Research Analysts Issue Forecasts for Apollo Global Management LLC’s Q1 2019 Earnings (APO)

Apollo Global Management LLC (NYSE:APO) – Research analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for shares of Apollo Global Management in a report issued on Monday, February 11th. Jefferies Financial Group analyst G. O’hara forecasts that the financial services provider will earn $0.53 per share for the quarter. Jefferies Financial Group also issued estimates for Apollo Global Management’s Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.61 EPS and FY2020 earnings at $2.59 EPS.

APO has been the subject of several other research reports. Citigroup dropped their target price on shares of Apollo Global Management from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 5th. ValuEngine downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Oppenheimer set a $43.00 target price on shares of Apollo Global Management and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, TheStreet downgraded shares of Apollo Global Management from a “b” rating to a “c” rating in a report on Monday, February 4th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Apollo Global Management has a consensus rating of “Buy” and an average target price of $37.00.

Shares of NYSE APO opened at $30.14 on Wednesday. Apollo Global Management has a 1 year low of $22.63 and a 1 year high of $36.49. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $6.08 billion, a PE ratio of -143.52, a PEG ratio of 1.08 and a beta of 1.42.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, January 31st. The financial services provider reported ($1.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.72) by ($0.29). The firm had revenue of ($114.89) million for the quarter. Apollo Global Management had a return on equity of 16.41% and a net margin of 19.45%.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Thursday, February 21st will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Wednesday, February 20th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is -876.19%.

In other Apollo Global Management news, CFO Martin Kelly sold 9,800 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $29.66, for a total value of $290,668.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Tiger Global Management Llc purchased 100,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was acquired at an average cost of $27.54 per share, with a total value of $2,754,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 3,088,800 shares of company stock valued at $78,361,913 in the last quarter. 4.11% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Partners Group Holding AG boosted its position in Apollo Global Management by 14.3% in the 4th quarter. Partners Group Holding AG now owns 294,551 shares of the financial services provider’s stock valued at $7,228,000 after buying an additional 36,809 shares during the period. Stifel Financial Corp boosted its position in Apollo Global Management by 31.3% in the 4th quarter. Stifel Financial Corp now owns 27,098 shares of the financial services provider’s stock valued at $663,000 after buying an additional 6,460 shares during the period. Kayne Anderson Capital Advisors LP boosted its position in Apollo Global Management by 14.0% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 32,555 shares of the financial services provider’s stock valued at $798,000 after buying an additional 4,000 shares during the period. Hsbc Holdings PLC boosted its position in Apollo Global Management by 26.6% in the 4th quarter. Hsbc Holdings PLC now owns 22,424 shares of the financial services provider’s stock valued at $551,000 after buying an additional 4,706 shares during the period. Finally, Knott David M boosted its position in Apollo Global Management by 207.3% in the 4th quarter. Knott David M now owns 322,708 shares of the financial services provider’s stock valued at $7,919,000 after buying an additional 217,708 shares during the period. 74.21% of the stock is owned by institutional investors.

About Apollo Global Management

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.

See Also: What are the Benefits of Index Funds?

Earnings History and Estimates for Apollo Global Management (NYSE:APO)

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit