Apollo Global Management (NYSE:APO) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Apollo Global Management (NYSE:APO – Get Rating) in a report released on Thursday. The brokerage set a “sell” rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on APO. Wells Fargo & Company upped their price objective on shares of Apollo Global Management from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. Barclays upped their price objective on shares of Apollo Global Management from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. Oppenheimer upped their price objective on shares of Apollo Global Management to $74.00 in a research note on Wednesday, December 14th. Keefe, Bruyette & Woods raised shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $84.00 to $88.00 in a research note on Friday, February 10th. Finally, Morgan Stanley cut their price objective on shares of Apollo Global Management from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Monday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $75.44.

Apollo Global Management Price Performance

APO stock opened at $57.61 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.86. Apollo Global Management has a one year low of $45.62 and a one year high of $74.63. The stock has a market cap of $32.88 billion, a PE ratio of -10.32, a P/E/G ratio of 0.53 and a beta of 1.72. The firm has a 50 day simple moving average of $69.25 and a two-hundred day simple moving average of $62.03.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 15,000 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $70.11, for a total transaction of $1,051,650.00. Following the sale, the chief financial officer now directly owns 425,120 shares of the company’s stock, valued at approximately $29,805,163.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Martin Kelly sold 15,000 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $70.11, for a total transaction of $1,051,650.00. Following the sale, the chief financial officer now directly owns 425,120 shares of the company’s stock, valued at approximately $29,805,163.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Suydam sold 33,334 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $72.00, for a total transaction of $2,400,048.00. Following the sale, the insider now directly owns 277,076 shares in the company, valued at $19,949,472. The disclosure for this sale can be found here. Insiders have sold 111,667 shares of company stock valued at $7,898,208 in the last three months. 15.40% of the stock is currently owned by company insiders.

Institutional Trading of Apollo Global Management

A number of institutional investors have recently made changes to their positions in APO. US Bancorp DE boosted its holdings in shares of Apollo Global Management by 174.5% during the 1st quarter. US Bancorp DE now owns 6,275 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 3,989 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of Apollo Global Management in the 1st quarter worth approximately $1,112,000. Panagora Asset Management Inc. bought a new position in shares of Apollo Global Management in the 1st quarter worth approximately $202,000. APG Asset Management N.V. bought a new position in shares of Apollo Global Management in the 1st quarter worth approximately $457,000. Finally, Yousif Capital Management LLC bought a new position in shares of Apollo Global Management in the 1st quarter worth approximately $511,000. Hedge funds and other institutional investors own 68.98% of the company’s stock.

Apollo Global Management Company Profile

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Apollo Global Management, Inc provides asset management services. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. The company was founded by Marc Rowan in 1990 and is headquartered in New York, NY.