Todays Report: Today, Apollo Global Management LLC (APO) Receives Hold Rating from Credit Suisse Group AG

Today, Apollo Global Management LLC (APO) Receives Hold Rating from Credit Suisse Group AG

Apollo Global Management LLC (NYSE:APO)‘s stock had its “hold” rating reiterated by research analysts at Credit Suisse Group AG in a report released on Monday. They presently have a $22.00 price objective on the stock. Credit Suisse Group AG’s price target would indicate a potential upside of 10.00% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Vetr raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating and set a $20.76 price objective on the stock in a research report on Thursday, September 8th. Argus increased their price objective on shares of Apollo Global Management from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Jefferies Group increased their price objective on shares of Apollo Global Management from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Finally, TheStreet raised shares of Apollo Global Management from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $20.51.

Shares of Apollo Global Management (NYSE:APO) traded up 1.32% during midday trading on Monday, hitting $20.00. The company had a trading volume of 474,382 shares. The firm has a market capitalization of $3.71 billion, a P/E ratio of 15.90 and a beta of 1.77. Apollo Global Management has a 1-year low of $12.35 and a 1-year high of $20.01. The stock has a 50 day moving average price of $18.46 and a 200 day moving average price of $17.39.

Apollo Global Management (NYSE:APO) last announced its earnings results on Friday, October 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.12. The business had revenue of $660.45 million for the quarter, compared to analysts’ expectations of $429 million. The firm’s quarterly revenue was up 160.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, equities analysts anticipate that Apollo Global Management will post $1.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 21st will be paid a $0.35 dividend. The ex-dividend date is Thursday, November 17th. This represents a $1.40 dividend on an annualized basis and a yield of 7.00%.

A number of institutional investors have recently modified their holdings of the company. Morgan Stanley increased its position in shares of Apollo Global Management by 9.1% in the third quarter. Morgan Stanley now owns 7,619,834 shares of the company’s stock worth $136,852,000 after buying an additional 636,663 shares in the last quarter. GMT Capital Corp increased its position in Apollo Global Management by 107.8% in the third quarter. GMT Capital Corp now owns 6,598,833 shares of the company’s stock worth $66,628,000 after buying an additional 3,422,692 shares in the last quarter. Beck Mack & Oliver LLC increased its position in Apollo Global Management by 13.6% in the third quarter. Beck Mack & Oliver LLC now owns 2,908,412 shares of the company’s stock worth $52,235,000 after buying an additional 347,854 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new position in Apollo Global Management during the second quarter worth about $43,434,000. Finally, Bank of Montreal Can increased its position in Apollo Global Management by 85.7% in the third quarter. Bank of Montreal Can now owns 1,385,000 shares of the company’s stock worth $24,875,000 after buying an additional 639,200 shares in the last quarter.

Apollo Global Management Company Profile

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