Share on StockTwits

Apollo Global Management (NYSE:APO) Director Marc J. Rowan sold 797,904 shares of the company’s stock on the open market in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $24.61, for a total transaction of $19,636,417.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Apollo Global Management (NYSE:APO) opened at 24.19 on Tuesday. Apollo Global Management has a 52 week low of $20.86 and a 52 week high of $36.51. The stock’s 50-day moving average is $27.93 and its 200-day moving average is $30.79. The company has a market cap of $3.607 billion and a price-to-earnings ratio of 8.69.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, May 8th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.04. The company had revenue of $491.40 million for the quarter, compared to the consensus estimate of $525.05 million. During the same quarter in the prior year, the company posted $1.89 earnings per share. The company’s quarterly revenue was down 62.5% on a year-over-year basis. On average, analysts predict that Apollo Global Management will post $2.70 earnings per share for the current fiscal year.

APO has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Apollo Global Management from $38.00 to $33.00 in a research note on Tuesday, May 13th. Separately, analysts at Goldman Sachs downgraded shares of Apollo Global Management from a “buy” rating to a “neutral” rating in a research note on Monday, May 12th. Finally, analysts at Citigroup Inc. cut their price target on shares of Apollo Global Management from $34.00 to $32.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $34.93.

Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.