Apollo Global Management, LLC (NYSE:APO) had its target price boosted by Citigroup Inc. from $35.50 to $38.00 in a research report report published on Thursday, November 2nd. They currently have a buy rating on the financial services provider’s stock.
Several other analysts have also recently weighed in on APO. Morgan Stanley upped their price objective on shares of Apollo Global Management from $26.00 to $28.00 and gave the stock an equal weight rating in a research note on Tuesday, August 8th. JMP Securities reaffirmed an outperform rating and set a $32.00 price objective on shares of Apollo Global Management in a research note on Friday, August 4th. Jefferies Group LLC reissued a buy rating and set a $34.00 price target on shares of Apollo Global Management in a research note on Tuesday, September 26th. Oppenheimer Holdings, Inc. increased their price target on shares of Apollo Global Management from $31.00 to $33.00 and gave the company an outperform rating in a research note on Friday, July 14th. Finally, BidaskClub raised shares of Apollo Global Management from a buy rating to a strong-buy rating in a research note on Monday, July 31st. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Apollo Global Management currently has an average rating of Buy and an average target price of $33.38.
Shares of Apollo Global Management (NYSE APO) traded up $0.43 on Thursday, hitting $29.62. 1,046,300 shares of the stock were exchanged, compared to its average volume of 1,250,878. The firm has a market capitalization of $5,649.43, a price-to-earnings ratio of 8.77, a P/E/G ratio of 0.98 and a beta of 1.23. Apollo Global Management has a 1-year low of $18.75 and a 1-year high of $33.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.74.
Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.51. The business had revenue of $645.20 million for the quarter, compared to analysts’ expectations of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. equities research analysts predict that Apollo Global Management will post 2.98 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.27%. The ex-dividend date is Monday, November 20th. Apollo Global Management’s dividend payout ratio (DPR) is 67.97%.
In related news, major shareholder Tiger Global Management Llc purchased 253,672 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average cost of $28.48 per share, with a total value of $7,224,578.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director A B. Krongard purchased 1,000 shares of the firm’s stock in a transaction that occurred 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. 4.11% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. grew its holdings in Apollo Global Management by 30.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,225 shares of the financial services provider’s stock worth $1,452,000 after acquiring an additional 11,248 shares during the last quarter. First Allied Advisory Services Inc. grew its holdings in Apollo Global Management by 91.5% during the 3rd quarter. First Allied Advisory Services Inc. now owns 51,682 shares of the financial services provider’s stock worth $1,548,000 after acquiring an additional 24,690 shares during the last quarter. L & S Advisors Inc bought a new stake in Apollo Global Management during the 3rd quarter worth approximately $932,000. Beck Capital Management LLC grew its holdings in Apollo Global Management by 8.7% during the 3rd quarter. Beck Capital Management LLC now owns 143,497 shares of the financial services provider’s stock worth $4,319,000 after acquiring an additional 11,486 shares during the last quarter. Finally, Lido Advisors LLC bought a new stake in Apollo Global Management during the 3rd quarter worth approximately $654,000. 73.69% of the stock is currently owned by hedge funds and other institutional investors.
About Apollo Global Management
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.
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