Barclays Forecasts Strong Price Appreciation for Apollo Global Management (NYSE:APO) Stock

by · The Cerbat Gem

Apollo Global Management (NYSE:APO – Get Free Report) had its price target hoisted by Barclays from $159.00 to $172.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 16.02% from the company’s current price.

APO has been the subject of several other reports. Keefe, Bruyette & Woods increased their target price on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. UBS Group initiated coverage on Apollo Global Management in a research note on Thursday. They set a “buy” rating and a $186.00 price objective for the company. Citigroup cut their target price on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $155.00 target price on shares of Apollo Global Management in a research note on Tuesday, November 25th. Finally, Morgan Stanley raised shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $151.00 to $180.00 in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $166.23.

Get Our Latest Research Report on APO

Apollo Global Management Trading Down 1.4%

NYSE APO traded down $2.08 during trading on Friday, hitting $148.25. 2,468,313 shares of the company’s stock traded hands, compared to its average volume of 3,584,917. The stock has a fifty day moving average of $129.20 and a two-hundred day moving average of $135.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. Apollo Global Management has a 12-month low of $102.58 and a 12-month high of $179.42. The firm has a market cap of $86.05 billion, a P/E ratio of 21.65, a PEG ratio of 1.47 and a beta of 1.61.

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 on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Apollo Global Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in APO. Stock Yards Bank & Trust Co. purchased a new position in Apollo Global Management in the 2nd quarter worth approximately $709,000. Hsbc Holdings PLC boosted its stake in Apollo Global Management by 39.2% during the 2nd quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock valued at $119,482,000 after purchasing an additional 237,180 shares during the last quarter. Callodine Capital Management LP increased its holdings in shares of Apollo Global Management by 236.2% in the 2nd quarter. Callodine Capital Management LP now owns 270,000 shares of the financial services provider’s stock worth $38,305,000 after purchasing an additional 189,693 shares in the last quarter. Woodline Partners LP raised its stake in shares of Apollo Global Management by 40.7% in the first quarter. Woodline Partners LP now owns 37,764 shares of the financial services provider’s stock worth $5,171,000 after purchasing an additional 10,920 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Apollo Global Management by 573.4% during the first quarter. Jump Financial LLC now owns 70,393 shares of the financial services provider’s stock valued at $9,640,000 after purchasing an additional 59,939 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

(Get Free Report)

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.

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