Apollo Global Management, LLC (NYSE:APO)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $31.70 and last traded at $31.73, with a volume of 657,117 shares trading hands. The stock had previously closed at $31.38.

APO has been the topic of several recent research reports. Zacks Investment Research raised shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Tuesday, October 10th. Jefferies Group LLC reissued a “buy” rating and set a $34.00 target price on shares of Apollo Global Management in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $35.00 target price on shares of Apollo Global Management in a research report on Thursday, October 12th. BidaskClub cut shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Morgan Stanley lifted their target price on shares of Apollo Global Management from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.50.

The company has a market capitalization of $6.16 billion, a P/E ratio of 12.44 and a beta of 1.20. The stock has a 50 day moving average of $29.84 and a 200 day moving average of $27.87.

Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04). The firm had revenue of $432.87 million during the quarter, compared to the consensus estimate of $455.29 million. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The company’s quarterly revenue was down 34.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. Equities research analysts expect that Apollo Global Management, LLC will post $2.50 earnings per share for the current year.

In related news, Director Robert K. Kraft acquired 30,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $28.88 per share, for a total transaction of $866,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Tiger Global Management Llc acquired 100,916 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were bought at an average price of $27.36 per share, for a total transaction of $2,761,061.76. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,399,918 shares of company stock worth $39,210,819. 4.11% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APO. Ameriprise Financial Inc. bought a new position in Apollo Global Management in the first quarter worth approximately $234,000. PNC Financial Services Group Inc. raised its position in Apollo Global Management by 6.0% in the first quarter. PNC Financial Services Group Inc. now owns 41,252 shares of the financial services provider’s stock worth $1,003,000 after acquiring an additional 2,350 shares during the period. Legal & General Group Plc raised its position in Apollo Global Management by 6.7% in the first quarter. Legal & General Group Plc now owns 439,743 shares of the financial services provider’s stock worth $10,688,000 after acquiring an additional 27,619 shares during the period. Global X Management Co. LLC bought a new position in Apollo Global Management in the first quarter worth approximately $161,000. Finally, Renaissance Technologies LLC raised its position in Apollo Global Management by 4,255.2% in the first quarter. Renaissance Technologies LLC now owns 667,832 shares of the financial services provider’s stock worth $16,242,000 after acquiring an additional 652,498 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

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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.

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