Apollo Global Management (APO) Hits New 12-Month High at $35.49

Shares of Apollo Global Management LLC (NYSE:APO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $35.49 and last traded at $34.92, with a volume of 470100 shares changing hands. The stock had previously closed at $34.48.

A number of analysts have issued reports on APO shares. Zacks Investment Research lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $35.00 target price on shares of Apollo Global Management in a report on Thursday, October 12th. Morgan Stanley raised Apollo Global Management from an “equal weight” rating to an “overweight” rating and set a $42.00 target price on the stock in a report on Wednesday, January 3rd. ValuEngine raised Apollo Global Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Jefferies Group reissued a “buy” rating and issued a $34.00 target price on shares of Apollo Global Management in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $34.46.

The company has a market capitalization of $6,880.00, a PE ratio of 11.49, a PEG ratio of 1.16 and a beta of 1.22. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.58.

Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.51. The firm had revenue of $645.20 million for the quarter, compared to analyst estimates of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. Apollo Global Management’s revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 earnings per share. equities research analysts expect that Apollo Global Management LLC will post 2.96 earnings per share for the current year.

In related news, major shareholder Tiger Global Management Llc purchased 43,714 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of $29.18 per share, for a total transaction of $1,275,574.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.11% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Wealthsource Partners LLC acquired a new position in shares of Apollo Global Management during the 3rd quarter valued at $251,000. Cetera Advisor Networks LLC increased its stake in Apollo Global Management by 30.7% during the 3rd quarter. Cetera Advisor Networks LLC now owns 25,971 shares of the financial services provider’s stock worth $777,000 after buying an additional 6,101 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Apollo Global Management by 30.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,225 shares of the financial services provider’s stock worth $1,452,000 after buying an additional 11,248 shares during the period. First Allied Advisory Services Inc. increased its stake in Apollo Global Management by 91.5% during the 3rd quarter. First Allied Advisory Services Inc. now owns 51,682 shares of the financial services provider’s stock worth $1,548,000 after buying an additional 24,690 shares during the period. Finally, L & S Advisors Inc purchased a new stake in Apollo Global Management during the 3rd quarter worth $932,000. Institutional investors and hedge funds own 72.43% of the company’s stock.

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Apollo Global Management Company Profile

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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