Apollo Global Management LLC (NYSE:APO) – Oppenheimer cut their FY2015 earnings estimates for shares of Apollo Global Management in a report released on Wednesday, Zacks Investment Research reports. Oppenheimer analyst C. Kotowski now expects that the brokerage will earn $1.12 per share for the year, down from their prior estimate of $1.35. The consensus estimate for Apollo Global Management’s FY2015 earnings is $1.20 per share. Oppenheimer also issued estimates for Apollo Global Management’s Q4 2015 earnings at $0.24 EPS and FY2016 earnings at $2.04 EPS.

Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, October 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.35. During the same quarter in the previous year, the business earned $0.12 EPS.

Other research analysts also recently issued reports about the company. JMP Securities reduced their target price on Apollo Global Management from $29.00 to $26.00 in a research note on Thursday, October 8th. RBC Capital increased their price objective on Apollo Global Management from $21.00 to $22.00 in a research note on Thursday, October 29th. JPMorgan Chase & Co. increased their price objective on Apollo Global Management from $25.00 to $28.00 in a research note on Tuesday, October 13th. Deutsche Bank reduced their price objective on Apollo Global Management from $14.00 to $13.00 in a research note on Tuesday, January 19th. Finally, Piper Jaffray reissued a “buy” rating on shares of Apollo Global Management in a research note on Friday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.58.

Shares of Apollo Global Management (NYSE:APO) opened at 13.73 on Monday. Apollo Global Management has a 52 week low of $12.40 and a 52 week high of $25.80. The stock’s 50 day moving average is $14.63 and its 200-day moving average is $17.81. The stock has a market capitalization of $2.49 billion and a price-to-earnings ratio of 21.09.

An institutional investor recently bought a new position in Apollo Global Management stock. LGT Capital Partners purchased a new position in Apollo Global Management LLC (NYSE:APO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The hedge fund purchased 370,000 shares of the company’s stock, valued at approximately $5,617,000. LGT Capital Partners owned about 0.20% of Apollo Global Management at the end of the most recent quarter.

In other news, Director Marc J. Rowan sold 612,519 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $18.84, for a total transaction of $11,539,857.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert K. Kraft purchased 20,000 shares of the stock in a transaction dated Friday, November 20th. The shares were acquired at an average price of $16.77 per share, with a total value of $335,400.00. Following the completion of the acquisition, the director now owns 10,860 shares in the company, valued at approximately $182,122.20. The disclosure for this purchase can be found here.

Apollo Global Management, LLC is an investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company operates through three segments: The Company operates through three segments: Private equity, which invests in control equity and related debt instruments, convertible securities and distressed debt instruments; Credit, which primarily invests in non-control corporate and structured debt instruments, and Real estate, which invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities.

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