In a report released today, William Katz from TD Cowen maintained a Buy rating on Apollo Global Management (APO – Research Report), with a price target of $127.00. The company’s shares closed last Friday at $108.75.
Katz covers the Financial sector, focusing on stocks such as Apollo Global Management, Affiliated Managers, and Federated Hermes. According to TipRanks, Katz has an average return of 12.2% and a 62.03% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apollo Global Management with a $115.93 average price target, implying a 6.60% upside from current levels. In a report released on March 6, KBW also reiterated a Buy rating on the stock with a $130.00 price target.
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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 $1.02 billion 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 82 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.
Read More on APO:
- Apollo Names Chris McIntyre Global Head of the Institutional Client Group
- Apollo Global appoints Chris McIntyre to Global Head, Institutional Client Group
- Apollo Global price target raised to $130 from $122 at Keefe Bruyette
- Apollo has shown interest in bidding for TripAdvisor, Bloomberg says
- TripAdvisor rallies 4% to $27.74 after Bloomberg says Apollo expressed interest
