StockNews.com Lowers Apollo Global Management (NYSE:APO) to Sell

Apollo Global Management (NYSE:APO) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods increased their target price on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Jefferies Financial Group reduced their target price on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Finally, Barclays cut their price objective on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.62.

Apollo Global Management Trading Down 0.2 %

Shares of APO stock opened at $119.80 on Friday. Apollo Global Management has a 52-week low of $73.77 and a 52-week high of $120.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. The company has a 50-day simple moving average of $114.93 and a two-hundred day simple moving average of $108.61. The company has a market capitalization of $68.07 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.99 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The company had revenue of $839.00 million for the quarter, compared to the consensus estimate of $827.33 million. Research analysts anticipate that Apollo Global Management will post 7.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the sale, the chief financial officer now directly owns 359,445 shares in the company, valued at approximately $40,002,634.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.50% of the company’s stock.

Institutional Trading of Apollo Global Management

Several institutional investors and hedge funds have recently made changes to their positions in APO. Sugarloaf Wealth Management LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at $31,000. DSM Capital Partners LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at $31,000. Blue Trust Inc. raised its position in shares of Apollo Global Management by 151.4% during the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after buying an additional 221 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at $33,000. Finally, CVA Family Office LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at $34,000. 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 and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.