Apollo Global Management, LLC (NYSE:APO)‘s stock had its “buy” rating reaffirmed by Keefe, Bruyette & Woods in a research report issued on Thursday. They currently have a $35.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 12.43% from the stock’s previous close.

APO has been the topic of a number of other reports. Deutsche Bank AG boosted their target price on Apollo Global Management from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $34.00 target price on shares of Apollo Global Management in a research report on Tuesday, September 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 target price (up from $25.00) on shares of Apollo Global Management in a research report on Monday, July 10th. Zacks Investment Research upgraded Apollo Global Management from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, July 3rd. Finally, UBS AG reiterated a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Apollo Global Management in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Apollo Global Management has an average rating of “Buy” and a consensus price target of $30.50.

Apollo Global Management (NYSE:APO) opened at 31.13 on Thursday. Apollo Global Management has a 12 month low of $17.38 and a 12 month high of $31.69. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 12.19 and a beta of 1.20. The stock’s 50 day moving average price is $29.82 and its 200 day moving average price is $27.80.

Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The firm had revenue of $432.87 million during the quarter, compared to analysts’ expectations of $455.29 million. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. Apollo Global Management’s quarterly revenue was down 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Equities research analysts anticipate that Apollo Global Management will post $2.49 earnings per share for the current fiscal year.

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In other news, insider John J. Suydam sold 46,617 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $30.01, for a total transaction of $1,398,976.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Tiger Global Management Llc bought 253,672 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average cost of $28.48 per share, for a total transaction of $7,224,578.56. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,399,918 shares of company stock worth $39,210,819. Insiders own 4.11% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in shares of Apollo Global Management by 4,656.1% during the second quarter. BNP Paribas Arbitrage SA now owns 65,491 shares of the financial services provider’s stock valued at $1,732,000 after buying an additional 64,114 shares during the last quarter. WESPAC Advisors LLC grew its stake in shares of Apollo Global Management by 74.2% during the second quarter. WESPAC Advisors LLC now owns 50,939 shares of the financial services provider’s stock valued at $1,347,000 after buying an additional 21,691 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Apollo Global Management by 231.6% during the first quarter. Oppenheimer & Co. Inc. now owns 96,491 shares of the financial services provider’s stock valued at $2,347,000 after buying an additional 67,388 shares during the last quarter. Apriem Advisors bought a new position in shares of Apollo Global Management during the second quarter valued at approximately $733,000. Finally, Rothschild Investment Corp IL bought a new position in shares of Apollo Global Management during the second quarter valued at approximately $2,157,000. 73.58% of the stock is currently owned by hedge funds and other institutional investors.

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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