Jefferies Group LLC Reaffirms Buy Rating for Apollo Global Management, LLC (APO)

Apollo Global Management, LLC (NYSE:APO)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group LLC in a research report issued on Friday, June 30th.

Several other analysts also recently commented on the company. BidaskClub downgraded Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) increased their target price on Apollo Global Management from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, June 7th. Zacks Investment Research downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.00 target price on shares of Apollo Global Management in a research note on Friday, March 17th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Apollo Global Management currently has an average rating of “Buy” and an average target price of $26.91.

Shares of Apollo Global Management (NYSE:APO) traded down 1.14% during mid-day trading on Friday, reaching $27.74. The company had a trading volume of 767,021 shares. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 9.12 and a beta of 1.22. The company has a 50 day moving average price of $27.25 and a 200 day moving average price of $25.01. Apollo Global Management has a one year low of $16.84 and a one year high of $29.20.

Apollo Global Management (NYSE:APO) last issued its earnings results on Friday, April 28th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.63 by $0.19. Apollo Global Management had a return on equity of 72.89% and a net margin of 23.30%. The business had revenue of $641.55 million for the quarter, compared to the consensus estimate of $570.83 million. During the same period last year, the business posted ($0.18) EPS. The company’s revenue was up 431.0% compared to the same quarter last year. On average, analysts anticipate that Apollo Global Management will post $2.47 EPS for the current year.

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In other Apollo Global Management news, insider Marc J. Rowan sold 188,703 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $26.82, for a total transaction of $5,061,014.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Tiger Global Management Llc purchased 298,200 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were acquired at an average cost of $26.19 per share, for a total transaction of $7,809,858.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 3,994,985 shares of company stock worth $106,707,165 and sold 1,260,000 shares worth $33,537,989. 4.11% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in Apollo Global Management by 0.8% in the first quarter. HighTower Advisors LLC now owns 68,399 shares of the financial services provider’s stock worth $1,666,000 after buying an additional 549 shares in the last quarter. SOL Capital Management CO boosted its stake in Apollo Global Management by 1.4% in the second quarter. SOL Capital Management CO now owns 44,200 shares of the financial services provider’s stock worth $1,169,000 after buying an additional 600 shares in the last quarter. TCI Wealth Advisors Inc. boosted its stake in Apollo Global Management by 38.4% in the first quarter. TCI Wealth Advisors Inc. now owns 5,770 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,601 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Apollo Global Management by 6.0% in the first quarter. PNC Financial Services Group Inc. now owns 41,252 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 2,350 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Apollo Global Management by 98.2% in the first quarter. Penserra Capital Management LLC now owns 5,890 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,918 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Apollo Global Management (NYSE:APO)

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