Apollo Global Management (NYSE:APO) Price Target Raised to $45.00

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Apollo Global Management (NYSE:APO) had its price target upped by equities research analysts at UBS Group from $37.00 to $45.00 in a note issued to investors on Friday, September 20th, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective would indicate a potential upside of 16.22% from the company’s current price.

Several other equities analysts have also recently commented on APO. Barclays started coverage on shares of Apollo Global Management in a report on Monday, August 5th. They set an “overweight” rating and a $45.00 price target on the stock. Wells Fargo & Co upped their price target on shares of Apollo Global Management from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Monday, August 5th. JMP Securities boosted their target price on shares of Apollo Global Management from $36.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, June 7th. Finally, Morgan Stanley boosted their target price on shares of Apollo Global Management from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Apollo Global Management presently has an average rating of “Buy” and an average price target of $42.67.

NYSE:APO traded down $0.21 during mid-day trading on Friday, reaching $38.72. The stock had a trading volume of 1,484,239 shares, compared to its average volume of 3,151,304. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of -184.38, a price-to-earnings-growth ratio of 1.03 and a beta of 1.48. Apollo Global Management has a 1-year low of $22.63 and a 1-year high of $41.79. The stock’s 50 day simple moving average is $38.71 and its two-hundred day simple moving average is $34.05. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.64 and a quick ratio of 1.64.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.02). The company had revenue of $523.30 million during the quarter, compared to analyst estimates of $398.72 million. The business’s quarterly revenue was down 17.8% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. Sell-side analysts anticipate that Apollo Global Management will post 2.39 EPS for the current fiscal year.

In other news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $39.96, for a total transaction of $159,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pauline Richards purchased 2,720 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $30.85 per share, for a total transaction of $83,912.00. The disclosure for this purchase can be found here. Insiders own 46.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. TCG Advisors LP purchased a new position in shares of Apollo Global Management in the first quarter worth about $26,000. Arlington Partners LLC acquired a new stake in shares of Apollo Global Management in the second quarter worth approximately $34,000. NEXT Financial Group Inc acquired a new stake in shares of Apollo Global Management in the second quarter worth approximately $54,000. Boston Partners acquired a new stake in shares of Apollo Global Management in the second quarter worth approximately $125,000. Finally, Arden Trust Co acquired a new stake in shares of Apollo Global Management in the third quarter worth approximately $200,000. 72.55% of the stock is currently owned by institutional investors.

Apollo Global Management Company Profile

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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Analyst Recommendations for Apollo Global Management (NYSE:APO)

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