Apollo Global Management (NYSE:APO) Stock Gets Price Target Trim from UBS Group

Apollo Global Management (NYSE:APO) had its price objective cut by investment analysts at UBS Group from $163.00 to $160.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS Group‘s price target points to a potential upside of 36.71% from the company’s current price.

Several other analysts have also commented on APO. Piper Sandler reissued an “overweight” rating and set a $145.00 price target on shares of Apollo Global Management in a research report on Wednesday. TD Cowen cut their price objective on shares of Apollo Global Management from $154.00 to $136.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley reduced their price objective on shares of Apollo Global Management from $150.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday. Jefferies Financial Group decreased their target price on shares of Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a research report on Tuesday, October 6th. Finally, BMO Capital Markets decreased their target price on shares of Apollo Global Management from $134.00 to $124.00 and set a “market perform” rating for the company in a research report on Tuesday, October 27th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $146.74.

Apollo Global Management Price Performance

Shares of APO stock opened at $117.04 on Thursday. Apollo Global Management has a 1-year low of $99.56 and a 1-year high of $153.29. The stock’s 50-day moving average is $121.12 and its 200 day moving average is $123.06. The company has a market cap of $69.11 billion, a P/E ratio of -63.95, a PEG ratio of 1.13 and a beta of 1.51. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.41 and a quick ratio of 1.70.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a negative net margin of 2.98% and a positive return on equity of 12.11%. During the same quarter last year, the firm earned $1.92 EPS. Research analysts predict that Apollo Global Management will post 7.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of large investors have recently modified their holdings of APO. Continuum Advisory LLC acquired a new stake in Apollo Global Management in the 2nd quarter worth approximately $30,000. Keating Financial Advisory Services Inc. purchased a new stake in Apollo Global Management during the 2nd quarter worth approximately $31,000. Avion Wealth increased its stake in Apollo Global Management by 159.2% during the 3rd quarter. Avion Wealth now owns 267 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 164 shares in the last quarter. Fairscale Capital LLC acquired a new position in Apollo Global Management during the 3rd quarter valued at approximately $32,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Apollo Global Management during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: JPMorgan raised its price target to $157 from $153 and maintained an “overweight” rating, signaling confidence in Apollo’s potential. JPMorgan price-target article
• Positive Sentiment: Apollo reported record quarterly originations of $114 billion and assets under management of $1.07 trillion, which may support its growth and fee-generating capacity. Apollo originations and AUM article
• Neutral Sentiment: Goldman Sachs and Apollo are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential mandate could create a sizable opportunity, but the report describes talks rather than a completed transaction. SpaceX financing article
• Neutral Sentiment: A report says Nvidia is considering Apollo’s struggling telecom sites as a way to address data-center constraints. Any benefit to Apollo would depend on whether a deal proceeds and how the sites are used. Nvidia telecom-sites article
• Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their price targets. The cluster of cautious analyst actions may be weighing on sentiment, despite JPMorgan’s increase. RBC outlook article KBW target article Barclays target article

About Apollo Global Management

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.