Apollo Global Management, LLC (NYSE:APO) had its price target raised by Deutsche Bank AG from $27.00 to $30.00 in a report released on Thursday. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 6.61% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Jefferies Group LLC reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday. BidaskClub raised Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research report on Monday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $33.00 price objective on shares of Apollo Global Management in a research report on Friday, July 14th. Oppenheimer Holdings, Inc. upped their price objective on Apollo Global Management from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Finally, Zacks Investment Research cut Apollo Global Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $27.84.

Shares of Apollo Global Management (NYSE:APO) traded up 3.09% during midday trading on Thursday, reaching $29.01. The company had a trading volume of 917,981 shares. The company’s 50 day moving average price is $27.30 and its 200-day moving average price is $25.16. The company has a market capitalization of $5.54 billion, a P/E ratio of 9.53 and a beta of 1.22. Apollo Global Management has a 52 week low of $17.23 and a 52 week high of $29.20.

Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Apollo Global Management had a return on equity of 72.89% and a net margin of 23.30%. The company had revenue of $432.87 million for the quarter, compared to analyst estimates of $455.29 million. During the same period in the previous year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was down 34.5% compared to the same quarter last year. On average, equities research analysts predict that Apollo Global Management will post $2.45 earnings per share for the current fiscal year.

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In other Apollo Global Management news, major shareholder Tiger Global Management Llc bought 298,200 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was acquired at an average cost of $26.19 per share, with a total value of $7,809,858.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have bought 4,106,218 shares of company stock valued at $110,154,971. Company insiders own 4.11% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in APO. LLBH Private Wealth Management LLC bought a new stake in shares of Apollo Global Management during the second quarter worth approximately $910,000. Pinnacle Financial Partners Inc. bought a new stake in shares of Apollo Global Management during the second quarter worth approximately $635,000. New Amsterdam Partners LLC NY boosted its stake in shares of Apollo Global Management by 1.0% in the second quarter. New Amsterdam Partners LLC NY now owns 87,579 shares of the financial services provider’s stock worth $2,316,000 after buying an additional 843 shares during the period. Wedbush Securities Inc. boosted its stake in shares of Apollo Global Management by 5.7% in the second quarter. Wedbush Securities Inc. now owns 9,280 shares of the financial services provider’s stock worth $245,000 after buying an additional 500 shares during the period. Finally, Sigma Planning Corp boosted its stake in shares of Apollo Global Management by 17.4% in the second quarter. Sigma Planning Corp now owns 49,192 shares of the financial services provider’s stock worth $1,301,000 after buying an additional 7,286 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

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’s segments include private equity, credit and real estate.

Analyst Recommendations for Apollo Global Management (NYSE:APO)

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