Insider Trade: Apollo Global Management, (APO)’s Senior Managing Director Joshua Harris Sold 4,500,000 shares; Wendys Company (WEN) SI Increased By 9.21%

As stated in a legal document that was filled with the (SEC) on February 7, 2018, Joshua Harris, Senior Managing Director of Apollo Global Management Llc and an insider, sold 4,500,000 shares of the company for around $153,000,000 USD which is based on a market stock price per share of $34.0. Right now, Joshua Harris holds a total of 500,000 shares or 10%+ of Apollo Global Management Llc’s market capitalization (total value of the shares outstanding). It is an important transaction and hence it will probably not stay hidden.

Wendys Company (NASDAQ:WEN) had an increase of 9.21% in short interest. WEN’s SI was 25.77 million shares in February as released by FINRA. Its up 9.21% from 23.59M shares previously. With 3.66 million avg volume, 7 days are for Wendys Company (NASDAQ:WEN)’s short sellers to cover WEN’s short positions. The SI to Wendys Company’s float is 14.69%. The stock increased 0.83% or $0.13 during the last trading session, reaching $15.86. About 3.11M shares traded. The Wendy's Company (NASDAQ:WEN) has risen 56.90% since February 7, 2017 and is uptrending. It has outperformed by 40.20% the S&P500.

Apollo Global Management, LLC is a publicly owned investment manager. The company has market cap of $13.60 billion. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It has a 10.89 P/E ratio. It manages client focused portfolios.

Since August 8, 2017, it had 1 insider buy, and 0 selling transactions for $7.23 million activity. $293,800 worth of stock was bought by Kraft Robert K on Friday, August 11. Another trade for 46,617 shares valued at $1.40M was made by Suydam John J on Tuesday, August 8. Another trade for 253,672 shares valued at $7.23 million was bought by TIGER GLOBAL MANAGEMENT LLC.

Investors sentiment decreased to 1.22 in Q3 2017. Its down 0.13, from 1.35 in 2017Q2. It turned negative, as 18 investors sold Apollo Global Management, LLC shares while 54 reduced holdings. 31 funds opened positions while 57 raised stakes. 133.81 million shares or 1.40% less from 135.71 million shares in 2017Q2 were reported. Hsbc Holdg Pcl, United Kingdom-based fund reported 23,193 shares. The Massachusetts-based Wade G W & has invested 0.06% in Apollo Global Management, LLC (NYSE:APO). 1.00M are owned by Thornburg Mgmt. Hillsdale Mngmt stated it has 0.06% of its portfolio in Apollo Global Management, LLC (NYSE:APO). Royal Financial Bank Of Canada reported 42,148 shares. New Amsterdam Partners Limited Liability Com New York holds 0.47% or 74,515 shares in its portfolio. Markel has 685,000 shares. Manufacturers Life The has invested 0% in Apollo Global Management, LLC (NYSE:APO). 1832 Asset Mngmt L P has 859,612 shares for 0.09% of their portfolio. California Employees Retirement Systems invested in 0.77% or 17.63M shares. Moreover, L & S Advsrs Inc has 0.16% invested in Apollo Global Management, LLC (NYSE:APO). Cetera Advisor Net Ltd Co invested 0.04% of its portfolio in Apollo Global Management, LLC (NYSE:APO). Yorktown Management & Rech Communications owns 11,100 shares. Lonestar Management Llc holds 2.26% of its portfolio in Apollo Global Management, LLC (NYSE:APO) for 340,000 shares. Boston Advsrs Limited Liability owns 290,690 shares or 0.2% of their US portfolio.

Among 16 analysts covering Apollo Global Management (NYSE:APO), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Apollo Global Management has $43.0 highest and $12 lowest target. $28.94’s average target is -14.25% below currents $33.75 stock price. Apollo Global Management had 59 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, August 17 by Deutsche Bank. Citigroup maintained Apollo Global Management, LLC (NYSE:APO) rating on Thursday, November 2. Citigroup has “Buy” rating and $38 target. The rating was maintained by Credit Suisse with “Neutral” on Thursday, August 3. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, February 1. Argus Research maintained Apollo Global Management, LLC (NYSE:APO) rating on Thursday, October 29. Argus Research has “Buy” rating and $23 target. The stock of Apollo Global Management, LLC (NYSE:APO) has “Hold” rating given on Thursday, August 4 by Deutsche Bank. As per Monday, January 22, the company rating was downgraded by Citigroup. The company was initiated on Thursday, December 10 by Jefferies. The firm has “Buy” rating by Jefferies given on Thursday, January 11. The stock of Apollo Global Management, LLC (NYSE:APO) has “Hold” rating given on Friday, January 19 by Citigroup.

The stock increased 0.48% or $0.16 during the last trading session, reaching $33.75. About 953,801 shares traded. Apollo Global Management, LLC (NYSE:APO) has risen 63.33% since February 7, 2017 and is uptrending. It has outperformed by 46.63% the S&P500.

Since October 3, 2017, it had 0 insider purchases, and 1 insider sale for $54,736 activity. Wunsch E.J. sold $54,736 worth of The Wendy's Company (NASDAQ:WEN) on Tuesday, October 3.

Among 19 analysts covering Wendy’s (NASDAQ:WEN), 10 have Buy rating, 2 Sell and 7 Hold. Therefore 53% are positive. Wendy’s had 43 analyst reports since August 6, 2015 according to SRatingsIntel. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, August 27 report. RBC Capital Markets maintained The Wendy's Company (NASDAQ:WEN) rating on Thursday, August 10. RBC Capital Markets has “Hold” rating and $1600 target. BMO Capital Markets maintained The Wendy's Company (NASDAQ:WEN) on Thursday, November 9 with “Outperform” rating. The stock has “Hold” rating by RBC Capital Markets on Thursday, December 21. The stock has “Neutral” rating by Longbow on Friday, January 6. The firm earned “Buy” rating on Tuesday, April 5 by Evercore. The company was maintained on Wednesday, October 5 by Citigroup. RBC Capital Markets maintained the stock with “Hold” rating in Monday, November 6 report. The firm earned “Market Perform” rating on Thursday, May 26 by Bernstein. The rating was upgraded by Argus Research on Friday, November 25 to “Buy”.