Morgan Stanley Lowers Apollo Global Management (NYSE:APO) Price Target to $131.00

Apollo Global Management (NYSE:APO) had its target price decreased by equities researchers at Morgan Stanley from $170.00 to $131.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 2.58% from the company’s current price.

A number of other analysts also recently issued reports on APO. BMO Capital Markets raised their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Raymond James assumed coverage on Apollo Global Management in a research note on Thursday, April 10th. They set a “strong-buy” rating and a $173.00 target price for the company. Barclays decreased their price target on Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. TD Cowen cut their price objective on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.00.

Apollo Global Management Trading Up 1.7 %

Shares of APO stock opened at $127.71 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management has a twelve month low of $95.11 and a twelve month high of $189.49. The company’s 50-day moving average price is $140.13 and its 200-day moving average price is $153.47. The stock has a market cap of $72.85 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.17 and a beta of 1.66.

Insider Buying and Selling

In other Apollo Global Management news, insider Lb 2018 Gst Trust bought 607,725 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the acquisition, the insider now directly owns 621,754 shares of the company’s stock, valued at $69,257,178.06. This represents a 4,331.92 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the sale, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APO. Fourth Dimension Wealth LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $25,000. Hopwood Financial Services Inc. purchased a new stake in Apollo Global Management in the fourth quarter valued at $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management in the fourth quarter valued at $34,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management during the fourth quarter worth about $37,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth about $39,000. 77.06% of the stock is owned by institutional investors and hedge funds.

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.