Apollo Global Management, LLC (NYSE:APO)‘s stock had its “buy” rating restated by Keefe, Bruyette & Woods in a research note issued on Friday. They presently have a $33.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 21.10% from the stock’s previous close.
Several other research analysts have also commented on APO. Oppenheimer Holdings, Inc. raised their price objective on shares of Apollo Global Management from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Apollo Global Management in a research note on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating on shares of Apollo Global Management in a research note on Friday, June 30th. BidaskClub lowered shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Zacks Investment Research lowered shares of Apollo Global Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.91.
Shares of Apollo Global Management (NYSE APO) opened at 27.25 on Friday. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 8.95 and a beta of 1.22. The stock has a 50 day moving average of $27.18 and a 200 day moving average of $23.97. Apollo Global Management has a 12-month low of $15.64 and a 12-month high of $28.42.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Friday, April 28th. The financial services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.19. Apollo Global Management had a net margin of 23.30% and a return on equity of 72.89%. The business had revenue of $641.55 million during the quarter, compared to analyst estimates of $570.83 million. During the same quarter last year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was up 431.0% compared to the same quarter last year. Analysts forecast that Apollo Global Management will post $2.47 earnings per share for the current year.
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In other Apollo Global Management news, major shareholder Tiger Global Management Llc bought 1,144,200 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were acquired at an average cost of $26.88 per share, with a total value of $30,756,096.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Marc J. Rowan sold 188,703 shares of Apollo Global Management stock in a transaction on Monday, May 1st. The shares were sold at an average price of $26.82, for a total transaction of $5,061,014.46. The disclosure for this sale can be found here. In the last three months, insiders have acquired 5,062,288 shares of company stock worth $134,435,054 and have sold 1,260,000 shares worth $33,537,989. 4.11% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in APO. Renaissance Technologies LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth approximately $297,000. Quadrature Capital Ltd acquired a new position in shares of Apollo Global Management during the fourth quarter worth approximately $448,000. High Point Bank & Trust Co. acquired a new position in shares of Apollo Global Management during the fourth quarter worth approximately $465,000. SOL Capital Management CO boosted its position in shares of Apollo Global Management by 4.8% in the first quarter. SOL Capital Management CO now owns 43,600 shares of the financial services provider’s stock worth $1,060,000 after buying an additional 2,000 shares during the last quarter. Finally, DnB Asset Management AS boosted its position in shares of Apollo Global Management by 73.2% in the first quarter. DnB Asset Management AS now owns 108,800 shares of the financial services provider’s stock worth $2,646,000 after buying an additional 46,000 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.
About Apollo Global Management
Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.
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