Apollo Global Management LLC (NYSE:APO) has received a consensus recommendation of “Buy” from the fourteen analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $45.55.

A number of brokerages have issued reports on APO. Wells Fargo & Co increased their price target on Apollo Global Management from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Zacks Investment Research lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Credit Suisse Group reiterated an “outperform” rating and issued a $54.00 price target (up previously from $45.00) on shares of Apollo Global Management in a research note on Tuesday, November 5th. Citigroup reiterated a “buy” rating and issued a $53.00 price target (up previously from $49.00) on shares of Apollo Global Management in a research note on Tuesday, October 29th. Finally, ValuEngine lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

APO stock traded down $0.38 during trading on Thursday, reaching $42.82. The company’s stock had a trading volume of 1,308,616 shares, compared to its average volume of 1,576,334. Apollo Global Management has a 1 year low of $22.63 and a 1 year high of $44.18. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $9.77 billion, a P/E ratio of -203.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. The company’s fifty day moving average is $40.67 and its 200-day moving average is $36.24.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.03). The business had revenue of $401.38 million during the quarter, compared to analyst estimates of $404.24 million. During the same period in the previous year, the firm earned $0.83 EPS. Analysts anticipate that Apollo Global Management will post 2.34 earnings per share for the current year.

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.50 per share. This is a positive change from Apollo Global Management’s previous dividend of $0.42. The ex-dividend date is Tuesday, November 19th. Apollo Global Management’s dividend payout ratio (DPR) is presently -952.38%.

In other news, CFO Martin Kelly sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $39.96, for a total transaction of $159,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 46.90% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Rothschild Investment Corp IL lifted its holdings in shares of Apollo Global Management by 0.5% in the 2nd quarter. Rothschild Investment Corp IL now owns 80,577 shares of the financial services provider’s stock valued at $2,764,000 after acquiring an additional 400 shares during the last quarter. Stelac Advisory Services LLC lifted its stake in Apollo Global Management by 3.9% in the third quarter. Stelac Advisory Services LLC now owns 11,423 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 430 shares during the last quarter. Catalyst Capital Advisors LLC lifted its stake in Apollo Global Management by 8.0% in the third quarter. Catalyst Capital Advisors LLC now owns 6,351 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 473 shares during the last quarter. Heritage Wealth Advisors lifted its stake in Apollo Global Management by 100.0% in the third quarter. Heritage Wealth Advisors now owns 1,000 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Apollo Global Management by 4.5% in the second quarter. Private Advisor Group LLC now owns 13,058 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.

About Apollo Global Management

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 (NYSE:APO)

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