Apollo Global Management (NYSE:APO) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Several other equities analysts have also recently commented on the stock. Oppenheimer set a $43.00 price target on shares of Apollo Global Management and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. Goldman Sachs Group raised shares of Apollo Global Management from a “buy” rating to a “conviction-buy” rating in a research report on Monday, October 1st. Credit Suisse Group raised their price target on shares of Apollo Global Management from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, September 21st. Finally, Morgan Stanley set a $42.00 price target on shares of Apollo Global Management and gave the company a “buy” rating in a research report on Tuesday, August 14th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $39.20.

Shares of NYSE:APO traded down $1.31 during mid-day trading on Thursday, reaching $30.37. 1,045,400 shares of the company were exchanged, compared to its average volume of 911,507. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $6.96 billion, a P/E ratio of 8.51, a PEG ratio of 2.40 and a beta of 1.18. Apollo Global Management has a 1 year low of $28.00 and a 1 year high of $37.35.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.27). The company had revenue of $449.71 million for the quarter, compared to analysts’ expectations of $608.66 million. Apollo Global Management had a return on equity of 48.19% and a net margin of 19.59%. During the same period in the previous year, the business posted $0.46 EPS. Research analysts forecast that Apollo Global Management will post 1.44 earnings per share for the current fiscal year.

In other news, insider Joshua Harris sold 30,381 shares of Apollo Global Management stock in a transaction on Monday, August 6th. The shares were sold at an average price of $35.28, for a total transaction of $1,071,841.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 11,500 shares of Apollo Global Management stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $35.66, for a total transaction of $410,090.00. The disclosure for this sale can be found here. Company insiders own 4.11% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth $112,000. Tower Research Capital LLC TRC lifted its position in shares of Apollo Global Management by 482.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,683 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 3,051 shares during the last quarter. CENTRAL TRUST Co purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth $119,000. Centaurus Financial Inc. purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth $139,000. Finally, Cerebellum GP LLC lifted its position in shares of Apollo Global Management by 1,214.8% during the 3rd quarter. Cerebellum GP LLC now owns 5,154 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 4,762 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

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 for its clients.

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Analyst Recommendations for Apollo Global Management (NYSE:APO)

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