Citigroup Com New (C) Holder Mayo Investment Advisers Has Cut Stake by $1.61 Million; Hmi Capital Increases Stake in Apollo Global Mgmt (APO)

August 12, 2018 - By Robert Shackelford

Apollo Global Management, LLC (NYSE:APO) Logo

Hmi Capital Llc increased its stake in Apollo Global Mgmt Llc (APO) by 11.46% based on its latest 2018Q1 regulatory filing with the SEC. Hmi Capital Llc bought 464,814 shares as the company’s stock declined 7.41% with the market. The hedge fund held 4.52 million shares of the finance company at the end of 2018Q1, valued at $133.85 million, up from 4.05 million at the end of the previous reported quarter. Hmi Capital Llc who had been investing in Apollo Global Mgmt Llc for a number of months, seems to be bullish on the $13.96B market cap company. The stock decreased 1.57% or $0.55 during the last trading session, reaching $34.54. About 461,623 shares traded. Apollo Global Management, LLC (NYSE:APO) has risen 14.36% since August 12, 2017 and is uptrending. It has outperformed by 1.79% the S&P500. Some Historical APO News: 11/04/2018 – FIRSTGROUP – APOLLO MUST, BY NOT LATER THAN 5.00 P.M. ON 9 MAY, EITHER ANNOUNCE FIRM INTENTION TO MAKE OFFER FOR CO OR ANNOUNCE IT DOES NOT INTEND TO; 16/03/2018 – APOLLO’S FRESH MARKET SELLS $125 MILLION BOND TO REFINANCE DEBT; 02/05/2018 – Apollo Global approaches Xerox about possible acquisition; 10/05/2018 – APOLLO TYRES 4Q REV. 39.8B RUPEES; 30/04/2018 – Apollo Looking to Build a `GE Capital of Tomorrow,’ Zelter Says; 29/05/2018 – MEDIA-HNA’s Spanish hotelier stake attracts Elliott, Apollo interest – Bloomberg; 16/04/2018 – THE CARLYLE GROUP SAYS BEFORE JOINING CARLYLE, TAYLOR BOSWELL WORKED AT APOLLO GLOBAL MANAGEMENT; 30/05/2018 – APOLLO HOSPITALS ENTERPRISE LTD APLH.NS – RECOMMENDED DIVIDEND OF 5 RUPEES PER SHARE; 12/03/2018 – APOLLO TO OFFER PFD SHRS; 20/04/2018 – PRIVATE-EQUITY FIRM APOLLO GLOBAL MANAGEMENT IS PREPARING TO TAKE DIAMOND RESORTS PUBLIC IN THE COMING MONTHS – WSJ, CITING

Mayo Investment Advisers Llc decreased its stake in Citigroup Inc Com New (C) by 24.99% based on its latest 2018Q1 regulatory filing with the SEC. Mayo Investment Advisers Llc sold 23,995 shares as the company’s stock declined 11.86% with the market. The institutional investor held 72,020 shares of the major banks company at the end of 2018Q1, valued at $4.86M, down from 96,015 at the end of the previous reported quarter. Mayo Investment Advisers Llc who had been investing in Citigroup Inc Com New for a number of months, seems to be less bullish one the $176.82B market cap company. The stock decreased 2.39% or $1.72 during the last trading session, reaching $70.26. About 20.24M shares traded or 24.19% up from the average. Citigroup Inc. (NYSE:C) has risen 10.48% since August 12, 2017 and is uptrending. It has underperformed by 2.09% the S&P500. Some Historical C News: 11/05/2018 – MOVES-Barclays hires Citigroup’s Clements, beefs up US CLO platform; 06/03/2018 – Citi predicts a big rally for Herbalife now that risk of Ackman bashing is over; 08/03/2018 – MOVES-Citi Private Bank names Thomas Schlaus Zurich team leader; 09/05/2018 – ♫ Reuters Insider – Breakingviews TV: Citi heat; 12/04/2018 – NXP SEMICONDUCTORS NV NXPI.O : CITIGROUP RAISES TARGET PRICE TO $127.50 FROM $111; 25/03/2018 – Citigroup to Again Be a Nationwide Bank, but in Digital Form; 07/05/2018 – Last Week’s Trade Talks ‘Too Demanding,’ Citigroup’s Liu Li-Gang Says (Video); 25/05/2018 – UK MAY PUBLIC INFLATION EXPECTATIONS FOR NEXT 5-10 YEARS RISE TO 3.2 PCT FROM 3.1 PCT – CITI/YOUGOV; 09/04/2018 – Citigroup 4Q 2017 Net Loss Revised to $18.89 Billion From $18.3 Billion; 10/05/2018 – FINOS Elects IHS Markit and Citi Executives as Chair and Vice Chair of Board

Investors sentiment increased to 1.34 in 2018 Q1. Its up 0.12, from 1.22 in 2017Q4. It improved, as 21 investors sold APO shares while 53 reduced holdings. 43 funds opened positions while 56 raised stakes. 134.22 million shares or 0.87% more from 133.07 million shares in 2017Q4 were reported. Bank Of Mellon has invested 0% in Apollo Global Management, LLC (NYSE:APO). Burney invested 0.18% of its portfolio in Apollo Global Management, LLC (NYSE:APO). Beck Mack And Oliver Ltd Company owns 3.10 million shares. Hsbc Holding Public Limited Company invested in 0% or 23,867 shares. 22,712 were accumulated by Bnp Paribas Asset Mgmt Holdings Sa. Guggenheim Cap Limited Liability Company owns 49,769 shares for 0% of their portfolio. Stratos Wealth Limited accumulated 5,202 shares or 0.01% of the stock. Destination Wealth Mgmt reported 2,077 shares stake. Cibc Ww reported 0.01% stake. Beck Llc reported 129,403 shares or 1.76% of all its holdings. First Midwest Comml Bank Tru Division invested in 0.03% or 7,145 shares. 42,700 are owned by Gmt Capital. Assetmark, California-based fund reported 210 shares. Wells Fargo & Mn has 268,520 shares. Baldwin Brothers Inc Ma holds 0.07% of its portfolio in Apollo Global Management, LLC (NYSE:APO) for 15,120 shares.

More notable recent Apollo Global Management, LLC (NYSE:APO) news were published by: Investorplace.com which released: “Musk’s Buyout Tweet Is Not Good News for Tesla Shareholders” on August 09, 2018, also Seekingalpha.com with their article: “WSJ: Alcoa spin-out Arconic draws LBO interest” published on July 14, 2018, Seekingalpha.com published: “Arconic spikes 11% on WSJ report suggesting strong PE interest” on July 25, 2018. More interesting news about Apollo Global Management, LLC (NYSE:APO) were released by: Seekingalpha.com and their article: “Apollo Global funds to invest $200M in water services for oil & gas industry” published on August 01, 2018 as well as 247Wallst.com‘s news article titled: “Why LifePoint Is Surging” with publication date: July 23, 2018.

Among 16 analysts covering Apollo Global Management (NYSE:APO), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Apollo Global Management had 68 analyst reports since July 30, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 4 report. The company was maintained on Monday, August 17 by Deutsche Bank. The rating was maintained by Keefe Bruyette & Woods on Thursday, February 1 with “Buy”. Goldman Sachs upgraded Apollo Global Management, LLC (NYSE:APO) on Wednesday, January 4 to “Buy” rating. The firm has “Overweight” rating given on Tuesday, April 10 by Morgan Stanley. The rating was downgraded by Citigroup to “Hold” on Friday, January 19. Deutsche Bank maintained the stock with “Hold” rating in Thursday, June 16 report. The company was maintained on Monday, October 26 by RBC Capital Markets. On Thursday, August 3 the stock rating was maintained by Credit Suisse with “Neutral”. Argus Research maintained the shares of APO in report on Friday, August 12 with “Buy” rating.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on October, 11. They expect $1.66 earnings per share, up 16.90% or $0.24 from last year’s $1.42 per share. C’s profit will be $4.18B for 10.58 P/E if the $1.66 EPS becomes a reality. After $1.62 actual earnings per share reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts 2.47% EPS growth.

Since February 27, 2018, it had 0 insider purchases, and 8 selling transactions for $5.94 million activity. The insider AKRAM RAJA sold 500 shares worth $34,605. On Tuesday, February 27 Hu W. Bradford sold $611,804 worth of Citigroup Inc. (NYSE:C) or 8,010 shares. Gerspach John C sold $937,571 worth of stock. Forese James A. sold $500,666 worth of Citigroup Inc. (NYSE:C) on Tuesday, February 27. The insider MURRAY JOSEPH MICHAEL sold $263,126. 32,400 shares valued at $2.51M were sold by Fraser Jane Nind on Tuesday, February 27.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.18, from 1.07 in 2017Q4. It worsened, as 89 investors sold C shares while 499 reduced holdings. 114 funds opened positions while 412 raised stakes. 1.90 billion shares or 4.45% less from 1.99 billion shares in 2017Q4 were reported. Wilbanks Smith Thomas Asset Mngmt Lc holds 7,333 shares. Estabrook Capital Management accumulated 228,492 shares. Bell Bank & Trust holds 0.1% or 4,602 shares. Moreover, Levin Strategies Limited Partnership has 4.93% invested in Citigroup Inc. (NYSE:C). Roundview Cap Llc accumulated 33,748 shares or 0.64% of the stock. Renaissance Ltd accumulated 0.08% or 33,942 shares. Family Mgmt accumulated 2.73% or 53,747 shares. Btim Corp has 3,094 shares. Daiwa Sb, a Japan-based fund reported 9,760 shares. Sageworth Tru invested in 0% or 200 shares. Oppenheimer &, New York-based fund reported 369,621 shares. Moreover, Rhumbline Advisers has 0.63% invested in Citigroup Inc. (NYSE:C) for 4.47M shares. Harvey Capital reported 124,945 shares stake. 148,015 are held by Randolph Inc. 10 invested in 0.07% or 4,182 shares.

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

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