Equities research analysts expect Apollo Global Management LLC (NYSE:APO) to post $586.33 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Apollo Global Management’s earnings, with estimates ranging from $573.00 million to $599.66 million. Apollo Global Management reported sales of $643.55 million during the same quarter last year, which indicates a negative year over year growth rate of 8.9%. The firm is expected to report its next quarterly earnings report on Friday, April 27th.

According to Zacks, analysts expect that Apollo Global Management will report full-year sales of $586.33 million for the current financial year, with estimates ranging from $2.54 billion to $3.06 billion. For the next year, analysts expect that the business will report sales of $2.98 billion per share, with estimates ranging from $2.71 billion to $3.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Apollo Global Management.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.55. Apollo Global Management had a net margin of 23.92% and a return on equity of 66.33%. The company had revenue of $869.50 million during the quarter, compared to analyst estimates of $599.38 million. During the same period in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 26.9% on a year-over-year basis.

A number of research firms have commented on APO. Zacks Investment Research raised shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Monday, February 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $43.00 price objective on shares of Apollo Global Management in a research note on Thursday, February 1st. Credit Suisse Group upped their price objective on shares of Apollo Global Management from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Citigroup upped their price objective on shares of Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, ValuEngine raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Apollo Global Management presently has a consensus rating of “Buy” and a consensus price target of $36.33.

In related news, Director Pauline Richards purchased 1,280 shares of Apollo Global Management stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average cost of $33.66 per share, with a total value of $43,084.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Tiger Global Management Llc purchased 43,714 shares of Apollo Global Management stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $29.18 per share, with a total value of $1,275,574.52. The disclosure for this purchase can be found here. Insiders sold 4,520,000 shares of company stock valued at $153,677,150 over the last three months. 4.11% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in Apollo Global Management in the second quarter worth approximately $240,000. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 152,999 shares during the last quarter. Thornburg Investment Management Inc. increased its holdings in Apollo Global Management by 1.8% in the third quarter. Thornburg Investment Management Inc. now owns 1,003,908 shares of the financial services provider’s stock worth $30,218,000 after buying an additional 17,490 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Apollo Global Management by 20.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 26,279 shares of the financial services provider’s stock worth $695,000 after buying an additional 4,460 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its holdings in Apollo Global Management by 91.5% in the third quarter. First Allied Advisory Services Inc. now owns 51,682 shares of the financial services provider’s stock worth $1,548,000 after buying an additional 24,690 shares during the last quarter. Hedge funds and other institutional investors own 71.76% of the company’s stock.

Shares of Apollo Global Management (NYSE:APO) opened at $32.33 on Friday. 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 52 week low of $21.39 and a 52 week high of $37.35. The company has a market cap of $6,257.15, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.94 and a beta of 1.03.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 21st will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 8.17%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, February 20th. Apollo Global Management’s dividend payout ratio is 50.16%.

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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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