Apollo Global Management (NYSE:APO) Stock Price Expected to Rise, Piper Sandler Analyst Says

Apollo Global Management (NYSE:APO) had its price objective boosted by Piper Sandler from $188.00 to $202.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price suggests a potential upside of 19.08% from the company’s previous close.

A number of other research analysts also recently commented on APO. Redburn Atlantic initiated coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Wolfe Research assumed coverage on shares of 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. Evercore ISI boosted their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley upped their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their price target on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.16.

Apollo Global Management Trading Up 1.3 %

Shares of APO stock opened at $169.63 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $95.98 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. Apollo Global Management has a 12-month low of $89.76 and a 12-month high of $189.49. The stock’s 50-day moving average price is $160.82 and its 200-day moving average price is $132.49.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 over the last quarter. 8.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

A number of large investors have recently bought and sold shares of the business. Partners Group Holding AG increased its holdings in shares of Apollo Global Management by 26.5% in the 3rd quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider’s stock valued at $96,896,000 after acquiring an additional 162,678 shares during the period. Swedbank AB boosted its position in Apollo Global Management by 50.9% during the third quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock valued at $9,735,000 after purchasing an additional 26,300 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Apollo Global Management by 34.1% in the third quarter. Advisors Asset Management Inc. now owns 19,441 shares of the financial services provider’s stock valued at $2,428,000 after purchasing an additional 4,941 shares during the last quarter. Swiss National Bank raised its holdings in Apollo Global Management by 0.4% in the third quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider’s stock worth $147,670,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Apollo Global Management by 4.7% during the third quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock valued at $713,230,000 after buying an additional 254,268 shares during the last quarter. 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.