StockNews.com Downgrades Apollo Global Management (NYSE:APO) to Sell

Apollo Global Management (NYSE:APO) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. Barclays increased their price target on shares of Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. BMO Capital Markets increased their price target on shares of Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. TD Cowen raised their target price on shares of Apollo Global Management from $165.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Piper Sandler initiated coverage on shares of Apollo Global Management in a report on Tuesday. They issued an “overweight” rating and a $188.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.05.

Apollo Global Management Price Performance

Shares of APO opened at $165.02 on Wednesday. The stock has a market cap of $93.37 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management has a fifty-two week low of $88.18 and a fifty-two week high of $169.15. The firm’s 50-day simple moving average is $141.96 and its two-hundred day simple moving average is $124.06.

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. purchased a new position in shares of Apollo Global Management in the 2nd quarter worth $35,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Apollo Global Management in the 3rd quarter worth $35,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after buying an additional 346 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter worth $80,000. Finally, Mather Group LLC. boosted its stake in shares of Apollo Global Management by 826.9% during the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 645 shares during the period. 77.06% of the stock is owned by hedge funds and other 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.