Apollo Global Management (NYSE:APO – Get Free Report) had its price objective decreased by Piper Sandler from $159.00 to $145.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective would indicate a potential upside of 29.30% from the stock’s previous close.
Several other equities analysts have also weighed in on the stock. Barclays raised their price objective on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. TD Cowen lowered their price objective on shares of Apollo Global Management from $159.00 to $154.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Evercore boosted their target price on shares of Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a “hold” rating in a report on Monday, July 20th. Finally, The Goldman Sachs Group cut their target price on shares of Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.90.
Check Out Our Latest Research Report on Apollo Global Management
Apollo Global Management Price Performance
APO stock traded up $1.36 during trading hours on Monday, hitting $112.14. 373,555 shares of the stock traded hands, compared to its average volume of 4,239,246. The stock has a 50-day simple moving average of $126.76 and a 200 day simple moving average of $125.22. Apollo Global Management has a one year low of $99.56 and a one year high of $153.29. The company has a market cap of $66.22 billion, a P/E ratio of 41.01, a P/E/G ratio of 0.98 and a beta of 1.58. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34.
Apollo Global Management (NYSE:APO – Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. Equities analysts forecast that Apollo Global Management will post 8.00 earnings per share for the current year.
Insiders Place Their Bets
In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GM Advisory Group LLC boosted its stake in shares of Apollo Global Management by 0.9% during the 1st quarter. GM Advisory Group LLC now owns 12,015 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 108 shares during the period. Pinnacle Bancorp Inc. grew its holdings in shares of Apollo Global Management by 14.5% during the 1st quarter. Pinnacle Bancorp Inc. now owns 924 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 117 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Apollo Global Management by 3.9% during the 1st quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 119 shares in the last quarter. Chickasaw Capital Management LLC grew its holdings in shares of Apollo Global Management by 4.7% during the 3rd quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 120 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in shares of Apollo Global Management by 2.4% in the second quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 131 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.
About Apollo Global Management
Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.
Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.
The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.
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