Apollo Global Management LLC (NYSE:APO) had its price target hoisted by Jefferies Group from $21.00 to $23.00 in a research report report published on Tuesday. Jefferies Group currently has a buy rating on the stock.
A number of other brokerages have also issued reports on APO. Argus upped their target price on Apollo Global Management from $22.00 to $24.00 and gave the company a buy rating in a research report on Friday, August 12th. Zacks Investment Research upgraded Apollo Global Management from a sell rating to a hold rating and set a $21.00 price target for the company in a report on Monday, August 8th. Vetr upgraded Apollo Global Management from a buy rating to a strong-buy rating and set a $20.76 price target for the company in a report on Thursday, September 8th. Oppenheimer Holdings Inc. upgraded Apollo Global Management from a market perform rating to an outperform rating and boosted their price target for the company from $17.61 to $19.00 in a report on Friday, August 5th. Finally, JMP Securities reiterated a buy rating and issued a $26.00 price target on shares of Apollo Global Management in a report on Thursday, July 7th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Apollo Global Management has a consensus rating of Buy and an average price target of $20.38.
Apollo Global Management (NYSE:APO) traded down 0.80% during midday trading on Tuesday, reaching $18.49. The company’s stock had a trading volume of 116,578 shares. Apollo Global Management has a 1-year low of $12.35 and a 1-year high of $19.18. The company’s 50-day moving average price is $18.31 and its 200-day moving average price is $17.05. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 19.22 and a beta of 1.77.
Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.19. The business earned $351.73 million during the quarter, compared to analyst estimates of $350.06 million. During the same period in the previous year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 87.8% on a year-over-year basis. On average, analysts predict that Apollo Global Management will post ($0.74) earnings per share for the current fiscal year.
In other Apollo Global Management news, insider Marc J. Rowan sold 565,519 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $18.62, for a total transaction of $10,529,963.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pauline Richards purchased 1,800 shares of Apollo Global Management stock in a transaction on Friday, August 5th. The shares were acquired at an average price of $18.41 per share, with a total value of $33,138.00. The disclosure for this purchase can be found here.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Oakworth Capital Inc. purchased a new stake in shares of Apollo Global Management during the second quarter valued at $128,000. BlackRock Institutional Trust Company N.A. purchased a new stake in shares of Apollo Global Management during the first quarter valued at $135,000. Stifel Financial Corp purchased a new stake in shares of Apollo Global Management during the second quarter valued at $158,000. Veritable L.P. purchased a new stake in shares of Apollo Global Management during the second quarter valued at $172,000. Finally, Societe Generale purchased a new stake in shares of Apollo Global Management during the second quarter valued at $227,000.
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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