News coverage about Apollo Global Management (NYSE:APO) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Apollo Global Management earned a news impact score of 0.03 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.5737329139126 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
Apollo Global Management stock opened at $29.28 on Friday. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.58. Apollo Global Management has a twelve month low of $25.61 and a twelve month high of $37.35.
Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Thursday, May 3rd. The financial services provider reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.26). The company had revenue of $149.62 million during the quarter, compared to the consensus estimate of $215.07 million. Apollo Global Management had a net margin of 19.52% and a return on equity of 44.70%. The firm’s revenue was down 77.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. equities analysts forecast that Apollo Global Management will post 1.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Friday, May 18th will be issued a $0.38 dividend. The ex-dividend date is Thursday, May 17th. This represents a $1.52 annualized dividend and a yield of 5.19%. Apollo Global Management’s dividend payout ratio is currently 42.58%.
A number of brokerages have recently issued reports on APO. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $43.00 target price on shares of Apollo Global Management in a report on Thursday, February 1st. ValuEngine raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Credit Suisse Group upped their target price on shares of Apollo Global Management from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Finally, Citigroup raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, March 12th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Apollo Global Management currently has an average rating of “Buy” and a consensus target price of $36.69.
In other Apollo Global Management news, CFO Martin Kelly sold 18,000 shares of the stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $30.42, for a total value of $547,560.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joshua Harris sold 94,723 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $33.94, for a total transaction of $3,214,898.62. The disclosure for this sale can be found here. Over the last three months, insiders acquired 201,800 shares of company stock worth $5,944,184 and sold 464,842 shares worth $15,666,048. 4.11% of the stock is owned by corporate insiders.
About Apollo Global Management
Apollo Global Management, LLC 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 and mutual funds for its clients.
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