Apollo Global Management (NYSE:APO) Price Target Raised to $157.00

Apollo Global Management (NYSE:APO) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $153.00 to $157.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 28.77% from the company’s current price.

Several other analysts have also recently commented on APO. UBS Group lowered their target price on Apollo Global Management from $172.00 to $163.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Royal Bank Of Canada reduced their price target on Apollo Global Management from $146.00 to $138.00 and set a “sector perform” rating for the company in a research report on Wednesday. Jefferies Financial Group decreased their price target on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Rothschild & Co Redburn raised their price target on Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group cut their price objective on shares of Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.30.

Apollo Global Management Stock Performance

Apollo Global Management stock traded up $8.38 during midday trading on Wednesday, reaching $121.93. 4,338,392 shares of the stock traded hands, compared to its average volume of 4,228,042. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $121.66 and a two-hundred day moving average price of $123.30. The firm has a market cap of $72.00 billion, a price-to-earnings ratio of 44.67, a PEG ratio of 1.10 and a beta of 1.51. Apollo Global Management has a fifty-two week low of $99.56 and a fifty-two week high of $153.29.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same quarter in the previous year, the business posted $1.92 EPS. On average, equities research analysts forecast that Apollo Global Management will post 7.96 earnings per share for the current year.

Insider Activity

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is owned by corporate insiders.

Institutional Trading of Apollo Global Management

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Apollo Global Management by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after acquiring an additional 234,517 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Apollo Global Management in the 2nd quarter worth $459,987,000. Bank of New York Mellon Corp grew its holdings in shares of Apollo Global Management by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock worth $323,242,000 after acquiring an additional 188,668 shares during the last quarter. Temasek Holdings Private Ltd raised its position in shares of Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares during the period. Finally, Curated Wealth Partners LLC raised its position in shares of Apollo Global Management by 91.8% during the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after purchasing an additional 1,055,818 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Key Apollo Global Management News

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: Apollo reported $802 million in fee-related earnings and record quarterly originations of $114 billion, supporting the case for growth in its core fee-generating and lending businesses. Apollo Global: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Apollo is expanding its private-credit business with a European lending platform and aims to nearly double credit assets under management by 2029. Its reported $1.07 trillion in assets also highlights demand for alternative investments. Apollo Taps European Private Credit Markets With New Lending Platform
• Positive Sentiment: The company declared a quarterly dividend of $0.5625 per share, equivalent to $2.25 annually. Apollo Global Management stock information
• Neutral Sentiment: Barclays and Morgan Stanley trimmed their price targets by $1 each but kept “overweight” ratings. RBC and Keefe, Bruyette & Woods also cut targets and maintained “sector perform” and “market perform” ratings, respectively—signaling a more cautious outlook while still indicating potential upside from recent levels. Barclays recommendations
• Negative Sentiment: Third-quarter earnings missed analyst expectations, and Apollo swung to a $1.06 billion net loss attributable to common shareholders, versus a profit a year earlier, due to investment-related losses. Rising expenses were another concern. Apollo Global Swings to a Loss on Investment-Related Losses

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.