Apollo Global Management (NYSE:APO – Get Free Report) had its price objective lifted by stock analysts at BMO Capital Markets from $96.00 to $103.00 in a report released on Friday, Marketbeat.com reports. The firm presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 12.22% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. StockNews.com started coverage on shares of Apollo Global Management in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. TheStreet upgraded Apollo Global Management from a “c+” rating to a “b-” rating in a research report on Tuesday, June 20th. The Goldman Sachs Group boosted their target price on Apollo Global Management from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Barclays upped their price objective on Apollo Global Management from $92.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.38.
View Our Latest Research Report on APO
Apollo Global Management Stock Up 0.7 %
Apollo Global Management (NYSE:APO – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.06). Apollo Global Management had a net margin of 4.91% and a return on equity of 109.78%. The business had revenue of $793.00 million during the quarter, compared to analysts’ expectations of $781.82 million. On average, sell-side analysts forecast that Apollo Global Management will post 6.3 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Apollo Global Management news, insider James C. Zelter sold 60,779 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $79.22, for a total transaction of $4,814,912.38. Following the completion of the transaction, the insider now owns 5,678,785 shares in the company, valued at $449,873,347.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Apollo Global Management news, insider James C. Zelter sold 3,010 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $77.51, for a total value of $233,305.10. Following the sale, the insider now owns 5,776,159 shares in the company, valued at $447,710,084.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James C. Zelter sold 60,779 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $79.22, for a total value of $4,814,912.38. Following the completion of the sale, the insider now owns 5,678,785 shares in the company, valued at approximately $449,873,347.70. The disclosure for this sale can be found here. Insiders have sold 110,659 shares of company stock valued at $8,696,359 in the last ninety days. 8.70% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its position in shares of Apollo Global Management by 7,183.3% during the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 431 shares during the period. Sunbelt Securities Inc. purchased a new position in Apollo Global Management during the 1st quarter worth $30,000. Zions Bancorporation N.A. bought a new stake in Apollo Global Management during the 1st quarter valued at $30,000. Ronald Blue Trust Inc. lifted its holdings in shares of Apollo Global Management by 274.8% in the 1st quarter. Ronald Blue Trust Inc. now owns 491 shares of the financial services provider’s stock worth $31,000 after buying an additional 360 shares during the period. Finally, Close Asset Management Ltd bought a new position in shares of Apollo Global Management during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 60.86% of the company’s stock.
About Apollo Global Management
Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
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