Today: Today: Apollo Global Management LLC (APO) Rating Increased to Strong-Buy at Vetr Inc.

Today: Apollo Global Management LLC (APO) Rating Increased to Strong-Buy at Vetr Inc.

Apollo Global Management LLC (NYSE:APO) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday. The firm presently has a $20.72 target price on the stock. Vetr‘s price target would suggest a potential upside of 15.75% from the stock’s previous close.

A number of other brokerages also recently issued reports on APO. TheStreet raised Apollo Global Management from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. Zacks Investment Research downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Jefferies Group raised their target price on Apollo Global Management from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Argus raised their target price on Apollo Global Management from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, Oppenheimer Holdings Inc. raised Apollo Global Management from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $17.61 to $19.00 in a research note on Friday, August 5th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.38.

Shares of Apollo Global Management (NYSE:APO) opened at 17.90 on Thursday. Apollo Global Management has a 12-month low of $12.35 and a 12-month high of $19.18. The company has a market capitalization of $3.31 billion, a P/E ratio of 18.61 and a beta of 1.77. The company has a 50 day moving average price of $18.30 and a 200 day moving average price of $17.08.

Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.19. The company earned $351.73 million during the quarter, compared to analyst estimates of $350.06 million. During the same period last year, the business earned $0.38 earnings per share. The firm’s revenue was up 87.8% compared to the same quarter last year. Equities analysts anticipate that Apollo Global Management will post ($0.74) EPS for the current year.

In other news, insider Marc J. Rowan sold 565,519 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $18.62, for a total transaction of $10,529,963.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Pauline Richards bought 1,800 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were acquired at an average cost of $18.41 per share, for a total transaction of $33,138.00. The disclosure for this purchase can be found here.

Several large investors have recently modified their holdings of the company. Hollencrest Securities LLC raised its stake in shares of Apollo Global Management by 6.5% in the third quarter. Hollencrest Securities LLC now owns 14,487 shares of the company’s stock valued at $260,000 after buying an additional 889 shares during the period. Baird Financial Group Inc. raised its stake in shares of Apollo Global Management by 5.9% in the second quarter. Baird Financial Group Inc. now owns 16,681 shares of the company’s stock valued at $253,000 after buying an additional 934 shares during the period. Williams Jones & Associates LLC raised its stake in shares of Apollo Global Management by 4.2% in the first quarter. Williams Jones & Associates LLC now owns 26,050 shares of the company’s stock valued at $446,000 after buying an additional 1,050 shares during the period. Royal Bank of Canada raised its stake in shares of Apollo Global Management by 18.8% in the second quarter. Royal Bank of Canada now owns 23,131 shares of the company’s stock valued at $350,000 after buying an additional 3,657 shares during the period. Finally, National Asset Management Inc. raised its stake in shares of Apollo Global Management by 36.8% in the second quarter. National Asset Management Inc. now owns 17,938 shares of the company’s stock valued at $272,000 after buying an additional 4,828 shares during the period.

Apollo Global Management Company Profile

Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company operates through three segments: Private equity, Credit and Real estate.

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