Apollo Global Management (NYSE:APO) had its target price reduced by Bank of America from $54.00 to $53.00 in a research note released on Friday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the financial services provider’s stock.

APO has been the subject of several other research reports. Wells Fargo & Co lifted their price target on Apollo Global Management from $44.00 to $48.00 and gave the stock an overweight rating in a research note on Wednesday, May 13th. BMO Capital Markets lowered Apollo Global Management from an outperform rating to a market perform rating and set a $43.00 target price for the company. in a research note on Thursday, May 14th. They noted that the move was a valuation call. Goldman Sachs Group lowered Apollo Global Management from a conviction-buy rating to a buy rating in a research note on Tuesday, June 30th. Morgan Stanley boosted their target price on Apollo Global Management from $39.00 to $42.00 and gave the company an equal weight rating in a research note on Wednesday, May 6th. Finally, Cfra boosted their target price on Apollo Global Management from $43.00 to $48.00 and gave the company a buy rating in a research note on Wednesday, May 20th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $54.94.

Shares of APO stock opened at $49.20 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $49.94 and a two-hundred day moving average price of $44.11. Apollo Global Management has a 12-month low of $19.46 and a 12-month high of $55.38. The firm has a market cap of $11.52 billion, a P/E ratio of -34.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.65.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.11). Apollo Global Management had a return on equity of 40.34% and a net margin of 31.68%. The firm had revenue of $433.57 million for the quarter, compared to the consensus estimate of $412.13 million. During the same period last year, the firm earned $0.67 EPS. As a group, research analysts expect that Apollo Global Management will post 1.89 EPS for the current fiscal year.

In other Apollo Global Management news, Director Marc J. Rowan sold 181,591 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $41.06, for a total transaction of $7,456,126.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Anthony Civale sold 4,121 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $48.17, for a total value of $198,508.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,535,201 shares of company stock worth $66,108,920. 46.90% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. CWM LLC purchased a new position in shares of Apollo Global Management during the 1st quarter worth approximately $32,000. Tower Research Capital LLC TRC purchased a new position in shares of Apollo Global Management during the 1st quarter worth approximately $41,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Apollo Global Management during the 1st quarter worth approximately $51,000. Ameritas Investment Company LLC purchased a new position in shares of Apollo Global Management during the 1st quarter worth approximately $70,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Apollo Global Management by 32.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,212 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 539 shares during the period. Hedge funds and other institutional investors own 70.10% 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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