Apollo Global Management LLC (NYSE:APO) – Analysts at Jefferies Group upped their Q3 2016 EPS estimates for Apollo Global Management in a report issued on Tuesday. Jefferies Group analyst G. O’hara now forecasts that the firm will post earnings per share of $0.54 for the quarter, up from their prior estimate of $0.48. Jefferies Group currently has a “Buy” rating and a $23.00 target price on the stock. Jefferies Group also issued estimates for Apollo Global Management’s Q4 2016 earnings at $0.49 EPS, FY2016 earnings at $1.83 EPS, Q1 2017 earnings at $0.54 EPS, Q2 2017 earnings at $0.54 EPS, Q3 2017 earnings at $0.55 EPS, Q4 2017 earnings at $0.55 EPS and FY2017 earnings at $2.17 EPS.
Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.19. The company had revenue of $351.73 million for the quarter, compared to the consensus estimate of $350.06 million. During the same quarter last year, the business posted $0.38 EPS. Apollo Global Management’s quarterly revenue was up 87.8% on a year-over-year basis.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Apollo Global Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday. Vetr cut Apollo Global Management from a “strong-buy” rating to a “buy” rating and set a $20.72 target price for the company. in a report on Thursday, October 6th. TheStreet upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Argus upped their price target 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. Finally, Oppenheimer Holdings Inc. upgraded Apollo Global Management from a “market perform” rating to an “outperform” rating and upped their price target for the company from $17.61 to $19.00 in a research report on Friday, August 5th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.38.
Apollo Global Management (NYSE:APO) opened at 18.69 on Wednesday. The company has a market cap of $3.45 billion, a PE ratio of 19.43 and a beta of 1.77. The firm’s 50-day moving average price is $18.32 and its 200-day moving average price is $17.07. Apollo Global Management has a one year low of $12.35 and a one year high of $19.18.
In related news, Director Pauline Richards acquired 1,800 shares of the stock in a transaction dated Friday, August 5th. The stock was purchased at an average cost of $18.41 per share, with a total value of $33,138.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marc J. Rowan sold 565,519 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $18.62, for a total value of $10,529,963.78. The disclosure for this sale can be found here.
Hedge funds have recently modified their holdings of the company. Oakworth Capital Inc. bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $128,000. BlackRock Institutional Trust Company N.A. bought a new stake in shares of Apollo Global Management during the first quarter valued at approximately $135,000. Stifel Financial Corp bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $158,000. Veritable L.P. bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $172,000. Finally, Hollencrest Securities LLC increased its stake in shares of Apollo Global Management by 6.5% in the third quarter. Hollencrest Securities LLC now owns 14,487 shares of the company’s stock valued at $260,000 after buying an additional 889 shares during the period.
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.
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