Apollo Global Management (NYSE:APO) Upgraded by Keefe, Bruyette & Woods to Hold Rating

Apollo Global Management (NYSE:APO) was upgraded by equities researchers at Keefe, Bruyette & Woods to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on the stock. Piper Sandler decreased their price objective on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Barclays boosted their target price on shares of Apollo Global Management from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Morgan Stanley decreased their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $149.08.

Apollo Global Management Price Performance

Shares of APO stock opened at $118.42 on Monday. The stock’s fifty day moving average is $127.01 and its 200-day moving average is $124.52. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $68.27 billion, a PE ratio of 75.43, a PEG ratio of 1.03 and a beta of 1.50. Apollo Global Management has a 52 week low of $99.56 and a 52 week high of $153.43.

Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the company posted $1.82 earnings per share. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities research analysts expect that Apollo Global Management will post 8.22 EPS for the current fiscal year.

Insider Activity

In other news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the sale, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. The trade was a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Several large investors have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the fourth quarter valued at approximately $29,000. MBM Wealth Consultants LLC acquired a new position in shares of Apollo Global Management in the 1st quarter valued at $29,000. Steigerwald Gordon & Koch Inc. boosted its position in shares of Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 213 shares during the last quarter. Osbon Capital Management LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $36,000. Finally, Physician Wealth Advisors Inc. increased its holdings in Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 96 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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.