Jefferies Group Analysts Boost Earnings Estimates for Apollo Global Management, LLC (APO)

Apollo Global Management, LLC (NYSE:APO) – Research analysts at Jefferies Group boosted their Q2 2017 EPS estimates for Apollo Global Management in a research report issued on Tuesday. Jefferies Group analyst G. O’hara now expects that the financial services provider will earn $0.59 per share for the quarter, up from their previous estimate of $0.56. Jefferies Group has a “Buy” rating on the stock.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Apollo Global Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 price target (up from $25.00) on shares of Apollo Global Management in a research note on Monday. BidaskClub cut Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) raised their price objective on Apollo Global Management from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, June 7th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 price objective on shares of Apollo Global Management in a research note on Friday, March 17th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $25.29.

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Shares of Apollo Global Management (NYSE APO) opened at 27.19 on Thursday. The company has a market capitalization of $5.19 billion, a P/E ratio of 8.94 and a beta of 1.22. The company has a 50-day moving average price of $27.18 and a 200 day moving average price of $23.97. Apollo Global Management has a 12-month low of $15.08 and a 12-month high of $28.42.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Friday, April 28th. The financial services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.63 by $0.19. Apollo Global Management had a return on equity of 72.89% and a net margin of 23.30%. The company had revenue of $641.55 million during the quarter, compared to the consensus estimate of $570.83 million. During the same period last year, the company earned ($0.18) EPS. Apollo Global Management’s revenue for the quarter was up 431.0% on a year-over-year basis.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc acquired 376,225 shares of the company’s stock in a transaction on Tuesday, April 18th. The shares were bought at an average cost of $25.60 per share, with a total value of $9,631,360.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $26.77, for a total value of $267,700.00. The disclosure for this sale can be found here. Over the last three months, insiders acquired 6,092,213 shares of company stock worth $160,977,633 and sold 1,260,000 shares worth $33,537,989. 4.11% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. TCI Wealth Advisors Inc. raised its stake in shares of Apollo Global Management by 38.4% in the first quarter. TCI Wealth Advisors Inc. now owns 5,770 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,601 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Apollo Global Management by 98.2% in the first quarter. Penserra Capital Management LLC now owns 5,890 shares of the financial services provider’s stock valued at $143,000 after buying an additional 2,918 shares during the last quarter. Global X Management Co. LLC acquired a new stake in shares of Apollo Global Management during the first quarter valued at approximately $161,000. NEXT Financial Group Inc raised its stake in shares of Apollo Global Management by 106.5% in the second quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock valued at $169,000 after buying an additional 3,300 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Apollo Global Management during the first quarter valued at approximately $197,000. 74.65% of the stock is currently owned by institutional investors.

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’s segments include private equity, credit and real estate.

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

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