Shares of Apollo Global Management, LLC (NYSE:APO) have been assigned an average recommendation of “Buy” from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $26.31.
Several research analysts have recently commented on the company. Oppenheimer Holdings, Inc. boosted their target price on Apollo Global Management from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 target price (up from $25.00) on shares of Apollo Global Management in a report on Monday, July 10th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $33.00 target price on shares of Apollo Global Management in a report on Friday. Jefferies Group LLC reissued a “buy” rating on shares of Apollo Global Management in a report on Friday, June 30th. Finally, BidaskClub downgraded Apollo Global Management from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th.
Shares of Apollo Global Management (APO) traded down 0.04% during mid-day trading on Monday, reaching $27.25. The company’s stock had a trading volume of 782,882 shares. The firm has a market capitalization of $5.20 billion, a P/E ratio of 8.95 and a beta of 1.22. The company 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 announced its earnings results on Friday, April 28th. The financial services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.63 by $0.19. The business had revenue of $641.55 million for the quarter, compared to the consensus estimate of $570.83 million. Apollo Global Management had a return on equity of 72.89% and a net margin of 23.30%. Apollo Global Management’s revenue was up 431.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) EPS. Equities research analysts forecast that Apollo Global Management will post $2.47 EPS for the current year.
In other news, major shareholder Tiger Global Management Llc acquired 1,144,200 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was acquired at an average price of $26.88 per share, for a total transaction of $30,756,096.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Marc J. Rowan sold 1,061,297 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $26.58, for a total transaction of $28,209,274.26. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 5,438,513 shares of company stock valued at $144,066,414 and sold 1,260,000 shares valued at $33,537,989. 4.11% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Apollo Global Management during the fourth quarter worth about $297,000. Quadrature Capital Ltd acquired a new position in Apollo Global Management during the fourth quarter worth approximately $448,000. High Point Bank & Trust Co. acquired a new position in Apollo Global Management during the fourth quarter worth approximately $465,000. SOL Capital Management CO increased its position in 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 in the last quarter. Finally, DnB Asset Management AS increased its position in 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 in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.
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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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