Apollo Global Management (NYSE:APO) Given New $200.00 Price Target at Barclays

Apollo Global Management (NYSE:APO) had its price objective raised by equities researchers at Barclays from $174.00 to $200.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would suggest a potential upside of 12.45% from the company’s previous close.

Several other analysts also recently commented on APO. StockNews.com raised Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Monday, December 2nd. Redburn Atlantic assumed coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Redburn Partners assumed coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. Argus dropped their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Finally, UBS Group raised Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $156.42.

Apollo Global Management Stock Up 1.2 %

NYSE:APO opened at $177.85 on Monday. Apollo Global Management has a 12-month low of $89.45 and a 12-month high of $178.75. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $100.63 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.84 and a beta of 1.63. The stock’s fifty day simple moving average is $153.46 and its 200-day simple moving average is $128.97.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the transaction, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock worth $34,186,128 over the last three months. Corporate insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its stake in shares of Apollo Global Management by 5.6% in the second quarter. Sequoia Financial Advisors LLC now owns 3,403 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 179 shares during the last quarter. Cooper Financial Group bought a new stake in shares of Apollo Global Management in the second quarter worth $316,000. Wedmont Private Capital grew its stake in shares of Apollo Global Management by 9.3% in the second quarter. Wedmont Private Capital now owns 5,124 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 438 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Apollo Global Management by 343.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 36,492 shares of the financial services provider’s stock worth $4,309,000 after purchasing an additional 28,272 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its stake in shares of Apollo Global Management by 8.3% in the second quarter. Great Valley Advisor Group Inc. now owns 2,716 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 209 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 is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.