Apollo Global Management LLC (NYSE:APO) Receives Consensus Rating of “Buy” from Analysts

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Shares of Apollo Global Management LLC (NYSE:APO) have been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $39.43.

A number of research firms recently commented on APO. ValuEngine upgraded shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Wells Fargo & Co upped their price objective on shares of Apollo Global Management from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Credit Suisse Group lowered their price objective on shares of Athene from $67.00 to $57.00 and set an “outperform” rating for the company in a research report on Tuesday, May 21st. Morgan Stanley lowered their price objective on shares of Virtus Investment Partners from $121.00 to $118.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 9th. Finally, JMP Securities upped their price objective on shares of Apollo Global Management from $36.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, June 7th.

Shares of Apollo Global Management stock traded down $0.59 on Friday, hitting $34.99. 290,635 shares of the company’s stock traded hands, compared to its average volume of 1,432,582. The firm has a 50-day moving average price of $33.58. The company has a market cap of $7.07 billion, a PE ratio of -166.62, a PEG ratio of 0.91 and a beta of 1.52. Apollo Global Management has a one year low of $22.63 and a one year high of $36.49. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.07.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.11). The business had revenue of $677.78 million for the quarter, compared to the consensus estimate of $695.30 million. The business’s revenue was up 306.1% on a year-over-year basis. During the same period last year, the firm earned ($0.30) EPS. Research analysts expect that Apollo Global Management will post 2.41 earnings per share for the current year.

In other news, Director A B. Krongard acquired 1,790 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $32.41 per share, for a total transaction of $58,013.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 49.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its holdings in Apollo Global Management by 15.4% during the 1st quarter. Bank of Montreal Can now owns 4,510,247 shares of the financial services provider’s stock worth $127,415,000 after purchasing an additional 601,147 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Apollo Global Management by 30.5% during the 4th quarter. 1832 Asset Management L.P. now owns 1,554,300 shares of the financial services provider’s stock worth $38,138,000 after purchasing an additional 363,300 shares in the last quarter. PM CAPITAL Ltd increased its holdings in Apollo Global Management by 15.1% during the 1st quarter. PM CAPITAL Ltd now owns 1,411,922 shares of the financial services provider’s stock worth $39,886,000 after purchasing an additional 185,000 shares in the last quarter. Markel Corp increased its holdings in Apollo Global Management by 2.3% during the 1st quarter. Markel Corp now owns 990,500 shares of the financial services provider’s stock worth $27,982,000 after purchasing an additional 22,000 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Apollo Global Management by 15.4% during the 4th quarter. Legal & General Group Plc now owns 912,686 shares of the financial services provider’s stock worth $22,402,000 after purchasing an additional 122,055 shares in the last quarter. Hedge funds and other institutional investors own 73.41% 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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Analyst Recommendations for Apollo Global Management (NYSE:APO)

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