Apollo Global Management LLC (APO) Downgraded to “Buy” at Vetr Inc.
Vetr downgraded shares of Apollo Global Management LLC (NYSE:APO) from a strong-buy rating to a buy rating in a research note released on Thursday. They currently have $20.72 price target on the stock.
APO has been the subject of several other research reports. TheStreet raised shares of Apollo Global Management from a hold rating to a buy rating in a report on Thursday, September 1st. Zacks Investment Research downgraded shares of Apollo Global Management from a buy rating to a hold rating in a report on Monday, August 15th. Oppenheimer Holdings Inc. raised shares of Apollo Global Management from a market perform rating to an outperform rating and increased their price objective for the company from $17.61 to $19.00 in a report on Friday, August 5th. JMP Securities reissued a buy rating and set a $26.00 price objective on shares of Apollo Global Management in a report on Thursday, July 7th. Finally, Deutsche Bank AG increased their price objective on shares of Apollo Global Management from $15.00 to $17.00 and gave the company a hold rating in a report on Thursday, August 4th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Apollo Global Management presently has an average rating of Buy and a consensus target price of $20.18.
Shares of Apollo Global Management (NYSE:APO) traded down 0.59% on Thursday, reaching $18.66. The company had a trading volume of 259,529 shares. Apollo Global Management has a 52 week low of $12.35 and a 52 week high of $19.18. The stock’s 50 day moving average is $18.29 and its 200 day moving average is $17.02. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 19.40 and a beta of 1.77.
Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.19. The business earned $351.73 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same quarter in the previous year, the company posted $0.38 EPS. The company’s quarterly revenue was up 87.8% on a year-over-year basis. On average, equities analysts anticipate that Apollo Global Management will post ($0.74) EPS for the current year.
In other news, insider Marc J. Rowan sold 565,519 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $18.62, for a total value of $10,529,963.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pauline Richards bought 1,800 shares of the stock in a transaction dated Friday, August 5th. The stock was acquired at an average price of $18.41 per share, with a total value of $33,138.00. The disclosure for this purchase can be found here.
Hedge funds have recently made changes to their positions in the stock. Oakworth Capital Inc. acquired a new stake in shares of Apollo Global Management during the second quarter worth $128,000. BlackRock Institutional Trust Company N.A. purchased a new stake in shares of Apollo Global Management during the first quarter worth approximately $135,000. Stifel Financial Corp purchased a new stake in shares of Apollo Global Management during the second quarter worth approximately $158,000. Veritable L.P. purchased a new stake in shares of Apollo Global Management during the second quarter worth approximately $172,000. Finally, Societe Generale purchased a new stake in shares of Apollo Global Management during the second quarter worth approximately $227,000.
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 operates through three segments: Private equity, Credit and Real estate.
Receive News & Stock Ratings for Apollo Global Management LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management LLC and related stocks with our FREE daily email newsletter.