Apollo Global Management Inc. (NYSE:APO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Apollo Global Management Inc. (NYSE:APO) has been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $165.6154.

A number of analysts have issued reports on the company. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Keefe, Bruyette & Woods boosted their price objective on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Evercore ISI increased their target price on Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Finally, UBS Group cut their price target on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th.

Apollo Global Management Trading Up 4.5%

Shares of APO stock opened at $132.61 on Thursday. Apollo Global Management has a 1-year low of $102.58 and a 1-year high of $168.25. The firm has a market cap of $76.97 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.14 and a beta of 1.57. The company has a 50-day moving average of $141.63 and a two-hundred day moving average of $136.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors have recently modified their holdings of the business. Delos Wealth Advisors LLC purchased a new position in Apollo Global Management in the second quarter valued at $25,000. Atlantic Union Bankshares Corp raised its position in Apollo Global Management by 99.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Activest Wealth Management raised its position in Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 175 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at about $28,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Apollo Global Management by 1,123.5% during the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.