Apollo Global Management, LLC (NYSE:APO) – Research analysts at Oppenheimer Holdings lifted their FY2016 earnings per share (EPS) estimates for Apollo Global Management in a research report issued on Sunday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the firm will earn $2.06 per share for the year, up from their previous forecast of $1.74. Oppenheimer Holdings also issued estimates for Apollo Global Management’s Q4 2016 earnings at $0.68 EPS and FY2017 earnings at $2.06 EPS.
APO has been the topic of a number of other reports. Vetr raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating and set a $20.72 price target on the stock in a research report on Thursday, October 13th. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Tuesday, December 6th. Goldman Sachs Group, Inc. (The) raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and raised their price target for the stock from $20.00 to $24.00 in a research report on Wednesday, January 4th. Jefferies Group raised their target price on shares of Apollo Global Management from $21.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Finally, TheStreet lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $21.34.
Apollo Global Management (NYSE:APO) traded up 0.43% during midday trading on Wednesday, hitting $21.23. 593,629 shares of the company were exchanged. Apollo Global Management has a one year low of $12.35 and a one year high of $21.64. The firm’s 50-day moving average price is $19.81 and its 200-day moving average price is $18.22. The stock has a market capitalization of $3.94 billion, a PE ratio of 16.88 and a beta of 1.27.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.12. The business earned $660.45 million during the quarter, compared to the consensus estimate of $429 million. Apollo Global Management had a net margin of 16.36% and a return on equity of 44.96%. Apollo Global Management’s revenue for the quarter was up 160.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 earnings per share.
In other news, insider John J. Suydam sold 49,358 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $20.01, for a total value of $987,653.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.11% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the stock. Morgan Stanley increased its stake in Apollo Global Management by 9.1% in the third quarter. Morgan Stanley now owns 7,619,834 shares of the company’s stock worth $136,852,000 after buying an additional 636,663 shares during the last quarter. GMT Capital Corp increased its stake in Apollo Global Management by 107.8% in the third quarter. GMT Capital Corp now owns 6,598,833 shares of the company’s stock worth $66,628,000 after buying an additional 3,422,692 shares during the last quarter. Beck Mack & Oliver LLC increased its stake in Apollo Global Management by 13.6% in the third quarter. Beck Mack & Oliver LLC now owns 2,908,412 shares of the company’s stock worth $52,235,000 after buying an additional 347,854 shares during the last quarter. Coronation Fund Managers Ltd. bought a new stake in Apollo Global Management during the second quarter worth $43,434,000. Finally, Bank of Montreal Can increased its stake in Apollo Global Management by 85.7% in the third quarter. Bank of Montreal Can now owns 1,385,000 shares of the company’s stock worth $24,875,000 after buying an additional 639,200 shares during the last quarter. Institutional investors own 64.59% of the company’s stock.
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 operates through three segments: Private equity, Credit and Real estate.
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