Apollo Global Management LLC (NYSE:APO) has been assigned an average rating of “Buy” from the sixteen analysts that are covering the stock. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $20.34.
Several analysts have recently issued reports on APO shares. Argus boosted their price target on shares of Apollo Global Management from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, August 12th. JMP Securities reissued a “buy” rating and issued a $26.00 price target on shares of Apollo Global Management in a research report on Thursday, July 7th. Vetr lowered shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating and set a $20.34 price target on the stock. in a research report on Monday, August 8th. TheStreet raised shares of Apollo Global Management from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Finally, Deutsche Bank AG boosted their price target on shares of Apollo Global Management from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 4th.
In other Apollo Global Management news, Director Pauline Richards acquired 1,800 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was bought at an average price of $18.41 per share, with a total value of $33,138.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marc J. Rowan sold 565,519 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $18.62, for a total transaction of $10,529,963.78. The disclosure for this sale can be found here.
A number of large investors have recently bought and sold shares of the stock. Edmond DE Rothschild Holding S.A. purchased a new stake in Apollo Global Management during the first quarter worth approximately $452,000. BlackRock Institutional Trust Company N.A. purchased a new stake in Apollo Global Management during the first quarter worth approximately $135,000. Springhouse Capital Management LP raised its stake in Apollo Global Management by 31.1% in the second quarter. Springhouse Capital Management LP now owns 314,577 shares of the company’s stock worth $4,766,000 after buying an additional 74,577 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in Apollo Global Management by 17.4% in the first quarter. Commonwealth Equity Services Inc now owns 108,152 shares of the company’s stock worth $1,852,000 after buying an additional 15,992 shares in the last quarter. Finally, Pzena Investment Management LLC raised its stake in Apollo Global Management by 69.4% in the second quarter. Pzena Investment Management LLC now owns 381,650 shares of the company’s stock worth $5,782,000 after buying an additional 156,300 shares in the last quarter.
Apollo Global Management (NYSE:APO) opened at 17.93 on Wednesday. Apollo Global Management has a 52 week low of $12.35 and a 52 week high of $19.18. The company has a 50-day moving average of $18.43 and a 200 day moving average of $16.95. The company has a market cap of $3.31 billion, a P/E ratio of 18.64 and a beta of 1.77.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.19. The business earned $351.73 million during the quarter, compared to the consensus estimate of $350.06 million. During the same period last year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 87.8% on a year-over-year basis. On average, equities analysts forecast that Apollo Global Management will post ($0.74) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd were paid a $0.37 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, August 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.25%.
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 operates through three segments: Private equity, Credit and Real estate.
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