Shares of Apollo Global Management LLC (NYSE:APO) have been assigned an average recommendation of “Hold” from the twenty analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $58.21.
APO has been the topic of a number of research analyst reports. Wells Fargo & Co increased their price objective on shares of Apollo Global Management from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. BMO Capital Markets lowered shares of Apollo Global Management from an “outperform” rating to a “market perform” rating and set a $43.00 price objective on the stock. in a report on Thursday, May 14th. They noted that the move was a valuation call. Credit Suisse Group increased their price objective on shares of Apollo Global Management from $61.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Deutsche Bank decreased their price objective on shares of Apollo Global Management from $46.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Apollo Global Management from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, July 31st.
Shares of APO traded down $1.00 during trading hours on Friday, hitting $46.69. The stock had a trading volume of 29,106 shares, compared to its average volume of 1,103,985. The company’s fifty day moving average is $50.08 and its two-hundred day moving average is $44.28. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.49 and a quick ratio of 1.49. Apollo Global Management has a 52 week low of $19.46 and a 52 week high of $55.38. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of -145.91, a P/E/G ratio of 1.52 and a beta of 1.61.
Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Apollo Global Management had a return on equity of 34.51% and a net margin of 31.68%. The company had revenue of $467.01 million for the quarter, compared to the consensus estimate of $442.94 million. During the same period in the prior year, the company earned $0.58 EPS. Equities analysts predict that Apollo Global Management will post 1.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Tuesday, August 18th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.20%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, August 17th. Apollo Global Management’s dividend payout ratio (DPR) is currently 72.32%.
In other Apollo Global Management news, CFO Martin Kelly sold 16,946 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $49.46, for a total transaction of $838,149.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Anthony Civale sold 4,121 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $48.17, for a total transaction of $198,508.57. The disclosure for this sale can be found here. Insiders sold a total of 91,067 shares of company stock worth $4,327,658 over the last quarter. 46.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Shine Investment Advisory Services Inc. acquired a new stake in Apollo Global Management during the 2nd quarter worth approximately $28,000. Parallel Advisors LLC grew its stake in shares of Apollo Global Management by 38.9% during the 2nd quarter. Parallel Advisors LLC now owns 746 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 209 shares in the last quarter. CWM LLC bought a new position in shares of Apollo Global Management during the 1st quarter worth approximately $32,000. Tower Research Capital LLC TRC bought a new position in shares of Apollo Global Management during the 1st quarter worth approximately $41,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Apollo Global Management during the 1st quarter worth approximately $51,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Apollo Global Management Company Profile
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.
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