Keefe, Bruyette & Woods restated their buy rating on shares of Apollo Global Management, LLC (NYSE:APO) in a research note issued to investors on Thursday morning. Keefe, Bruyette & Woods currently has a $35.00 price objective on the financial services provider’s stock.

APO has been the subject of several other research reports. Deutsche Bank AG increased their price objective on Apollo Global Management from $27.00 to $30.00 and gave the company a hold rating in a report on Thursday, August 3rd. Jefferies Group LLC reissued a buy rating and issued a $34.00 target price on shares of Apollo Global Management in a research report on Tuesday, September 26th. Morgan Stanley reissued an equal weight rating and issued a $26.00 target price (up from $25.00) on shares of Apollo Global Management in a research report on Monday, July 10th. Zacks Investment Research raised Apollo Global Management from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Monday, July 3rd. Finally, UBS AG reissued a buy rating and issued a $32.00 target price (up from $30.00) on shares of Apollo Global Management in a research report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $29.75.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04). Apollo Global Management had a net margin of 21.79% and a return on equity of 59.61%. The business had revenue of $432.87 million for the quarter, compared to analysts’ expectations of $455.29 million. During the same quarter in the prior year, the company posted $0.98 EPS. The business’s revenue for the quarter was down 34.5% on a year-over-year basis.

COPYRIGHT VIOLATION NOTICE: This report was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/13/apollo-global-management-llc-apo-receives-buy-rating-from-keefe-bruyette-woods.html.

In related news, Director Robert K. Kraft purchased 30,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $28.88 per share, with a total value of $866,400.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director A B. Krongard purchased 1,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were bought at an average cost of $29.28 per share, for a total transaction of $29,280.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,399,918 shares of company stock worth $39,210,819 over the last ninety days. 4.11% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. grew its position in Apollo Global Management by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 20,534 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 53 shares during the period. Veritable L.P. grew its position in Apollo Global Management by 1.4% during the 2nd quarter. Veritable L.P. now owns 13,037 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 182 shares during the period. Wedbush Securities Inc. grew its position in Apollo Global Management by 5.7% during the 2nd quarter. Wedbush Securities Inc. now owns 9,280 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 500 shares during the period. HighTower Advisors LLC grew its position in Apollo Global Management by 0.8% during the 1st quarter. HighTower Advisors LLC now owns 68,399 shares of the financial services provider’s stock worth $1,666,000 after purchasing an additional 549 shares during the period. Finally, Penserra Capital Management LLC grew its position in Apollo Global Management by 10.0% during the 2nd quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 589 shares during the period. 73.58% of the stock is currently owned by 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)

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.