Apollo Global Management (NYSE:APO) PT Raised to $103.00

Apollo Global Management (NYSE:APO) had its price target lifted by research analysts at BMO Capital Markets from $96.00 to $103.00 in a report issued on Friday, FlyOnTheWall reports. BMO Capital Markets’ price target points to a potential upside of 12.98% from the stock’s current price.

Several other equities research analysts also recently weighed in on APO. Citigroup raised their target price on shares of Apollo Global Management from $91.00 to $100.00 in a research note on Friday, August 4th. TheStreet raised Apollo Global Management from a “c+” rating to a “b-” rating in a research report on Tuesday, June 20th. Barclays increased their price target on shares of Apollo Global Management from $92.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. The Goldman Sachs Group boosted their target price on shares of Apollo Global Management from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Wells Fargo & Company upped their target price on Apollo Global Management from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $85.38.

Apollo Global Management Trading Up 0.6 %

APO opened at $91.17 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.85. The firm has a market cap of $51.68 billion, a price-to-earnings ratio of 43.21, a PEG ratio of 0.65 and a beta of 1.67. Apollo Global Management has a 12 month low of $45.62 and a 12 month high of $91.70. The stock has a fifty day moving average price of $83.06 and a 200-day moving average price of $72.18.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.06). Apollo Global Management had a return on equity of 109.78% and a net margin of 4.91%. The firm had revenue of $793.00 million during the quarter, compared to the consensus estimate of $781.82 million. As a group, equities research analysts anticipate that Apollo Global Management will post 6.3 earnings per share for the current fiscal year.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider James C. Zelter sold 3,010 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $77.51, for a total value of $233,305.10. Following the transaction, the insider now owns 5,776,159 shares in the company, valued at approximately $447,710,084.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider James C. Zelter sold 35,777 shares of the stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $77.93, for a total value of $2,788,101.61. Following the completion of the sale, the insider now owns 5,740,382 shares of the company’s stock, valued at $447,347,969.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James C. Zelter sold 3,010 shares of Apollo Global Management stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $77.51, for a total value of $233,305.10. Following the transaction, the insider now owns 5,776,159 shares in the company, valued at approximately $447,710,084.09. The disclosure for this sale can be found here. Insiders have sold 110,659 shares of company stock valued at $8,696,359 over the last ninety days. Insiders own 8.70% of the company’s stock.

Institutional Trading of Apollo Global Management

A number of hedge funds and other institutional investors have recently modified their holdings of APO. Vanguard Group Inc. increased its position in Apollo Global Management by 87.8% during the first quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock worth $2,316,818,000 after purchasing an additional 17,476,830 shares during the last quarter. BlackRock Inc. lifted its holdings in Apollo Global Management by 2.1% in the second quarter. BlackRock Inc. now owns 28,055,194 shares of the financial services provider’s stock valued at $2,154,919,000 after acquiring an additional 564,330 shares during the last quarter. State Street Corp grew its position in Apollo Global Management by 2.3% in the second quarter. State Street Corp now owns 9,723,819 shares of the financial services provider’s stock worth $746,887,000 after acquiring an additional 218,332 shares during the period. Clearbridge Investments LLC raised its position in Apollo Global Management by 7.7% in the second quarter. Clearbridge Investments LLC now owns 9,363,989 shares of the financial services provider’s stock valued at $719,248,000 after purchasing an additional 672,103 shares during the period. Finally, FMR LLC lifted its stake in shares of Apollo Global Management by 78.1% in the 1st quarter. FMR LLC now owns 8,830,094 shares of the financial services provider’s stock valued at $557,709,000 after purchasing an additional 3,872,458 shares during the last quarter. 60.86% of the stock is 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 and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.