JPMorgan Chase & Co. Increases Apollo Global Management (NYSE:APO) Price Target to $123.00

Apollo Global Management (NYSE:APO) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $122.00 to $123.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.04% from the company’s current price.

Several other brokerages have also issued reports on APO. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Morgan Stanley upped their price target on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Citigroup upped their price target on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets increased their target price on Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.33.

Apollo Global Management Stock Down 0.9 %

APO stock traded down $0.97 during midday trading on Wednesday, hitting $112.80. The company’s stock had a trading volume of 412,524 shares, compared to its average volume of 2,332,367. The stock has a market capitalization of $64.09 billion, a P/E ratio of 13.43, a PEG ratio of 0.92 and a beta of 1.63. The company’s fifty day moving average price is $111.28 and its 200 day moving average price is $98.88. Apollo Global Management has a twelve month low of $57.50 and a twelve month high of $117.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The company had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. As a group, equities research analysts predict that Apollo Global Management will post 7.44 EPS for the current year.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total transaction of $55,720,000.00. Following the transaction, the insider now owns 44,104,773 shares of the company’s stock, valued at $4,915,035,903.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Apollo Global Management news, insider Leon D. Black sold 300,000 shares of the firm’s stock in a transaction that occurred on Saturday, February 24th. The shares were sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the completion of the transaction, the insider now owns 43,054,773 shares in the company, valued at approximately $4,801,037,737.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total value of $55,720,000.00. Following the transaction, the insider now directly owns 44,104,773 shares of the company’s stock, valued at approximately $4,915,035,903.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,426,000 shares of company stock worth $158,226,960. 8.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Sugarloaf Wealth Management LLC bought a new position in Apollo Global Management in the fourth quarter worth about $31,000. DSM Capital Partners LLC bought a new position in Apollo Global Management during the fourth quarter worth $31,000. True Wealth Design LLC bought a new position in Apollo Global Management during the fourth quarter worth about $33,000. CVA Family Office LLC purchased a new position in shares of Apollo Global Management during the fourth quarter worth approximately $34,000. Finally, Blue Trust Inc. boosted its stake in Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 221 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.