JMP Securities analyst Devin Ryan maintained a Hold rating on Apollo Global Management (APO – Research Report) on January 10. The company’s shares closed last Wednesday at $67.05, close to its 52-week low of $66.26.
According to TipRanks.com, Ryan is a 5-star analyst with an average return of 23.8% and a 67.8% success rate. Ryan covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, TriplePoint Venture Growth, and Perella Weinberg Partners.
Currently, the analyst consensus on Apollo Global Management is a Moderate Buy with an average price target of $88.10.
Based on Apollo Global Management’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.08 billion and net profit of $258 million. In comparison, last year the company earned revenue of $1.02 billion and had a net profit of $272 million.
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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.
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