Zacks Investment Research upgraded shares of Apollo Global Management LLC (NYSE:APO) from a hold rating to a buy rating in a report published on Tuesday morning. Zacks Investment Research currently has $21.00 price target on the stock.

According to Zacks, “Apollo Management, L.P. operates as an alternative asset manager globally. The Company operates in three business segments: private equity, capital markets and real estate. It raises, invests and manages funds on behalf of pension and endowment funds, as well as other institutional and individual investors. Apollo Management, L.P. is headquartered in New York, New York. “

A number of other research firms have also recently issued reports on APO. TheStreet raised Apollo Global Management from a hold rating to a buy rating in a research note on Thursday, September 1st. Jefferies Group boosted their target price on Apollo Global Management from $21.00 to $23.00 and gave the company a buy rating in a research note on Tuesday. Argus boosted their target price on Apollo Global Management from $22.00 to $24.00 and gave the company a buy rating in a research note on Friday, August 12th. Vetr raised Apollo Global Management from a buy rating to a strong-buy rating and set a $20.76 target price for the company in a research note on Thursday, September 8th. Finally, Oppenheimer Holdings Inc. raised Apollo Global Management from a market perform rating to an outperform rating and boosted their target price for the company from $17.61 to $19.00 in a research note on Friday, August 5th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $20.38.

Analyst Recommendations for Apollo Global Management (NYSE:APO)

Apollo Global Management (NYSE:APO) opened at 18.68 on Tuesday. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 19.42 and a beta of 1.77. The stock’s 50 day moving average price is $18.31 and its 200-day moving average price is $17.05. Apollo Global Management has a one year low of $12.35 and a one year high of $19.18.

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

In related news, Director Pauline Richards acquired 1,800 shares of the stock in a transaction on Friday, August 5th. The shares were purchased at an average price of $18.41 per share, for a total transaction of $33,138.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of APO. Oakworth Capital Inc. bought a new position in Apollo Global Management during the second quarter worth approximately $128,000. BlackRock Institutional Trust Company N.A. bought a new position in Apollo Global Management during the first quarter worth approximately $135,000. Stifel Financial Corp bought a new position in Apollo Global Management during the second quarter worth approximately $158,000. Veritable L.P. bought a new position in Apollo Global Management during the second quarter worth approximately $172,000. Finally, Societe Generale bought a new position in 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.

5 Day Chart for NYSE:APO

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