Apollo Global Management LLC (NYSE:APO) – Equities research analysts at Oppenheimer Holdings increased their FY2017 EPS estimates for shares of Apollo Global Management in a research note issued on Wednesday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the brokerage will post earnings per share of $2.43 for the year, up from their prior forecast of $2.39. Oppenheimer Holdings currently has a “Outperform” rating and a $19.00 price target on the stock.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the 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 business’s quarterly revenue was up 87.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS.

Earnings History and Estimates for Apollo Global Management (NYSE:APO)

A number of other research firms also recently commented on APO. TheStreet upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Jefferies Group boosted their price target on shares of Apollo Global Management from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday. Argus lifted their price objective on shares of Apollo Global Management from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, Vetr raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating and set a $20.76 price objective on the stock in a research note on Thursday, September 8th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $20.38.

Shares of Apollo Global Management (NYSE:APO) traded down 1.32% during trading on Friday, hitting $17.90. 557,274 shares of the company traded hands. Apollo Global Management has a one year low of $12.35 and a one year high of $19.18. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 18.61 and a beta of 1.77. The firm has a 50 day moving average price of $18.32 and a 200-day moving average price of $17.07.

In other news, insider Marc J. Rowan sold 565,519 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $18.62, for a total value of $10,529,963.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pauline Richards acquired 1,800 shares of Apollo Global Management stock in a transaction dated Friday, August 5th. The stock was purchased 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 modified their holdings of the company. Oakworth Capital Inc. purchased 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 $135,000. Stifel Financial Corp purchased a new stake in shares of Apollo Global Management during the second quarter worth $158,000. Veritable L.P. purchased a new stake in shares of Apollo Global Management during the second quarter worth $172,000. Finally, Societe Generale purchased a new stake in shares of Apollo Global Management during the second quarter worth $227,000.

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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