Keefe, Bruyette & Woods Issues Pessimistic Forecast for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APO) had its price target dropped by equities researchers at Keefe, Bruyette & Woods from $196.00 to $194.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 17.75% from the stock’s current price.

Several other research analysts also recently commented on APO. Wells Fargo & Company reduced their target price on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Piper Sandler lifted their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. TD Cowen boosted their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. UBS Group upgraded Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Finally, Barclays boosted their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.00.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $164.76 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management has a 12 month low of $95.11 and a 12 month high of $189.49. The stock has a 50 day moving average of $169.37 and a 200-day moving average of $144.39. The company has a market capitalization of $93.22 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.37 and a beta of 1.63.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,600 shares of company stock valued at $34,186,128. Corporate insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Institutional investors have recently made changes to their positions in the stock. Vestmark Advisory Solutions Inc. boosted its position in shares of Apollo Global Management by 6.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 2,906 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 183 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Apollo Global Management by 22.1% in the fourth quarter. Lindbrook Capital LLC now owns 4,149 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 750 shares in the last quarter. Dana Investment Advisors Inc. purchased a new stake in shares of Apollo Global Management in the fourth quarter worth approximately $680,000. Arizona State Retirement System raised its stake in shares of Apollo Global Management by 0.3% in the fourth quarter. Arizona State Retirement System now owns 114,598 shares of the financial services provider’s stock worth $18,927,000 after purchasing an additional 395 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Apollo Global Management by 1.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 30,068 shares of the financial services provider’s stock worth $4,966,000 after purchasing an additional 527 shares during the last quarter. 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.