Morgan Stanley Increases Apollo Global Management (NYSE:APO) Price Target to $170.00

Apollo Global Management (NYSE:APO) had its price objective increased by investment analysts at Morgan Stanley from $169.00 to $170.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 7.96% from the company’s previous close.

A number of other research firms have also recently issued reports on APO. BMO Capital Markets boosted their target price on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Barclays boosted their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.74.

Apollo Global Management Trading Down 0.4 %

Shares of NYSE APO opened at $157.46 on Tuesday. Apollo Global Management has a twelve month low of $95.11 and a twelve month high of $189.49. The stock has a market cap of $89.09 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 1.28 and a beta of 1.63. 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 company’s fifty day moving average is $168.28 and its 200-day moving average is $145.59.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the sale, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by corporate insiders.

Institutional Trading of Apollo Global Management

Hedge funds have recently modified their holdings of the stock. Hopwood Financial Services Inc. acquired a new stake in Apollo Global Management during the fourth quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management in the 4th quarter valued at $34,000. Byrne Asset Management LLC acquired a new position in Apollo Global Management in the 4th quarter valued at $37,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $39,000. Finally, HM Payson & Co. bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

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.