Time to Sell Apollo Global Management, LLC (APO) After The Completion of This Wedge Down Chart Pattern?

Apollo Global Management, LLC (NYSE:APO) Logo

Investors sentiment decreased to 0.83 in 2018 Q2. Its down 0.51, from 1.34 in 2018Q1. It dived, as 42 investors sold Apollo Global Management, LLC shares while 46 reduced holdings. 25 funds opened positions while 48 raised stakes. 140.88 million shares or 4.97% more from 134.22 million shares in 2018Q1 were reported.
Leuthold Gru Ltd holds 0.08% of its portfolio in Apollo Global Management, LLC (NYSE:APO) for 23,135 shares. Dnb Asset Management As stated it has 0% of its portfolio in Apollo Global Management, LLC (NYSE:APO). 44,553 were reported by Sigma Planning. Boston Advisors Ltd Llc reported 73,442 shares. World Invsts stated it has 0.07% in Apollo Global Management, LLC (NYSE:APO). Mckinley Capital Management Ltd Liability Com Delaware has 1.74% invested in Apollo Global Management, LLC (NYSE:APO). Texas-based Moody Savings Bank Tru Division has invested 0.03% in Apollo Global Management, LLC (NYSE:APO). Iconiq Ltd Com accumulated 102,266 shares. Arbiter Cap Management Ltd Liability Co reported 15,000 shares. Retail Bank Of America De accumulated 3.90M shares. Hillman Co has 6% invested in Apollo Global Management, LLC (NYSE:APO). Md Sass Investors Svcs holds 0.33% or 81,400 shares. Clearbridge Investments Ltd Llc reported 3,000 shares stake. Markel invested 0.54% in Apollo Global Management, LLC (NYSE:APO). Private Advisor Gru Limited Liability, a New Jersey-based fund reported 7,966 shares.

The stock of Apollo Global Management, LLC (APO) formed a down wedge with $25.46 target or 3.00 % below today’s $26.25 share price. The 6 months wedge indicates high risk for the $10.60B company. If the $25.46 price target is reached, the company will be worth $318.12 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 0.76% or $0.2 during the last trading session, reaching $26.25. About 963,023 shares traded. Apollo Global Management, LLC (NYSE:APO) has risen 18.09% since December 6, 2017 and is uptrending. It has outperformed by 2.47% the S&P500.

Analysts await Apollo Global Management, LLC (NYSE:APO) to report earnings on February, 7. They expect $0.45 earnings per share, down 63.11 % or $0.77 from last year’s $1.22 per share. APO’s profit will be $181.78M for 14.58 P/E if the $0.45 EPS becomes a reality. After $0.81 actual earnings per share reported by Apollo Global Management, LLC for the previous quarter, Wall Street now forecasts -44.44 % negative EPS growth.

Apollo Global Management, LLC (NYSE:APO) Ratings Coverage

Among 4 analysts covering Apollo Global Management (NYSE:APO), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Apollo Global Management had 6 analyst reports since July 12, 2018 according to SRatingsIntel. The stock of Apollo Global Management, LLC (NYSE:APO) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, November 14. The firm has “Outperform” rating given on Wednesday, July 18 by Oppenheimer. The firm earned “Buy” rating on Thursday, October 25 by Citigroup. Credit Suisse maintained the shares of APO in report on Friday, September 21 with “Neutral” rating. On Thursday, July 12 the stock rating was maintained by Morgan Stanley with “Overweight”. Citigroup maintained Apollo Global Management, LLC (NYSE:APO) rating on Thursday, November 1. Citigroup has “Buy” rating and $38 target.

More notable recent Apollo Global Management, LLC (NYSE:APO) news were published by: Globenewswire.com which released: “Apollo to Present at the Goldman Sachs Financial Services Conference – GlobeNewswire” on November 27, 2018, also Streetinsider.com with their article: “Apollo, Leon Black say ex-partner’s theft shows ‘betrayal’ – StreetInsider.com” published on November 19, 2018, Seekingalpha.com published: “Stocks To Watch: Favorable Trade Winds? – Seeking Alpha” on December 01, 2018. More interesting news about Apollo Global Management, LLC (NYSE:APO) were released by: Seekingalpha.com and their article: “Credit markets have gone to `bubble status’ says Apollo’s Black – Seeking Alpha” published on December 05, 2018 as well as Streetinsider.com‘s news article titled: “Exclusive: Kids clothing retailer Gymboree weighs closing half its stores – sources – StreetInsider.com” with publication date: November 27, 2018.

Apollo Global Management, LLC is a publicly owned investment manager. The company has market cap of $10.60 billion. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It has a 16.33 P/E ratio. It manages client focused portfolios.

Apollo Global Management, LLC (NYSE:APO) Institutional Positions Chart

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