BMO Capital Keeps a Buy Rating on Apollo Global Management (APO)

In a report released today, Rufus Hone from BMO Capital maintained a Buy rating on Apollo Global Management (APOResearch Report), with a price target of $85.00. The company’s shares closed last Wednesday at $53.38.

According to, Hone is a 1-star analyst with an average return of -9.9% and a 28.6% success rate. Hone covers the Financial sector, focusing on stocks such as Blackstone Group, Ares Management, and Carlyle Group.

Apollo Global Management has an analyst consensus of Moderate Buy, with a price target consensus of $70.83, implying a 33.4% upside from current levels. In a report issued on July 13, Deutsche Bank also maintained a Buy rating on the stock with a $88.00 price target.

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Based on Apollo Global Management’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $875 million and GAAP net loss of $870 million. In comparison, last year the company earned revenue of $2.3 billion and had a net profit of $679 million.

Based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APO in relation to earlier this year.

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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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