Today I’m reviewing a large-cap asset management firm. It’s name is Apollo Global Management It’s trading ticker symbol is APO. I last reviewed APO March 16th.
Apollo Global Management LLC is an alternative asset management company. It invests and manages funds on behalf of prominent pension, endowment and sovereign wealth funds as well as other institutional and individual investors.
It manages client focused portfolios. The firm launches and manages hedge funds for its clients. It also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe.
It employs a combination of contrarian, value, and distressed strategies to make its investments. The firm seeks to make investments in the range of $10 million and $1.5 billion. The firm conducts an in-house research to create its investment portfolio. It seeks to acquire minority and majority positions in its portfolio companies.
Apollo Global Management, LLC was founded in 1990 and is headquartered in New York City, with additional offices in New York City; Bethesda, Maryland; Chicago, Illinois; Los Angeles, California; Purchase, New York; Houston, Texas; London, United Kingdom; Frankfurt, Germany; Central, Hong Kong; Singapore; and Luxembourg.
I use three key data points to gauge the value of any dividend equity or fund like Apollo Global Management LLC:Â
(1) Price
(2) Dividends
(3) Returns
Besides those three, four more keys will finally unlock an equity or fund in which to invest.
But those first three primary keys, best tell whether a company has made, is making, and will make money.Â
APO Price
Apollo’s price per share was $34.09 at yesterday’s market close. A year ago its price was $28.83 for a gain of $5.36 per share. Â
Assuming Apollo’s price will trade in the range of $28 to $40 next year, its price could make that same $5.36 gain or better from its current $34.09 price to $39.45 by early August 2019.Â
