|Bid||32.18 x 300|
|Ask||33.16 x 100|
|Day's Range||32.82 - 33.75|
|52 Week Range||21.39 - 37.35|
|PE Ratio (TTM)||10.83|
|Forward Dividend & Yield||2.06 (6.06%)|
|1y Target Est||N/A|
Activist fund Jana Partners is sinking its teeth into Jack in the Box, saying the US fast-food chain’s shares are “undervalued and represent an attractive investment opportunity.” Jana said in a regulatory ...
Moody's Investors Service, ("Moody's") today downgraded CEC Entertainment Inc.'s ("CEC") Speculative Grade Liquidity Rating to SGL-2 from SGL-1. The company's B3 Corporate Family Rating, ...
Reports of PGGM’s involvement in Apollo Global Management’s bid for Akzo Nobel’s specialty-chemicals business could bolster the overture.
Rising U.S. government spending on the Pentagon is fueling a spree of deal making among defense companies. The U.S. Republican party's willingness to boost the Pentagon's budget to nearly $700 billion last year, helped by December's corporate tax cuts, is also pushing up valuations for even lesser known companies in the sector and making sellers more willing to entertain overtures. On Monday, the same day that U.S. President Donald Trump presented his second annual federal budget proposal, weapons maker General Dynamics Corp. said it was buying CSRA Inc to expand its government services business.
COPENHAGEN/STOCKHOLM (Reuters) - Danish telecoms company TDC (TDC.CO) urged investors on Monday to back a $6.7 billion (4.84 billion pounds) cash offer from Australia's Macquarie (MQG.AX) and three Danish pension funds who promised to invest in the country's digital infrastructure. Speculation about TDC as a target for both private equity and industry players such as Sweden's Telia (TELIA.ST) had long been circulating but sources told Reuters that its Swedish rival opted against bidding because of antitrust challenges. TDC has now thrown its weight behind a consortium consisting of Macquarie Infrastructure and Real Assets (MIRA) and Danish pension funds PFA, ATP and PKA pitched at 50.25 Danish crowns ($8.28) per share valuing the group at around 40 billion crowns.
Apollo Global Management LLC co-founder Josh Harris sold a fraction of his stake in the alternative asset giant for about $153 million.
Moody's Investors Service, ("Moody's") has upgraded Momentive Performance Materials Inc.'s (Momentive) Corporate Family Rating (CFR) to B2 from Caa1. At the same time, Moody's upgraded the rating ...
BlackRock is looking to raise more than $10 billion that it would use to buy and hold stakes in companies, replicating the approach of Warren Buffett’s Berkshire Hathaway.
Hamilton Lane Inc. touted the benefits of being a “C-corporation” on its earnings call Tuesday, a statement that will likely intensify the debate around whether other listed private-equity firms should ...
Fort Worth oil and gas company Double Eagle Energy Holdings III has raised $1 billion in its ongoing partnership with investment giant Apollo Global Management to acquire acreage positions in the Permian Basin. The investment comes almost one year after Double Eagle's founders John Sellers and Cody Campbell sold their predecessor company, Double Eagle Energy II, to Austin's Parsley Energy (PE) for about $2.8 billion. Sellers and Cody created Double Eagle III in August with support from Apollo to pursue a similar strategy but on a "significantly larger scale," the company said at the time.
Alternative asset managers Apollo Global Management LLC and Blackstone Group LP reported better-than-expected quarterly earnings on Thursday, as a U.S. stock market rally buoyed the value of their private equity holdings. With the S&P 500 rising 6.1 percent in the final three months of 2017, the index's best quarter in two years, corporate valuations rose, helping Apollo and Blackstone book hefty gains on the companies owned by their buyout divisions. The bull market came in a year in which investors poured more cash into private equity, boosting asset-based fee revenues.
Private equity giants like Apollo and Blackstone are eyeing insurance as their next big disruption of Wall Street.
Capital market firms such as APO are hard to value. This is because the rules they face are different to other companies, which can impact the way we forecast theirRead More...
Shares of both Blackstone Group (BX) and Apollo Global Management (APO) have had market-beating gains this year, amid a time of record-setting fundraising in the private-equity industry as investors seek alternatives to an almost nine-year-old bull market in stocks. Earnings per share at Blackstone, the world's largest private equity firm, were 71 cents, three cents higher than the 68 cents estimate, according to Bloomberg data. At rival Apollo, the beat was much greater : the company earned $1.22, beating an estimate of 67 cents. On a day when the Dow Jones Industrial Average is basically flat, shares of Blackstone are up almost 2.% and Apollo's shares have gained 3.7% This year, shares of the two firms have taken off like a rocket: Blackstone is up 14.4% and Apollo is up 10.2% The Financial Sector Select SPDR ETF (XLF) is up just 6%, while the Dow 30 are up 5%.
Apollo Global Management reported rising assets under management and advisory fee growth in its latest quarter as the firm readies to invest its largest fund to date.
Private-equity firms Blackstone Group (BX) and Apollo Global Management (APO) are scheduled to report earnings Thursday morning before markets open. Blackstone is expected to report adjusted fourth-quarter earnings of 68 cents per share on revenues of $1.7 billion. On the eve of earnings day, Blackstone announced that it is leading a group of investors buying a 55% percent stake in Thomson-Reuters' financial-data unit in a deal that values the business at $20 billion.
Apollo Global (APO) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
Shares of Apollo Global Management (APO) have 26% upside and a 14% downside if the private-equity firm converts its corporate structure to to C-Corp status, writes Morgan Stanley in a report released early Tuesday. In the report, Morgan Stanley analyst Michael Cyprys contends that Apollo's shares stand to gain the most of the so-called alternative asset managers from a chance in corporate status from the current publicly-traded partnership status. By contrast, shares of Blackstone (BX), Carlyle Group (CG), and KKR & Co. (KKR) should see "less of an impact to potential upside" because of the nature of their businesses, the report added.
The public offering of ADT Inc (NYSE:ADT) has gotten off to a rocky start. For its debut, the company priced 105 million shares at $14 each, which was well below the $17-to-$19 range. Unfortunately, it looks like this move was not enough as ADT stock is off about 7% since its IPO.
ADT’s shares took off to a shaky start Friday, after an IPO that gives investors the opportunity to buy shares in a company familiar to many Americans, thanks to the sight of its blue octagonal logo on ...
Moody's Investors Service assigned a B2 Corporate Family Rating (CFR) and a B2-PD Probability of Default Rating (PDR) to Phoenix Services International LLC (Phoenix Services). In addition, Moody's assigned ...
Learn about ADT Corporation and its competitive position in the North American market for monitored security and home automation services.