Apollo Global Management LLC (NYSE:APO) – Analysts at Jefferies Financial Group increased their FY2020 EPS estimates for Apollo Global Management in a research note issued to investors on Wednesday, July 8th. Jefferies Financial Group analyst G. O’hara now expects that the financial services provider will post earnings of $1.98 per share for the year, up from their previous forecast of $1.97. Jefferies Financial Group has a “Buy” rating and a $45.00 price objective on the stock. Jefferies Financial Group also issued estimates for Apollo Global Management’s FY2021 earnings at $2.82 EPS.

A number of other research firms have also weighed in on APO. Cfra upped their price objective on Apollo Global Management from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. BMO Capital Markets lowered Apollo Global Management from an “outperform” rating to a “market perform” rating and set a $43.00 price objective on the stock. in a research report on Thursday, May 14th. They noted that the move was a valuation call. Barclays upped their price objective on Apollo Global Management from $44.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. TheStreet lowered Apollo Global Management from a “b-” rating to a “c-” rating in a research report on Friday, May 1st. Finally, Morgan Stanley upped their price objective on Apollo Global Management from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $54.94.

Apollo Global Management stock opened at $49.20 on Monday. Apollo Global Management has a twelve month low of $19.46 and a twelve month high of $55.38. The stock’s fifty day simple moving average is $49.94 and its 200-day simple moving average is $44.11. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $11.52 billion, a P/E ratio of -34.89, a P/E/G ratio of 1.56 and a beta of 1.65.

Apollo Global Management (NYSE:APO) last announced its earnings results on Friday, May 1st. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.11). The firm had revenue of $433.57 million during the quarter, compared to analysts’ expectations of $412.13 million. Apollo Global Management had a net margin of 31.68% and a return on equity of 40.34%. During the same period in the previous year, the firm earned $0.67 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Capital World Investors boosted its stake in shares of Apollo Global Management by 10.8% during the fourth quarter. Capital World Investors now owns 11,791,587 shares of the financial services provider’s stock worth $562,577,000 after buying an additional 1,149,536 shares during the period. Invesco Ltd. boosted its stake in shares of Apollo Global Management by 52.0% during the first quarter. Invesco Ltd. now owns 8,664,347 shares of the financial services provider’s stock worth $290,255,000 after buying an additional 2,963,477 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Apollo Global Management by 8.0% during the first quarter. Clearbridge Investments LLC now owns 7,202,814 shares of the financial services provider’s stock worth $241,294,000 after buying an additional 530,633 shares during the period. BlackRock Inc. boosted its stake in shares of Apollo Global Management by 13.8% during the first quarter. BlackRock Inc. now owns 4,663,917 shares of the financial services provider’s stock worth $156,241,000 after buying an additional 566,447 shares during the period. Finally, Capital International Investors boosted its stake in shares of Apollo Global Management by 121.8% during the first quarter. Capital International Investors now owns 4,620,443 shares of the financial services provider’s stock worth $154,785,000 after buying an additional 2,537,443 shares during the period. Institutional investors own 70.10% of the company’s stock.

In other Apollo Global Management news, Director Marc J. Rowan sold 181,591 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $41.06, for a total value of $7,456,126.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marc J. Rowan sold 156,337 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $42.36, for a total transaction of $6,622,435.32. The disclosure for this sale can be found here. Insiders sold 1,535,201 shares of company stock valued at $66,108,920 in the last 90 days. 46.90% of the stock is currently owned by insiders.

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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Earnings History and Estimates for Apollo Global Management (NYSE:APO)

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