Apollo Global Management LLC (APO) PT Raised to $23.00
Apollo Global Management LLC (NYSE:APO) had its price target boosted by investment analysts at Jefferies Group from $21.00 to $23.00 in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 22.34% from the stock’s current price.
A number of other research firms have also recently commented on APO. TheStreet raised shares of Apollo Global Management from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Zacks Investment Research cut shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Argus increased their target price on shares of Apollo Global Management from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Vetr raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating and set a $20.76 target price for the company in a report on Thursday, September 8th. Finally, Oppenheimer Holdings Inc. raised shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $17.61 to $19.00 in a report on Friday, August 5th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $20.38.
Shares of Apollo Global Management (NYSE:APO) traded down 1.4356% on Tuesday, reaching $18.5301. 173,476 shares of the company were exchanged. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 19.2621 and a beta of 1.77. The company’s 50-day moving average price is $18.30 and its 200 day moving average price is $17.04. Apollo Global Management has a 12 month low of $12.35 and a 12 month high of $19.18.
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Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.19. The company earned $351.73 million during the quarter, compared to the consensus estimate of $350.06 million. The firm’s revenue was up 87.8% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. On average, equities research analysts expect that Apollo Global Management will post ($0.74) EPS for the current year.
In related news, insider Marc J. Rowan sold 565,519 shares of Apollo Global Management stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $18.62, for a total value of $10,529,963.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pauline Richards purchased 1,800 shares of Apollo Global Management stock in a transaction that occurred on Friday, August 5th. The stock was acquired at an average cost of $18.41 per share, with a total value of $33,138.00. The disclosure for this purchase can be found here.
A number of hedge funds have recently bought and sold shares of APO. Oakworth Capital Inc. acquired a new stake in Apollo Global Management during the second quarter valued at about $128,000. BlackRock Institutional Trust Company N.A. acquired a new stake in Apollo Global Management during the first quarter valued at about $135,000. Stifel Financial Corp acquired a new stake in Apollo Global Management during the second quarter valued at about $158,000. Veritable L.P. acquired a new stake in Apollo Global Management during the second quarter valued at about $172,000. Finally, Societe Generale acquired a new stake in Apollo Global Management during the second quarter valued at about $227,000.
Apollo Global Management Company Profile
Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company operates through three segments: Private equity, Credit and Real estate.
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