Apollo Global Management LLC (NYSE:APO) – Research analysts at Jefferies Group decreased their Q2 2018 earnings per share estimates for Apollo Global Management in a note issued to investors on Thursday. Jefferies Group analyst G. O’hara now expects that the financial services provider will earn $0.74 per share for the quarter, down from their previous estimate of $0.79. Jefferies Group has a “Buy” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for Apollo Global Management’s Q3 2018 earnings at $0.82 EPS and Q4 2018 earnings at $0.82 EPS.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.51. Apollo Global Management had a return on equity of 64.11% and a net margin of 24.82%. The firm had revenue of $645.20 million during the quarter, compared to analyst estimates of $467.72 million. During the same quarter last year, the firm earned $0.58 EPS. Apollo Global Management’s quarterly revenue was up 31.1% on a year-over-year basis.

A number of other equities research analysts have also weighed in on APO. ValuEngine upgraded Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a research note on Wednesday, January 3rd. Zacks Investment Research lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Credit Suisse Group raised their price objective on Apollo Global Management from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co restated an “outperform” rating and set a $39.00 price objective (up previously from $34.00) on shares of Apollo Global Management in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Apollo Global Management has an average rating of “Buy” and a consensus price target of $34.46.

Shares of Apollo Global Management (APO) opened at $36.19 on Monday. Apollo Global Management has a 12 month low of $20.38 and a 12 month high of $36.39. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $7,004.21, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23.

Institutional investors and hedge funds have recently modified their holdings of the company. Stelac Advisory Services LLC acquired a new position in shares of Apollo Global Management in the 3rd quarter worth approximately $117,000. First Midwest Bank Trust Division acquired a new position in shares of Apollo Global Management in the 3rd quarter worth approximately $232,000. Wealthsource Partners LLC acquired a new position in shares of Apollo Global Management in the 3rd quarter worth approximately $251,000. Bank of New York Mellon Corp acquired a new position in shares of Apollo Global Management in the 2nd quarter worth approximately $240,000. Finally, Meridian Wealth Management LLC acquired a new position in Apollo Global Management during the 3rd quarter valued at approximately $277,000. Institutional investors own 72.44% of the company’s stock.

In other news, major shareholder Tiger Global Management Llc bought 43,714 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $29.18 per share, for a total transaction of $1,275,574.52. The purchase was disclosed in a document filed with the SEC, which is available at this link. 4.11% of the stock is currently owned by company insiders.

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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’s segments include private equity, credit and real estate.

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