Apollo Global Management LLC (NYSE:APO) – Stock analysts at Oppenheimer Holdings decreased their Q3 2016 earnings per share (EPS) estimates for Apollo Global Management in a note issued to investors on Wednesday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the brokerage will post earnings per share of $0.59 for the quarter, down from their previous forecast of $0.64. Oppenheimer Holdings has a “Outperform” rating and a $19.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Apollo Global Management’s Q4 2016 earnings at $0.47 EPS and FY2016 earnings at $1.87 EPS.

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.

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

APO has been the subject of a number of other research reports. Keefe, Bruyette & Woods cut their price target on Apollo Global Management from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday, July 11th. TheStreet upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. JMP Securities lifted their price target on Apollo Global Management from $26.00 to $27.00 and gave the company a “market outperform” rating in a research note on Thursday, August 4th. Vetr upgraded Apollo Global Management from a “buy” rating to a “strong-buy” rating and set a $20.72 price target for the company in a research note on Thursday, October 13th. Finally, Deutsche Bank AG boosted their target price on Apollo Global Management from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 4th. 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 company. Apollo Global Management presently has an average rating of “Buy” and a consensus price target of $20.38.

Apollo Global Management (NYSE:APO) opened at 17.61 on Monday. Apollo Global Management has a 1-year low of $12.35 and a 1-year high of $19.18. The firm has a market capitalization of $3.25 billion, a PE ratio of 18.31 and a beta of 1.77. The firm has a 50-day moving average price of $18.24 and a 200-day moving average price of $17.09.

Several large investors have recently modified their holdings of the stock. Hollencrest Securities LLC boosted its stake in Apollo Global Management by 6.5% in the third quarter. Hollencrest Securities LLC now owns 14,487 shares of the company’s stock valued at $260,000 after buying an additional 889 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Apollo Global Management by 5.9% in the second quarter. Baird Financial Group Inc. now owns 16,681 shares of the company’s stock valued at $253,000 after buying an additional 934 shares during the last quarter. Williams Jones & Associates LLC boosted its stake in Apollo Global Management by 4.2% in the first quarter. Williams Jones & Associates LLC now owns 26,050 shares of the company’s stock valued at $446,000 after buying an additional 1,050 shares during the last quarter. Royal Bank of Canada boosted its stake in Apollo Global Management by 18.8% in the second quarter. Royal Bank of Canada now owns 23,131 shares of the company’s stock valued at $350,000 after buying an additional 3,657 shares during the last quarter. Finally, National Asset Management Inc. boosted its stake in Apollo Global Management by 36.8% in the second quarter. National Asset Management Inc. now owns 17,938 shares of the company’s stock valued at $272,000 after buying an additional 4,828 shares during the last quarter.

In other news, insider Marc J. Rowan sold 565,519 shares of the stock in a transaction dated 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 the SEC website. Also, Director Pauline Richards bought 1,800 shares of Apollo Global Management 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.

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

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.