Apollo Global Management (NYSE:APO) was downgraded by Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, MarketBeat reports.
Several other equities analysts have also weighed in on the stock. Wells Fargo & Co increased their price objective on shares of Apollo Global Management from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Credit Suisse Group reissued an “outperform” rating and issued a $54.00 price objective (up from $45.00) on shares of Apollo Global Management in a research report on Tuesday, November 5th. ValuEngine lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank raised their price target on shares of Apollo Global Management from $45.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Finally, Bank of America raised their price target on shares of Apollo Global Management from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.15.
Shares of APO opened at $48.81 on Tuesday. The firm has a market capitalization of $10.89 billion, a PE ratio of -232.43, a PEG ratio of 1.26 and a beta of 1.51. The company’s 50-day moving average is $46.58 and its 200-day moving average is $40.16. Apollo Global Management has a fifty-two week low of $26.94 and a fifty-two week high of $50.35. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.38 and a quick ratio of 1.38.
Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.03). The firm had revenue of $401.38 million for the quarter, compared to the consensus estimate of $404.24 million. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Analysts predict that Apollo Global Management will post 2.33 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in APO. Amundi Pioneer Asset Management Inc. increased its position in Apollo Global Management by 46.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 588,058 shares of the financial services provider’s stock worth $16,613,000 after acquiring an additional 186,658 shares during the period. Renaissance Technologies LLC acquired a new stake in Apollo Global Management during the second quarter worth about $5,568,000. Meadow Creek Investment Management LLC grew its stake in Apollo Global Management by 20.0% during the second quarter. Meadow Creek Investment Management LLC now owns 9,200 shares of the financial services provider’s stock worth $316,000 after buying an additional 1,536 shares in the last quarter. HighTower Advisors LLC grew its stake in Apollo Global Management by 197.4% during the second quarter. HighTower Advisors LLC now owns 33,732 shares of the financial services provider’s stock worth $1,152,000 after buying an additional 22,389 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Apollo Global Management by 4.5% during the second quarter. Private Advisor Group LLC now owns 13,058 shares of the financial services provider’s stock worth $422,000 after buying an additional 560 shares in the last quarter. 68.76% of the stock is currently owned by institutional investors and hedge funds.
Apollo Global Management Company Profile
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.
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