Apollo Global Management (NYSE:APO) Price Target Raised to $138.00

Apollo Global Management (NYSE:APO) had its price objective increased by equities researchers at BMO Capital Markets from $123.00 to $138.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 2.85% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Barclays cut their price objective on shares of Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Evercore ISI lifted their price target on shares of Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on shares of Apollo Global Management from $132.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group lifted their price target on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, Bank of America upgraded shares of 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 research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average target price of $133.88.

Apollo Global Management Trading Up 1.6 %

Shares of NYSE APO traded up $2.17 during midday trading on Wednesday, reaching $134.18. 2,822,561 shares of the stock were exchanged, compared to its average volume of 2,570,992. The business has a 50-day simple moving average of $114.15 and a two-hundred day simple moving average of $114.53. The company has a market capitalization of $76.24 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.30 and a beta of 1.61. Apollo Global Management has a 12 month low of $77.11 and a 12 month high of $135.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

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

Insider Transactions at Apollo Global Management

In other news, Director Pauline Richards purchased 2,351 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the acquisition, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Apollo Global Management

A number of institutional investors have recently added to or reduced their stakes in APO. US Bancorp DE increased its position in Apollo Global Management by 24.2% during the 4th quarter. US Bancorp DE now owns 8,263 shares of the financial services provider’s stock worth $770,000 after purchasing an additional 1,608 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in Apollo Global Management by 206.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 8,075 shares of the financial services provider’s stock worth $778,000 after purchasing an additional 5,438 shares in the last quarter. Bank of Nova Scotia increased its position in Apollo Global Management by 237.1% during the 4th quarter. Bank of Nova Scotia now owns 14,831 shares of the financial services provider’s stock worth $1,382,000 after purchasing an additional 10,431 shares in the last quarter. KBC Group NV increased its position in Apollo Global Management by 226.6% during the 4th quarter. KBC Group NV now owns 97,524 shares of the financial services provider’s stock worth $9,089,000 after purchasing an additional 67,666 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its position in Apollo Global Management by 2.8% during the 4th quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 94 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.