Apollo Global Management LLC (APO) Sees Large Volume Increase
Shares of Apollo Global Management LLC (NYSE:APO) saw unusually-high trading volume on Monday . Approximately 1,559,422 shares traded hands during trading, an increase of 85% from the previous session’s volume of 841,021 shares.The stock last traded at $18.40 and had previously closed at $18.42.
APO has been the topic of a number of recent research reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $17.00 price target on shares of Apollo Global Management in a research report on Sunday, June 5th. JMP Securities reaffirmed a “buy” rating and set 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $18.00 price target (up from $15.00) on shares of Apollo Global Management in a research report on Tuesday, May 24th. Finally, Oppenheimer Holdings Inc. raised shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and raised their target price for the company from $17.61 to $19.00 in a report on Friday. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Apollo Global Management currently has an average rating of “Buy” and an average price target of $20.59.
The company has a 50 day moving average of $16.06 and a 200-day moving average of $16.00. The firm has a market cap of $3.39 billion and a price-to-earnings ratio of 19.13.
Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.19. The business had revenue of $351.73 million for the quarter, compared to analysts’ expectations of $350.06 million. Apollo Global Management’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Analysts predict that Apollo Global Management LLC will post $1.55 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 8.04%. The ex-dividend date of this dividend is Thursday, August 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.25.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.