Apollo Global Management (NYSE:APO)‘s stock had its “buy” rating reiterated by investment analysts at Barclays in a research report issued to clients and investors on Sunday, AnalystRatings.com reports. They currently have a $44.00 target price on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 13.78% from the company’s current price.
Other research analysts have also issued research reports about the stock. ValuEngine lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BMO Capital Markets initiated coverage on shares of Apollo Global Management in a research note on Monday, October 7th. They set an “outperform” rating and a $52.00 price target on the stock. Morgan Stanley upped their price target on shares of Apollo Global Management from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Bank of America upped their price target on shares of Apollo Global Management from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Co upped their price target on shares of Apollo Global Management from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Apollo Global Management has a consensus rating of “Buy” and a consensus target price of $42.58.
Shares of Apollo Global Management stock opened at $38.67 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.24. Apollo Global Management has a 12-month low of $22.63 and a 12-month high of $41.79. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of -184.14, a PEG ratio of 1.04 and a beta of 1.48. The firm’s 50 day simple moving average is $38.86 and its two-hundred day simple moving average is $34.21.
Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.02). The business had revenue of $523.30 million for the quarter, compared to analyst estimates of $398.72 million. During the same quarter last year, the firm earned $0.53 EPS. The company’s quarterly revenue was down 17.8% compared to the same quarter last year. On average, sell-side analysts predict that Apollo Global Management will post 2.37 EPS for the current fiscal year.
In other news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $39.96, for a total value of $159,840.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pauline Richards acquired 2,720 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $30.85 per share, for a total transaction of $83,912.00. The disclosure for this purchase can be found here. 46.90% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Arlington Partners LLC acquired a new stake in shares of Apollo Global Management in the second quarter worth $34,000. NEXT Financial Group Inc acquired a new stake in shares of Apollo Global Management in the second quarter worth $54,000. Boston Partners acquired a new stake in shares of Apollo Global Management in the second quarter worth $125,000. Arden Trust Co purchased a new stake in Apollo Global Management during the third quarter worth $200,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Apollo Global Management during the third quarter worth $203,000. Hedge funds and other institutional investors own 72.51% of the company’s stock.
Apollo Global Management Company Profile
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.
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