Media headlines about Apollo Global Management (NYSE:APO) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apollo Global Management earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 47.2334804654347 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Apollo Global Management Names Co-Presidents (penews.com)
- January 2020 Options Now Available For Apollo Global Management (APO) (thestreet.com)
- [$$] Apollo Global Management Names Co-Presidents (finance.yahoo.com)
- [$$] Apollo Global promotes 2 executives to leadership roles (finance.yahoo.com)
- BlackRock (BLK) & Apollo Global Management (APO) Financial Analysis (americanbankingnews.com)
Apollo Global Management (APO) traded down $1.20 during trading on Tuesday, hitting $29.19. 1,364,700 shares of the stock traded hands, compared to its average volume of 1,251,812. The firm has a market cap of $5,660.00, a price-to-earnings ratio of 9.13, a PEG ratio of 1.02 and a beta of 1.23. Apollo Global Management has a one year low of $18.75 and a one year high of $33.37. The company has a quick ratio of 1.74, a current 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 Wednesday, November 1st. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.51. The company had revenue of $645.20 million for the quarter, compared to analyst estimates of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. Apollo Global Management’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. sell-side analysts anticipate that Apollo Global Management will post 2.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.34%. The ex-dividend date is Monday, November 20th. Apollo Global Management’s payout ratio is 68.42%.
Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. JMP Securities reiterated an “outperform” rating and issued a $32.00 price target on shares of Apollo Global Management in a research note on Friday, August 4th. Citigroup Inc. lifted their price target on shares of Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 price target on shares of Apollo Global Management in a research note on Thursday, October 12th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.38.
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In related news, Director A B. Krongard bought 1,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, August 28th. The stock was acquired at an average price of $29.28 per share, with a total value of $29,280.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Tiger Global Management Llc bought 253,672 shares of Apollo Global Management stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average cost of $28.48 per share, with a total value of $7,224,578.56. The disclosure for this purchase can be found here. Insiders own 4.11% of the company’s stock.
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’s segments include private equity, credit and real estate.
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