Barclays Boosts Apollo Global Management (NYSE:APO) Price Target to $148.00

Apollo Global Management (NYSE:APO) had its price target raised by stock analysts at Barclays from $128.00 to $148.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price indicates a potential upside of 10.56% from the stock’s previous close.

A number of other brokerages also recently commented on APO. Wolfe Research assumed coverage on Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective for the company. Wells Fargo & Company boosted their price objective on Apollo Global Management from $132.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Evercore ISI upped their price target on Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their price target for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods upped their price target on Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Apollo Global Management Trading Down 1.1 %

NYSE:APO traded down $1.46 on Monday, reaching $133.87. 1,275,945 shares of the company’s stock were exchanged, compared to its average volume of 2,592,668. Apollo Global Management has a 52-week low of $77.11 and a 52-week high of $136.26. The firm has a market capitalization of $76.06 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.30 and a beta of 1.62. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $114.83 and a 200-day moving average of $114.99.

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

Insider Transactions at Apollo Global Management

In other news, Director Pauline Richards acquired 2,351 shares of the business’s 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 acquisition, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds have recently modified their holdings of the stock. True Wealth Design LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at about $33,000. Cullen Frost Bankers Inc. purchased a new stake in Apollo Global Management during the 2nd quarter worth approximately $35,000. J.Safra Asset Management Corp increased its holdings in Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 305 shares during the last quarter. Riverview Trust Co purchased a new stake in Apollo Global Management during the 1st quarter worth approximately $45,000. Finally, Compass Wealth Management LLC increased its holdings in Apollo Global Management by 48.7% during the 1st quarter. Compass Wealth Management LLC now owns 446 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 146 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other 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.