Apollo Global Management (NYSE:APO) had its price objective increased by Barclays from $50.00 to $52.00 in a report issued on Monday morning, AnalystRatings.com reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other equities analysts have also commented on the company. ValuEngine lowered Apollo Global Management from a buy rating to a hold rating in a research note on Wednesday, October 2nd. JMP Securities lowered Apollo Global Management from an outperform rating to a market perform rating and upped their price target for the company from $152.00 to $155.00 in a research note on Monday. Citigroup reaffirmed a buy rating and issued a $53.00 price target (up previously from $49.00) on shares of Apollo Global Management in a research note on Tuesday, October 29th. Oppenheimer set a $47.00 price target on Apollo Global Management and gave the company a buy rating in a research note on Friday, November 1st. Finally, Zacks Investment Research lowered Apollo Global Management from a buy rating to a hold rating in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Apollo Global Management has a consensus rating of Buy and an average target price of $55.15.

Shares of Apollo Global Management stock opened at $50.11 on Monday. Apollo Global Management has a 52 week low of $25.75 and a 52 week high of $50.35. The business’s fifty day simple moving average is $46.35 and its 200-day simple moving average is $40.01. The firm has a market cap of $11.09 billion, a PE ratio of -238.62, a price-to-earnings-growth ratio of 1.25 and a beta of 1.51. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.12.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.03). The firm had revenue of $401.38 million during the quarter, compared to analyst estimates of $404.24 million. During the same quarter in the previous year, the business posted $0.83 earnings per share. As a group, equities analysts expect that Apollo Global Management will post 2.35 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Heritage Wealth Advisors lifted its stake in Apollo Global Management by 100.0% during the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 500 shares in the last quarter. Boston Partners acquired a new position in Apollo Global Management during the 2nd quarter worth about $125,000. Oppenheimer Asset Management Inc. acquired a new position in Apollo Global Management during the 3rd quarter worth about $163,000. Arden Trust Co acquired a new position in Apollo Global Management during the 3rd quarter worth about $200,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Apollo Global Management during the 3rd quarter worth about $203,000. 68.76% of the stock is currently owned by hedge funds and other institutional investors.

About Apollo Global Management

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

Read More: Asset Allocation

Analyst Recommendations for Apollo Global Management (NYSE:APO)

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.