Apollo Global Management, LLC (NYSE:APO) Given New $33.00 Price Target at Oppenheimer Holdings, Inc.

Apollo Global Management, LLC (NYSE:APO) had its price objective increased by Oppenheimer Holdings, Inc. from $31.00 to $33.00 in a report released on Friday, July 14th. They currently have an outperform rating on the financial services provider’s stock. Oppenheimer Holdings also issued estimates for Apollo Global Management’s FY2018 earnings at $2.82 EPS.

APO has been the topic of several other reports. Zacks Investment Research downgraded shares of Apollo Global Management from a buy rating to a hold rating in a report on Friday, April 7th. Morgan Stanley reissued an equal weight rating and issued a $26.00 price target (up from $25.00) on shares of Apollo Global Management in a report on Monday, July 10th. BidaskClub downgraded shares of Apollo Global Management from a strong-buy rating to a buy rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a buy rating and issued a $25.00 price target on shares of Apollo Global Management in a report on Friday, March 17th. Finally, Goldman Sachs Group, Inc. (The) increased their price target on shares of Apollo Global Management from $30.00 to $32.00 and gave the stock a buy rating in a report on Wednesday, June 7th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $26.91.

Shares of Apollo Global Management (NYSE:APO) traded down 1.00% during mid-day trading on Friday, reaching $27.78. 471,513 shares of the company’s stock traded hands. The company has a market cap of $5.31 billion, a P/E ratio of 9.13 and a beta of 1.22. The firm has a 50-day moving average of $27.26 and a 200 day moving average of $24.96. Apollo Global Management has a 12-month low of $16.84 and a 12-month high of $29.20.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Friday, April 28th. The financial services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.19. The business had revenue of $641.55 million for the quarter, compared to the consensus estimate of $570.83 million. Apollo Global Management had a net margin of 23.30% and a return on equity of 72.89%. The company’s revenue was up 431.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.18) earnings per share. Equities analysts forecast that Apollo Global Management will post $2.47 EPS for the current year.

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In other news, insider Marc J. Rowan sold 188,703 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $26.82, for a total value of $5,061,014.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Tiger Global Management Llc purchased 295,500 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was bought at an average price of $26.73 per share, for a total transaction of $7,898,715.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 3,994,985 shares of company stock worth $106,707,165 and have sold 1,260,000 shares worth $33,537,989. 4.11% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. TCI Wealth Advisors Inc. boosted its stake in Apollo Global Management by 38.4% in the first quarter. TCI Wealth Advisors Inc. now owns 5,770 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,601 shares during the period. Penserra Capital Management LLC boosted its stake in Apollo Global Management by 98.2% in the first quarter. Penserra Capital Management LLC now owns 5,890 shares of the financial services provider’s stock valued at $143,000 after buying an additional 2,918 shares during the period. Global X Management Co. LLC bought a new stake in Apollo Global Management during the first quarter valued at $161,000. NEXT Financial Group Inc boosted its stake in Apollo Global Management by 106.5% in the second quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock valued at $169,000 after buying an additional 3,300 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Apollo Global Management during the first quarter valued at $197,000. Institutional investors and hedge funds own 75.71% 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.