It is currently trading at $32.15 which is slightly above $30.26, the stock’s 50 day moving average and which is well above the 200 day moving average of $28.18. The 50 day moving average moved up $1.89 whereas the 200 day moving average was up $3.97 or +14.10%. Trading was heavy with 934K shares changing hands in the last trading session. Overall, volume was up 42.59% over the stocks normal daily volume.
Investors are more bearish on Apollo Global Management, LLC C at least if you consider the rise in short interest. The stock had a rise in short interest of 6.79% between September 15, 2017 and September 29, 2017. Short interest increased from 2,027,557 to 2,165,251 over that timeframe. With short interest at 2,165,251 and short average daily volume at 624,961, days to cover is 3.0 and the percentage of shorted shares is 0.01% as of September 29.
There has been some buying and selling insider activity on Apollo Global Management, LLC C (NYSE:APO) recently. Robert K. Kraft, Director disclosed the purchase of 30,000 shares. The shares sold for $29.90. The Director now owns $7,774,000 of the stock according to the SEC filing. CLO John J. Suydam sold 46,617 shares at a price of $30.01 on Wed the 9th. That brings Suydam’s holdings to $16,327,211 as recorded in a recent Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (APO). As of quarter end Dnb Asset Management As had acquired a total of 8,300 shares growing its position 5.7%. The value of the investment in Apollo Global Management, LLC C went from $3,838,401,000 to $4,611,320,000 increasing 20.1% for the reporting period. Advisory Services Network, LLC divested its stake by shedding 100 shares a decrease of 1.2% from 06/30/2017 to 09/30/2017. Advisory Services Network, LLC now controls 8,000 shares with a value of $241,000. The value of the position overall is up by 12.6%.
As of the end of the quarter Winslow, Evans & Crocker, Inc. had sold 5,477 shares trimming its holdings by 29.9%. The value in dollars decreased from $483,956,000 to $385,852,000 a change of 20.3% quarter to quarter. Robeco Institutional Asset Management B.v. reduced its holdings by selling 150,000 shares a decrease of 42.9%. Robeco Institutional Asset Management B.v. now holds 200,000 shares valued at $6,020,000. The total value of its holdings decreased 35.0%.
August 8 investment analysts at Morgan Stanley maintained a stock rating of “Equal-Weight” and raised the price target to $28.00 from $23.00. On October 5 Morgan Stanley maintained a company rating of “Equal-Weight” and raised the price expectation from $28.00 to $30.00.
The company is trading up from yesterday’s close of 32.03. The company also recently declared a dividend for shareholders that was paid on Thursday August 31st, 2017. The dividend payment was $0.520 per share for the quarter or $2.08 on an annualized basis. This dividend amount was represent a yield of $6.49. The ex-dividend date was set for Friday the 18th of August 2017.
Apollo Global Management, LLC C currently has a P/E ratio of 12.59 and market capitalization is 6.23B. As of the last earnings report the EPS was $2.55 and is projected to be $2.50 for the current year with 193,912,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.62 and the next full year EPS is projected to be $2.91.
Apollo Global Management, LLC (Apollo), launched on July 3, 2007, is an alternative 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 Business’s segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment 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..