Apollo Global Management LLC Class A (NYSE:APO) had its price target hoisted by Credit Suisse Group from $38.00 to $39.00 in a research note issued to investors on Friday. The firm currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on APO. ValuEngine upgraded shares of Apollo Global Management LLC Class A from a hold rating to a buy rating in a report on Wednesday, July 4th. Zacks Investment Research upgraded shares of Apollo Global Management LLC Class A from a strong sell rating to a hold rating in a report on Monday, June 11th. Oppenheimer restated a buy rating on shares of Apollo Global Management LLC Class A in a report on Thursday, August 2nd. Finally, Morgan Stanley set a $42.00 price objective on shares of Apollo Global Management LLC Class A and gave the company a buy rating in a research note on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $39.10.

APO opened at $35.90 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.60. Apollo Global Management LLC Class A has a fifty-two week low of $28.00 and a fifty-two week high of $37.35. The stock has a market capitalization of $7.27 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 2.51 and a beta of 1.22.

Apollo Global Management LLC Class A (NYSE:APO) last posted its earnings results on Thursday, August 2nd. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.27). Apollo Global Management LLC Class A had a return on equity of 48.19% and a net margin of 19.59%. The business had revenue of $449.71 million during the quarter, compared to analyst estimates of $608.66 million. During the same quarter in the prior year, the company earned $0.46 EPS. equities analysts forecast that Apollo Global Management LLC Class A will post 1.44 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 17th were paid a $0.43 dividend. This is a positive change from Apollo Global Management LLC Class A’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, August 16th. This represents a $1.72 annualized dividend and a yield of 4.79%. Apollo Global Management LLC Class A’s dividend payout ratio (DPR) is 48.18%.

In other Apollo Global Management LLC Class A news, insider Joshua Harris sold 30,381 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $35.28, for a total value of $1,071,841.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 11,500 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $35.66, for a total transaction of $410,090.00. The disclosure for this sale can be found here. Company insiders own 4.11% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Morse Asset Management Inc increased its stake in shares of Apollo Global Management LLC Class A by 17.6% during the 2nd quarter. Morse Asset Management Inc now owns 32,625 shares of the financial services provider’s stock worth $1,040,000 after purchasing an additional 4,875 shares during the last quarter. Miller Value Partners LLC increased its stake in shares of Apollo Global Management LLC Class A by 5.2% during the 2nd quarter. Miller Value Partners LLC now owns 303,000 shares of the financial services provider’s stock worth $9,657,000 after purchasing an additional 15,000 shares during the last quarter. Lake Street Advisors Group LLC purchased a new stake in shares of Apollo Global Management LLC Class A during the 2nd quarter worth approximately $1,096,000. Centaurus Financial Inc. purchased a new stake in shares of Apollo Global Management LLC Class A during the 2nd quarter worth approximately $139,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Apollo Global Management LLC Class A by 482.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,683 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 3,051 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

Apollo Global Management LLC Class A 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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Analyst Recommendations for Apollo Global Management LLC Class A (NYSE:APO)

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