News stories about Apollo Global Management (NYSE:APO) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apollo Global Management earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.1550156113467 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Cerberus Bids Nearly $850 Million for a Once-Major Shipping Lender (finance.yahoo.com)
- Head to Head Survey: Northern Trust (NTRS) & Apollo Global Management (APO) (americanbankingnews.com)
- Stock Traders Purchase Large Volume of Call Options on Apollo Global Management (APO) (americanbankingnews.com)
- Gramercy Funds Management Expands Credit Research Team with the Hiring of Belinda Hill (markets.businessinsider.com)
- Apollo Global-backed Northwoods to buy SM Energy’s core Powder River Basin assets (pehub.com)
Several brokerages have recently issued reports on APO. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Monday, November 6th. Jefferies Group lifted their price objective on Apollo Global Management from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Credit Suisse Group lifted their price objective on Apollo Global Management from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Wells Fargo & Co reissued an “outperform” rating and set a $39.00 price objective (up from $34.00) on shares of Apollo Global Management in a report on Thursday, November 2nd. Finally, Morgan Stanley raised Apollo Global Management from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Apollo Global Management currently has a consensus rating of “Buy” and a consensus price target of $34.46.
Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, November 1st. The financial services provider reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.51. Apollo Global Management had a return on equity of 64.11% and a net margin of 24.82%. The firm had revenue of $645.20 million for the quarter, compared to analysts’ expectations of $467.72 million. During the same quarter in the previous year, the business posted $0.58 EPS. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. research analysts anticipate that Apollo Global Management will post 2.97 earnings per share for the current fiscal year.
In related news, major shareholder Tiger Global Management Llc acquired 43,714 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were bought at an average price of $29.18 per share, for a total transaction of $1,275,574.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.11% of the company’s stock.
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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.
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