Apollo Global Management (NYSE:APO) Price Target Lowered to $146.00 at TD Cowen

Apollo Global Management (NYSE:APO) had its target price dropped by equities researchers at TD Cowen from $155.00 to $146.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price target would indicate a potential upside of 8.62% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Barclays raised their target price on Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Argus upgraded Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. BMO Capital Markets decreased their target price on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. Finally, Morgan Stanley decreased their target price on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.38.

Apollo Global Management Price Performance

APO traded down $0.97 during midday trading on Monday, hitting $134.41. 702,843 shares of the company traded hands, compared to its average volume of 4,850,149. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $77.49 billion, a price-to-earnings ratio of 85.62, a PEG ratio of 1.13 and a beta of 1.52. Apollo Global Management has a 52-week low of $99.56 and a 52-week high of $157.28. The business has a 50 day simple moving average of $116.51 and a two-hundred day simple moving average of $127.74.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.05. The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, equities analysts forecast that Apollo Global Management will post 8.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Plato Investment Management Ltd increased its position in Apollo Global Management by 100.3% during the third quarter. Plato Investment Management Ltd now owns 10,888 shares of the financial services provider’s stock worth $1,440,000 after purchasing an additional 5,452 shares during the last quarter. NEOS Investment Management LLC increased its stake in Apollo Global Management by 48.7% during the third quarter. NEOS Investment Management LLC now owns 52,506 shares of the financial services provider’s stock worth $6,997,000 after acquiring an additional 17,204 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Apollo Global Management by 11.0% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 900,554 shares of the financial services provider’s stock worth $120,017,000 after acquiring an additional 89,439 shares during the last quarter. Cornerstone Investment Partners LLC increased its stake in Apollo Global Management by 23.6% during the third quarter. Cornerstone Investment Partners LLC now owns 630,520 shares of the financial services provider’s stock worth $84,029,000 after acquiring an additional 120,558 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Apollo Global Management by 60.0% during the third quarter. UMB Bank n.a. now owns 109,672 shares of the financial services provider’s stock worth $14,616,000 after acquiring an additional 41,142 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.