Analysts Set Apollo Global Management LLC (APO) Target Price at $33.25

Apollo Global Management LLC (NYSE:APO) has received an average recommendation of “Buy” from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $33.54.

APO has been the subject of a number of research reports. Zacks Investment Research cut Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 price objective on shares of Apollo Global Management in a research report on Thursday, October 12th. Jefferies Group reiterated a “buy” rating and set a $34.00 price objective on shares of Apollo Global Management in a research report on Tuesday, September 26th. Wells Fargo & Company reiterated an “outperform” rating and set a $39.00 price objective (up previously from $34.00) on shares of Apollo Global Management in a research report on Thursday, November 2nd. Finally, Citigroup upped their price objective on Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd.

Apollo Global Management (NYSE:APO) traded down $0.13 during trading on Thursday, reaching $32.50. The company had a trading volume of 439,924 shares, compared to its average volume of 1,227,722. The stock has a market capitalization of $6,270.00, a PE ratio of 9.70, a PEG ratio of 1.08 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 1.74. Apollo Global Management has a 12 month low of $18.90 and a 12 month high of $33.37.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.51. The company had revenue of $645.20 million during the quarter, compared to analysts’ expectations of $467.72 million. Apollo Global Management had a return on equity of 64.11% and a net margin of 24.82%. Apollo Global Management’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. equities research analysts anticipate that Apollo Global Management will post 2.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.80%. The ex-dividend date was Monday, November 20th. Apollo Global Management’s dividend payout ratio is presently 51.32%.

In related news, major shareholder Tiger Global Management Llc purchased 43,714 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of $29.18 per share, with a total value of $1,275,574.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.11% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Apollo Global Management in the second quarter worth about $240,000. BNP Paribas Arbitrage SA boosted its stake in shares of Apollo Global Management by 4,656.1% in the second quarter. BNP Paribas Arbitrage SA now owns 65,491 shares of the financial services provider’s stock worth $1,732,000 after acquiring an additional 64,114 shares during the period. WESPAC Advisors LLC boosted its stake in shares of Apollo Global Management by 74.2% in the second quarter. WESPAC Advisors LLC now owns 50,939 shares of the financial services provider’s stock worth $1,347,000 after acquiring an additional 21,691 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Apollo Global Management by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 5,394,866 shares of the financial services provider’s stock worth $163,950,000 after acquiring an additional 152,999 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Apollo Global Management by 29.1% in the second quarter. Renaissance Technologies LLC now owns 861,934 shares of the financial services provider’s stock worth $22,798,000 after acquiring an additional 194,102 shares during the period. 72.43% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Apollo Global Management (NYSE:APO)

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