Apollo Global Management (NYSE:APO) had its price target reduced by Morgan Stanley stock analysts from $90.00 to $88.00 in a report on Friday, Benzinga reports. The company currently has an “overweight” rating on shares of the financial services provider. Morgan Stanley’s price target would suggest a potential upside of 31.34% from the stock’s previous close.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company assumed coverage for Apollo Global Management stocks in a Wednesday, Dec. 15, report. They issued an “overweight” rating and a target price of $91.00 for the company. Bank of America assumed coverage for Apollo Global Management shares in a Thursday, Dec. 16, report. They issued an “underperforming” rating and a target price of $78.00 for the company. Oppenheimer reduced Apollo Global Management shares from an “outperform” rating to a “market perform” rating and set a target price of $67.00 for the company. in a report on Wednesday, October 20. They noted that the move was a review call. Finally, Citigroup raised its price target on Apollo Global Management shares from $78.00 to $100.00 and gave the stock a “buy” rating in a Thursday, October 21 report. One equity research analyst gave the stock a sell rating, four gave the stock a hold rating and eight gave the stock a buy rating. According to MarketBeat, Apollo Global Management has an average rating of “Buy” and a consensus target price of $83.60.
APO opened at $67.00 on Friday. Apollo Global Management has a 12-month low of $45.40 and a 12-month high of $81.07. The company has a 50-day simple moving average of $71.57 and a 200-day simple moving average of $66.54. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt ratio of 0.40. The stock has a market capitalization of $16.52 billion, a price/earnings ratio of 8.05, a P/E/G ratio of 0.36 and a beta of 1.63.
Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Tuesday, November 2. The financial services provider reported earnings per share of $1.71 for the quarter, beating Thomson Reuters consensus estimate of $1.10 by $0.61. Apollo Global Management had a net margin of 33.52% and a return on equity of 17.83%. The company posted revenue of $550.95 million in the quarter, compared to $553.66 million expected by analysts. In the same quarter a year earlier, the company posted earnings of $0.47 per share. Sell-side analysts expect Apollo Global Management to post EPS of 4.61 for the current fiscal year.
In other Apollo Global Management news, Director Joshua Harris sold 218,883 shares in a trade that took place on Friday, December 10. The shares were sold at an average price of $70.23, for a total transaction of $15,372,153.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Kerry Murphy Healey purchased 7,000 shares of the company in a transaction on Monday, December 6. The shares were purchased at an average cost of $70.50 per share, with a total value of $493,500.00. Disclosure of this purchase can be found here. Insiders sold a total of 259,459 shares of the company worth $18,272,841 over the past three months. Insiders hold 3.90% of the shares of the company.
A number of large investors have recently changed their holdings in the company. Fiduciary Group LLC increased its stake in Apollo Global Management by 3.3% during the 3rd quarter. Fiduciary Group LLC now owns 4,675 shares of the financial services provider valued at $373,000 after acquiring an additional 150 shares last quarter. Intrua Financial LLC increased its stake in Apollo Global Management by 2.9% during the third quarter. Intrua Financial LLC now owns 5,254 shares of the financial services provider valued at $407,000 after acquiring an additional 150 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its stake in Apollo Global Management by 0.8% during the third quarter. Clifford Swan Investment Counsel LLC now owns 18,047 shares of the financial services provider valued at $1,378,000 after acquiring 152 additional shares in the last quarter. Global Retirement Partners LLC increased its stake in Apollo Global Management by 3.8% during the third quarter. Global Retirement Partners LLC now owns 5,207 shares of the financial services provider valued at $321,000 after acquiring an additional 190 shares in the last quarter. Finally, Mcdonald Partners LLC increased its stake in Apollo Global Management by 4.1% in the 3rd quarter. Mcdonald Partners LLC now owns 5,100 shares of the financial services provider valued at $314,000 after acquiring an additional 200 shares last quarter. Institutional investors and hedge funds own 81.36% of the company’s shares.
Apollo Global Management Company Profile
Provides asset management services
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