Apollo Global Management (NYSE:APO) Upgraded to “Hold” at StockNews.com

Apollo Global Management (NYSE:APO) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

APO has been the subject of a number of other reports. Wolfe Research began coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and cut their target price for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Barclays upped their target price on Apollo Global Management from $148.00 to $174.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their target price on Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets upped their price target on Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $150.83.

Apollo Global Management Stock Performance

Shares of APO stock traded down $3.03 during trading hours on Tuesday, reaching $163.72. 2,810,019 shares of the company’s stock were exchanged, compared to its average volume of 2,652,663. The business has a fifty day moving average price of $133.09 and a 200-day moving average price of $121.19. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $93.24 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.69 and a beta of 1.59. Apollo Global Management has a fifty-two week low of $84.23 and a fifty-two week high of $168.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. PGGM Investments bought a new position in shares of Apollo Global Management during the 1st quarter worth approximately $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Apollo Global Management by 38.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,709 shares of the financial services provider’s stock worth $3,903,000 after purchasing an additional 9,708 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Apollo Global Management by 4.5% during the 2nd quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock worth $21,119,000 after purchasing an additional 7,679 shares during the last quarter. Forsta AP Fonden lifted its holdings in Apollo Global Management by 8.4% during the 3rd quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock worth $17,937,000 after purchasing an additional 11,100 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. lifted its holdings in Apollo Global Management by 445.8% during the 2nd quarter. Ameliora Wealth Management Ltd. now owns 21,980 shares of the financial services provider’s stock worth $2,595,000 after purchasing an additional 17,953 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

About Apollo Global Management

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.