Apollo Global Management LLC (APO) Upgraded by Vetr Inc. to “Strong-Buy”
Apollo Global Management LLC (NYSE:APO) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The firm currently has a $20.72 target price on the stock. Vetr‘s target price indicates a potential upside of 14.22% from the company’s current price.
A number of other research analysts have also weighed in on APO. Deutsche Bank AG reissued a “hold” rating on shares of Apollo Global Management in a report on Sunday, July 10th. Keefe, Bruyette & Woods decreased their target price on Apollo Global Management from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, July 11th. JMP Securities boosted their target price on Apollo Global Management from $26.00 to $27.00 and gave the stock a “market outperform” rating in a report on Thursday, August 4th. Zacks Investment Research lowered Apollo Global Management from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 12th. Finally, Jefferies Group boosted their target price on Apollo Global Management from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.38.
Apollo Global Management (NYSE:APO) traded down 2.94% on Thursday, hitting $18.14. 574,383 shares of the stock were exchanged. Apollo Global Management has a one year low of $12.35 and a one year high of $19.18. The company’s 50 day moving average price is $18.32 and its 200-day moving average price is $17.07. The company has a market cap of $3.35 billion, a P/E ratio of 18.86 and a beta of 1.77.
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Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.19. The company had revenue of $351.73 million for the quarter, compared to the consensus estimate of $350.06 million. During the same quarter in the prior year, the company earned $0.38 EPS. The company’s revenue for the quarter was up 87.8% on a year-over-year basis. Equities research analysts predict that Apollo Global Management will post ($0.74) EPS for the current fiscal year.
In other Apollo Global Management news, Director Pauline Richards acquired 1,800 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was acquired at an average cost of $18.41 per share, for a total transaction of $33,138.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Marc J. Rowan sold 565,519 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $18.62, for a total value of $10,529,963.78. The disclosure for this sale can be found here.
Several hedge funds have recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new stake in shares of Apollo Global Management during the second quarter valued at $128,000. BlackRock Institutional Trust Company N.A. purchased a new position in Apollo Global Management during the first quarter valued at approximately $135,000. Stifel Financial Corp purchased a new position in Apollo Global Management during the second quarter valued at approximately $158,000. Veritable L.P. purchased a new position in Apollo Global Management during the second quarter valued at approximately $172,000. Finally, Societe Generale purchased a new position in Apollo Global Management during the second quarter valued at approximately $227,000.
About Apollo Global Management
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.
To view Vetr’s full report, visit Vetr’s official website.
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