Apollo Global Management LLC (NYSE:APO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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 equities research analysts have also weighed in on APO. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $18.00 to $22.00 in a report on Thursday, August 4th. Deutsche Bank AG boosted their price target on shares of Apollo Global Management from $15.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 4th. JMP Securities boosted their price target on shares of Apollo Global Management from $26.00 to $27.00 and gave the company a “market outperform” rating in a report on Thursday, August 4th. Oppenheimer Holdings Inc. upgraded shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $17.61 to $19.00 in a report on Friday, August 5th. Finally, Vetr lowered shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating and set a $20.34 price target for the company. in a report on Monday, August 8th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.51.

Analyst Recommendations for Apollo Global Management (NYSE:APO)

Shares of Apollo Global Management (NYSE:APO) opened at 19.05 on Friday. Apollo Global Management has a 12-month low of $12.35 and a 12-month high of $19.57. The stock’s 50 day moving average is $18.11 and its 200-day moving average is $17.25. The stock has a market cap of $3.53 billion, a PE ratio of 15.14 and a beta of 1.77.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.12. The company had revenue of $660.45 million for the quarter, compared to the consensus estimate of $429 million. During the same quarter in the previous year, the business earned $0.26 EPS. The company’s quarterly revenue was up 160.6% compared to the same quarter last year. Equities analysts expect that Apollo Global Management will post $1.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 21st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 7.35%. The ex-dividend date of this dividend is Thursday, November 17th.

Several hedge funds have recently added to or reduced their stakes in APO. TCI Wealth Advisors Inc. increased its stake in Apollo Global Management by 2.0% in the third quarter. TCI Wealth Advisors Inc. now owns 6,307 shares of the company’s stock valued at $113,000 after buying an additional 124 shares during the period. Hollencrest Securities LLC increased 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 period. Baird Financial Group Inc. increased 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 period. Williams Jones & Associates LLC increased 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 period. Finally, DnB Asset Management AS increased its stake in Apollo Global Management by 1.8% in the third quarter. DnB Asset Management AS now owns 62,800 shares of the company’s stock valued at $1,128,000 after buying an additional 1,100 shares during the period.

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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