What’s Propelling Apollo Global Management LLC (APO) to Decrease? The Stock Formed a Ascending Triangle Chart Pattern

June 20, 2017 - By Marry Poplack

Investors sentiment decreased to 1.08 in Q4 2016. Its down 0.11, from 1.19 in 2016Q3. It dived, as 22 investors sold Apollo Global Management LLC shares while 39 reduced holdings. 28 funds opened positions while 38 raised stakes. 105.52 million shares or 4.52% less from 110.52 million shares in 2016Q3 were reported.
Pinebridge Lp reported 0.03% of its portfolio in Apollo Global Management LLC (NYSE:APO). Cantab Capital Ltd Liability Partnership reported 41,580 shares or 0% of all its holdings. Concourse Mgmt Limited Liability reported 302,552 shares stake. Us Financial Bank De invested in 250 shares or 0% of the stock. 22.59 million were reported by California Employees Retirement. Susquehanna Intll Group Limited Liability Partnership has invested 0% in Apollo Global Management LLC (NYSE:APO). Citadel Ltd Co has 0% invested in Apollo Global Management LLC (NYSE:APO) for 19,427 shares. Airain Ltd holds 59,448 shares or 0.09% of its portfolio. Oakworth Cap reported 1,850 shares stake. Ancora Advsr Limited Liability Corporation reported 0.01% in Apollo Global Management LLC (NYSE:APO). Tci Wealth reported 0.04% in Apollo Global Management LLC (NYSE:APO). Moreover, Cacti Asset Mgmt Ltd Llc has 0.07% invested in Apollo Global Management LLC (NYSE:APO). Mariner Wealth Limited Liability has invested 0.36% in Apollo Global Management LLC (NYSE:APO). Karpas Strategies invested 0.23% of its portfolio in Apollo Global Management LLC (NYSE:APO). Chemical Bancorp accumulated 0.03% or 12,300 shares.

The stock of Apollo Global Management LLC (APO) formed an ascending triangle with $27.28 target or 4.00 % below today’s $28.42 share price. The 8 months triangle pattern indicates high risk for the $5.43B company. If the $27.28 price target is reached, the company will be worth $217.20M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 3.31% or $0.91 during the last trading session, reaching $28.42. About shares traded. Apollo Global Management LLC (NYSE:APO) has risen 63.33% since June 20, 2016 and is uptrending. It has outperformed by 46.63% the S&P500.

Analysts await Apollo Global Management LLC (NYSE:APO) to report earnings on August, 2. They expect $0.54 EPS, down 44.90 % or $0.44 from last year’s $0.98 per share. APO’s profit will be $103.17 million for 13.16 P/E if the $0.54 EPS becomes a reality. After $0.82 actual EPS reported by Apollo Global Management LLC for the previous quarter, Wall Street now forecasts -34.15 % negative EPS growth.

Apollo Global Management LLC (NYSE:APO) Ratings Coverage

Among 14 analysts covering Apollo Global Management (NYSE:APO), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Apollo Global Management had 36 analyst reports since July 30, 2015 according to SRatingsIntel. Deutsche Bank maintained Apollo Global Management LLC (NYSE:APO) on Friday, March 11 with “Hold” rating. The stock of Apollo Global Management LLC (NYSE:APO) has “Hold” rating given on Friday, January 8 by Deutsche Bank. As per Tuesday, August 11, the company rating was initiated by Goldman Sachs. Wood maintained Apollo Global Management LLC (NYSE:APO) on Monday, July 11 with “Market Perform” rating. The firm earned “Buy” rating on Thursday, February 4 by UBS. Argus Research maintained it with “Buy” rating and $24 target in Friday, August 12 report. The stock of Apollo Global Management LLC (NYSE:APO) has “Sector Perform” rating given on Tuesday, May 24 by RBC Capital Markets. Jefferies initiated it with “Hold” rating and $19 target in Thursday, December 10 report. As per Thursday, August 4, the company rating was maintained by Deutsche Bank. The rating was maintained by Argus Research on Thursday, July 30 with “Buy”.

More important recent Apollo Global Management LLC (NYSE:APO) news were published by: Gurufocus.com which released: “Chase Coleman Buys Apollo Global Management LLC, TransDigm Group Inc, Domino’s …” on May 25, 2017, also Marketwatch.com published article titled: “Tribune Media, McClatchy and Tegna sell stakes in CareerBuilder to Apollo …”, Reuters.com published: “Apollo Global in advanced talks to buy jobs website CareerBuilder: sources” on May 23, 2017. More interesting news about Apollo Global Management LLC (NYSE:APO) was released by: Reuters.com and their article: “Apollo Global-led investor group to buy CareerBuilder” with publication date: June 19, 2017.

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