Apollo Global Management (NYSE:APO) Stock Gets Price Target Boost from Evercore

Apollo Global Management (NYSE:APO) had its price target hoisted by equities researchers at Evercore from $145.00 to $146.00 in a report issued on Thursday. Evercore’s target price would indicate a potential upside of 22.99% from the company’s previous close.

A number of other analysts have also issued reports on APO. Piper Sandler decreased their price target on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a “hold” rating in a report on Monday, July 20th. BMO Capital Markets lowered their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a report on Monday, July 13th. TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Apollo Global Management from $150.00 to $154.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $153.30.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $118.71 on Thursday. The company has a 50-day simple moving average of $128.27 and a 200-day simple moving average of $124.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market cap of $70.10 billion, a PE ratio of 43.48, a price-to-earnings-growth ratio of 1.02 and a beta of 1.58. Apollo Global Management has a 12 month low of $99.56 and a 12 month high of $153.29.

Apollo Global Management (NYSE:APO) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same quarter last year, the business posted $1.92 EPS. On average, equities analysts anticipate that Apollo Global Management will post 8.03 earnings per share for the current year.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Apollo Global Management

A number of large investors have recently modified their holdings of APO. Osbon Capital Management LLC purchased a new position in Apollo Global Management in the 4th quarter worth approximately $36,000. Steigerwald Gordon & Koch Inc. grew its position in Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of Apollo Global Management during the second quarter valued at approximately $30,000. MBM Wealth Consultants LLC purchased a new stake in shares of Apollo Global Management during the first quarter valued at approximately $29,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of Apollo Global Management during the second quarter worth $31,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.