Apollo Global Management (NYSE:APO) Price Target Raised to $170.00 at Morgan Stanley

Apollo Global Management (NYSE:APO) had its price target raised by analysts at Morgan Stanley from $169.00 to $170.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 8.20% from the stock’s previous close.

APO has been the subject of several other reports. BMO Capital Markets raised their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Piper Sandler lifted their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Citigroup raised their price objective on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Barclays increased their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company lowered their price target on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued 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 $165.74.

Apollo Global Management Stock Down 3.1 %

Shares of NYSE:APO traded down $5.05 during mid-day trading on Tuesday, reaching $157.12. 851,265 shares of the stock were exchanged, compared to its average volume of 3,196,053. The stock’s 50 day simple moving average is $168.93 and its 200-day simple moving average is $145.25. Apollo Global Management has a one year low of $95.11 and a one year high of $189.49. The company has a market cap of $88.90 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.28 and a beta of 1.63. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This represents a 0.17 % 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 worth $34,186,128 in the last quarter. Corporate insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hopwood Financial Services Inc. bought a new stake in shares of Apollo Global Management during the 4th quarter worth $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management during the fourth quarter worth about $34,000. Byrne Asset Management LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth $39,000. Finally, HM Payson & Co. acquired a new position in shares of Apollo Global Management during the fourth quarter worth $45,000. 77.06% of the stock is currently owned by institutional investors.

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.