Apollo Global Management (NYSE:APO) Downgraded by TheStreet

Apollo Global Management (NYSE:APOGet Rating) was downgraded by investment analysts at TheStreet from a “b” rating to a “c” rating in a report issued on Thursday, TheStreetRatingsTable reports.

Several other research analysts have also weighed in on the company. Citigroup reduced their target price on Apollo Global Management from $105.00 to $87.50 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Apollo Global Management from $95.00 to $98.00 in a research report on Friday. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Thursday, January 20th. BMO Capital Markets raised their price objective on Apollo Global Management from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, February 14th. Finally, Wells Fargo & Company dropped their target price on Apollo Global Management from $85.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $82.72.

Apollo Global Management stock opened at $52.90 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.33. The stock has a market cap of $30.21 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 0.57 and a beta of 1.64. The business’s 50-day simple moving average is $59.07 and its 200 day simple moving average is $66.97. Apollo Global Management has a 12-month low of $49.64 and a 12-month high of $81.07.

Apollo Global Management (NYSE:APOGet Rating) last issued its earnings results on Thursday, May 5th. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.04 by $0.48. Apollo Global Management had a net margin of 30.89% and a return on equity of 17.30%. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, sell-side analysts expect that Apollo Global Management will post 5.4 EPS for the current year.

In other news, Director A B. Krongard acquired 1,375 shares of Apollo Global Management stock in a transaction dated Wednesday, February 16th. The stock was bought at an average price of $67.23 per share, for a total transaction of $92,441.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in APO. First Republic Investment Management Inc. raised its position in shares of Apollo Global Management by 4.7% in the third quarter. First Republic Investment Management Inc. now owns 1,341,300 shares of the financial services provider’s stock valued at $82,611,000 after buying an additional 60,409 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Apollo Global Management by 49.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 68,237 shares of the financial services provider’s stock valued at $4,942,000 after acquiring an additional 22,555 shares during the period. Bank of New York Mellon Corp increased its position in shares of Apollo Global Management by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 744,820 shares of the financial services provider’s stock worth $45,872,000 after purchasing an additional 36,979 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in Apollo Global Management by 10.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 23,014 shares of the financial services provider’s stock valued at $1,667,000 after purchasing an additional 2,224 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Apollo Global Management in the 4th quarter valued at about $11,540,000. 61.48% of the stock is owned by institutional investors.

About Apollo Global Management (Get Rating)

Apollo Global Management, Inc is a private equity firm specializing investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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