Apollo Global Management (NYSE:APO) Coverage Initiated at Wolfe Research

Stock analysts at Wolfe Research assumed coverage on shares of Apollo Global Management (NYSE:APO) in a report issued on Wednesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $139.00 price target on the financial services provider’s stock. Wolfe Research’s target price would suggest a potential upside of 11.15% from the stock’s current price.

Several other equities analysts have also recently commented on APO. TD Cowen boosted their price target on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a report on Monday, July 8th. Redburn Partners assumed coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Keefe, Bruyette & Woods lifted their target price on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Finally, Wells Fargo & Company initiated coverage on Apollo Global Management in a research note on Thursday, September 12th. They set an “overweight” rating and a $132.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.65.

Apollo Global Management Stock Performance

Shares of APO opened at $125.06 on Wednesday. The firm has a fifty day moving average of $113.72 and a 200-day moving average of $113.94. The company has a market cap of $71.23 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. Apollo Global Management has a 1 year low of $77.11 and a 1 year high of $126.93.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter last year, the firm posted $1.54 earnings per share. As a group, equities analysts anticipate that Apollo Global Management will post 6.62 earnings per share for the current year.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 8.50% of the company’s stock.

Institutional Investors Weigh In On Apollo Global Management

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. boosted its position in shares of Apollo Global Management by 122.2% during the 2nd quarter. Centaurus Financial Inc. now owns 3,571 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 1,964 shares during the last quarter. American Trust raised its holdings in Apollo Global Management by 35.6% during the 2nd quarter. American Trust now owns 2,895 shares of the financial services provider’s stock valued at $342,000 after buying an additional 760 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $11,107,000. New Century Financial Group LLC purchased a new position in Apollo Global Management during the 2nd quarter valued at $347,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Apollo Global Management by 15.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 238,800 shares of the financial services provider’s stock worth $28,195,000 after acquiring an additional 32,000 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Company Profile

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.