Barclays analyst Benjamin Budish maintained a Buy rating on Apollo Global Management (APO – Research Report) yesterday and set a price target of $118.00. The company’s shares closed yesterday at $103.00.
According to TipRanks, Budish is a 5-star analyst with an average return of 17.2% and a 77.14% success rate. Budish covers the Financial sector, focusing on stocks such as Blackstone Group, Charles Schwab, and Coinbase Global.
In addition to Barclays, Apollo Global Management also received a Buy from Wells Fargo’s Finian O’Shea in a report issued on January 22. However, on January 24, Morgan Stanley maintained a Hold rating on Apollo Global Management (NYSE: APO).
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Based on Apollo Global Management’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $883.33 million and a net profit of $112.84 million. In comparison, last year the company earned a revenue of $480.28 million and had a net profit of $68.12 million
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APO in relation to earlier this year.
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Apollo Global Management (APO) Company Description:
Apollo Global Management, Inc. engages in the provision of alternative investment management services. It operates through the following segments: Credit, Private Equity, and Real Assets. The Credit segment focuses on the investment in non-control corporate and structured debt instruments including performing, stressed, and distressed instruments across the capital structure. The Private Equity segment consists of investment in control equity and related debt instruments, convertible securities, and distressed debt instruments. The Real Assets segment includes investment in real estate equity and infrastructure equity; and real estate and infrastructure debt. The company was founded by Marc Jeffrey Rowan, Leon David Black, and Joshua Jordan Harris in 1990 and is headquartered in New York, NY.
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