Apollo Global Management (NYSE:APO) Raised to Hold at Keefe, Bruyette & Woods

Apollo Global Management (NYSE:APO) was upgraded by equities research analysts at Keefe, Bruyette & Woods to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. Morgan Stanley decreased their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research note on Tuesday. BMO Capital Markets lowered their price target 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. HSBC assumed coverage on shares of Apollo Global Management in a research report on Monday. They set a “buy” rating and a $145.00 price target for the company. Finally, Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $149.08.

Apollo Global Management Stock Up 0.2%

Shares of NYSE:APO opened at $118.42 on Monday. The stock has a market capitalization of $68.27 billion, a P/E ratio of 75.43, a price-to-earnings-growth ratio of 1.03 and a beta of 1.50. The stock’s 50-day moving average price is $127.01 and its 200-day moving average price is $124.52. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. Apollo Global Management has a 12-month low of $99.56 and a 12-month high of $153.43.

Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.Apollo Global Management’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 EPS. On average, equities analysts anticipate that Apollo Global Management will post 8.22 earnings per share for the current year.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of large investors have recently modified their holdings of the stock. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Apollo Global Management by 0.8% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock worth $1,383,000 after purchasing an additional 80 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Apollo Global Management by 16.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after buying an additional 82 shares in the last quarter. United Advisor Group LLC boosted its holdings in Apollo Global Management by 4.7% in the 4th quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock worth $282,000 after buying an additional 87 shares during the period. Broadway Wealth Solutions Inc. increased its stake in Apollo Global Management by 3.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock worth $346,000 after buying an additional 87 shares in the last quarter. Finally, First Horizon Corp increased its stake in Apollo Global Management by 8.1% in the 4th quarter. First Horizon Corp now owns 1,228 shares of the financial services provider’s stock worth $178,000 after buying an additional 92 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.