Apollo Global Management (NYSE:APO) Price Target Raised to $154.00 at JPMorgan Chase & Co.

Apollo Global Management (NYSE:APOGet Free Report) had its price target hoisted by JPMorgan Chase & Co. from $150.00 to $154.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.66% from the company’s current price.

Several other research analysts also recently weighed in on APO. Wall Street Zen raised shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Royal Bank Of Canada lifted their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Morgan Stanley cut their target price on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings upgraded Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, Piper Sandler decreased their price objective on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $152.15.

Check Out Our Latest Stock Report on APO

Apollo Global Management Price Performance

APO stock traded up $1.46 during midday trading on Wednesday, hitting $133.15. 916,657 shares of the stock were exchanged, compared to its average volume of 4,447,055. The stock’s 50-day moving average price is $126.28 and its 200-day moving average price is $122.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $78.63 billion, a price-to-earnings ratio of 48.69, a PEG ratio of 1.20 and a beta of 1.52. Apollo Global Management has a fifty-two week low of $99.56 and a fifty-two week high of $153.29.

Apollo Global Management (NYSE:APOGet Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The business had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the business posted $1.92 earnings per share. Research analysts predict that Apollo Global Management will post 8.08 earnings per share for the current year.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. MBM Wealth Consultants LLC acquired a new position in shares of Apollo Global Management in the first quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. increased its position 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 acquiring an additional 213 shares during the period. Continuum Advisory LLC acquired a new position in shares of Apollo Global Management during the second quarter worth $30,000. Keating Financial Advisory Services Inc. acquired a new stake in Apollo Global Management in the second quarter valued at $31,000. Finally, Osbon Capital Management LLC acquired a new position in Apollo Global Management during the 4th quarter worth about $36,000. Institutional investors own 77.06% of the company’s stock.

About Apollo Global Management

(Get Free Report)

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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Analyst Recommendations for Apollo Global Management (NYSE:APO)

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