Apollo Global Management Hits New 1-Year Low at $23.95 (APO)
Shares of Apollo Global Management (NYSE:APO) reached a new 52-week low on Tuesday , American Banking & Market News reports. The company traded as low as $23.95 and last traded at $23.96, with a volume of 1,757,834 shares. The stock had previously closed at $24.52.
A number of research firms have recently commented on APO. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Apollo Global Management in a research note on Thursday, August 7th. Separately, analysts at BB&T Corp. initiated coverage on shares of Apollo Global Management in a research note on Monday, July 21st. They set a “buy” rating on the stock. Finally, analysts at RBC Capital upgraded shares of Apollo Global Management from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Apollo Global Management currently has an average rating of “Hold” and a consensus price target of $35.00.
The stock has a 50-day moving average of $26.62 and a 200-day moving average of $28.56. The company has a market cap of $3.762 billion and a price-to-earnings ratio of 9.04.
Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.13. The company had revenue of $572.15 million for the quarter, compared to the consensus estimate of $624.75 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. On average, analysts predict that Apollo Global Management will post $2.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Wednesday, August 20th.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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