Apollo Global Management (NYSE:APO) Upgraded at StockNews.com

StockNews.com upgraded shares of Apollo Global Management (NYSE:APO) from a sell rating to a hold rating in a report issued on Monday morning.

Other equities analysts also recently issued reports about the company. BMO Capital Markets upped their target price on Apollo Global Management from $111.00 to $122.00 and gave the company an outperform rating in a research report on Friday, April 5th. Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $134.00 to $141.00 and gave the company an outperform rating in a report on Friday, July 12th. Barclays reduced their price objective on Apollo Global Management from $133.00 to $131.00 and set an overweight rating for the company in a research note on Friday, May 3rd. Jefferies Financial Group dropped their target price on Apollo Global Management from $119.00 to $117.00 and set a hold rating on the stock in a research report on Thursday, May 9th. Finally, JMP Securities reissued a market perform rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $119.29.

Apollo Global Management Stock Up 2.1 %

Apollo Global Management stock opened at $125.25 on Monday. Apollo Global Management has a 1-year low of $77.11 and a 1-year high of $126.45. The business has a fifty day moving average price of $118.51 and a 200-day moving average price of $112.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $71.16 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.00 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. The company had revenue of $839.00 million during the quarter, compared to analyst estimates of $827.33 million. Equities research analysts forecast that Apollo Global Management will post 7.09 EPS for the current fiscal year.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total value of $3,338,700.00. Following the sale, the chief financial officer now directly owns 359,445 shares of the company’s stock, valued at $40,002,634.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Apollo Global Management by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock worth $3,824,342,000 after acquiring an additional 750,781 shares during the last quarter. Capital International Investors boosted its stake in Apollo Global Management by 2.1% during the 4th quarter. Capital International Investors now owns 10,775,413 shares of the financial services provider’s stock worth $1,004,161,000 after purchasing an additional 218,566 shares during the last quarter. Norges Bank purchased a new stake in shares of Apollo Global Management during the fourth quarter worth $586,016,000. Putnam Investments LLC grew its holdings in shares of Apollo Global Management by 2.8% during the fourth quarter. Putnam Investments LLC now owns 5,939,220 shares of the financial services provider’s stock worth $553,476,000 after buying an additional 164,400 shares in the last quarter. Finally, Capital Research Global Investors raised its position in shares of Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after buying an additional 1,360,525 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other 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.