FY2017 EPS Estimates for Apollo Global Management LLC Raised by Oppenheimer Holdings (APO)
Apollo Global Management LLC (NYSE:APO) – Research analysts at Oppenheimer Holdings boosted their FY2017 EPS estimates for Apollo Global Management in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst C. Kotowski now expects that the brokerage will post earnings of $2.43 per share for the year, up from their prior estimate of $2.39. Oppenheimer Holdings currently has a “Outperform” rating and a $19.00 target price on the stock.
Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.19. The business had revenue of $351.73 million for the quarter, compared to analyst estimates of $350.06 million. During the same quarter last year, the business earned $0.38 earnings per share. Apollo Global Management’s revenue was up 87.8% on a year-over-year basis.
Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Vetr upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating and set a $20.76 price target on the stock in a research report on Thursday, September 8th. Argus increased 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 reiterated a “buy” rating and issued a $26.00 price target on shares of Apollo Global Management in a research report on Thursday, July 7th. Finally, TheStreet upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apollo Global Management has a consensus rating of “Buy” and an average target price of $20.38.
Apollo Global Management (NYSE:APO) traded down 1.32% during midday trading on Friday, hitting $17.90. The stock had a trading volume of 557,274 shares. Apollo Global Management has a 12 month low of $12.35 and a 12 month high of $19.18. The stock has a 50 day moving average of $18.32 and a 200 day moving average of $17.07. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 18.61 and a beta of 1.77.
Several institutional investors have recently modified their holdings of the stock. Oakworth Capital Inc. acquired a new position in shares of Apollo Global Management during the second quarter worth approximately $128,000. BlackRock Institutional Trust Company N.A. acquired a new position in shares of Apollo Global Management during the first quarter worth approximately $135,000. Stifel Financial Corp acquired a new position in shares of Apollo Global Management during the second quarter worth approximately $158,000. Veritable L.P. acquired a new position in shares of Apollo Global Management during the second quarter worth approximately $172,000. Finally, Hollencrest Securities LLC increased its position 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 worth $260,000 after buying an additional 889 shares in the last quarter.
In other news, insider Marc J. Rowan sold 565,519 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $18.62, for a total value of $10,529,963.78. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Pauline Richards bought 1,800 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was acquired at an average cost of $18.41 per share, for a total transaction of $33,138.00. The disclosure for this purchase can be found here.
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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