26.33.

The company has a one year high of $24 and a one year low of $14.25. Currently, Apollo Global Management LLC has an average volume of 1.46M.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. Earlier this month, John Suydam, the CLO of APO sold 134,748 shares for a total of $3,084,382.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Apollo Global Management LLC is a global alternative investment manager, which 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 including performing, stressed, and distressed instruments across the capital structure. 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.