Apollo Global Management (NYSE:APO) Given New $168.00 Price Target at Keefe, Bruyette & Woods

Apollo Global Management (NYSE:APO) had its price objective boosted by stock analysts at Keefe, Bruyette & Woods from $159.00 to $168.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 2.33% from the stock’s current price.

APO has been the subject of several other reports. Wolfe Research initiated coverage on Apollo Global Management in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Barclays lifted their price objective on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group lifted their price objective on Apollo Global Management from $117.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Evercore ISI lifted 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, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.44.

Apollo Global Management Stock Performance

Shares of NYSE APO traded up $14.91 during mid-day trading on Wednesday, hitting $164.18. The company had a trading volume of 4,387,090 shares, compared to its average volume of 2,615,226. The company has a market capitalization of $93.51 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.55 and a beta of 1.59. Apollo Global Management has a 1 year low of $82.71 and a 1 year high of $166.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $129.21 and its 200-day moving average price is $119.76.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in shares of Apollo Global Management by 193.3% during the 1st quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock worth $5,755,000 after acquiring an additional 33,731 shares during the period. PGGM Investments bought a new position in Apollo Global Management in the 1st quarter valued at approximately $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Apollo Global Management by 38.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,709 shares of the financial services provider’s stock valued at $3,903,000 after acquiring an additional 9,708 shares in the last quarter. Mackenzie Financial Corp lifted its position in Apollo Global Management by 4.5% in the 2nd quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock valued at $21,119,000 after acquiring an additional 7,679 shares in the last quarter. Finally, Forsta AP Fonden lifted its holdings in shares of Apollo Global Management by 8.4% during the 3rd quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock valued at $17,937,000 after buying an additional 11,100 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

About Apollo Global Management

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.