ATH - Athene Holding Ltd.

NYSE - NYSE Delayed Price. Currency in USD
42.55
+0.26 (+0.61%)
At close: 4:01PM EDT
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Previous Close42.29
Open42.70
Bid42.21 x 800
Ask42.57 x 800
Day's Range42.52 - 43.36
52 Week Range36.00 - 53.92
Volume1,989,154
Avg. Volume1,266,393
Market Cap7.982B
Beta (3Y Monthly)0.99
PE Ratio (TTM)4.27
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • General Electric's (GE) GECAS Unit to Divest PK AirFinance
    Zacks

    General Electric's (GE) GECAS Unit to Divest PK AirFinance

    General Electric's (GE) financial services unit GE Capital's divestment of PK AirFinance will help it progress on its plan to divest assets worth $10 billion in 2019.

  • General Electric Takes Another Step In Massive Turnaround Campaign
    Investor's Business Daily

    General Electric Takes Another Step In Massive Turnaround Campaign

    GE's Capital Aviation Services unit is selling its PK AirFinance business to Apollo Global Management and Athene Holding.

  • GE Capital Sells PK AirFinance to APO and ATH
    Market Realist

    GE Capital Sells PK AirFinance to APO and ATH

    Today, General Electric announced the sale of GE Capital's PK AirFinance to Apollo Global Management and Athene Holding. All three stocks rose on the news.

  • GE sells aviation lending unit to Apollo, Athene
    American City Business Journals

    GE sells aviation lending unit to Apollo, Athene

    GE has been significantly downsizing GE Capital, once one of the largest financial services companies in the U.S., for years.

  • GE Sells $3.6 Billion Air Finance Asset to Apollo, Athene
    Bloomberg

    GE Sells $3.6 Billion Air Finance Asset to Apollo, Athene

    (Bloomberg) -- General Electric Co. agreed to sell an aircraft-financing business to Apollo Global Management LLC and Athene Holding Ltd. as the ailing manufacturer slims down its once-vast lending arm.Apollo will acquire PK AirFinance, a subsidiary of GE’s broader aircraft-leasing business known as Gecas, while Athene will buy a related portfolio of loans, the companies said Thursday in a statement. The deal is expected to close in the fourth quarter.While financial terms of the deal weren’t disclosed, the companies said that $3.6 billion of PK AirFinance’s financing receivables would be sold above book value. Bloomberg News reported last month that Apollo and Starwood Capital Group were among the bidders for the unit, in a deal that could fetch around $4 billion.The sale accelerates the dismantling of GE’s finance operation as Chief Executive Officer Larry Culp reorients the company around equipment manufacturing. GE has been moving away from lending since the 2008 financial crisis, though it has resisted selling its aircraft-leasing assets.“This sale is aligned to GE Capital’s overall strategy to become smaller and simpler, and our commitment to reduce our assets by $10 billion in 2019 is now more than halfway complete,” GE Capital CEO Alec Burger said in the statement. The company continues to focus on reducing its debt-to-equity ratio, he said.What Bloomberg Intelligence Says“General Electric continues to seek opportunities to raise cash, with the PK AirFinance sale another positive step toward shrinking its finance subsidiary. We expect GE to keep most of Gecas and may still divest some smaller units.”\-- Karen Ubelhart, Christina Constantino, industry analystsClick here to read the researchGE shares rose 2.3% to $8.13 at 12:28 p.m. in New York. The stock had climbed 9.1% this year through Wednesday, having dropped sharply in the past two weeks after accounting investigator Harry Markopolos accused the company of fraud. GE denied the allegation. The S&P 500 Index has advanced 15% this year.Apollo, which has sought $1 billion for a new aircraft-finance fund, had previously expressed interest in GE’s jet-leasing assets. Culp has said he doesn’t intend to sell all of GE Capital Aviation Services, which is one of the world’s largest plane-leasing companies.PK AirFinance specializes in loans secured by commercial aircraft, engines and helicopters. It has exposure to more than 320 planes and more than 50 engines across the globe, with a principal focus on Asia, Europe, the Middle East and Africa. The company’s investment employees will move to Apollo.The operation traces its roots to 1979, when it was established by a Swedish bank that dubbed the business, PK-Banken. In 1988, the company was renamed Crédit Lyonnais/PK Airfinance after the French lender acquired a majority stake. GE bought the unit in 2000.(Updates with analyst’s comment in quote box)To contact the reporter on this story: Richard Clough in New York at rclough9@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Tony RobinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of ATH.N earnings conference call or presentation 5-Aug-19 2:00pm GMT

    Q2 2019 Athene Holding Ltd Earnings Call

  • Alan Fournier Exits Athene, Trims Alphabet
    GuruFocus.com

    Alan Fournier Exits Athene, Trims Alphabet

    Guru's largest sales of the 2nd quarter Continue reading...

  • Did You Manage To Avoid Athene Holding's (NYSE:ATH) 23% Share Price Drop?
    Simply Wall St.

    Did You Manage To Avoid Athene Holding's (NYSE:ATH) 23% Share Price Drop?

    It's easy to match the overall market return by buying an index fund. When you buy individual stocks, you can make...

  • Athene (ATH) Q2 2019 Earnings Call Transcript
    Motley Fool

    Athene (ATH) Q2 2019 Earnings Call Transcript

    ATH earnings call for the period ending June 30, 2019.

  • Athene Holding Ltd. (ATH) Q2 Earnings Beat Estimates
    Zacks

    Athene Holding Ltd. (ATH) Q2 Earnings Beat Estimates

    Athene Holding Ltd. (ATH) delivered earnings and revenue surprises of 7.73% and -0.42%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Athene Holding Ltd. (ATH) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Athene Holding Ltd. (ATH) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Athene Holding Ltd. (ATH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GuruFocus.com

    5 Cheap Stocks With Low Price-Earnings Ratios

    Micron on the list Continue reading...

  • KG Funds Management’s Return, AUM, and Holdings
    Insider Monkey

    KG Funds Management’s Return, AUM, and Holdings

    KG Funds Management is an event-driven hedge fund established in December 2008, with its headquarters in New York. The fund was co-founded by Ike Kier, the current CEO, and Ilya Zaides, its present CIO and Portfolio Manager. Ilya Zaides holds a bachelor’s degree in Economics from Berkeley University of California, and J.D. from New York […]

  • Is Athene Holding Ltd. (ATH) A Good Stock To Buy?
    Insider Monkey

    Is Athene Holding Ltd. (ATH) A Good Stock To Buy?

    Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]

  • Thomson Reuters StreetEvents

    Edited Transcript of ATH.N earnings conference call or presentation 7-May-19 2:00pm GMT

    Q1 2019 Athene Holding Ltd Earnings Call

  • Reuters

    New York state regulator investigating pension transfer deals -sources

    New York state's financial regulator has subpoenaed four insurance brokers as part of a broad investigation into an industry in which life insurers take over corporate pension plans from companies that want to offload them, according to two people familiar with the matter. At issue is whether brokers, who help put such deals together, solicited insurers who are not licensed in New York to take on the pension transfers, the people familiar with the matter said. The New York State Department of Financial Services (NYDFS), on Wednesday, issued subpoenas to units of Morgan Stanley , Aon PLC , Willis Towers Watson PLC and Mercer, a unit of Marsh & McLennan Companies Inc , seeking documents about their communications with insurer Athene Holding Inc about "pension risk transfer" transactions, the people said.

  • Athene (ATH) Q1 2019 Earnings Call Transcript
    Motley Fool

    Athene (ATH) Q1 2019 Earnings Call Transcript

    ATH earnings call for the period ending March 31, 2019.

  • Athene Holding Ltd. (ATH) Lags Q1 Earnings and Revenue Estimates
    Zacks

    Athene Holding Ltd. (ATH) Lags Q1 Earnings and Revenue Estimates

    Athene Holding Ltd. (ATH) delivered earnings and revenue surprises of -11.76% and -5.05%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Athene Holding Ltd. (ATH) Earnings Expected to Grow: Should You Buy?
    Zacks

    Athene Holding Ltd. (ATH) Earnings Expected to Grow: Should You Buy?

    Athene Holding Ltd. (ATH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Athene Holding Ltd. (ATH) to Report Q1 Results: Wall Street Expects Earnings Growth
    Zacks

    Athene Holding Ltd. (ATH) to Report Q1 Results: Wall Street Expects Earnings Growth

    Athene Holding Ltd. (ATH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Here’s What Hedge Funds Think About Athene Holding Ltd. (ATH)
    Insider Monkey

    Here’s What Hedge Funds Think About Athene Holding Ltd. (ATH)

    Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The fourth quarter of 2018 is one of those periods, as the Russell […]