Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Apollo Global Management (NYSE:APO) Stock

Apollo Global Management (NYSE:APO) had its price target increased by research analysts at Keefe, Bruyette & Woods from $168.00 to $196.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 14.60% from the stock’s previous close.

APO has been the subject of several other research reports. Redburn Partners assumed coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Barclays lifted their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. TD Cowen increased their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley boosted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.63.

Apollo Global Management Stock Performance

NYSE APO opened at $171.03 on Friday. Apollo Global Management has a 1-year low of $89.76 and a 1-year high of $189.49. The company has a 50 day moving average of $161.44 and a 200-day moving average of $132.87. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $96.77 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.84 and a beta of 1.63.

Insider Transactions at Apollo Global Management

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

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors and hedge funds have recently modified their holdings of APO. Fifth Third Bancorp raised its holdings in shares of Apollo Global Management by 11,714.3% during the second quarter. Fifth Third Bancorp now owns 827 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 820 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of Apollo Global Management by 15.5% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 9,590 shares of the financial services provider’s stock worth $1,132,000 after acquiring an additional 1,285 shares in the last quarter. &PARTNERS acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $443,000. Allspring Global Investments Holdings LLC lifted its position in shares of Apollo Global Management by 62.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 178,413 shares of the financial services provider’s stock worth $21,065,000 after purchasing an additional 68,727 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in Apollo Global Management by 4.7% during the second quarter. Checchi Capital Advisers LLC now owns 3,547 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 160 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.