Apollo Global Management LLC (APO) Upgraded to Strong-Buy by Vetr Inc.
Vetr upgraded shares of Apollo Global Management LLC (NYSE:APO) from a buy rating to a strong-buy rating in a research note released on Thursday. They currently have $20.72 price target on the stock.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Apollo Global Management from a hold rating to a buy rating and set a $21.00 price target for the company in a report on Tuesday. TheStreet raised shares of Apollo Global Management from a hold rating to a buy rating in a research note on Thursday, September 1st. Oppenheimer Holdings Inc. raised shares of Apollo Global Management from a market perform rating to an outperform rating and raised their price objective for the stock from $17.61 to $19.00 in a research note on Friday, August 5th. Jefferies Group raised their price objective on shares of Apollo Global Management from $21.00 to $23.00 and gave the stock a buy rating in a research note on Tuesday. Finally, JMP Securities reissued a buy rating and issued a $26.00 price objective on shares of Apollo Global Management in a research note on Thursday, July 7th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Apollo Global Management currently has a consensus rating of Buy and an average target price of $20.38.
Shares of Apollo Global Management (NYSE:APO) remained flat at $18.14 on Thursday. 60,927 shares of the stock were exchanged. Apollo Global Management has a 12-month low of $12.35 and a 12-month high of $19.18. The company’s 50 day moving average is $18.32 and its 200 day moving average is $17.07. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 18.86 and a beta of 1.77.
Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.19. The firm had revenue of $351.73 million for the quarter, compared to analysts’ expectations of $350.06 million. The company’s revenue for the quarter was up 87.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. On average, equities research analysts expect that Apollo Global Management will post ($0.74) EPS for the current fiscal year.
In other news, insider Marc J. Rowan sold 565,519 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pauline Richards bought 1,800 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were bought at an average cost of $18.41 per share, with a total value of $33,138.00. The disclosure for this purchase can be found here.
Several hedge funds have recently added to or reduced their stakes in APO. Edmond DE Rothschild Holding S.A. bought a new stake in Apollo Global Management during the first quarter worth approximately $452,000. Cheyne Capital Management UK LLP boosted its stake in 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 worth $1,472,000 after buying an additional 35,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. bought a new stake in Apollo Global Management during the first quarter worth approximately $135,000. Artemis Investment Management LLP boosted its stake in Apollo Global Management by 100.0% in the second quarter. Artemis Investment Management LLP now owns 300,000 shares of the company’s stock worth $4,547,000 after buying an additional 150,000 shares in the last quarter. Finally, Springhouse Capital Management LP boosted its stake in Apollo Global Management by 31.1% in the second quarter. Springhouse Capital Management LP now owns 314,577 shares of the company’s stock worth $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.
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