Apollo Global Management LLC (NYSE:APO) Given Consensus Recommendation of “Buy” by Brokerages
Apollo Global Management LLC (NYSE:APO) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Two 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 average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $39.43.
A number of research analysts recently issued reports on APO shares. Morgan Stanley dropped their price target on Virtus Investment Partners from $121.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Wells Fargo & Co raised their price target on Apollo Global Management from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday. ValuEngine upgraded Alleghany from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Credit Suisse Group dropped their price target on Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 21st. Finally, Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th.
NYSE:APO traded down $0.05 during mid-day trading on Friday, reaching $35.81. 56,123 shares of the stock were exchanged, compared to its average volume of 1,338,332. The company has a 50 day moving average of $33.21. The firm has a market capitalization of $7.21 billion, a PE ratio of -170.52, a P/E/G ratio of 0.87 and a beta of 1.52. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.46 and a quick ratio of 1.46. Apollo Global Management has a 1 year low of $22.63 and a 1 year high of $36.49.
In related news, Director A B. Krongard acquired 1,790 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $32.41 per share, with a total value of $58,013.90. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 49.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of APO. TCG Advisors LP acquired a new stake in Apollo Global Management during the 1st quarter worth approximately $26,000. Arlington Partners LLC acquired a new stake in shares of Apollo Global Management in the 2nd quarter valued at approximately $34,000. Ellis Investment Partners LLC acquired a new stake in shares of Apollo Global Management in the 1st quarter valued at approximately $60,000. Proffitt & Goodson Inc. acquired a new stake in shares of Apollo Global Management in the 1st quarter valued at approximately $119,000. Finally, Wiley BROS. Aintree Capital LLC acquired a new stake in shares of Apollo Global Management in the 1st quarter valued at approximately $206,000. 73.41% of the stock is owned by institutional investors.
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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