Apollo Global Management, LLC (NYSE:APO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

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 research analysts also recently weighed in on APO. Oppenheimer Holdings, Inc. lifted their price target on Apollo Global Management from $31.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $33.00 price target on shares of Apollo Global Management in a report on Friday, July 14th. BidaskClub upgraded Apollo Global Management from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 3rd. Finally, Deutsche Bank AG lifted their price target on Apollo Global Management from $27.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $33.38.

Apollo Global Management (APO) opened at $30.50 on Wednesday. Apollo Global Management has a twelve month low of $18.11 and a twelve month high of $33.37. The company has a current ratio of 1.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $6,038.44, a price-to-earnings ratio of 9.35, a PEG ratio of 1.04 and a beta of 1.23.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.51. Apollo Global Management had a return on equity of 64.11% and a net margin of 24.82%. The business had revenue of $645.20 million for the quarter, compared to the consensus estimate of $467.72 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. Apollo Global Management’s revenue for the quarter was up 31.1% compared to the same quarter last year. analysts expect that Apollo Global Management will post 2.98 EPS for the current fiscal year.

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In related news, major shareholder Tiger Global Management Llc purchased 253,672 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $28.48 per share, for a total transaction of $7,224,578.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A B. Krongard purchased 1,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were bought at an average price of $29.28 per share, with a total value of $29,280.00. The disclosure for this purchase can be found here. Corporate insiders own 4.11% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in APO. Ameriprise Financial Inc. bought a new stake in shares of Apollo Global Management during the 1st quarter worth about $234,000. Renaissance Technologies LLC lifted its position in shares of Apollo Global Management by 4,255.2% during the 1st quarter. Renaissance Technologies LLC now owns 667,832 shares of the financial services provider’s stock worth $16,242,000 after purchasing an additional 652,498 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Apollo Global Management during the 2nd quarter worth about $54,333,000. NEXT Financial Group Inc lifted its position in shares of Apollo Global Management by 106.5% during the 2nd quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its position in shares of Apollo Global Management by 132.8% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 18,297 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 10,437 shares during the last quarter. Institutional investors own 73.60% of the company’s stock.

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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