Apollo Global Management (APO) Earning Somewhat Positive Press Coverage, Report Finds
News articles about Apollo Global Management (NYSE:APO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Apollo Global Management earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.6352489829978 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Carlyle Group recruits former Apollo executive for credit opportunities team (pionline.com)
- Apollo or Gannett? That’s the Way the Tronc Bounces: Gadfly (washingtonpost.com)
- Again, this well-known Triangle country club may soon go through an ownership change (finance.yahoo.com)
- Apollo Global Management (APO) Raised to “Strong-Buy” at BidaskClub (americanbankingnews.com)
- After arduous Process, Philadelphia 76ers owners building for ‘sustainable excellence’ (usatoday.com)
Shares of NYSE:APO opened at $29.30 on Tuesday. Apollo Global Management has a 1 year low of $24.83 and a 1 year high of $37.35. The stock has a market cap of $5,870.74, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.52.
Several research firms have recently commented on APO. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $43.00 price target on shares of Apollo Global Management in a research report on Thursday, February 1st. ValuEngine raised Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup lowered Apollo Global Management from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research report on Friday, January 19th. Finally, Credit Suisse Group upped their target price on Apollo Global Management from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Apollo Global Management has a consensus rating of “Buy” and a consensus target price of $36.67.
In other news, CFO Martin Kelly sold 15,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $34.25, for a total value of $513,750.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joshua Harris sold 4,500,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $34.00, for a total value of $153,000,000.00. The disclosure for this sale can be found here. Insiders sold 5,091,842 shares of company stock worth $173,113,138 over the last three months. Corporate insiders own 4.11% of the company’s stock.
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About Apollo Global Management
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds and mutual funds for its clients.
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