Apollo Global Management (NYSE:APO) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Friday, The Fly reports.

A number of other research firms have also commented on APO. Morgan Stanley upgraded shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a research report on Wednesday, January 3rd. ValuEngine upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Tuesday, December 19th. Credit Suisse Group boosted their price target on shares of Apollo Global Management from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co restated an “outperform” rating and set a $39.00 price target (up from $34.00) on shares of Apollo Global Management in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.46.

Apollo Global Management (NYSE:APO) traded down $0.35 on Friday, hitting $35.07. 496,700 shares of the stock were exchanged, compared to its average volume of 696,733. The stock has a market cap of $6,790.00, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.74. Apollo Global Management has a 12-month low of $20.38 and a 12-month high of $36.60.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.51. The firm had revenue of $645.20 million during the quarter, compared to analyst estimates of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. research analysts forecast that Apollo Global Management will post 2.97 earnings per share for the current year.

In related news, major shareholder Tiger Global Management Llc bought 43,714 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of $29.18 per share, for a total transaction of $1,275,574.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.11% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Stelac Advisory Services LLC purchased a new position in Apollo Global Management in the third quarter worth $117,000. First Midwest Bank Trust Division purchased a new stake in Apollo Global Management during the third quarter valued at about $232,000. Wealthsource Partners LLC purchased a new stake in Apollo Global Management during the third quarter valued at about $251,000. Bank of New York Mellon Corp purchased a new stake in Apollo Global Management during the second quarter valued at about $240,000. Finally, Meridian Wealth Management LLC purchased a new stake in Apollo Global Management during the third quarter valued at about $277,000. Institutional investors own 72.44% of the company’s stock.

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About Apollo Global Management

Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.

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