Apollo Global Management LLC (NYSE:APO) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a report released on Tuesday, April 18th. The stock's 50-day moving average price is $25.51 and its 200-day moving average price is $21.93. They now have a United States dollars 30 price target on the stock. Beck Mack & Oliver LLC boosted its position in Apollo Global Management by 13.6% in the third quarter. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities. Institutional investors and hedge funds own 63.79% of the company's stock.
A number of brokerages have issued reports on APO. Goldman Sachs Group Inc raised their target price on Apollo Global Management to $25.00 and gave the company a "buy" rating in a report on Monday, February 6th. Zacks Investment Research cut shares of Apollo Global Management from a "buy" rating to a "hold" rating in a research report on Friday, April 7th. Investors may also be paying close concentration to some simple moving average indicators on shares of Apollo Global Management, LLC (APO). The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 2.00. (NYSE:HTZ), its shares were trading at $10.49 a gain of $0.43, on the trading floor. The stock carved out a 52-week low down at $14.25.
P/E ratio of the company is 8.55. Analysts are forecasting earnings of $0.54 on a per share basis this quarter. The business had revenue of $641.55 million for the quarter, compared to the consensus estimate of $570.83 million. Apollo Global Management had a return on equity of 70.68% and a net margin of 20.44%. The business's quarterly revenue was up 431.0% compared to the same quarter past year. During the same period in the previous year, the firm posted ($0.18) earnings per share. In our current pick, Apollo Global Management, LLC (APO) has weekly volatility of 1.85%% while its monthly volatility value is at 2.20%%. Stockholders of record on Friday, May 19th will be given a $0.49 dividend. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The ex-dividend date of this dividend is Wednesday, May 17th. Apollo Global Management's dividend payout ratio (DPR) is now 66.99%.
Apollo Global Management, LLC (NYSE:APO) last session's volume of 1.98 million shares was higher than its average volume of 1.86 million shares.
On 8/9/2013 Apollo Global Management LLC announced a special dividend of $1.25 1% with an ex dividend date of 8/22/2013 which will be payable on 8/30/2013. Apollo Global Management, LLC is now trading 1.37% above its 20-day and 28.03% versus the 200-day simple moving averages while 6.76% compared with its 50-day simple moving average. The stock rose 1.84% or $0.48 reaching $26.58 per share. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. FMR LLC now owns 8,216,804 shares of the financial services provider's stock worth $199,833,000 after buying an additional 223,452 shares in the last quarter. The disclosure for this purchase can be found here. In the last three months, insiders bought 9,129,413 shares of company stock valued at $236,942,001 and sold 1,260,000 shares valued at $33,537,989.
A number of other institutional investors have also recently bought and sold shares of APO.
Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. GMT Capital Corp now owns 6,598,833 shares of the financial services provider's stock valued at $66,628,000 after buying an additional 3,422,692 shares during the last quarter. Karpas Strategies LLC acquired a new position in Apollo Global Management during the third quarter valued at approximately $449,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Apollo Global Management by 29.9% in the first quarter. TCI Wealth Advisors Inc. now owns 6,307 shares of the financial services provider's stock worth $113,000 after buying an additional 124 shares in the last quarter. Its last month's stock price volatility remained 7.75% which for the week approaches 6.85%.
02/04/2016 - Apollo Global Management, LLC had its "equal-weight" rating reiterated by analysts at Morgan Stanley.
Institutional investors have recently added to or reduced their stakes in the stock. Finally, FMR LLC raised its position in Apollo Global Management by 4.5% in the fourth quarter.