Apollo Global Management (NYSE:APO) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Apollo Global Management (NYSE:APO) had its target price increased by equities researchers at BMO Capital Markets from $157.00 to $186.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 8.75% from the stock’s previous close.

APO has been the topic of a number of other research reports. Wolfe Research began coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price on the stock. Redburn Atlantic started coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Barclays boosted their target price on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price objective on Apollo Global Management from $164.00 to $197.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and an average target price of $164.63.

Apollo Global Management Price Performance

Shares of APO opened at $171.03 on Thursday. The firm has a market cap of $96.77 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. Apollo Global Management has a 52-week low of $89.76 and a 52-week high of $189.49. The business’s 50 day moving average price is $160.82 and its two-hundred day moving average price is $132.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by insiders.

Institutional Trading of Apollo Global Management

A number of large investors have recently bought and sold shares of APO. Geode Capital Management LLC lifted its position in shares of Apollo Global Management by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock valued at $713,230,000 after buying an additional 254,268 shares during the last quarter. Legal & General Group Plc raised its stake in Apollo Global Management by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after acquiring an additional 126,859 shares during the period. TD Asset Management Inc lifted its holdings in Apollo Global Management by 3.8% during the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after purchasing an additional 97,797 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Apollo Global Management by 27.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after purchasing an additional 383,557 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Apollo Global Management by 0.4% in the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider’s stock worth $167,298,000 after purchasing an additional 4,892 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other 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.