Opinion

What Wall Street is saying about Apollo Global Management, LLC (NYSE:APO)

Apollo Global Management, LLC (NYSE:APO) stock is presently standing at about $23.35 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 13 analysts covering the company is $26.00, which suggests the stock could still rise over 10 percent. The highest analyst price target is $30.00, which implies a rally of 72 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 6 rate APO a strong buy. There are 4 equity research firms advocating a Hold and 0 consider it Sell.

Wells Fargo analysts provided their view on Apollo Global Management, LLC (NYSE:APO) recently. The rating firm issued a Outperform rating to this company in a research note released on Feb 06, 2017. Goldman analysts disclosed their opinion on Apollo Global Management, LLC (NYSE:APO) recently. The rating firm gave a Buy rating to this stock in a research note published on Jan 04, 2017. According to a research note disclosed on Feb 06, 2017, analysts at Wells Fargo have upped their rating on these shares from Market Perform to Outperform.

Apollo Global Management, LLC (NYSE:APO) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Director Krongard A B Purchased 2,000 company shares for 46020, in a transaction on 2017-03-01. Following the transaction, the Director is left with a stake of 291,935 shares, currently valued at $6816682. Meanwhile, Chief Legal Officer Suydam John J sold 134,748 shares worth $3085730, through a transaction dated 2017-03-01. Following the completion of the transaction, the insider is left with a stake of 756,853 shares, amounting $17672517.55. APO Chief Legal Officer Suydam John J also sold 100,000 shares, at a stock price of $22.1. This transaction occurred on 2017-02-03 totals $2210000. After this transaction, the insider’s stake stands at 891,601 shares, with a market value of $20818883.

Executives hold 2.04 percent of the stock. Mr. Marc Spilker is one of the biggest insider owners in Apollo Global Management, LLC (NYSE:APO), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 3,439,121 shares which have current market value of around $80303475.35.Joseph F. Azrack is another major inside shareholder in the company. The insider owns 1,803,550 shares as of 0.45%, currently worth $42112892.5. Mr. Gene Donnelly is ranked as third insider holder of the stock. This insider holds 863,969 shares with a market value around $20173676.15 as of recent close.

Apollo Global Management, LLC (NYSE:APO) Earnings Outlook

In Apollo Global Management, LLC (NYSE:APO)’s latest quarter, EPS moved to $0.98 from $0.58 in preceding quarter and revenues reached at $685.38M compared to $503.73M. Analysts had expected Apollo Global Management, LLC (NYSE:APO) to post net income of about $0.76 per share on $526.08M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.42 to $0.64. That is compared with the $-0.18 in EPS it reported during the same period a year ago.

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