Apollo Global Management (APO) Receiving Somewhat Positive Press Coverage, Analysis Finds
Media headlines about Apollo Global Management (NYSE:APO) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apollo Global Management earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.1579267917475 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Apollo Global Management, LLC (APO) noted a price change of -1.24% and VTTI Energy Partners LP (VTTI) closes … – Stocks Gallery (stocksgallery.com)
- Constellation Merger Sub Inc. Announces Pricing of Tender Offer … – Business Wire (press release) (businesswire.com)
- Apollo Commercial Real Estate Finance, Inc. Announces Preferred Dividends – Business Wire (press release) (businesswire.com)
- Imran Siddiqui Seeks $1 Billion-Plus for Deals After Leaving Apollo – Bloomberg (bloomberg.com)
- Energy Saves Stocks From a Sharp Retreat but Markets Remain Off Balance (thestreet.com)
Several research firms recently weighed in on APO. Morgan Stanley upped their price objective on shares of Apollo Global Management from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. JMP Securities reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Apollo Global Management in a research report on Friday, August 4th. UBS AG reaffirmed a “buy” rating and set a $32.00 price objective (up previously from $30.00) on shares of Apollo Global Management in a research report on Friday, August 4th. Deutsche Bank AG upped their price objective on shares of Apollo Global Management from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Apollo Global Management has a consensus rating of “Buy” and an average price target of $28.90.
Apollo Global Management (APO) traded up 2.83% on Thursday, hitting $29.41. 809,417 shares of the stock were exchanged. The firm has a market cap of $5.70 billion, a PE ratio of 11.52 and a beta of 1.22. Apollo Global Management has a 52-week low of $17.38 and a 52-week high of $30.75. The company has a 50-day moving average price of $29.08 and a 200-day moving average price of $26.70.
Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.04). Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The firm had revenue of $432.87 million during the quarter, compared to the consensus estimate of $455.29 million. During the same quarter in the previous year, the firm earned $0.98 EPS. The business’s quarterly revenue was down 34.5% compared to the same quarter last year. On average, equities research analysts anticipate that Apollo Global Management will post $2.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were given a $0.52 dividend. The ex-dividend date was Friday, August 18th. This represents a $2.08 annualized dividend and a yield of 7.07%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.49. Apollo Global Management’s payout ratio is presently 81.25%.
In related news, Director A B. Krongard acquired 1,000 shares of the stock in a transaction on Monday, August 28th. The stock was purchased at an average price of $29.28 per share, for a total transaction of $29,280.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert K. Kraft acquired 30,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $28.88 per share, with a total value of $866,400.00. The disclosure for this purchase can be found here. Insiders acquired 1,399,918 shares of company stock valued at $39,210,819 in the last quarter. Corporate insiders own 4.11% of the company’s stock.
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’s segments include private equity, credit and real estate.
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