Apollo Global Management, LLC (NYSE:APO)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group LLC in a note issued to investors on Tuesday. They presently have a $34.00 target price on the financial services provider’s stock. Jefferies Group LLC’s price target suggests a potential upside of 9.50% from the stock’s previous close.

A number of other equities research analysts have also weighed in on APO. Goldman Sachs Group Inc raised their price objective on shares of Apollo Global Management from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, June 7th. BidaskClub lowered shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Monday, July 3rd. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price objective (up from $25.00) on shares of Apollo Global Management in a report on Monday, July 10th. Finally, Oppenheimer Holdings, Inc. raised their price objective on shares of Apollo Global Management from $31.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $29.13.

Apollo Global Management (NYSE APO) opened at 30.69 on Tuesday. The company has a 50-day moving average of $29.25 and a 200-day moving average of $26.92. Apollo Global Management has a 52 week low of $17.38 and a 52 week high of $31.69. The company has a market cap of $5.95 billion, a P/E ratio of 12.02 and a beta of 1.22.

Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) 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 business had revenue of $432.87 million for the quarter, compared to analyst estimates of $455.29 million. During the same quarter last year, the company earned $0.98 earnings per share. Apollo Global Management’s quarterly revenue was down 34.5% compared to the same quarter last year. On average, equities research analysts predict that Apollo Global Management will post $2.45 EPS for the current year.

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In other Apollo Global Management news, major shareholder Tiger Global Management Llc acquired 100,916 shares of the stock in a transaction on Wednesday, July 19th. The shares were bought at an average cost of $27.36 per share, with a total value of $2,761,061.76. The transaction was disclosed in a document filed with the SEC, 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 shares were acquired at an average cost of $28.88 per share, for a total transaction of $866,400.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,399,918 shares of company stock worth $39,210,819 over the last three months. 4.11% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of APO. Russell Investments Group Ltd. boosted its holdings in shares of Apollo Global Management by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 225,314 shares of the financial services provider’s stock valued at $5,474,000 after acquiring an additional 4,901 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Apollo Global Management by 29.7% in the first quarter. Wells Fargo & Company MN now owns 337,841 shares of the financial services provider’s stock valued at $8,217,000 after acquiring an additional 77,348 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Apollo Global Management in the first quarter valued at about $234,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Apollo Global Management by 96.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,819 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 10,699 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Apollo Global Management by 499.2% in the first quarter. SG Americas Securities LLC now owns 53,928 shares of the financial services provider’s stock valued at $1,312,000 after acquiring an additional 44,928 shares in the last quarter. 73.58% of the stock is currently owned by institutional investors and hedge funds.

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’s segments include private equity, credit and real estate.

Analyst Recommendations for Apollo Global Management (NYSE:APO)

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