Apollo Global Management (NYSE:APO) Stock Price Expected to Rise, Piper Sandler Analyst Says

Apollo Global Management (NYSE:APO) had its price objective boosted by equities researchers at Piper Sandler from $188.00 to $202.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective indicates a potential upside of 19.08% from the stock’s previous close.

A number of other brokerages have also weighed in on APO. Keefe, Bruyette & Woods boosted their price target on Apollo Global Management from $159.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Redburn Partners began coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.16.

Apollo Global Management Stock Up 1.3 %

Shares of APO stock opened at $169.63 on Wednesday. The stock’s fifty day moving average price is $160.82 and its 200 day moving average price is $132.49. Apollo Global Management has a 1-year low of $89.76 and a 1-year high of $189.49. The company has a market cap of $95.98 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock valued at $34,186,128 in the last three months. 8.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in shares of Apollo Global Management by 118.5% during the second quarter. Blue Trust Inc. now owns 970 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 526 shares in the last quarter. Fifth Third Bancorp increased its stake in Apollo Global Management by 11,714.3% during the 2nd quarter. Fifth Third Bancorp now owns 827 shares of the financial services provider’s stock worth $98,000 after buying an additional 820 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Apollo Global Management by 15.5% during the second quarter. Atria Wealth Solutions Inc. now owns 9,590 shares of the financial services provider’s stock valued at $1,132,000 after acquiring an additional 1,285 shares during the last quarter. &PARTNERS purchased a new position in shares of Apollo Global Management in the second quarter valued at approximately $443,000. Finally, Quotient Wealth Partners LLC boosted its stake in shares of Apollo Global Management by 112.6% in the second quarter. Quotient Wealth Partners LLC now owns 7,923 shares of the financial services provider’s stock worth $935,000 after acquiring an additional 4,196 shares during the last quarter. 77.06% of the stock is currently 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.