Apollo Global Management LLC (NYSE:APO), the private-equity company operated by Leon Black, intends to look for $10 billion to $12 billion for a fresh buyout fund, as per reported by two people closely related with the issue.
The company’s eighth main private-equity fund would be lower than its precursor, which generated nearly $15 billion in 2008. The New York-located company, which was established in 1990, needs to officially start marketing the fund afterward this year, one of the person stated, who gave the information on the basis of anonymity as the information was private.
Apollo would be contending with companies like KKR & Co. (KKR) and Carlyle Group LP (CG) among intense competition for client money.
Its competitors include The Blackstone Group L.P. (NYSE:BX) which has market capitalization of 16.73 billion with 1.23 million outstanding shares.
Other financial stocks include Itau Unibanco Holding SA (ADR) (NYSE:ITUB) whose market capitalization remained 75.65 billion, Annaly Capital Management, Inc. (NYSE:NLY) with a market cap. Of 16.71 billion, Regions Financial Corporation (NYSE:RF) having market capitalization of 9.96 billion, American International Group, Inc. (NYSE:AIG) with a market capitalization of 58.82 billion, KeyCorp (NYSE:KEY) with 7.76 billion and The Progressive Corporation (NYSE:PGR) with market capitalization of 12.11 billion.
Apollo Global Management LLC (NYSE:APO) after opening at $13.23 hit high price of $13.44 and then trading at $13.40 by gaining 1% and on current session volume of 71,724.00 Shares.
The stock price volatility was 1.82% for a week and 2.95% for a month as well as price volatility’s Average True Range for 14 days was 0.34.
The liquidity measure in recent quarter results of the company the debt to equity ratio was 5.65 and long-term debt to equity ratio also remained 5.65. The Company had total cash at hand $913.35 million and a book value per share as $6.15 in the most recent quarter.
APO generated revenue of 2.58 billion in the following twelve months and earned $173.17 million. The Company showed a positive 33.59% in the net profit margin and as well as in its operating margin which remained 9.83%. Company’s annual sales growth for the past five year was 62.93%.
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