Apollo Global Management LLC (NYSE:APO) – Investment analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for Apollo Global Management in a research report issued on Monday, February 11th. Jefferies Financial Group analyst G. O’hara forecasts that the financial services provider will post earnings of $0.53 per share for the quarter. Jefferies Financial Group also issued estimates for Apollo Global Management’s Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.61 EPS and FY2020 earnings at $2.59 EPS.
A number of other analysts also recently weighed in on the stock. TheStreet downgraded shares of Apollo Global Management from a “b” rating to a “c” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Argus cut their price target on shares of Apollo Global Management from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, February 5th. Morgan Stanley downgraded shares of Apollo Global Management from an “overweight” rating to an “equal weight” rating and set a $34.00 target price on the stock. in a report on Wednesday, November 14th. Finally, Citigroup dropped their target price on shares of Apollo Global Management from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $37.00.
Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, January 31st. The financial services provider reported ($1.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.29). The firm had revenue of ($114.89) million during the quarter. Apollo Global Management had a net margin of 19.45% and a return on equity of 16.41%.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Thursday, February 21st will be issued a dividend of $0.56 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.24 annualized dividend and a yield of 7.43%. The ex-dividend date is Wednesday, February 20th. Apollo Global Management’s dividend payout ratio (DPR) is -876.19%.
In related news, major shareholder Tiger Global Management Llc bought 965,000 shares of the company’s stock in a transaction on Friday, November 16th. The shares were purchased at an average cost of $28.09 per share, for a total transaction of $27,106,850.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Martin Kelly sold 9,800 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $29.66, for a total transaction of $290,668.00. The disclosure for this sale can be found here. Insiders have acquired a total of 3,088,800 shares of company stock worth $78,361,913 over the last 90 days. Corporate insiders own 4.11% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Ancora Advisors LLC bought a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $156,000. Alpine Global Management LLC bought a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $210,000. Parametrica Management Ltd bought a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $219,000. B. Riley Wealth Management Inc. bought a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $220,000. Finally, Stelac Advisory Services LLC grew its stake in shares of Apollo Global Management by 5.6% during the 4th quarter. Stelac Advisory Services LLC now owns 6,605 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 352 shares in the last quarter. 74.21% of the stock is owned by institutional investors.
About Apollo Global Management
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.
Featured Story: How Does the Quiet Period Work?
Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.