Argus Has Lowered Expectations for Apollo Global Management (NYSE:APO) Stock Price

Apollo Global Management (NYSE:APO) had its price objective decreased by stock analysts at Argus from $160.00 to $140.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Argus‘s target price points to a potential upside of 20.23% from the stock’s current price.

A number of other research firms also recently commented on APO. Wells Fargo & Company assumed coverage on Apollo Global Management in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $127.00 price target for the company. Barclays reduced their price objective on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday. The Goldman Sachs Group decreased their target price on shares of Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. BMO Capital Markets decreased their target price on shares of Apollo Global Management from $134.00 to $124.00 and set a “market perform” rating on the stock in a report on Tuesday, October 27th. Finally, Morgan Stanley dropped their target price on shares of Apollo Global Management from $150.00 to $149.00 and set an “overweight” rating for the company in a research report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.68.

Apollo Global Management Stock Performance

Shares of APO stock traded down $0.83 during trading on Friday, reaching $116.44. 766,786 shares of the company’s stock were exchanged, compared to its average volume of 4,236,212. The company has a quick ratio of 1.70, a current ratio of 1.41 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $68.77 billion, a PE ratio of -63.50, a PEG ratio of 1.13 and a beta of 1.51. Apollo Global Management has a twelve month low of $99.56 and a twelve month high of $153.29. The firm’s fifty day moving average price is $121.12 and its 200-day moving average price is $123.06.

Apollo Global Management (NYSE:APO) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share 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 the consensus estimate of $5.65 billion. Apollo Global Management had a positive return on equity of 12.11% and a negative net margin of 2.98%. During the same quarter last year, the business posted $1.92 EPS. As a group, sell-side analysts anticipate that Apollo Global Management will post 7.96 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of APO. Eurizon Capital SGR S.p.A. grew its stake in shares of Apollo Global Management by 59.0% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 134,068 shares of the financial services provider’s stock worth $15,560,000 after acquiring an additional 49,747 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of Apollo Global Management by 11,951.1% in the third quarter. CENTRAL TRUST Co now owns 5,423 shares of the financial services provider’s stock valued at $629,000 after purchasing an additional 5,378 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Apollo Global Management by 162.2% during the third quarter. Fifth Third Bancorp now owns 296,993 shares of the financial services provider’s stock valued at $34,469,000 after purchasing an additional 183,740 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Apollo Global Management by 159.1% during the third quarter. New Mexico Educational Retirement Board now owns 59,862 shares of the financial services provider’s stock valued at $6,948,000 after purchasing an additional 36,762 shares in the last quarter. Finally, Bingham Private Wealth LLC lifted its position in shares of Apollo Global Management by 126.4% during the third quarter. Bingham Private Wealth LLC now owns 6,283 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 3,508 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management News Roundup

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: JPMorgan raised its price target to $157 from $153 and maintained an “overweight” rating, signaling continued confidence in Apollo’s prospects. JPMorgan price-target increase
• Positive Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. If completed, the transaction could create business opportunities for Apollo, though details and Apollo’s expected role remain uncertain. Goldman and Apollo SpaceX financing report
• Neutral Sentiment: A report says Nvidia is considering Apollo’s telecom sites for data-center needs. This could raise the value or relevance of Apollo-owned assets, but the report does not establish a deal. Nvidia and Apollo telecom sites report
• Negative Sentiment: Several firms have tempered expectations. UBS lowered its target to $160 from $163 but kept a “buy” rating; RBC cut its target to $138 from $146 and rated the stock “sector perform,” while Barclays and Keefe, Bruyette & Woods also issued more cautious views. RBC forecast Keefe, Bruyette and Woods outlook Barclays outlook
• Negative Sentiment: A report noted APO had dropped 6.7% in one session, highlighting recent selling pressure amid the cautious analyst commentary. Report on Apollo’s share decline

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.