Keefe, Bruyette & Woods Boosts Apollo Global Management (NYSE:APO) Price Target to $173.00

Apollo Global Management (NYSE:APO) had its price target hoisted by stock analysts at Keefe, Bruyette & Woods from $162.00 to $173.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 32.66% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley lowered their price target on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Citigroup lowered their price target on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Wells Fargo & Company raised their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $161.07.

Apollo Global Management Price Performance

APO opened at $130.40 on Wednesday. The company has a fifty day simple moving average of $131.22 and a 200 day simple moving average of $136.20. The firm has a market cap of $74.59 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.42 and a beta of 1.63. Apollo Global Management has a twelve month low of $102.58 and a twelve month high of $189.49. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.08. The business had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same period last year, the business earned $1.64 EPS. Equities research analysts expect that Apollo Global Management will post 8 EPS for the current fiscal year.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the transaction, the insider directly owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. The trade was a 16.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares of the company’s stock, valued at $48,234,418.89. This trade represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Apollo Global Management by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider’s stock valued at $6,303,186,000 after buying an additional 893,428 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Apollo Global Management by 24.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock valued at $490,482,000 after buying an additional 706,181 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apollo Global Management by 1.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock valued at $432,727,000 after buying an additional 36,866 shares during the period. Boston Partners bought a new stake in Apollo Global Management in the 1st quarter valued at about $370,543,000. Finally, Allen Investment Management LLC lifted its position in Apollo Global Management by 14.4% in the 1st quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider’s stock valued at $361,664,000 after purchasing an additional 333,428 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Company Profile

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.