Insider Selling: Apollo Global Management Director Sells 1,009,967 Shares of Stock (APO)
Apollo Global Management (NYSE:APO) Director Marc J. Rowan sold 1,009,967 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $24.36, for a total value of $24,602,796.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $34.93.
Shares of Apollo Global Management (NYSE:APO) opened at 24.61 on Friday. Apollo Global Management has a one year low of $20.86 and a one year high of $36.51. The stock’s 50-day moving average is $27.31 and its 200-day moving average is $30.64. The company has a market cap of $3.669 billion and a price-to-earnings ratio of 8.84.
Apollo Global Management (NYSE:APO) last released its earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.89 earnings per share. Apollo Global Management’s revenue was down 62.5% compared to the same quarter last year. Analysts expect that Apollo Global Management will post $2.70 EPS for the current fiscal year.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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