Apollo Global Management (NYSE:APO – Get Free Report) had its price target cut by equities research analysts at Royal Bank Of Canada from $146.00 to $137.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 14.84% from the stock’s previous close.
Several other equities research analysts also recently commented on APO. UBS Group increased their price objective on Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a report on Friday, May 8th. Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Piper Sandler dropped their price objective on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday. Weiss Ratings downgraded Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, The Goldman Sachs Group decreased their target price on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $149.50.
Read Our Latest Research Report on Apollo Global Management
Apollo Global Management Stock Down 0.9%
Apollo Global Management (NYSE:APO – Get Free Report) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The company’s revenue was down 8.8% on a year-over-year basis. On average, equities research analysts expect that Apollo Global Management will post 8.25 EPS for the current year.
Insider Buying and Selling at Apollo Global Management
In related news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the sale, the insider directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.30% of the company’s stock.
Institutional Trading of Apollo Global Management
Institutional investors have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management in the fourth quarter valued at about $29,000. MBM Wealth Consultants LLC acquired a new stake in Apollo Global Management during the first quarter worth about $29,000. Steigerwald Gordon & Koch Inc. increased its holdings in Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after buying an additional 213 shares during the period. Osbon Capital Management LLC bought a new position in Apollo Global Management in the 4th quarter valued at about $36,000. Finally, Physician Wealth Advisors Inc. raised its position in shares of Apollo Global Management by 57.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after buying an additional 96 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.
Apollo Global Management Company Profile
Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.
Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.
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