StockNews.com Downgrades Apollo Global Management (NYSE:APO) to Sell

Apollo Global Management (NYSE:APO) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Redburn Atlantic initiated coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Piper Sandler initiated coverage on shares of Apollo Global Management in a research note on Tuesday, November 19th. They issued an “overweight” rating and a $188.00 price target on the stock. 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 research report on Monday. Finally, Argus cut their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. One equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.16.

Apollo Global Management Trading Up 2.3 %

Shares of NYSE APO opened at $178.76 on Tuesday. Apollo Global Management has a twelve month low of $89.76 and a twelve month high of $189.49. The stock has a market cap of $101.15 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.84 and a beta of 1.63. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average is $156.19 and its 200-day moving average is $130.15.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on 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. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the 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 transaction, the insider now owns 35,104,773 shares in the company, 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 sold 196,600 shares of company stock valued at $34,186,128 in the last quarter. 8.50% of the stock is currently owned by insiders.

Institutional Trading of Apollo Global Management

A number of institutional investors have recently bought and sold shares of APO. Cullen Frost Bankers Inc. bought a new position in Apollo Global Management in the second quarter valued at approximately $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the 3rd quarter valued at $35,000. Prospera Private Wealth LLC bought a new position in shares of Apollo Global Management in the 3rd quarter valued at $80,000. Truvestments Capital LLC acquired a new position in shares of Apollo Global Management during the 3rd quarter worth $83,000. Finally, Allworth Financial LP lifted its position in shares of Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after buying an additional 91 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

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.