Apollo Global Management (NYSE:APO) PT Raised to $162.00

Apollo Global Management (NYSE:APO) had its price target hoisted by TD Cowen from $135.00 to $162.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price target would suggest a potential upside of 23.36% from the company’s previous close.

A number of other research analysts also recently commented on APO. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Evercore ISI upped their price objective on Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets raised their target price on shares of Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday. Argus reduced their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Finally, Wolfe Research began coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.78.

Apollo Global Management Stock Performance

APO opened at $131.32 on Wednesday. The company has a market capitalization of $74.61 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.30 and a beta of 1.61. The business’s 50-day moving average price is $114.37 and its two-hundred day moving average price is $114.66. Apollo Global Management has a 1 year low of $77.11 and a 1 year high of $135.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter in the previous year, the company posted $1.54 EPS. Equities analysts expect that Apollo Global Management will post 6.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Pauline Richards purchased 2,351 shares of Apollo Global Management stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors have recently added to or reduced their stakes in the business. Curated Wealth Partners LLC grew its stake in shares of Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after purchasing an additional 4,717,661 shares during the last quarter. Capital Research Global Investors grew its position in shares of Apollo Global Management by 40.3% in the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after buying an additional 1,360,525 shares during the last quarter. Third Point LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $83,871,000. Vanguard Group Inc. raised its position in shares of Apollo Global Management by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock worth $3,824,342,000 after acquiring an additional 750,781 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Apollo Global Management by 199.8% in the first quarter. Jennison Associates LLC now owns 925,222 shares of the financial services provider’s stock valued at $104,041,000 after acquiring an additional 616,575 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.