Apollo Global Management LLC (APO) Price Target Raised to $23.00
Apollo Global Management LLC (NYSE:APO) had its target price lifted by Jefferies Group from $21.00 to $23.00 in a research note published on Tuesday morning. Jefferies Group currently has a buy rating on the stock.
Other equities research analysts also recently issued reports about the stock. Argus boosted their target price on shares of Apollo Global Management from $22.00 to $24.00 and gave the stock a buy rating in a research report on Friday, August 12th. JMP Securities reaffirmed a buy rating and issued a $26.00 price objective on shares of Apollo Global Management in a research report on Thursday, July 7th. Vetr downgraded shares of Apollo Global Management from a strong-buy rating to a buy rating and set a $20.34 price objective for the company. in a research report on Monday, August 8th. TheStreet raised shares of Apollo Global Management from a hold rating to a buy rating in a research report on Thursday, September 1st. Finally, Deutsche Bank AG upped their price objective on shares of Apollo Global Management from $15.00 to $17.00 and gave the stock a hold rating in a research report on Thursday, August 4th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $20.38.
Shares of Apollo Global Management (NYSE:APO) opened at 17.90 on Tuesday. Apollo Global Management has a 12 month low of $12.35 and a 12 month high of $19.18. The firm’s 50-day moving average is $18.30 and its 200 day moving average is $17.08. The firm has a market capitalization of $3.31 billion, a P/E ratio of 18.61 and a beta of 1.77.
Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.20 by $0.19. The business had revenue of $351.73 million for the quarter, compared to the consensus estimate of $350.06 million. The company’s revenue was up 87.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. On average, equities research analysts anticipate that Apollo Global Management will post ($0.74) EPS for the current year.
In other Apollo Global Management news, insider Marc J. Rowan sold 565,519 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pauline Richards bought 1,800 shares of the stock in a transaction on Friday, August 5th. The stock was purchased 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 hedge funds have recently bought and sold shares of APO. Oakworth Capital Inc. bought a new stake in Apollo Global Management during the second quarter valued at $128,000. BlackRock Institutional Trust Company N.A. bought a new stake in Apollo Global Management during the first quarter valued at $135,000. Stifel Financial Corp bought a new stake in Apollo Global Management during the second quarter valued at $158,000. Veritable L.P. bought a new stake in Apollo Global Management during the second quarter valued at $172,000. Finally, Societe Generale bought a new stake in 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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