32.20 +0.11 (0.34%)
Pre-Market: 7:00AM EDT
|Bid||31.05 x 900|
|Ask||33.50 x 1100|
|Day's Range||31.71 - 32.28|
|52 Week Range||25.61 - 37.35|
|PE Ratio (TTM)||16.09|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||1.95 (6.08%)|
|1y Target Est||38.54|
Of the 15 analysts covering Apollo Global Management (APO) in June, five have recommended “strong buys,” and seven have recommended “buys” on its stock. Apollo Global doesn’t have any “sell” or “strong sell” ratings, but it has three “hold” ratings. Moving forward, Apollo Global is expected to witness fewer “buy” ratings primarily because of the outlook for its Private Equity segment.
A bankruptcy judge Wednesday ordered an expanded sales process for Claire’s Stores Inc., a debt-riddled retailer that creditors believe is already on the comeback trail. ordered Claire’s to open up its sale process “to any and all bids,” with full information about the prospects for growth and profits for the seller of jewelry and accessories to teens and young women. A second major retailer is exploring a concession opportunity with Claire’s, which could power growth and profits, according to evidence at a bankruptcy court hearing Wednesday.
The stock price of ADT (ADT) witnessed falling momentum in the first quarter, which primarily affected the performance of the company’s Private Equity segment. Lower equity markets impact the overall asset management industry as asset managers (XLF) generate lower base fees, which further reduces their revenue.
Apollo Global Management’s (APO) PE ratio is 12.39x on a next-12-month basis, which suggests that its valuation is trading at a premium to the peer average of 9.65x. Apollo Global’s peers have the following PE ratio on a next-12-month basis: The Blackstone Group (BX): 10.55x KKR & Co. (KKR): 9.83x The Carlyle Group (CG): 8.58x
What’s helped the Real Assets segment? At the end of first quarter, Apollo Global Management’s (APO) Real Assets segment had total AUM (assets under management) of $13 billion. Apollo Global’s Real Assets segment is affected by movements in interest rates, as these movements can make real estate prices volatile.
A rise in the interest rate by the Fed could reduce the value of the current credit holdings of alternative asset managers, affecting their businesses and credit divisions.
Apollo Global Management LLC has formed an energy-focused blank-check company to invest in oil and gas pipeline infrastructure in North America, according to people familiar with the matter. The New York-based firm has confidentially registered a special purpose acquisition company, or SPAC, with the U.S. Securities and Exchange Commission, said the people, who asked to not be identified because the matter isn’t public. Apollo has a management team in place for the SPAC, which aims to raise capital this year, the people said.
Apollo Global Management’s (APO) Private Equity segment ended the first quarter with total AUM (assets under management) of $69 billion. In the quarter, the company witnessed some negative effects resulting from the segment’s underperformance.
Apollo Global’s Q2 2018 EPS will likely represent a rise both sequentially and year-over-year. Alternative asset managers could witness falls in their deployment activities in the second quarter primarily due to higher valuations. Apollo Global is expected to report revenue amounting to $618.5 million in the second quarter, while its competitors (XLF) Blackstone Group (BX), Carlyle Group (CG), and KKR & Co. (KKR) are expected to post revenues of $1.7 billion, $715.3 million, and $984.9 million, respectively, in Q2 2018.
Companies can now embed a carousel of images, audio, video and live streaming into their press releases and web pages to tell a more complete brand story and increase engagement with media, investors and ...
OMAHA, Neb., June 08, 2018-- West Corporation, a global leader in technology-enabled services, introduces Media Snippets, customizable content modules that can be seamlessly embedded into press releases, ...
Don’t try to shortchange Jay Wintrob or Mark Brodsky in bankruptcy court when your retail buyout goes bust. Wintrob’s Oaktree Capital Group and Brodsky’s Aurelius Capital Management are kicking back at private equity owners in separate Chapter 11 cases, as investors lose patience for tactics that buyout firms use to reduce their own risks. Oaktree is contesting Apollo Global Management LLC’s role in restructuring Claire’s Stores Inc., while Aurelius is zeroed in on plans by Sycamore Partners to turn around Nine West Holdings Inc. Both funds claim the sponsors deprived other creditors of fair recoveries, either by extracting assets before the cases reached court or through their reorganization strategies afterward.
Apollo Global Management, LLC , announced today that Scott Kleinman, Co-President and Lead Partner, Private Equity, will present at the Morgan Stanley Financials Conference in New York on Wednesday, June 13, 2018 at 11:45 am ET.
FT. WORTH , Texas and DENVER, Colo. , June 5, 2018 /PRNewswire/ -- Double Eagle Energy Holdings III LLC ("Double Eagle") of Ft. Worth, Texas and FourPoint Energy ("FourPoint") of Denver, ...
Moody's Investors Service has withdrawn the A2 insurance financial strength (IFS) rating, under review for downgrade, of Voya Insurance and Annuity Company. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.
Former Voya Closed Block Variable Annuity Business Launches Today as Standalone Company WEST CHESTER, Pa. , June 1, 2018 /PRNewswire/ -- Venerable Holdings, Inc. ("Venerable") today announced ...
Moody's Investor's Service ("Moody's") downgraded its ratings for Mood Media Borrower, LLC (Mood Media), including the company's Corporate Family Rating (CFR, to Caa3 from B3) and Probability of Default Rating (PDR, to Caa3-PD from B3-PD), and the rating for its senior secured second lien notes (to Ca from Caa1). "The downgrades reflect significant deterioration in liquidity, a deemed untenable capital structure given the company's substantial debt service burden, and ensuing heightened risk of default and potentially material impairment of creditor claims in an event of default scenario," according to Moody's analyst Jonathan Teitel.
West Corporation (“West” or the “Company”), a global leader in technology-enabled services, announced today it has acquired the assets of AVOKE from Raytheon Company (RTN). AVOKE provides true end-to-end call experience analytics, enhancing West’s comprehensive portfolio of voice, text and unified communication solutions. AVOKE enables complete visibility into a customer call from the first ring to call completion – across all interactive voice response (“IVR”) systems and transfers.
U.S. private equity firms are raising record amounts of money in the global market. Congress could derail their gravy train. In the name of national security, lawmakers are debating a bill that would tighten scrutiny of investments from other countries.
The price-to-earnings ratio for The Blackstone Group (BX) stood at 10.50x on an NTM (next-12-month) basis while its peer average stood at 10.21x. The company’s competitors KKR & Company (KKR), Carlyle Group (CG), and Apollo Global Management (APO) have price-to-earnings ratios of 9.94x, 8.47x, and 12.23x, respectively, on an NTM basis.
NEW YORK, May 31, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cresud ...
This May, The Blackstone Group (BX) has been covered by 14 analysts. Seven recommend a “strong buy” for the stock. However, six analysts have given “buy” ratings, and the remaining analyst is recommending a “hold.” Over the past few months, ratings have remained constant. In 2018, the company’s credit division could be negatively impacted by the Federal Reserve’s decision to hike interest rates.
In the second quarter, The Blackstone Group (BX) is expected to witness a decline in deployments compared to the first quarter—primarily because of higher valuations that reduce deployment opportunities. Fewer deployments would, in turn, lead to a rise in available capital for investments, which might concern investors. According to Wall Street analysts, Blackstone is expected to report earnings per share or EPS of $0.73 in the second quarter, which represents a rise sequentially as well as year-over-year or YoY. Blackstone is expected to report revenues amounting to $1.73 billion in the second quarter, reflecting an increase from the same period of the prior year.
The performance of the Blackstone Group’s (BX) credit division is affected mainly by outflows. In the first quarter, the debt markets witnessed outflows primarily because of expectations for higher interest rates. Whenever interest rates rise, current holdings witness a dip in prices, which hurts the alternative asset managers’ credit divisions.
The Blackstone Group’s (BX) business is sensitive to global factors that directly or indirectly impact the overall financial markets. The performance of traditional asset managers like State Street Corporation (STT) and T.Rowe Price Group (TROW) and alternatives like Blackstone, Carlyle Group (CG), and KKR & Company (KKR) primarily depend on investment performance. This metric helps asset managers attract investors, which would boost inflows.