Apollo Global Management Given Consensus Rating of “Hold” by Analysts (NYSE:APO)
Shares of Apollo Global Management (NYSE:APO) have been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the stock, Analyst Ratings Net reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $35.00.
A number of research firms have recently commented on APO. Analysts at Wells Fargo & Co. downgraded shares of Apollo Global Management from an “outperform” rating to a “market perform” rating in a research note on Friday, August 15th. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Apollo Global Management in a research note on Thursday, August 7th. Finally, 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.
In other Apollo Global Management news, Director Robert K. Kraft bought 5,000 shares of Apollo Global Management stock in a transaction dated Wednesday, August 20th. The stock was purchased at an average price of $23.67 per share, for a total transaction of $118,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Apollo Global Management (NYSE:APO) traded up 0.37% on Friday, hitting $24.39. 84,794 shares of the company’s stock traded hands. Apollo Global Management has a 52-week low of $23.55 and a 52-week high of $36.51. The stock’s 50-day moving average is $25.61 and its 200-day moving average is $27.95. The company has a market cap of $3.824 billion and a P/E ratio of 8.95.
Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.50 earnings per share. On average, analysts predict that Apollo Global Management will post $2.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, August 20th.
Apollo Global Management, LLC (NYSE:APO) is a global alternative asset manager.
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