JPMorgan Chase & Co. Raises Apollo Global Management (NYSE:APO) Price Target to $143.00

Apollo Global Management (NYSE:APO) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $129.00 to $143.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 6.31% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Keefe, Bruyette & Woods upped their target price on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Argus reduced their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.94.

Apollo Global Management Trading Up 1.9 %

APO traded up $2.50 on Wednesday, hitting $134.51. 2,063,034 shares of the company were exchanged, compared to its average volume of 2,566,995. 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 quick ratio of 1.26 and a current ratio of 1.26. The firm has a fifty day simple moving average of $114.15 and a two-hundred day simple moving average of $114.53. The stock has a market capitalization of $76.42 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61.

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

Insider Activity at Apollo Global Management

In related news, Director Pauline Richards purchased 2,351 shares of Apollo Global Management stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the transaction, the director now owns 85,854 shares in the company, valued at $9,007,801.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Apollo Global Management

Several hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. boosted its stake in Apollo Global Management by 122.2% in the 2nd quarter. Centaurus Financial Inc. now owns 3,571 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 1,964 shares in the last quarter. American Trust lifted its position in shares of Apollo Global Management by 35.6% during the 2nd quarter. American Trust now owns 2,895 shares of the financial services provider’s stock valued at $342,000 after buying an additional 760 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Apollo Global Management in the 2nd quarter worth $11,107,000. New Century Financial Group LLC bought a new stake in Apollo Global Management in the 2nd quarter valued at $347,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Apollo Global Management by 15.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 238,800 shares of the financial services provider’s stock worth $28,195,000 after buying an additional 32,000 shares during the last quarter. 77.06% of the stock is 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.