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

Apollo Global Management (NYSE:APO) had its target price upped by BMO Capital Markets from $157.00 to $186.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 8.38% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. UBS Group raised Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays raised their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Citigroup increased their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.16.

Apollo Global Management Trading Up 2.5 %

APO traded up $4.18 on Thursday, hitting $171.62. The company had a trading volume of 3,079,632 shares, compared to its average volume of 2,889,652. The business’s fifty day simple moving average is $160.19 and its 200 day simple moving average is $132.23. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management has a 12-month low of $89.76 and a 12-month high of $189.49. The company has a market cap of $97.11 billion, a PE ratio of 17.93, a PEG ratio of 1.84 and a beta of 1.63.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 over the last quarter. 8.50% of the stock is owned by corporate insiders.

Institutional Trading of Apollo Global Management

Several large investors have recently bought and sold shares of APO. Wilmington Savings Fund Society FSB purchased a new position in shares of Apollo Global Management in the third quarter worth about $503,000. Sfmg LLC raised its position in Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after buying an additional 79 shares during the last quarter. World Investment Advisors LLC lifted its stake in Apollo Global Management by 1.8% during the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 119 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Apollo Global Management by 11.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 110,347 shares of the financial services provider’s stock valued at $13,783,000 after acquiring an additional 11,370 shares during the last quarter. Finally, Unigestion Holding SA acquired a new stake in shares of Apollo Global Management in the third quarter worth $609,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

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.