Apollo Global Management LLC Class A (APO) Receives Average Recommendation of “Buy” from Analysts

Apollo Global Management LLC Class A (NYSE:APO) has received an average rating of “Buy” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $38.63.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Apollo Global Management LLC Class A from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine lowered Apollo Global Management LLC Class A from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Morgan Stanley set a $42.00 price target on Apollo Global Management LLC Class A and gave the company a “buy” rating in a research note on Tuesday, August 14th. Finally, Oppenheimer restated a “buy” rating on shares of Apollo Global Management LLC Class A in a research note on Thursday, August 2nd.

In other Apollo Global Management LLC Class A news, Director Pauline Richards purchased 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was purchased at an average price of $35.78 per share, for a total transaction of $39,358.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joshua Harris sold 30,381 shares of Apollo Global Management LLC Class A stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $35.28, for a total value of $1,071,841.68. The disclosure for this sale can be found here. 4.11% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in APO. Squar Milner Financial Services LLC purchased a new stake in Apollo Global Management LLC Class A during the 2nd quarter worth approximately $112,000. Tower Research Capital LLC TRC increased its stake in Apollo Global Management LLC Class A by 482.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,683 shares of the financial services provider’s stock worth $117,000 after buying an additional 3,051 shares in the last quarter. CENTRAL TRUST Co purchased a new stake in Apollo Global Management LLC Class A during the 2nd quarter worth approximately $119,000. Centaurus Financial Inc. purchased a new stake in Apollo Global Management LLC Class A during the 2nd quarter worth approximately $139,000. Finally, Wedbush Securities Inc. purchased a new stake in Apollo Global Management LLC Class A during the 2nd quarter worth approximately $241,000. Hedge funds and other institutional investors own 73.71% of the company’s stock.

Shares of APO stock traded up $0.32 on Friday, hitting $34.40. The company had a trading volume of 552,593 shares, compared to its average volume of 390,083. The stock has a market cap of $6.89 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 2.38 and a beta of 1.21. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. Apollo Global Management LLC Class A has a twelve month low of $28.00 and a twelve month high of $37.35.

Apollo Global Management LLC Class A (NYSE:APO) last issued its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.27). The company had revenue of $449.71 million during the quarter, compared to analyst estimates of $608.66 million. Apollo Global Management LLC Class A had a net margin of 19.59% and a return on equity of 48.19%. During the same period last year, the firm earned $0.46 EPS. sell-side analysts anticipate that Apollo Global Management LLC Class A will post 1.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Thursday, August 16th. This is a positive change from Apollo Global Management LLC Class A’s previous quarterly dividend of $0.38. Apollo Global Management LLC Class A’s payout ratio is currently 48.18%.

About Apollo Global Management LLC Class A

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to 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.

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Analyst Recommendations for Apollo Global Management LLC Class A (NYSE:APO)

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