Apollo Global Management LLC (APO) Trading Down 2.3%
Apollo Global Management LLC (NYSE:APO) was down 2.3% during mid-day trading on Friday . The company traded as low as $18.17 and last traded at $18.21, with a volume of 577,616 shares trading hands. The stock had previously closed at $18.64.
A number of equities research analysts recently issued reports on APO shares. Vetr raised Apollo Global Management from a “hold” rating to a “buy” rating and set a $17.87 target price on the stock in a research note on Monday, May 2nd. JMP Securities reaffirmed a “buy” rating and issued a $26.00 target price on shares of Apollo Global Management in a research note on Thursday, July 7th. Argus upped their target price on Apollo Global Management from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Deutsche Bank AG reduced their target price on Apollo Global Management from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, June 16th. Finally, Bank of America Corp. reaffirmed a “hold” rating on shares of Apollo Global Management in a research note on Thursday, May 19th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.68.
The company has a 50 day moving average price of $16.94 and a 200-day moving average price of $16.29. The stock has a market capitalization of $3.37 billion and a price-to-earnings ratio of 18.98.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings data 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 company had revenue of $351.73 million for the quarter, compared to analyst estimates of $350.06 million. During the same quarter in the prior year, the business earned $0.38 EPS. Apollo Global Management’s revenue was up 87.8% compared to the same quarter last year. Analysts predict that Apollo Global Management LLC will post $1.70 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd will be given a $0.37 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $1.48 annualized dividend and a yield of 8.11%.
In other Apollo Global Management news, Director Pauline Richards purchased 1,800 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were purchased at an average price of $18.41 per share, for a total transaction of $33,138.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc J. Rowan sold 565,519 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $18.62, for a total transaction of $10,529,963.78. The disclosure for this sale can be found here.
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.