Analysts Set Apollo Global Management Inc. (NYSE:APO) PT at $165.62

Apollo Global Management Inc. (NYSE:APO) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $165.6154.

APO has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. Evercore increased their target price on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Finally, Citigroup dropped their price target on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $133.24 on Thursday. The firm has a market cap of $77.34 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 1.20 and a beta of 1.57. Apollo Global Management has a 1 year low of $102.58 and a 1 year high of $167.15. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $141.58 and a 200 day simple moving average of $136.59.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

Several hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in Apollo Global Management by 33.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 268,028 shares of the financial services provider’s stock valued at $38,800,000 after acquiring an additional 67,261 shares during the period. Americana Partners LLC bought a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $1,539,000. Legato Capital Management LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at $900,000. Axxcess Wealth Management LLC lifted its position in Apollo Global Management by 98.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 36,804 shares of the financial services provider’s stock worth $5,328,000 after purchasing an additional 18,247 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Apollo Global Management by 1,137.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,355 shares of the financial services provider’s stock worth $3,526,000 after buying an additional 22,387 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

About Apollo Global Management

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.