Recent Research Analysts’ Ratings Updates for Apollo Global Management (APO)

Several analysts have recently updated their ratings and price targets for Apollo Global Management (NYSE: APO):

  • 2/5/2018 – Apollo Global Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Apollo Management, L.P. operates as an alternative asset manager globally. The Company operates in three business segments: private equity, capital markets and real estate. It raises, invests and manages funds on behalf of pension and endowment funds, as well as other institutional and individual investors. Apollo Management, L.P. is headquartered in New York, New York. “
  • 2/5/2018 – Apollo Global Management had its price target raised by analysts at Credit Suisse Group AG from $38.00 to $39.00. They now have a “neutral” rating on the stock.
  • 2/2/2018 – Apollo Global Management was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Apollo Management, L.P. operates as an alternative asset manager globally. The Company operates in three business segments: private equity, capital markets and real estate. It raises, invests and manages funds on behalf of pension and endowment funds, as well as other institutional and individual investors. Apollo Management, L.P. is headquartered in New York, New York. “
  • 2/2/2018 – Apollo Global Management was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 2/1/2018 – Apollo Global Management had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $43.00 price target on the stock.
  • 1/19/2018 – Apollo Global Management was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. They now have a $38.00 price target on the stock.
  • 1/3/2018 – Apollo Global Management was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $42.00 price target on the stock.
  • 12/31/2017 – Apollo Global Management was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 12/19/2017 – Apollo Global Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the stock. According to Zacks, “Apollo Management, L.P. operates as an alternative asset manager globally. The Company operates in three business segments: private equity, capital markets and real estate. It raises, invests and manages funds on behalf of pension and endowment funds, as well as other institutional and individual investors. Apollo Management, L.P. is headquartered in New York, New York. “

Apollo Global Management LLC (NYSE APO) traded up $0.70 on Monday, reaching $33.03. 578,103 shares of the company traded hands, compared to its average volume of 1,132,086. The firm has a market capitalization of $6,257.15, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 0.94 and a beta of 1.03. Apollo Global Management LLC has a 52-week low of $21.39 and a 52-week high of $37.35. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.55. The firm had revenue of $869.50 million for the quarter, compared to analyst estimates of $599.38 million. Apollo Global Management had a net margin of 23.92% and a return on equity of 66.33%. Apollo Global Management’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. equities analysts anticipate that Apollo Global Management LLC will post 3.1 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.66 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, February 20th. This represents a $2.64 annualized dividend and a yield of 7.99%. Apollo Global Management’s dividend payout ratio is 50.16%.

In related news, insider Joshua Harris sold 4,500,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $34.00, for a total transaction of $153,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martin Kelly sold 15,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $34.25, for a total transaction of $513,750.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,520,000 shares of company stock worth $153,677,150. 4.11% of the stock is owned by company insiders.

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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