Apollo Global Management LLC (NYSE:APO) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Thursday. They presently have a $20.72 price objective on the stock. Vetr‘s price target suggests a potential upside of 11.16% from the stock’s previous close.
APO has been the subject of a number of other reports. Zacks Investment Research lowered Apollo Global Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. TheStreet upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Argus lifted their target price on Apollo Global Management from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, August 12th. Oppenheimer Holdings Inc. upgraded Apollo Global Management from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $17.61 to $19.00 in a report on Friday, August 5th. Finally, JMP Securities lifted their target price on Apollo Global Management from $26.00 to $27.00 and gave the company a “market outperform” rating in a report on Thursday, August 4th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $20.18.
Apollo Global Management (NYSE:APO) opened at 18.64 on Thursday. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 19.38 and a beta of 1.77. The company’s 50-day moving average price is $18.29 and its 200 day moving average price is $17.03. Apollo Global Management has a 12 month low of $12.35 and a 12 month high of $19.18.
Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.19. The firm earned $351.73 million during the quarter, compared to analyst estimates of $350.06 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 87.8% compared to the same quarter last year. Analysts predict that Apollo Global Management will post ($0.74) EPS for the current year.
In related news, insider Marc J. Rowan sold 565,519 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $18.62, for a total value of $10,529,963.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Pauline Richards purchased 1,800 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was bought at an average price of $18.41 per share, for a total transaction of $33,138.00. The disclosure for this purchase can be found here.
A number of institutional investors have recently modified their holdings of the stock. Oakworth Capital Inc. bought a new position in shares of Apollo Global Management during the second quarter valued at about $128,000. BlackRock Institutional Trust Company N.A. bought a new position in shares of Apollo Global Management during the first quarter valued at about $135,000. Stifel Financial Corp bought a new position in shares of Apollo Global Management during the second quarter valued at about $158,000. Veritable L.P. bought a new position in shares of Apollo Global Management during the second quarter valued at about $172,000. Finally, Societe Generale bought a new position in shares of Apollo Global Management during the second quarter valued at about $227,000.
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 operates through three segments: Private equity, Credit and Real estate.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Apollo Global Management LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management LLC and related companies with MarketBeat.com's FREE daily email newsletter.