Apollo Global Management LLC (NYSE:APO) had its price target raised by analysts at Jefferies Group from $21.00 to $23.00 in a report released on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 22.34% from the company’s current price.

A number of other research analysts also recently weighed in on APO. Deutsche Bank AG cut their price target on shares of Apollo Global Management from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, June 16th. JMP Securities restated a “buy” rating and set a $26.00 price target on shares of Apollo Global Management in a report on Thursday, July 7th. Keefe, Bruyette & Woods cut their price target on shares of Apollo Global Management from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, July 11th. Zacks Investment Research downgraded shares of Apollo Global Management from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 12th. Finally, Oppenheimer Holdings Inc. upgraded shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and raised their price target for the company from $17.61 to $19.00 in a report on Friday, August 5th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Apollo Global Management currently has an average rating of “Buy” and a consensus target price of $20.38.

Analyst Recommendations for Apollo Global Management (NYSE:APO)

Shares of Apollo Global Management (NYSE:APO) traded down 1.4356% during midday trading on Tuesday, hitting $18.5301. 173,476 shares of the stock were exchanged. The firm has a market cap of $3.42 billion, a P/E ratio of 19.2621 and a beta of 1.77. Apollo Global Management has a 12-month low of $12.35 and a 12-month high of $19.18. The stock’s 50 day moving average is $18.30 and its 200 day moving average is $17.04.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.19. The business had revenue of $351.73 million for the quarter, compared to the consensus estimate of $350.06 million. The firm’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. On average, equities research analysts forecast that Apollo Global Management will post ($0.74) earnings per share for the current fiscal year.

In other news, Director Pauline Richards purchased 1,800 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was purchased at an average cost of $18.41 per share, with a total value of $33,138.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Marc J. Rowan sold 565,519 shares of Apollo Global Management stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $18.62, for a total transaction of $10,529,963.78. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in APO. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Apollo Global Management during the first quarter valued at about $452,000. BlackRock Institutional Trust Company N.A. purchased a new position in shares of Apollo Global Management during the first quarter valued at about $135,000. Cheyne Capital Management UK LLP increased its position in shares of Apollo Global Management by 56.4% in the second quarter. Cheyne Capital Management UK LLP now owns 97,100 shares of the company’s stock valued at $1,472,000 after buying an additional 35,000 shares in the last quarter. Artemis Investment Management LLP increased its position in shares of Apollo Global Management by 100.0% in the second quarter. Artemis Investment Management LLP now owns 300,000 shares of the company’s stock valued at $4,547,000 after buying an additional 150,000 shares in the last quarter. Finally, Springhouse Capital Management LP increased its position in shares of Apollo Global Management by 31.1% in the second quarter. Springhouse Capital Management LP now owns 314,577 shares of the company’s stock valued at $4,766,000 after buying an additional 74,577 shares in the last quarter.

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 operates through three segments: Private equity, Credit and Real estate.

5 Day Chart for NYSE:APO

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