Apollo Global Management (APO) Earning Somewhat Positive Press Coverage, Accern Reports
News headlines about Apollo Global Management (NYSE:APO) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Apollo Global Management earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.7424930558586 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Shikun & Binui Provides Update with Regard to ADO – Markets Insider (markets.businessinsider.com)
- Olympus Merger Sub, Inc. Announces Successful Receipt of Requisite Consents Relating to 5.375% Senior Notes due … – Business Wire (press release) (businesswire.com)
- Olympus Merger Sub, Inc. Announces Successful Receipt of Requisite Consents Relating to 5.375% Senior Notes due 2022 of West Corporation; Extends Early Tender Date to September 21, 2017 (finance.yahoo.com)
- NCL Corporation Ltd. — Moody’s upgrades NCL Corp.’s CFR to Ba2, assigns Ba2 rating to proposed T/L B (finance.yahoo.com)
- Zacks: Brokerages Anticipate Apollo Global Management, LLC (APO) Will Post Quarterly Sales of $576.52 Million (americanbankingnews.com)
APO has been the subject of several analyst reports. Jefferies Group LLC reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 3rd. UBS AG reiterated a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Apollo Global Management in a research note on Friday, August 4th. Zacks Investment Research upgraded Apollo Global Management from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Monday, July 3rd. BidaskClub lowered Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) upped their price target on Apollo Global Management from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, June 7th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Apollo Global Management currently has a consensus rating of “Buy” and a consensus price target of $28.90.
Shares of Apollo Global Management (NYSE APO) opened at 30.00 on Wednesday. The stock has a 50 day moving average price of $29.25 and a 200-day moving average price of $26.92. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 11.75 and a beta of 1.22. Apollo Global Management has a 1-year low of $17.38 and a 1-year high of $30.75.
Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The firm had revenue of $432.87 million for the quarter, compared to analyst estimates of $455.29 million. Apollo Global Management had a net margin of 21.79% and a return on equity of 59.61%. Apollo Global Management’s revenue for the quarter was down 34.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. On average, equities research analysts expect that Apollo Global Management will post $2.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd were given a dividend of $0.52 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, August 18th. This represents a $2.08 dividend on an annualized basis and a yield of 6.93%. Apollo Global Management’s dividend payout ratio (DPR) is presently 81.25%.
In related news, major shareholder Tiger Global Management Llc bought 261,429 shares of the business’s stock in a transaction on Monday, July 24th. The shares were bought at an average cost of $27.93 per share, for a total transaction of $7,301,711.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director A B. Krongard bought 1,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were bought at an average price of $29.28 per share, for a total transaction of $29,280.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,399,918 shares of company stock valued at $39,210,819. Insiders own 4.11% of the company’s stock.
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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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