Apollo Global Management, Inc. Expected to Earn FY2021 Earnings of $2.86 Per Share (NYSE:APO)


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Apollo Global Management, Inc. (NYSE:APO) – Research analysts at Jefferies Financial Group upped their FY2021 earnings estimates for Apollo Global Management in a report issued on Sunday, January 10th. Jefferies Financial Group analyst G. O’hara now expects that the financial services provider will post earnings of $2.86 per share for the year, up from their previous forecast of $2.78. Jefferies Financial Group has a “Hold” rating on the stock.

Several other analysts have also commented on the stock. TheStreet lowered shares of Apollo Global Management from a “b-” rating to a “c+” rating in a research report on Monday, November 2nd. Wells Fargo & Company upped their price target on Apollo Global Management from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their price target on Apollo Global Management from $49.00 to $51.00 and gave the stock a “hold” rating in a report on Friday, December 18th. BMO Capital Markets upgraded shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $46.00 to $45.00 in a report on Thursday, October 29th. Finally, Oppenheimer reissued a “hold” rating on shares of Apollo Global Management in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $52.00.

Apollo Global Management stock opened at $47.14 on Wednesday. The firm has a 50 day simple moving average of $47.45 and a 200-day simple moving average of $46.46. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of -56.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.26 and a quick ratio of 1.26. Apollo Global Management has a 1-year low of $19.46 and a 1-year high of $55.38.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.02). The company had revenue of $501.02 million for the quarter, compared to analysts’ expectations of $467.10 million. During the same period in the prior year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of the stock. Pinnacle Holdings LLC purchased a new stake in Apollo Global Management during the 3rd quarter worth about $28,000. NuWave Investment Management LLC grew its stake in Apollo Global Management by 286.4% during the fourth quarter. NuWave Investment Management LLC now owns 711 shares of the financial services provider’s stock worth $35,000 after buying an additional 527 shares during the period. Captrust Financial Advisors purchased a new stake in Apollo Global Management during the second quarter worth approximately $83,000. San Francisco Sentry Investment Group CA increased its position in shares of Apollo Global Management by 23.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 2,730 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 510 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Apollo Global Management by 106.1% in the 3rd quarter. Global Retirement Partners LLC now owns 3,776 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 1,944 shares during the period. 71.95% of the stock is currently owned by hedge funds and other institutional investors.

About Apollo Global Management

Apollo Global Management, Inc is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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