Apollo Global Management (NYSE:APO) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Apollo Global Management (NYSE:APO) had its price objective raised by analysts at Keefe, Bruyette & Woods from $168.00 to $196.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 15.55% from the stock’s previous close.

APO has been the subject of several other reports. Piper Sandler upped their target price on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday. Wolfe Research began coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group increased their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays lifted their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One equities research 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. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

Apollo Global Management Trading Up 1.3 %

Shares of APO stock opened at $169.63 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $95.98 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.84 and a beta of 1.63. Apollo Global Management has a 52-week low of $89.76 and a 52-week high of $189.49. The company has a 50-day simple moving average of $160.82 and a two-hundred day simple moving average of $132.49.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 owns 320,564 shares in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their position. 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. 8.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Apollo Global Management

Hedge funds have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management in the 3rd quarter worth $35,000. Cullen Frost Bankers Inc. bought a new position in shares of Apollo Global Management during the second quarter valued at about $35,000. Prospera Private Wealth LLC bought a new position in shares of Apollo Global Management during the third quarter valued at about $80,000. Truvestments Capital LLC purchased a new position in shares of Apollo Global Management in the third quarter worth about $83,000. Finally, Allworth Financial LP lifted its stake in shares of Apollo Global Management by 14.3% in the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 91 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

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.