Barclays Forecasts Strong Price Appreciation for Apollo Global Management (NYSE:APO) Stock

Apollo Global Management (NYSE:APO) had its target price hoisted by research analysts at Barclays from $148.00 to $174.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 8.83% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Wolfe Research started coverage on Apollo Global Management in a report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group increased their target price on shares of Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. 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 report on Wednesday, October 2nd. Finally, BMO Capital Markets increased their price target on Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.83.

Apollo Global Management Stock Performance

NYSE:APO opened at $159.88 on Wednesday. The stock has a 50 day simple moving average of $131.14 and a 200 day simple moving average of $120.34. The stock has a market cap of $91.06 billion, a P/E ratio of 17.04, a PEG ratio of 1.53 and a beta of 1.59. Apollo Global Management has a 1-year low of $83.88 and a 1-year high of $166.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in Apollo Global Management during the second quarter worth $35,000. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management in the 3rd quarter worth about $35,000. J.Safra Asset Management Corp lifted its stake in shares of Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 305 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Apollo Global Management by 293.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 346 shares in the last quarter. Finally, Orion Capital Management LLC grew its stake in Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 100 shares during the period. 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.